FXGlory Ltd Posted February 13 Author Share Posted February 13 GBPUSD H4 Technical and Fundamental Analysis for 02.13.2025 Time Zone: GMT +2 Time Frame: 4 Hours (H4) Fundamental Analysis: The GBPUSD pair is poised for volatility due to several key economic releases today. For the British Pound (GBP), the RICS Housing Price Balance report could influence market sentiment as it serves as an early indicator of housing inflation trends. Additionally, upcoming GDP, Construction Output, Trade Balance, and Industrial Production reports in the following days will further shape market expectations regarding the UK economy. On the US Dollar (USD) side, a press conference by US President Donald Trump and a speech by Federal Reserve Governor Christopher Waller about stablecoins could introduce significant market movement. Additionally, US Producer Price Index (PPI) data is scheduled, serving as a leading indicator of inflation. The combination of UK economic reports and US policy discussions may drive volatility in the GBPUSD pair, making price action highly reactive to today’s scheduled events. Price Action: On the GBPUSD H4 chart, the price has been fluctuating between Fibonacci retracement levels, indicating a mix of bullish and bearish pressure. Recently, a bullish recovery has been observed as the GBP/USD price approaches a key resistance level. The market sentiment suggests buyers are attempting to push the price higher, though a strong breakout is required to confirm further upside momentum. Candlestick formations suggest increased volatility, with recent wicks showing both buying and selling pressure. Key Technical Indicators: Bollinger Bands: The price recently touched the upper Bollinger Band and pulled back slightly, suggesting resistance at this level. Currently, the price is once again moving closer to the upper band, indicating a potential continuation of the bullish momentum. If the GBP USD price breaks above the band with high volume, it could signal an expansion in volatility and further upside movement. Parabolic SAR: The Parabolic SAR dots (aqua-colored) are positioned below the candles, indicating an ongoing bullish trend. The consecutive SAR dots below price action provide confirmation that buyers are in control. However, if the dots shift above the GBP-USD price, it may signal a reversal or a period of consolidation. MACD (Moving Average Convergence Divergence): The MACD histogram is currently positive, indicating bullish momentum. The MACD line is above the signal line, suggesting continued upward pressure. However, the momentum appears moderate, meaning traders should monitor for any signs of divergence or a bearish crossover that could indicate a potential reversal. Support and Resistance Levels: Support: The nearest support level is at 1.2340, aligning with the 61.8% Fibonacci retracement level, which has acted as a strong demand zone. Resistance: The key resistance level is at 1.2490, where the price has faced rejection multiple times. A breakout above this level could open the door for further upside movement. Conclusion and Consideration: The GBPUSD H4 analysis suggests bullish momentum, supported by Bollinger Bands, Parabolic SAR, and MACD indicators. However, resistance at 1.2490 remains a key hurdle for further price appreciation. With important UK and US economic data releases today, traders should expect increased volatility. A break above resistance could confirm further bullish momentum, while failure to do so may result in a pullback towards key support levels. 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 02.13.2025 Link to comment Share on other sites More sharing options...
