Market Technical Analysis by RoboForex

[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

 

[RoboForex Team]

Solana is on the verge of a major shake-up

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.

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

 

[RoboForex Team]

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.

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

 

[RoboForex Team]

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.

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