Market Technical Analysis by RoboForex

Bitcoin is recovering and preparing to test 66,500 USD

Bitcoin gained support after positive news on the conflict between the US and Iran, but the rise remains fragile for now. A breakout above the 66,500 USD level will open the way to 70,400 USD.

Technical outlook

Last week, on the H4 chart, BTCUSD quotes attempted to break above the 64,000 USD resistance level several times, and it was only over the weekend that they were able to overcome this level, driven by positive news from the Middle East.

The first important signal for BTCUSD will be a breakout above the 66,500 USD resistance level.

Read more - BTCUSD Forecast

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.

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The RoboForex Team

Ethereum (ETHUSD) needs a break: too much significant news

Ethereum (ETHUSD) is holding at 1,774 USD, with the market watching BitMine and the ecosystem.

Technical outlook

On the H1 chart, Ethereum maintains a confident uptrend following a strong momentum on 15 June. Quotes rose sharply from the 1,660–1,680 area to a local high near 1,840, after which the market moved into a correction phase.

Ethereum (ETHUSD) prices still have room to rise, provided certain conditions are met.

Read more - ETHUSD Forecast

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

XAUUSD consolidates near the key resistance at 4,365 USD

XAUUSD quotes remain under pressure after a series of strong gains as investors assess the outlook for Fed policy. Prices currently stand at 4,324 USD.

Technical outlook

XAUUSD quotes continue to move within a developing Triangle pattern. Despite the proximity of the key resistance level at 4,365 USD, selling pressure remains limited, while buyers are holding prices above the EMA-65.

The XAUUSD forecast for today suggests continued upward potential with a target at 4,505 USD.

Read more - Gold Forecast

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

Solana remains under pressure for the third session in a row

SOLUSD is continuing to decline today amid stronger pressure on risk assets and uncertainty over Fed policy. The current quote is 71.25.

Technical outlook

The price of Solana is continuing its corrective move and has approached the lower boundary of the bullish channel. Today’s forecast for Solana suggests a resumption of the upward impulse with a target at 80.30.

Despite short-term pressure and continuing uncertainty in the markets.

Read more - SOLUSD Forecast

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

EURUSD remains under pressure and may decline towards 1.1060

Weak eurozone data and the Fed’s hawkish stance continue to weigh on EURUSD. The main scenario provides for a break of support at 1.1410 and a further decline in the pair towards 1.1060.

Technical outlook

On the daily timeframe, EURUSD quotes are trading in a descending channel and are approaching the key support at 1.1410. The MACD indicator is in negative territory, which is increasing pressure on the pair.

Technical analysis of EURUSD points to the continuation of the downward trend and a possible further fall in the EURUSD rate.

Read more - EURUSD Forecast

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

Bitcoin at great risk if the Middle East does not calm down

The BTC price is falling towards 64,100 USD, with investors concerned about geopolitical uncertainty.

Technical outlook

On the hourly chart, BTCUSD continues to trade sideways after recovering from the local low around 62,200. In recent days, buyers managed to push quotes back above 64,000, but an attempt to consolidate above 64,500 ended in a correction.

The BTC price has fallen and then paused.

Read more - BTCUSD Forecast

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

Brent under pressure: sellers have the upper hand

Brent is trading near 77.60 USD. The market is pricing in the removal of part of the geopolitical premium and news from Hormuz.

Technical outlook

On the H4 chart, Brent remains in a downtrend after the sharp decline from the June highs near 97. After plunging into the 77–78 per barrel area, the market moved into a consolidation phase, but buyers have so far failed to form a stable recovery.

Brent prices remain under pressure as part of the geopolitical premium is removed.

Read more - Brent Forecast

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

XRPUSD is range-bound, but the baseline scenario is a decline

The XRPUSD price is holding steady at 1.1019. The market is keeping a close eye on the fundamental outlook, while the technical picture is moderate.

Technical outlook

On the H4 chart, XRPUSD remains under downward pressure after a sharp rise to a multi-week high near 1.2900 in mid-June. Subsequent attempts by buyers to hold the initiative failed, and the price gradually returned to the 1.1000–1.1100 area.

The XRPUSD price has stopped moving sharply and has entered a range.

Read more - XRPUSD Forecast

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

EURUSD looks weak: the sell-off is not over yet

The EURUSD pair paused at 1.1366, with today’s focus on the US PCE report.

Technical outlook

On the H4 chart, the EURUSD pair remains in a pronounced downtrend. After breaking below the 1.1433 support level, selling pressure increased, and quotes hit a local low near 1.1323.

The EURUSD pair fell to its lowest level in almost a year amid strong demand for the US dollar.

Read more - EURUSD Forecast

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

Dogecoin may continue rising to 0.08001 if resistance is broken

The fundamental backdrop for DOGEUSD remains negative, but technical signals point to the possibility of corrective growth. The main scenario suggests a break of 0.07501 and a move in the Dogecoin price towards 0.08001.

Technical outlook

DOGEUSD technical analysis for today shows a mixed picture. On the one hand, the MACD indicator remains in negative territory, pointing to the predominance of the downward trend. On the other hand, bullish convergence has formed between the price and the indicator, signalling possible growth in Dogecoin quotes towards 0.08001.

The fundamental backdrop for DOGEUSD remains negative.

Read more - DOGEUSD Forecast

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

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.

Read more - USDJPY Forecast

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

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.

Read more - ETHUSD Forecast

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

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.

Read more - GBPUSD Forecast

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