Daily Analysis By FXGlory

[FXGlory Ltd]

GBPUSD Daily Technical and Fundamental Analysis for 05.29.2025


Time Zone: GMT +3
Time Frame: 4 Hours (H4)


Fundamental Analysis:
Today's GBPUSD pair is expected to see heightened volatility due to key events in both the UK and US. GBP is likely to react significantly to speeches by BOE Governor Andrew Bailey and BOE Deputy Governor Sarah Breeden, who may offer clues about future interest rate decisions. Meanwhile, the USD faces multiple key economic releases, including GDP data, initial jobless claims, and speeches by Federal Reserve members Austan Goolsbee and Adriana Kugler, which could heavily influence USD valuation through shifts in monetary policy expectations and economic outlook.


Price Action:
On the GBPUSD H4 chart, the pair maintains a bullish long-term trend but has recently retraced after touching the upper Bollinger Band, now approaching the lower band. Current candlestick formations suggest short-term bearish momentum, reinforced by the Parabolic SAR dots positioned above the candles, indicating selling pressure. Traders should watch closely for potential reversals near key support levels.


Key Technical Indicators:
Bollinger Bands: GBP/USD recently touched the upper band and has swiftly reversed to test the lower band, signaling possible short-term bearish consolidation. Traders might anticipate volatility and potential rebounds from the lower Bollinger Band.
Parabolic SAR: The Parabolic SAR dots are currently placed above the candles, clearly signaling a bearish sentiment in the short term. Traders should consider this indication for potential continuation of downward momentum until a reversal occurs.
MACD (Moving Average Convergence Divergence): The MACD histogram is declining, indicating waning bullish momentum and a potential bearish crossover. This suggests that the selling pressure may increase in the near term, prompting traders to prepare for potential downward moves.
Williams %R: Currently at -87.17, Williams %R indicates an oversold condition. This oversold level typically hints at a potential upcoming reversal or at least a temporary bullish correction, advising caution for short traders.


Support and Resistance:
Support: Immediate support for GBP USD is located around the 1.3430 area, coinciding with the lower Bollinger Band and ascending trendline.
Resistance: The nearest resistance is observed at approximately 1.3485, aligning with recent price highs and the previous breakout level.


Conclusion and Consideration:
Technical indicators on the GBP-USD H4 chart currently reflect short-term bearish sentiment within a broader bullish trend. The market's response to today's key economic announcements and central bank speeches will be critical in determining the pair's next directional move. Traders should exercise caution due to expected volatility around the announcements.


Disclaimer: The analysis provided for GBP/USD is for informational purposes only and does not constitute investment advice. Traders are encouraged to perform their own analysis and research before making any trading decisions on GBPUSD. Market conditions can change quickly, so staying informed with the latest data is essential.


FXGlory
05.29.2025
 

[FXGlory Ltd]

EUR/USD Daily Technical and Fundamental Analysis for 05.30.2025


Time Zone: GMT +3
Time Frame: 4 Hours (H4)


Fundamental Analysis:
The EURUSD currency pair reflects market dynamics between the Euro (EUR) and the US Dollar (USD). Today, notable volatility is expected due to key economic data and speeches impacting both currencies. For the USD, significant events include speeches from FOMC members Mary Daly, Lorie Logan, and Raphael Bostic, along with critical economic releases like Core PCE Price Index, Personal Income, and the University of Michigan Consumer Sentiment report. For EUR, traders will closely monitor German and Eurozone CPI data and Retail Sales reports, which are essential indicators influencing monetary policy and inflation expectations.


Price Action:
EUR-USD price action analysis on the H4 timeframe shows bullish momentum. Recently, the EURUSD broke and successfully retested a crucial resistance level, now acting as support, signaling bullish continuation potential. Currently, the price is heading towards the next resistance level at 1.14052. If this resistance is breached convincingly, the price action may target the upper resistance trend line, enhancing bullish sentiment further.


