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.
Dogecoin maintains upward momentum thanks to network development
DOGEUSD is strengthening its position thanks to the development of its own ecosystem, but the outflow of institutional capital is limiting further growth.
Technical outlook
The Dogecoin price is rising, but quotes remain below the EMA-65, indicating continued selling pressure. Today’s forecast for Dogecoin suggests the completion of the current bullish correction, followed by a renewed decline towards 0.06550.
The Dogecoin price forecast suggests the completion of the current bullish correction, followed by a decline towards 0.06550.
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.
BTC is seizing the opportunity and rising: the market is ready to buy
The BTC price stood at 63,248 USD on Monday. Conditions for buyers are improving.
Technical outlook
On the hourly chart, BTC maintains its steady upward momentum after a confident rebound from the 57,800 area. The price is consistently forming higher lows and highs, having consolidated above 62,000.
The BTC price is rising due to a favourable external backdrop.
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) has stabilised: the market is awaiting signals from the Fed
Gold (XAUUSD) is trading at 4,138 USD, with the market keen to see the details from the Federal Reserve minutes.
Technical outlook
On the XAUUSD H4 chart, after a strong recovery from the low near 4,029, growth slowed near the 4,205 resistance level. Quotes failed to consolidate above this mark and entered a sideways consolidation phase, hovering around 4,140.
Gold prices paused ahead of the release of the US Federal Reserve meeting minutes.
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 on the verge of collapse, CASP licence not enough to save it
The XRPUSD price continues to decline today despite positive news regarding the CASP licence. The current quote is 1.0847 USD.
Technical outlook
On the H4 chart, XRPUSD formed a Shooting Star reversal pattern near the upper Bollinger Band. At this stage, quotes may continue their corrective wave following the signal, with the downside target at the 1.0450 support level.
After testing the 1.1817 level, the XRP price continues to fall despite positive news regarding licensing in the EU.
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 climbed to 79 USD, with all eyes on the Strait of Hormuz and the new escalation of the conflict.
Technical outlook
On the H4 chart, Brent crude maintains strong upward momentum after confidently breaking out of the 70.50–74.90 range. Quotes quickly broke through several resistance levels and rose to the 78.50–79.00 area, where growth temporarily slowed.
Brent prices are rising due to a new round of conflict in the Middle East.
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 Fed vs the BoJ: who will win the battle for the USDJPY rate
The yen is once again attempting to recover after losing ground against the USD, with the USDJPY rate currently at 161.70.
Technical outlook
On the H4 chart, the USDJPY pair has formed a Shooting Star reversal pattern near the upper Bollinger Band and is trading around 161.65. Since the price remains within an ascending channel, it may continue its corrective wave following the pattern signal, with the downside target at 161.30.
The yen continues its struggle against the USD and is once again attempting to strengthen without waiting for intervention from the Japanese government.
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.
BTC trapped: USD, oil, and the Fed are putting pressure on cryptocurrencies
After another attempt to regain ground, the BTCUSD price is forming a correction and is hovering around 63,000 USD.
Technical outlook
On the H4 chart, BTCUSD formed a Shooting Star reversal pattern near the upper Bollinger Band. At this stage, quotes may continue the corrective wave as the signal plays out, with the downside target at the 61,730 support level.
Today’s Bitcoin price forecast is not favourable for the cryptocurrency.
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 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.
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 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.
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.
