News – RobotFX

Who will be the new king of Forex?

Who will be the new king of Forex?

November 3, 2023

Should we move on? This question, according to Jerome Powell, was raised by the members of the FOMC during the meeting on October 31 – November 1. A rate hike on federal funds after two consecutive pauses is still possible, but progress in combating inflation reduces the chances of resuming the monetary restriction cycle. The […]

Technical analysis on Gold for November 2nd, 2023.

Technical analysis on Gold for November 2nd, 2023.

November 3, 2023

Blue lines- Fibonacci retracement levels Yellow line- bearish RSI Divergence Gold price is trading around $1,982. Since October 20th, Gold price is mostly moving sideways. Price made a higher high at $2,008 and a low at $1,962 since the end of October. The 23.6% Fibonacci retracement has not be broken. Price has made no real […]

Trading plan for GBP/USD on November 2. Analysis and simple tips for beginners

Trading plan for GBP/USD on November 2. Analysis and simple tips for beginners

November 2, 2023

Analysis of Wednesday trades: GBP/USD 1H chart By the end of the third trading day of the week, the GBP/USD pair once again tested the crucial 1.2107 level. Interestingly, this level has been breached multiple times, yet each time, the price returns and settles above it. The pair has been unable to initiate a new […]

Technical analysis on EUR/USD on October 31, 2023

Technical analysis on EUR/USD on October 31, 2023

November 1, 2023

Overview : A trend in the EUR/USD pair was argumentative as it was trading in a narrow sideways channel, the market showed signs of instability. Amid the previous events, the price is still moving between the levels of 1.0600 and 1.0780. Resistance and support are seen at the levels of 1.0780 (also, the double top […]

October 31, 2023 : EUR/USD Intraday technical analysis and trading plan.

October 31, 2023 : EUR/USD Intraday technical analysis and trading plan.

November 1, 2023

The EURUSD pair broke above the key level of 1.0550-1.0600 and continued its bullish trend towards 1.1000 and 1.1200. The bulls reached the resistance zone around 1.1200 but failed to sustain the momentum. Meanwhile, the bears pulled back the price towards 1.0950 where the pair met the short-term uptrend line. The price reversed from this […]

The euro has reached its boiling point

The euro has reached its boiling point

October 31, 2023

Everything has its limits. There’s a certain boiling point after which everything changes. Bad news can become good news for a currency. I’m not sure if the euro has reached its boiling point, but weak data on German GDP and European economic confidence pushed EUR/USD to rise above 1.06. And yet, the 7% rally in […]

Weekly review on EUR/USD for October 30-31, 2023

Weekly review on EUR/USD for October 30-31, 2023

October 31, 2023

Weekly Review: The EUR/USD pair hit the weekly pivot point and resistance 1, because of the series of relatively equal highs and equal lows. But, the pair has risen down in order to top at the point of 1.0588. Hence, the major support was already set at the level of 1.0545. Today, the EUR/USD pair […]

Key events on October 30: fundamental analysis for beginners

Key events on October 30: fundamental analysis for beginners

October 30, 2023

Analysis of macroeconomic reports: For Monday, the lineup of macroeconomic events is practically barren. The only notable event is the consumer price index in Germany, which is not super significant on its own since there’s also the eurozone-wide inflation, which holds a higher priority for the euro. However, inflation in Europe for October might slow […]

Load More Articles

RobotFX Forex Analysis section has been moved to news.robotfx.org. On robotfx.org we will publish only RobotFX related articles (expert advisor updates, promotions, site announcements etc).