Key Technical Indicators:
Bollinger Bands: Bollinger Bands show expanding volatility with the price currently trading near the upper band, indicating strong bullish momentum. Continued trading near the upper band suggests potential upward continuation but also calls for vigilance for potential short-term corrections.
Parabolic SAR: The Parabolic SAR indicator is below the price bars, confirming the bullish trend. It indicates continued bullish sentiment until the dots reverse position above the price.
RSI (Relative Strength Index): The RSI indicator is at 58.22, suggesting moderate bullish momentum without being in the overbought territory. There is room for further upside movement, supporting a potential rise toward resistance.
MACD (Moving Average Convergence Divergence): MACD histogram is positive and recently crossed above the signal line, confirming bullish momentum. This indicator suggests increased buying pressure, reinforcing bullish sentiment in the short term.
Awesome Oscillator: The Awesome Oscillator has recently shifted to a small positive value, highlighting a bullish reversal from previous bearish momentum. The oscillator supports current bullish price action, though continued monitoring is essential for confirmation.


Support and Resistance:
Support: Immediate support is located at 1.11849, which aligns with the recently retested significant support.
Resistance: The nearest resistance level is at 1.14052, which coincides with key horizontal resistance and recent price action highs.


Conclusion and Consideration:
The EURUSD H4 analysis indicates a bullish bias supported by technical indicators and confirmed by recent price action. Traders should monitor closely upcoming US and EU economic data and speeches, which could significantly affect volatility and the EURUSD pair’s trajectory. A break above 1.14052 may trigger further bullish momentum, aiming towards the upper resistance trend line. Traders should manage risk carefully due to potential volatility from today's news events.


Disclaimer: The analysis provided for EUR/USD is for informational purposes only and does not constitute investment advice. Traders are encouraged to perform their own analysis and research before making any trading decisions on EURUSD. Market conditions can change quickly, so staying informed with the latest data is essential.


FXGlory
05.30.2025
 

[FXGlory Ltd]

BTCUSD Daily Technical and Fundamental Analysis for 06.02.2025


Time Zone: GMT +3
Time Frame: 4 Hours (H4)


Fundamental Analysis:
Today, the USD is expected to experience significant volatility with multiple critical economic events and speeches. Federal Reserve speakers including Christopher Waller, Jerome Powell, Austan Goolsbee, and Lorie Logan are scheduled, potentially influencing USD through monetary policy hints. Additionally, key reports like the ISM Manufacturing PMI and Manufacturing Prices Paid Index will further affect the dollar's strength. For Bitcoin (BTC), the absence of specific events means it will largely follow technical cues and market sentiment impacted indirectly by USD movements.


Price Action:
BTC/USD price action analysis on the H4 timeframe shows a clear correction from its recent All-Time High (ATH). After failing at the first support level, BTC found support near the 104347 level, indicated by two recent bullish candles. Despite this support, BTCUSD remains vulnerable to further downside, with potential tests at 102830 and subsequently 98437. The observable divergence between price and oscillators highlights potential weakening in the current bullish momentum, warranting caution.


Key Technical Indicators:
Bollinger Bands: The Bollinger Bands have widened, reflecting increased volatility in BTC-USD. Price recently touched the lower band, signaling a possible short-term reversal or pause in the bearish correction.
Parabolic SAR: The indicator is bearish, with dots positioned above the current price candles, signifying a dominant bearish momentum in BTCUSD. Traders should monitor for a shift of dots below candles for potential bullish signals.
RSI (Relative Strength Index): The RSI at 42.22 is in neutral territory but leaning bearish, suggesting potential further downside in BTCUSD, although not yet oversold, leaving room for additional price declines.
MACD (Moving Average Convergence Divergence): The MACD histogram shows decreasing bearish momentum, with bars shortening, indicating a possible weakening in selling pressure. Traders should watch for a bullish crossover as a reversal signal.
Stochastic Oscillator: Currently at 35.37, the Stochastic Oscillator indicates bearishness, not yet oversold, suggesting possible continuation downward before any meaningful bullish reversal occurs.


Support and Resistance:
Support: Immediate support at 104347, further downside supports at 102830 and crucial support at 98437.
Resistance: Immediate resistance at 105410, followed by 108530, with stronger resistance around 109308.


Conclusion and Consideration:
The BTC-USD pair on the H4 timeframe indicates continued bearish pressure amid recent correction dynamics from its ATH. Although technical indicators like MACD and RSI suggest weakening bearish momentum, key supports remain critical to watch closely. Traders should prepare for heightened volatility driven by today's extensive USD economic news and Federal Reserve speeches. Caution is advised due to possible sudden market shifts influenced by macroeconomic developments.