FXGlory Ltd Posted February 17 Author Share Posted February 17 BTCUSD H4 Technical and Fundamental Analysis for 02.17.2025 Time Zone: GMT +2 Time Frame: 4 Hours (H4) Fundamental Analysis: Bitcoin (BTC) is currently experiencing potential volatility due to USD-related events. The U.S. market will have low liquidity today as banks remain closed for Presidents' Day, which typically results in irregular volatility as institutional traders step aside, leaving room for speculative price swings. Additionally, speeches from Federal Reserve officials Patrick Harker and Michelle Bowman could provide insights into future U.S. monetary policy. A hawkish stance may strengthen the USD, adding bearish pressure on BTC USD, while a dovish tone could support risk assets like Bitcoin. Traders should remain cautious as thin liquidity can lead to unexpected price spikes or rapid moves in either direction. Price Action: BTCUSD on the H4 timeframe is currently experiencing a bearish move after facing resistance at the 50% Fibonacci retracement level, leading to a sharp decline that has already broken below the 61.8% Fibonacci level. The price has moved from the upper Bollinger Band to the middle band and is now trending downward toward the lower band, signaling increased bearish pressure. If the price fails to hold above key support levels, further downside movement toward the lower Bollinger Band and the next Fibonacci support zones is likely. Key Technical Indicators: Bollinger Bands: The Bollinger Bands indicate that BTCUSD has moved downward from the upper band toward the middle band and is now attempting to break lower. This suggests that selling pressure is increasing, with a potential test of the lower Bollinger Band in the coming sessions. A confirmed break below the lower band could signal further bearish continuation, while a bounce from this area might indicate temporary consolidation before the next move. MACD (Moving Average Convergence Divergence): The MACD histogram is showing strong bearish momentum, with the MACD line below the signal line, confirming a downside bias. The increasing separation between the MACD and signal lines suggests that selling pressure is still dominant. If the bearish momentum continues to grow, Bitcoin may extend losses toward key support levels. However, a weakening histogram could indicate that the downside move is slowing, signaling possible consolidation or reversal. RSI (Relative Strength Index): The RSI is currently at 45.76, reflecting bearish sentiment but not yet reaching oversold conditions. This indicates that BTC/USD still has room to move lower before a potential reversal. If the RSI drops below 30, it would signal an oversold scenario, potentially triggering a short-term price correction. Until then, the bearish outlook remains intact, with a downward trend likely to persist in the near term. Support and Resistance: Support: The nearest support level is at $94,877, with a stronger support zone at $94,177, aligning with previous key price action areas. Resistance: The immediate resistance level is at $97,183, with the next major resistance at $98,866, near the 50% Fibonacci retracement level. Conclusion and Consideration: BTCUSD on the H4 chart is currently in a bearish phase, as indicated by the break below the 61.8% Fibonacci level, declining MACD momentum, and RSI trending lower. The price movement from the upper Bollinger Band toward the lower band confirms the increasing selling pressure, with a high probability of further downside unless key support levels hold. With low liquidity due to the U.S. bank holiday, traders should be prepared for irregular volatility and possible sharp movements. Additionally, the upcoming speeches from Federal Reserve officials could provide unexpected market catalysts, influencing Bitcoin’s price action in correlation with USD movements. Caution is advised, and traders should employ proper risk management strategies while monitoring key levels for potential trade setups. 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 02.17.2025 Link to comment Share on other sites More sharing options...
FXGlory Ltd Posted February 19 Author Share Posted February 19 AUDUSD H4 Technical and Fundamental Analysis for 02.19.2025 Time Zone: GMT +2 Time Frame: 4 Hours (H4) Fundamental Analysis: The AUD/USD currency pair is currently influenced by several key fundamental factors. The US Dollar's strength remains in focus as traders await the latest Building Permits and Housing Starts data from the US Census Bureau, which serve as leading indicators for economic activity and construction demand. A stronger-than-expected release could support the USD and apply downward pressure on AUD/USD. Meanwhile, Australia’s economic outlook is shaped by the Melbourne Institute Leading Index and the Wage Price Index, which provide insight into economic growth and inflation trends. If these indicators reflect economic resilience, the AUD could find support. Additionally, market participants will be closely monitoring RBNZ Governor Adrian Orr’s testimony, as any hawkish tone on interest rates could impact risk sentiment and commodity-linked currencies like the AUD. Price Action: On the H4 chart, AUD-USD has been in an uptrend following a Morning Star candlestick pattern at the ascending trendline support. The price has reached a key resistance level and is now undergoing a correction. This pullback could extend to Zone 1, where buyers may re-enter the market before the next upward move. The presence of higher highs and higher lows suggests that the overall trend remains bullish unless there is a confirmed break below key support. Key Technical Indicators: RSI (Relative Strength Index): The RSI is currently around 57.17, showing a possible divergence. This suggests a weakening bullish momentum, although it has not yet entered overbought conditions. A drop below 50 could indicate further downside correction. MACD (Moving Average Convergence Divergence): The MACD histogram is declining, and the signal line is showing signs of a potential bearish crossover. This indicates that while the bullish trend is still intact, buying momentum is decreasing, and further correction could be expected before a continuation of the uptrend. Stochastic Oscillator: The stochastic is currently at 38.17, pointing downward. This suggests that the price could continue to correct in the short term before finding renewed buying interest at key support levels. Support and Resistance: Support: Immediate support is located at 0.6280, which aligns with the lower boundary of the ascending trendline and a key demand zone. Another support level is found at 0.6350, marking a previous breakout zone and price consolidation area. Resistance: The nearest resistance level is at 0.6370, where the price is currently consolidating. If bullish momentum persists, the next major resistance level is at 0.6400, which coincides with recent highs and an important psychological barrier. Conclusion and Consideration: The AUD/USD pair on the H4 chart continues to maintain its bullish structure but faces a short-term correction phase. Traders should monitor Zone 1 for potential bullish re-entry opportunities. A break below 0.6350 could trigger further downside movement, while a breakout above 0.6370 would confirm the continuation of the uptrend. Given upcoming economic releases, volatility is expected. Traders should watch for USD strength or weakness following the US Building Permits and Housing Starts data, as well as Australian economic reports that may influence the AUD. Disclaimer: The analysis provided for AUDUSD 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 AUD/USD. Market conditions can change quickly, so staying informed with the latest data is essential. FXGlory 02.19.2025 Link to comment Share on other sites More sharing options...
