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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