Disclaimer: The analysis provided for BTC/USD is for informational purposes only and does not constitute investment advice. Traders are encouraged to perform their own analysis and research before making any trading decisions on BTCUSD. Market conditions can change quickly, so staying informed with the latest data is essential.


FXGlory
06.02.2025

 

[FXGlory Ltd]

USD/JPY Daily Technical and Fundamental Analysis for 06.03.2025


Time Zone: GMT +3
Time Frame: 4 Hours (H4)


Fundamental Analysis:
Today's USD-JPY currency pair will be influenced by significant economic events impacting both USD and JPY. The upcoming U.S. JOLTS Job Openings and Manufacturing Orders data can introduce volatility due to their implications for employment trends and manufacturing activity, respectively. Additionally, multiple speeches by Federal Reserve officials today may further influence market expectations regarding future monetary policy. Concurrently, JPY traders will closely monitor BOJ Governor Kazuo Ueda's remarks for potential shifts in Japan's monetary policy, impacting the Yen significantly.


Price Action:
Analyzing the USDJPY H4 chart reveals that the pair has approached its ascending support line, indicating a crucial test of price stability. If the price obtains support at the current level, it could likely initiate another upward move, aiming to retest the daily resistance line previously breached. The weakened downtrend observed recently could signal the potential initiation of a bullish reversal upon breaking this key resistance.


Key Technical Indicators:
Ichimoku Cloud: The price is positioned below the Ichimoku cloud, which indicates a prevailing bearish sentiment. However, the narrowing span of the cloud suggests possible trend exhaustion, with potential for bullish momentum if price moves upwards through the cloud.
MACD: MACD is below the signal line and in negative territory, highlighting current bearish momentum. Nevertheless, decreasing histogram bars suggest weakening bearish momentum, potentially signaling a bullish divergence soon.
Parabolic SAR: The Parabolic SAR indicator remains above the price, underscoring a bearish bias. However, its proximity to price action indicates a potential switch soon if bullish pressure emerges.
%R (Williams %R): The %R indicator at -92.61 indicates oversold conditions, suggesting the price could soon experience a corrective rally or upward momentum.
Volume: Recent volume bars demonstrate relatively stable volume levels without significant spikes. A notable volume increase coinciding with bullish price action would strongly support a trend reversal.


Support and Resistance Levels:
Support: Immediate support is around the 142.650 level, aligning with the ascending trendline visible on the H4 chart.
Resistance: The key resistance is positioned near the 144.250 level, aligning with the daily resistance line and previous high points.


Conclusion and Consideration:
The USD/JPY analysis on the H4 timeframe shows the pair at a crucial support level with indications of weakening bearish momentum. Technical indicators such as Ichimoku Cloud, MACD, and Williams %R point toward a potential reversal scenario. Traders should remain vigilant to upcoming economic data releases and central bank speeches today, as these events could introduce volatility and alter market sentiment significantly. Always ensure risk management protocols are in place.


Disclaimer: The analysis provided for USD/JPY is for informational purposes only and does not constitute investment advice. Traders are encouraged to perform their own analysis and research before making any trading decisions on USDJPY. Market conditions can change quickly, so staying informed with the latest data is essential.


FXGlory
06.03.2025

 

[FXGlory Ltd]

AUDUSD Daily Technical and Fundamental Analysis for 06.04.2025

 

Time Zone: GMT +3
Time Frame: 4 Hours (H4)

Fundamental Analysis:
Today, the AUDUSD pair is set for a dynamic trading session amid mixed economic data and key events. Early in the Asian session, Australia's GDP q/q figure is released, showing a modest 0.4% growth against an expected 0.6%, potentially weighing on the AUD. Meanwhile, the USD faces several critical reports and speeches that could drive volatility, including the ADP Non-Farm Employment Change, which came in stronger than forecast at 111K versus 62K, possibly boosting the greenback. FOMC members Bostic and Cook are also scheduled to speak, with market participants watching closely for any monetary policy signals. Later in the day, the USD Final Services PMI held steady at 52.3, while the ISM Services PMI rose to 52.0, above expectations, and Crude Oil Inventories showed a slight drawdown. The release of the Fed’s Beige Book in the evening will provide further insights into economic conditions, keeping USD traders alert. Overall, AUDUSD will likely react to a blend of Australian growth data and US employment and service sector reports.