FXGlory Ltd Posted February 20 Author Share Posted February 20 GOLDUSD H4 Technical and Fundamental Analysis for 02.20.2025 Time Zone: GMT +2 Time Frame: 4 Hours (H4) Fundamental Analysis: Gold (XAU/USD) is trading near all-time highs as global market sentiment remains cautious. Today, several high-impact USD news events could influence gold prices. US President Donald Trump’s speech at the FII Priority Summit in Miami may provide insights into economic policies that could impact the dollar’s strength. Additionally, Federal Reserve Governor Philip Jefferson's speech on household balance sheets and initial jobless claims data will shape expectations for future interest rate decisions. If the Federal Reserve adopts a hawkish tone, gold could face downward pressure due to a stronger USD. Conversely, weaker jobless claims or a dovish Fed stance could support gold prices as investors seek safe-haven assets. Traders should also monitor the Philadelphia Fed Business Outlook Survey, which may offer clues about US economic conditions, further impacting gold's direction. Price Action: The GOLDUSD H4 chart exhibits a strong bullish trend, with prices moving within the upper half of the Bollinger Bands. Despite minor retracements, the price remains within an upward structure, suggesting ongoing buyer dominance. A key observation is that the recent pullback has been shallow, indicating that bulls still control the market. If the price sustains above the middle Bollinger Band, further upside movement is likely. However, a breakdown below this level may trigger a deeper correction. Key Technical Indicators: Bollinger Bands: The price is currently moving between the middle and upper bands, attempting to reach the upper band again. The overall trend remains bullish, with gold maintaining its strength after breaking multiple all-time highs (ATHs) in recent months. RSI (Relative Strength Index): The RSI is hovering near 59, suggesting that the market remains in bullish territory but is not yet overbought. This indicates that there is still room for further price appreciation before reaching extreme levels. MACD (Moving Average Convergence Divergence): The MACD histogram is expanding, with the MACD line positioned above the signal line. This suggests increasing bullish momentum, reinforcing the strength of the uptrend. However, traders should watch for potential divergence, which could indicate a slowdown in momentum. Stochastic Oscillator: The Stochastic indicator is currently around 42-44, moving out of the oversold region. If the %K line crosses above the %D line, it could confirm a bullish continuation, supporting a move toward higher resistance levels. Support and Resistance Levels: Support: The first key support level is at $2,920, aligning with the middle Bollinger Band and a recent price consolidation area. A break below this level could see further downside toward $2,880. Resistance: The immediate resistance is at $2,950, which represents the recent high and upper Bollinger Band. A breakout above this level could lead to further gains toward $2,970 and beyond. Conclusion and Consideration: Gold remains in a strong uptrend, supported by bullish technical indicators and fundamental factors. With key USD news events today, traders should expect high volatility in the gold market. If the Federal Reserve signals a hawkish stance, gold could face some selling pressure due to a stronger USD. However, if economic concerns arise or jobless claims come in weaker than expected, gold may continue its bullish rally. Traders should closely monitor XAUUSD’s price action around the $2,920 support and $2,950 resistance levels for potential breakouts or pullbacks. Disclaimer: The analysis provided for XAU/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 XAUUSD. Market conditions can change quickly, so staying informed with the latest data is essential. FXGlory 02.20.2025 Link to comment Share on other sites More sharing options...
