Technical Analysis by RoboForex

[Vlad RF]

Brent rises on concerns over oil supply stability

Brent prices maintain upward momentum amid rising geopolitical risks and an improving technical picture, currently standing at 83.26 USD.

Technical outlook

Brent quotes have confidently consolidated above the upper boundary of the descending channel, indicating a change in market sentiment in favour of buyers. Price consolidation above the EMA-65, which is now acting as dynamic support, further confirmed the strengthening upward momentum.



Fundamental factors and the improving technical picture continue to support the uptrend in Brent.

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

 

[Vlad RF]

EURUSD gets a boost as weak US inflation hits the dollar

The US CPI, which came in below the previous figure, provided support for the euro. The EURUSD rate is testing the 1.1440 level.

Technical outlook

On the H4 chart, the EURUSD pair formed a Harami reversal pattern near the lower Bollinger Band. At this stage, the price may continue its upward wave following the signal received, with the upside target at the 1.1480 resistance level.



Fundamental analysis for 15 July is favourable for the euro, as the USD has lost some of its support following a decline in US inflation.

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

 

[Vlad RF]

Gold (XAUUSD) remains under pressure despite weak US inflation

XAUUSD quotes are correcting after testing a key resistance level, while market participants assess the impact of slowing US inflation. Prices currently stand at 4,032 USD

Technical outlook

XAUUSD quotes continue to consolidate within a Triangle pattern, remaining below the EMA-65, indicating that sellers have the upper hand. The baseline XAUUSD forecast for today suggests a downward momentum, with the nearest target at 3,945 USD.



In the short term, XAUUSD remains under pressure, as quotes continue to trade below the EMA-65 and remain within the bearish Triangle pattern.

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

 

[Vlad RF]

USDJPY: optimism persists

The USDJPY pair is trading at 162.38, with the yen coming under pressure from many factors.

Technical outlook

On the H4 chart, the USDJPY pair is trading around 162.38 and retains a moderately upward bias after recovering from the 161.95 area. Quotes are holding above the middle Bollinger Band, although the attempt to consolidate above 162.50 has not yet continued.



The USDJPY pair remains bullish.

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

 

[Vlad RF]

Bitcoin (BTCUSD) may rise, but it needs more support

Bitcoin (BTCUSD) climbed to 64,772 USD. The market is keeping a close eye on external developments and the US bill to create reserves.

Technical outlook

On the hourly chart, Bitcoin is recovering after falling to the 62,400–62,800 area and is now trading around 64,770. The price is holding above the middle Bollinger Band and is again approaching the upper boundary of the indicator, signalling continued local demand.



The Bitcoin price is attempting to rise, but consolidation remains the baseline scenario.

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

 

[Vlad RF]

Ethereum (ETHUSD) gains bullish momentum thanks to shrinking supply

The ETHUSD rate is maintaining positive momentum amid rising investor demand and renewed interest in Ethereum, with the price currently at 1,925.

Technical outlook

ETHUSD is testing the upper boundary of the descending channel, with the price already consolidating above the upper boundary of the Double Bottom reversal pattern. This trend indicates stronger buying activity and increases the likelihood of continued upward momentum.



The ETHUSD forecast for today remains positive, while the key factor for further movement will be buyers’ ability to overcome the 1,945 USD resistance level.

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

 

[Vlad RF]

XRP (XRPUSD) is under pressure, but only temporarily

The XRP (XRPUSD) price has pulled back to 1.1310. The token is following the broader trend, but its own news flow remains positive.

Technical outlook

On the XRPUSD H4 chart, the price is correcting after a sharp rise towards the 1.1500–1.1600 area and is currently trading near 1.1310. The price has pulled back from the upper Bollinger Band but is holding above the indicator's middle line.



The XRP price has temporarily declined, but the overall outlook remains positive.

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

 

[Vlad RF]

SOLUSD awaits the Clarity Act decision

SOLUSD is forming a corrective wave today as markets await a decision on the Clarity Act in the US Senate. The SOLUSD price currently stands at 77.00.

Technical outlook

On the SOLUSD H4 chart, the price formed a Shooting Star reversal pattern near the upper Bollinger Band. At this stage, quotes may continue their corrective wave as the signal plays out, with the pullback target at the 74.25 support level.



The inclusion of SOL in the new S&P Pantera Digital Asset Index alongside Ethereum and BNB.

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

 

[Vlad RF]

Dogecoin (DOGEUSD) fears the future as tensions mount

The Dogecoin price has paused at 0.0690 USD. Market sentiment has become more challenging.

Technical outlook

The hourly DOGEUSD chart maintains a pronounced downtrend following a sharp fall from the 0.0723–0.0730 area. The price is currently consolidating near 0.0691 at the lower Bollinger Band, indicating continued selling pressure, but also a slowing decline.



The Dogecoin price declined, stabilised, and is now poised to react to news.

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