Market Technical Analysis by RoboForex

[RoboForex Team]

USDJPY stuck in a range: weak dollar supports, rate outlook weighs

The USDJPY pair has fallen to 159.86. The range remains intact, but the yen is recovering some of its previous losses.

Technical outlook

On the H4 chart, the USDJPY pair remains range-bound, although the short-term momentum is shifting in favour of sellers. After another failed attempt to consolidate in the 159.50–159.80 area, the pair declined to 158.96 and approached the middle Bollinger Band.

The USDJPY pair remains range-bound but is edging lower within the range.

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

 

[RoboForex Team]

SOLUSD rises on institutional interest

SOLUSD is showing aggressive growth, strengthening confidently despite broader investor caution. The price currently stands at 103.34.

Technical outlook

SOLUSD price is attempting to consolidate above the upper boundary of the Triangle pattern. If the pattern boundary is broken confidently, today’s SOLUSD forecast suggests an upward wave with the nearest target at 117.05 USD.

The current rally in SOLUSD, driven by substantial institutional capital inflows into spot ETFs.

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