FXGlory Ltd Posted February 24 Author Share Posted February 24 EURNZD H4 Technical and Fundamental Analysis for 02.24.2025 Time Zone: GMT +2 Time Frame: 4 Hours (H4) Fundamental Analysis: The EURNZD pair is experiencing market volatility as traders react to key economic data from both the Eurozone and New Zealand. The IFO Business Climate Index from Germany, a leading indicator of economic sentiment, is expected to provide insights into the strength of the European economy. A better-than-expected reading could boost the Euro (EUR), while a weaker-than-expected outcome may pressure the currency. Additionally, the upcoming Core CPI and CPI reports from the Eurozone will significantly impact inflation expectations and influence the European Central Bank's (ECB) monetary policy outlook. On the New Zealand dollar (NZD) side, recent Retail Sales and Core Retail Sales reports reflect consumer spending trends. Since these are lagging indicators, their impact may be limited unless there is a significant deviation from expectations. The Reserve Bank of New Zealand (RBNZ) continues to monitor inflationary pressures, and upcoming credit card spending data will provide further clues on consumer activity. If the data signals a robust retail environment, the NZD may gain strength. Price Action: The EURNZD pair has been in a downward channel since reaching a peak in mid-February. However, the last four candles have been bullish, indicating a potential short-term reversal or correction. The price has swiftly moved from the lower Bollinger Band to the upper band, breaking through the middle band in a single strong bullish move. Additionally, the EUR NZD price is currently testing the 50% Fibonacci retracement level, which serves as a key decision point for traders. If buyers maintain momentum, the next resistance level could be challenged. Conversely, if selling pressure resumes, the downtrend may continue. Key Technical Indicators: Bollinger Bands: The EURNZD price has moved from the lower Bollinger Band to the upper band, signaling increased volatility and a potential breakout from the bearish channel. Despite the overall downtrend, this sudden price spike suggests that bulls are regaining some control. If the price holds above the middle band, further bullish movement could be expected. Stochastic Oscillator (Stoch 5,3,3): The Stochastic Oscillator is currently near the 75-80 zone, indicating that momentum has shifted towards the bulls. This suggests that the EUR/NZD pair might enter overbought territory soon. However, if the %K and %D lines cross downwards from these levels, a potential pullback may occur. Awesome Oscillator (AO): The AO histogram has transitioned from deep red to light blue, indicating weakening bearish momentum. While the histogram remains negative, the current trend suggests that bullish pressure is increasing. If the AO crosses above the zero line, it would confirm a stronger upside move. Support and Resistance Levels: Support: The nearest support level is at 1.8180, aligning with the 23.6% Fibonacci retracement level and recent lows. If the EURNZD price breaks below this level, further downside movement could follow. Resistance: The immediate resistance is at 1.8290, corresponding to the 50% Fibonacci retracement level. A successful breakout above this level could lead to a test of 1.8330 (61.8% Fibonacci level). Conclusion and Consideration: The EURNZD H4 chart analysis suggests a potential short-term bullish correction within a broader downtrend channel. The recent bullish momentum, reflected in Bollinger Bands, Stochastic Oscillator, and AO, highlights a possible upside continuation if resistance levels are broken. However, traders should remain cautious as the overall trend remains bearish unless a significant breakout occurs. Key fundamental factors, including IFO Business Climate Index, CPI data from the Eurozone, and New Zealand’s retail sales, could drive volatility in the EUR-NZD pair. Traders should closely monitor these reports, as unexpected economic data could shift market sentiment rapidly. Disclaimer: The analysis provided for EUR/NZD 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 EURNZD. Market conditions can change quickly, so staying informed with the latest data is essential. FXGlory 02.24.2025 Link to comment Share on other sites More sharing options...
