Article By RoboForex.com
BTCUSD, “Bitcoin vs US Dollar”
As we can see in the H4 chart, BTCUSD continues updating its all-time highs without even thinking of starting any pullbacks. After breaking the post-correctional extension area between 138.2% and 161.8% fibo at 47080.00 and 50213.00 respectively with confidence, the asset has fixed above it. The next upside target is 261.8% fibo at 63300.00. The support is at 42017.50. At the same time, there is a divergence on MACD, which may hint at a quick and deep pullback.
The H1 chart shows a local divergence but the pair may yet reach 55000.00 in the nearest future. however, if the price fails to break the high at 52645.02, the asset may start a new pullback towards 23.6%, 38.2%, 50.0%, and 61.8% fibo at 47130.00, 43700.00, 40950.00, and 38190.00 respectively.
Free Reports:
Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks Newsletter
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
ETHUSD, “Ethereum vs. US Dollar”
The H4 chart shows a stable uptrend, which, after breaking the fractal high at 1421.10, is heading towards the post-correctional extension area between 138.2% and 161.8% fibo at 1930.80 and 2247.65 respectively. However, there is a divergence on MACD, which may hint at a new correctional downtrend.
As we can see in the H1 chart, the pair is about to test the post-correctional extension area between 138.2% and 161.8% fibo at 1951.50 and 2000.16 respectively. The local support is the fractal low at 1666.75.
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
- The Central Bank of Mexico kept its interest rate unchanged. Iran plans to introduce strict bans for US and Israeli vessels in the Strait of Hormuz Aug 7, 2026
- USD/JPY Holds Firm: Yen Loses Some Support Aug 7, 2026
- Australian trade balance returned to positive territory Aug 6, 2026
- Results in Line for Most Reporting Companies Aug 5, 2026
- Stock indices continue to break records. Oil is falling amid intensified diplomatic dialogue between the US and Iran Aug 5, 2026
- USD/JPY Holds Steady After Intervention: Outlook Remains Uncertain Aug 5, 2026
- EUR/USD: Busy Week Ahead Aug 3, 2026
- Positive sentiment in the AI sector supported stock indices. Oil prices remain volatile Aug 3, 2026
- The Tech‑heavy NASDAQ Index jumped by more than 3.3%. The offshore yuan is trading at its highest level since 2023 Jul 31, 2026
- USD/JPY After Volatility: Multiple Events in One Day Jul 31, 2026
