Market Technical Analysis by RoboForex

[Vlad RF]

Bitcoin (BTCUSD) retains upside potential as geopolitical risks ease

Bitcoin (BTCUSD) continues to recover as global market sentiment improves, with the price currently at 65,471.

Technical outlook

BTCUSD has consolidated firmly above the upper boundary of the descending channel, indicating increased buying pressure. Today’s BTCUSD forecast suggests the upward momentum may continue towards 71,695 USD.

Today’s BTCUSD analysis indicates that buyers have the advantage.

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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 slips lower as the US dollar remains strong

The EURUSD pair has fallen to 1.1373, with markets awaiting the Federal Reserve’s decision

Technical outlook

On the H4 chart, the EURUSD rate remains in a downtrend, trading near 1.1374. The price is below the middle Bollinger Band and has moved close to the indicator’s lower boundary, confirming that sellers retain the advantage.

The EURUSD pair is declining amid expectations surrounding the Federal Reserve’s decision.

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

 

[Vlad RF]

Gold (XAUUSD) forced to retreat as the outlook turns bearish

Gold (XAUUSD) prices have fallen to 4,020 USD. The market is once again focused on oil and the Federal Reserve’s interest rate outlook.

Technical outlook

On the H4 chart, XAUUSD maintains a downward trajectory near 4,023, with prices hovering below the middle Bollinger Band and close to the indicator’s lower boundary, confirming that sellers have the upper hand.

Gold prices are declining due to rising oil prices and expectations surrounding the Federal Reserve.

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