FXGlory Ltd Posted February 25 Author Share Posted February 25 USDJPY H4 Technical and Fundamental Analysis for 02.25.2025 Time Zone: GMT +2 Time Frame: 4 Hours (H4) Fundamental Analysis: The USD/JPY pair is expected to experience volatility today due to multiple speeches from Federal Reserve (FOMC) officials. Chicago Fed President Austan Goolsbee and Dallas Fed President Lorie Logan will speak on economic conditions, potentially providing insights into future monetary policy. If their tone is hawkish, the USD could strengthen, putting upward pressure on the USD-JPY pair. Additionally, key US data, including housing prices and consumer confidence figures, could influence market sentiment. On the Japanese Yen side, the Bank of Japan (BoJ) has released the Corporate Services Price Index (CSPI), an important inflation indicator. Stronger-than-expected data may lead to JPY appreciation, reinforcing the bearish trend in USD vs JPY. However, if the data is weak, expectations of continued BoJ dovish policy could weaken the yen. Traders should remain cautious as market volatility is likely to increase throughout the session. Price Action: The USDJPY pair continues to trade within a strong downtrend. The price is currently testing a key support zone at 149.300 - 148.800, which has historically provided significant buying interest. The recent price action suggests an attempt at a bounce, but Resistance Line 1 (150.500 - 150.800) is capping the upside. If the price fails to break above Resistance Line 1, further downside pressure could push the pair below 148.800, confirming a continuation of the bearish trend. However, if buyers gain control and break through Resistance Line 1, the next key level to watch is Resistance Line 2 (152.800), which aligns with the long-term descending trendline. Should the price successfully breach both resistance levels, upside targets include FE 61.8% at 152.900 and FE 100% at 153.800. Until a confirmed breakout occurs, the trend remains bearish. Key Technical Indicators: Parabolic SAR: The last three dots are below the price, signaling a potential shift in momentum toward the upside. However, a break above Resistance Line 1 is necessary to confirm a reversal. Relative Strength Index (RSI): The RSI is currently at 39.93, indicating that the pair remains in bearish territory. Although it is not yet oversold, a move above 50 would suggest a weakening downtrend and potential bullish momentum. MACD (Moving Average Convergence Divergence): The MACD histogram remains negative, and the MACD line is below the signal line, confirming that bearish momentum is still in play. A bullish crossover is needed for signs of trend reversal. Stochastic Oscillator: The Stochastic Oscillator is at 81.27, placing it in the overbought zone. This suggests that the recent price bounce may be short-lived and that further selling pressure could emerge. A bearish crossover would reinforce the downtrend. Support and Resistance: Support: Immediate support is located at 149.300 - 148.800, which represents a significant historical level. If this zone fails to hold, the next key support is 148.315, potentially triggering further downside movement. Resistance: The nearest resistance level is at 150.500 - 150.800 (Resistance Line 1), a key short-term barrier. A break above this level would indicate bullish momentum. The next major resistance is at 152.800 (Resistance Line 2), which must be breached for a full trend reversal. Additional upside targets include FE 61.8% at 152.900 and FE 100% at 53.800. Conclusion and Consideration: The USD/JPY pair remains in a strong downtrend, currently testing a crucial support zone at 149.300 - 148.800. If the price fails to break above Resistance Line 1 (150.500 - 150.800), the bearish trend is likely to continue, potentially pushing the price below 148.800. However, if buyers manage to break above Resistance Line 1, a short-term recovery could be in play, with the next major test at Resistance Line 2 (152.800). With multiple FOMC speeches and key US economic releases scheduled today, traders should prepare for potential market volatility. A hawkish Fed stance could strengthen the USD, while strong JPY fundamentals could keep the pair under selling pressure. Monitoring RSI, MACD, and support/resistance levels will be crucial for confirming the next move. 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 02.25.2025 Link to comment Share on other sites More sharing options...
