Market Technical Analysis by RoboForex

[Vlad RF]

USDJPY stuck in a range: weak dollar supports, rate outlook weighs

The USDJPY pair has fallen to 159.86. The range remains intact, but the yen is recovering some of its previous losses.

Technical outlook

On the H4 chart, the USDJPY pair remains range-bound, although the short-term momentum is shifting in favour of sellers. After another failed attempt to consolidate in the 159.50–159.80 area, the pair declined to 158.96 and approached the middle Bollinger Band.

The USDJPY pair remains range-bound but is edging lower within the range.

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Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team

 

[Vlad RF]

SOLUSD rises on institutional interest

SOLUSD is showing aggressive growth, strengthening confidently despite broader investor caution. The price currently stands at 103.34.

Technical outlook

SOLUSD price is attempting to consolidate above the upper boundary of the Triangle pattern. If the pattern boundary is broken confidently, today’s SOLUSD forecast suggests an upward wave with the nearest target at 117.05 USD.

The current rally in SOLUSD, driven by substantial institutional capital inflows into spot ETFs.

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Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team

 

[Vlad RF]

Dogecoin on the verge of change as ETFs and ÐOGE Pay reshape the landscape

House of Doge and MoonPay continue to develop ÐOGE Pay, which could provide additional support for the Dogecoin price, which currently stands at 0.08750.

Technical outlook

On the H4 chart, DOGEUSD formed a Hammer reversal pattern near the lower Bollinger Band. At this stage, the price could form an upward wave as the signal plays out, with the upside target at the 0.09300 resistance level.

The expansion of ÐOGE Pay, growing institutional investor interest through ETFs.

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Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team

 

[Vlad RF]

Fed’s tough stance on inflation triggers XAUUSD sell-off

XAUUSD prices remain under pressure near the 4,425 USD support level following hawkish comments from the Federal Reserve chairman. Quotes currently stand at 4,436 USD.

Technical outlook

XAUUSD prices are falling after breaking below the lower boundary of the bullish channel, with sellers gaining a foothold below the EMA-65. Today’s XAUUSD forecast suggests a further decline towards 4,215 USD.

The current decline in XAUUSD has been driven by investors reassessing Federal Reserve interest rate expectations in response to Kevin Warsh’s hawkish rhetoric.

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Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team

 

[Vlad RF]

EURUSD resumes decline after failed recovery attempt

The EURUSD pair is moving lower amid a sharp rise in oil prices caused by the conflict in the Middle East, with the rate currently at 1.1603.

Technical outlook

The EURUSD pair is declining after rebounding from the EMA-65, with selling pressure increasing. Today’s EURUSD forecast suggests renewed downward momentum towards the 1.1545 target.

The current EURUSD decline is driven by Kevin Warsh’s hawkish rhetoric and inflation risks from rising oil prices.

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Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team

 

[Vlad RF]

Institutional demand protects XRP from decline

The XRPUSD price is falling, but institutional inflows and expectations of a regulatory breakthrough are keeping the asset from plummeting. The current quote is 1.3468.

Technical outlook

The XRPUSD price is declining within a Wedge reversal pattern. Despite selling pressure, a breakout above the pattern’s upper boundary could trigger price growth.

The current decline in XRP is temporary, as speculative pressure from token unlocks is being offset by institutional capital inflows.

Read more at RoboForex Website

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team