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.
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 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.
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 (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.
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) 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.
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.
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.
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 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.
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 (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.
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 (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.
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 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.
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.
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.
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.