 

Price Action:
AUD/USD price action analysis on the H4 timeframe reveals a prolonged period of sideways consolidation between the resistance at approximately 0.65142 and support near 0.64035. The pair has tested these levels multiple times, showing indecision in the market. The Ichimoku Cloud indicates a mixed sentiment with price hovering around the Kijun-Sen (blue line) and Tenkan-Sen (red line), while the cloud itself is relatively flat, confirming the sideways trend. The MACD histogram shows minimal momentum with a close-to-zero reading, reflecting the lack of strong directional bias. A decisive break above the 0.65142 resistance could trigger a bullish move targeting the next resistance at 0.65366, whereas failure to break higher might see the pair retesting support levels around 0.64035 and possibly 0.63558.

Key Technical Indicators:
Ichimoku Cloud: The Ichimoku Cloud shows a flat and narrow formation, indicating consolidation and indecision in the AUD/USD market. The price is hovering around the Tenkan-Sen (red line) and Kijun-Sen (blue line), suggesting no clear trend direction. The cloud ahead is thin and slightly bullish, hinting at potential for a breakout but with cautious momentum.
MACD (Moving Average Convergence Divergence): The MACD histogram is close to the zero line with small bars, reflecting very weak momentum and a lack of strong directional bias. The MACD line and signal line are nearly converged, indicating the market is in a neutral state, and traders should watch for a clear crossover to signal a potential trend shift.

Support and Resistance:
Support: Immediate support at 0.64035, with further downside support levels at 0.63558 and a crucial support zone near 0.63300.
Resistance: Immediate resistance at 0.65142, followed by a higher resistance level at 0.65366.

 

Conclusion and Consideration:
In conclusion, the AUD/USD pair is poised for a cautious trading session influenced by mixed Australian GDP data and stronger-than-expected US employment figures, alongside key speeches and reports that could sway market sentiment. Technically, the pair remains in a consolidation phase with limited momentum, as reflected by the Ichimoku Cloud and MACD indicators, signaling indecision and a lack of clear direction. Traders should watch closely for a breakout above the 0.65142 resistance to confirm a bullish shift, or a breakdown below 0.64035 support that could open the way for further declines. Overall, the interplay of fundamental catalysts and technical consolidation suggests that volatility may increase, but clear directional cues are yet to emerge.

Disclaimer: The analysis provided for AUD/USD is for informational purposes only and does not constitute investment advice. Traders are encouraged to perform their own analysis and research before making any trading decisions on AUDUSD. Market conditions can change quickly, so staying informed with the latest data is essential.

FXGlory
06.04.2025
 

[FXGlory Ltd]

EUR/GBP H4 Technical and Fundamental Analysis for 06.05.2025

 

Time Zone: GMT +3
Time Frame: 4 Hours (H4)

Fundamental Analysis:
The EUR-GBP currency pair is impacted by a series of economic releases and central bank statements. For the Euro (EUR), there are several key reports due today, including industrial orders and retail sales data, which can provide insight into economic activity and consumer spending within the Eurozone. Positive data could strengthen the EUR against the GBP. On the other hand, the GBP may face volatility with key figures such as BOE members scheduled to speak, including Megan Greene and Sarah Breeden, both of whom may drop hints regarding future monetary policies. These events are crucial as they provide insights into potential rate changes or economic outlooks, impacting the value of the British Pound.

Price Action:
The EURGBP pair has recently shown signs of potential bullish reversal after breaking the downward trend line. The price action has formed a higher low, reinforcing the possibility of an uptrend beginning. The pair is currently testing a significant resistance zone, marked by daily resistance levels. The reaction to this level will be pivotal, and if the price manages to break through, further upside potential exists towards the resistance line. The divergence between recent lows also adds to the credibility of this analysis, suggesting that the momentum is shifting in favor of the bulls.

Key Technical Indicators:
Bollinger Bands: The Bollinger Bands are relatively tight, signaling that the market may be entering a consolidation phase before a potential breakout. The price action has recently moved within the upper half of the bands, indicating bullish momentum. A breakout from the upper Bollinger Band could propel the EURGBP to higher levels, especially if the market manages to clear the resistance zone.
Parabolic SAR: The Parabolic SAR has flipped bullish, with dots now appearing below the price action. This is a clear signal of potential upward momentum. The alignment of the SAR with the higher lows strengthens the case for further upward movement, and traders will be looking for the dots to continue staying below the price, confirming the bullish trend.
RSI (Relative Strength Index): The RSI is currently at 53.31, indicating neutral conditions. It is not in the overbought or oversold zones, suggesting that there is still room for price movement in either direction. A rise in RSI above 60 could further confirm bullish continuation, while a dip below 30 might indicate a deeper retracement or a reversal.
MACD (Moving Average Convergence Divergence): The MACD line is slightly above the signal line, indicating positive momentum. However, the histogram is very close to zero, signaling that bullish momentum might be weakening. A widening gap between the MACD line and the signal line would confirm stronger upward momentum. Traders should watch for a potential bullish crossover in the near term for confirmation of continued strength.