FXGlory Ltd Posted March 3 Author Share Posted March 3 BTCUSD H4 Technical and Fundamental Analysis for 03.03.2025 Time Zone: GMT +2 Time Frame: 4 Hours (H4) Fundamental Analysis: Bitcoin (BTC) remains sensitive to broad macroeconomic factors and investor sentiment, as the cryptocurrency market shows steady institutional and retail interest. In today’s session, the focus will be on the USD side of the BTCUSD pair, with multiple economic releases such as the ISM Manufacturing PMI, Construction Spending, and the Wards Auto data. Positive US data can strengthen the dollar, potentially pressuring BTC if risk appetite wanes. Meanwhile, Bitcoin’s fundamental drivers include ongoing discussions about its upcoming halving cycle and overall adoption trends, which continue to shape the long-term outlook for the cryptocurrency. Price Action: Over the weekend, BTCUSD showed a notable correction, moving from 78k to 92k on the H4 chart but failing to break above the 50% Fibonacci retracement level. This inability to push higher suggests that bullish momentum may be pausing, and the pair could revisit the 38.2% or 23.6% Fib levels if downside pressure intensifies. Price action has temporarily stalled near the upper Bollinger Band, indicating that immediate upside might be capped. Traders are watching closely for any bearish follow-through that could send the price back toward the 0% Fib level in the coming sessions. Key Technical Indicators: Bollinger Bands: The Bollinger Bands on the BTCUSD H4 chart show that the price has recently touched the upper band, signaling a potential overextension. Historically, price retracements often follow upper band touches, especially if accompanied by lower volume or weakening momentum. A break back toward the middle band would indicate a corrective phase, aligning with the possibility of retesting lower Fibonacci levels. Should volatility increase, a close outside the bands could confirm a more decisive breakout or breakdown. RSI (Relative Strength Index): The RSI appears to be hovering near the upper threshold of neutral territory, reflecting neither extreme overbought nor oversold conditions. This position suggests that while bullish momentum was strong enough to push BTCUSD to 92k, it did not hit a level typically associated with a clear reversal. A downturn in the RSI below the midpoint would reinforce a potential bearish pullback. Conversely, a sustained move above 70 would indicate strong bullish pressure and might invalidate the short-term corrective bias. MACD (Moving Average Convergence Divergence): The MACD histogram is currently positive, showing that the MACD line remains above the signal line, indicative of ongoing bullish momentum. However, the histogram bars have started to shorten, suggesting a possible slowdown in buying pressure. If the MACD line crosses below the signal line, it would be an early sign of bearish momentum gaining traction. Traders should monitor this indicator closely for confirmation of any trend shift on the H4 timeframe. Support and Resistance: Support: Immediate support is aligned with the 38.2% Fibonacci retracement level, offering the first defense for the bulls. A deeper support can be found near the 0% Fib level, which could become a target if selling pressure intensifies. Resistance: The nearest resistance lies just above the 50% Fibonacci retracement level around the 92k region. A break above this zone may expose further resistance near the 95k handle, a region of previous price consolidation. Conclusion and Consideration: In this technical and fundamental chart daily analysis for BTCUSD H4, the current price action suggests a cautious stance is warranted. While the bullish momentum brought Bitcoin’s price from 78k to 92k, the failure to clear the 50% Fib level points to a potential pullback. Key economic data from the US could drive volatility for BTCUSD, as shifts in risk sentiment often impact the cryptocurrency market. Traders should keep a close eye on the Bollinger Bands, RSI, and MACD for clearer directional cues, alongside upcoming US economic releases that may influence the dollar side of the pair. 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 03.03.2025 Link to comment Share on other sites More sharing options...
