Market Technical Analysis by RoboForex

[RBFX Support]

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

[RBFX Support]

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

[RBFX Support]

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.

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