Support and Resistance:
Support: Immediate support lies at 0.83400, which aligns with recent price action and the lower boundary of the trend. A break below this level would suggest further downside potential.
Resistance: The key resistance level is found around 0.84350, which has been a persistent barrier. This level coincides with both a recent high and the daily resistance, making it a crucial area to watch for any breakout or rejection.

Conclusion and Consideration:
The EUR/GBP pair is poised for a potential uptrend, with key indicators such as the Parabolic SAR, Bollinger Bands, and price action suggesting bullish momentum. A successful breakout above the resistance at 0.84350 could lead to a test of higher levels. However, traders should be mindful of the neutral RSI and the MACD histogram's lack of significant momentum, which implies caution. Upcoming economic events for both the Eurozone and the UK, including retail sales and central bank speeches, could introduce volatility, influencing short-term price movements.

Disclaimer: The analysis provided for EUR/GBP is for informational purposes only and does not constitute investment advice. Traders are encouraged to perform their own analysis and research before making any trading decisions on EURGBP. Market conditions can change quickly, so staying informed with the latest data is essential.

FXGlory
06.05.2025

[FXGlory Ltd]

USD/CAD H4 Technical and Fundamental Analysis for 06.06.2025


Time Zone: GMT +3
Time Frame: 4 Hours (H4)


Fundamental Analysis:
The USD-CAD pair is sensitive today due to several significant news releases. USD traders are attentive to the upcoming Non-Farm Payrolls, Unemployment Rate, Employment Cost Index, and Consumer Credit data, critical indicators affecting inflation and employment health. Positive labor market figures and increased consumer credit could strengthen the USD, potentially pushing USDCAD upwards. CAD traders are waiting for employment figures from Canada, releasing on July 11, which might keep today's movements influenced by USD dynamics primarily.


Price Action:
The USDCAD H4 chart shows a clear downtrend, recently testing its support level and moving upwards to retest its descending trendline resistance. The price could face significant resistance here; breaking above this trendline would indicate potential initiation of a new upward trend. Traders must remain cautious and await confirmation of a break above the resistance line to establish any bullish position.


Key Technical Indicators:
Parabolic SAR: The indicator dots are currently above the price, suggesting bearish momentum. Traders should wait for the dots to shift below price levels, signaling a potential reversal towards a bullish bias.
RSI: Currently at 38.51, the RSI indicates a mildly bearish sentiment. However, it's not yet oversold, allowing for potential downward continuation or eventual upward momentum if a reversal is signaled by price action.
MACD: The MACD histogram is slightly negative, indicating current bearish momentum. Traders should monitor closely for a crossover of the MACD line above the signal line to identify a possible bullish reversal.
Stochastic Oscillator: Currently at 75.03, showing a potentially overbought condition. This suggests caution, as the price could face downward pressure in the short term unless bullish momentum intensifies significantly to confirm an upward breakout.


Support and Resistance:
Support: Immediate support is found at 1.3627, a crucial level that recently stopped the price's downward momentum.
Resistance: Immediate resistance stands at the descending trendline, currently around 1.3700, which is critical for potential trend reversal confirmation.


Conclusion and Consideration:
The USD/CAD H4 remains bearish but faces a critical test at its descending trendline resistance. Technical indicators suggest caution, with the potential for a trend reversal pending confirmation. Fundamental news releases today significantly influence USD strength, warranting close monitoring. Traders should wait for clear breakout confirmations before entering positions.


Disclaimer: The analysis provided for USD/CAD is for informational purposes only and does not constitute investment advice. Traders are encouraged to perform their own analysis and research before making any trading decisions on USDCAD. Market conditions can change quickly, so staying informed with the latest data is essential.


FXGlory
06.06.2025