Market Technical Analysis by RoboForex

[Vlad RF]

USDJPY is consolidating within a Triangle pattern

The USDJPY pair resumed growth following a correction, but buyers continue to face strong resistance. The rate currently stands at 161.80.

Technical outlook

The USDJPY rate is correcting within a developing Triangle pattern. At the same time, buyers continue to hold the price above the EMA-65, indicating continued bullish pressure. Today’s USDJPY forecast suggests a renewed upward move, with a target at 162.35.

Despite expectations of further BoJ policy tightening, the USDJPY pair retains an upward bias due to the continuing interest rate gap between the US and Japan.

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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]

Ethereum (ETHUSD) will resume growth after a pause for profit-taking

The Ethereum (ETHUSD) price paused near 1,585 USD, with the market caught up in profit-taking.

Technical outlook

On the Ethereum (ETHUSD) H1 chart, following a sharp upward momentum to the 1,625 area, the price entered a correction phase and pulled back to the 1,585–1,590 range. Quotes are now consolidating near the middle Bollinger Band, indicating a temporary balance between buyers and sellers after the spike in volatility.

The Ethereum price declined, driven by quarterly profit-taking, and then paused.

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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]

GBPUSD is trapped by politics and the dollar’s reputation

The GBPUSD pair retreated to 1.3233, with political uncertainty weighing on the pound.

Technical outlook

On the H4 chart, the GBPUSD pair is experiencing a corrective recovery after falling sharply in the second half of June. The pair managed to move away from the local low around 1.3141 and rise to the 1.3230–1.3250 area, but it remains below the key resistance level at 1.3277.

The GBPUSD pair is entering a consolidation range due to mixed political signals and a strong outlook for the US dollar.

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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]

Solana is on the verge of a major shake-up

SOLUSD continues its upward trajectory today after a correction, with the price currently at 77.75.

Technical outlook

On the H4 chart, SOLUSD formed a Shooting Star reversal pattern near the upper Bollinger Band. At this stage, quotes may form a corrective wave following this signal, with the pullback target at the 75.50 support level.

Large players continue to support Solana, thereby driving further growth.

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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 maintains upward momentum thanks to network development

DOGEUSD is strengthening its position thanks to the development of its own ecosystem, but the outflow of institutional capital is limiting further growth.

Technical outlook

The Dogecoin price is rising, but quotes remain below the EMA-65, indicating continued selling pressure. Today’s forecast for Dogecoin suggests the completion of the current bullish correction, followed by a renewed decline towards 0.06550.

The Dogecoin price forecast suggests the completion of the current bullish correction, followed by a decline towards 0.06550.

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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]

BTC is seizing the opportunity and rising: the market is ready to buy

The BTC price stood at 63,248 USD on Monday. Conditions for buyers are improving.

Technical outlook

On the hourly chart, BTC maintains its steady upward momentum after a confident rebound from the 57,800 area. The price is consistently forming higher lows and highs, having consolidated above 62,000.

The BTC price is rising due to a favourable external backdrop.

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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]

Gold (XAUUSD) has stabilised: the market is awaiting signals from the Fed

Gold (XAUUSD) is trading at 4,138 USD, with the market keen to see the details from the Federal Reserve minutes.

Technical outlook

On the XAUUSD H4 chart, after a strong recovery from the low near 4,029, growth slowed near the 4,205 resistance level. Quotes failed to consolidate above this mark and entered a sideways consolidation phase, hovering around 4,140.

Gold prices paused ahead of the release of the US Federal Reserve meeting minutes.

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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