FXGlory Ltd Posted March 4 Author Share Posted March 4 AUDUSD Daily Technical and Fundamental Analysis for 03.04.2025 Time Zone: GMT +2 Time Frame: 4 Hours (H4) Fundamental Analysis: The AUDUSD pair remains under pressure as the US Dollar (USD) strengthens ahead of key events today. The Federal Reserve’s (FOMC) Williams is scheduled to speak, which could provide insights into future monetary policy directions, potentially impacting USD volatility. Additionally, the RCM/TIPP Economic Optimism Index is expected to show improvement, reinforcing USD strength. On the Australian Dollar (AUD) side, the market will closely monitor the RBA Deputy Governor Hauser’s speech, as any hawkish remarks could support AUD. Furthermore, key data releases such as the Monetary Policy Meeting Minutes, Retail Sales (forecast 0.3% vs. previous -0.1%), and Current Account (-11.8B vs. -14.1B) could impact AUD’s short-term trajectory. Should retail sales exceed expectations, we may see a temporary boost in AUD, but bearish sentiment prevails given current technical conditions. Price Action: The AUDUSD pair has been in a sharp bearish phase, trading within the lower Bollinger Band before entering a correction phase. This corrective movement led the price back toward the midline of the Bollinger Bands, assisting the RSI in recovering from oversold conditions. However, after testing the midline resistance, the pair has resumed its bearish wave, reflecting persistent downward momentum. The MACD indicator also suggests a continuation of the downtrend, as the histogram remains in negative territory with bearish divergence strengthening. Key Technical Indicators: Bollinger Bands: The price initially declined sharply, remaining near the lower band before attempting a recovery. The midline acted as resistance, rejecting further upside and resuming the bearish wave. The continued expansion of the bands indicates high volatility, favoring further downside movement. MACD (Moving Average Convergence Divergence): The MACD line remains below the signal line, with a bearish histogram indicating ongoing selling pressure. This setup suggests that the bearish trend could persist unless a bullish crossover occurs. RSI (Relative Strength Index): The RSI rebounded from oversold territory but is now struggling near 36.83, still indicating weak momentum. If the RSI moves below 30, it could signal further selling pressure and potential downside continuation. Support and Resistance: Support: The AUDUSD pair faces key resistance levels at 0.62530, aligning with the midline of the Bollinger Bands, followed by 0.62350, marking a recent swing high, and 0.62300, a psychological level that previously acted as support but has now turned into resistance. Resistance: On the downside, immediate support is seen at 0.61700, reflecting recent lows, followed by 0.61400, a stronger historical level, and 0.61150, which serves as a major support zone; a break below this level could trigger further downside momentum. Conclusion and Consideration: The AUDUSD H4 analysis indicates that the pair remains in a strong bearish trend, with technical indicators such as the MACD, RSI, and Bollinger Bands aligning for further downside movement. The rejection from the Bollinger Band’s midline confirms ongoing selling pressure, while the MACD histogram remains negative, reinforcing bearish momentum. Traders should watch for potential volatility due to upcoming USD and AUD economic releases, especially the FOMC speech and Australian Retail Sales data. If AUD fundamentals disappoint, the pair could retest 0.61700 and potentially lower support levels. 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 03.04.2025 Link to comment Share on other sites More sharing options...
FXGlory Ltd Posted March 5 Author Share Posted March 5 USDCHF H4 Technical and Fundamental Analysis – 03.05.2025 Time Zone: GMT +2 Time Frame: 4 Hours (H4) Fundamental Analysis: The USDCHF currency pair is currently being influenced by key economic releases from both the US and Switzerland. Today, the Swiss Consumer Price Index (CPI) report will be released, providing insights into inflation trends. A higher-than-expected CPI figure may strengthen the Swiss Franc (CHF) as it could lead to a more hawkish stance from the Swiss National Bank (SNB). Conversely, a weaker CPI reading could put pressure on the CHF, allowing USDCHF to rebound. For the US Dollar (USD), several high-impact events are scheduled, including the ADP Non-Farm Employment Change, ISM Services PMI, and a speech by US President Donald Trump. The ADP employment report serves as an early indicator of the Non-Farm Payrolls (NFP) data, and strong job growth figures could support the USD. Additionally, the ISM Services PMI will gauge the strength of the US service sector, and Trump's speech could bring unexpected volatility depending on any policy announcements. Traders should be cautious of potential price fluctuations due to these scheduled events. Price Action: The USD/CHF pair has reached a major support zone at 0.8890, which coincides with the 40% Fibonacci retracement level, a descending trendline support, and a previous horizontal support level. The price briefly dipped below this level but showed signs of buying interest, suggesting a possible reversal. If buyers step in, the pair could target the next Fibonacci level and descending resistance trendline at 0.8960 - 0.9000. However, if the price breaks below 0.8865, it could trigger further downside momentum, potentially leading to new lows. Key Technical Indicators: RSI (Relative Strength Index): The RSI is currently at 29.16, indicating oversold conditions. This suggests that the selling pressure might be weakening, and a potential reversal could be near. However, a confirmation through price action is needed before entering long positions. MACD (Moving Average Convergence Divergence): The MACD histogram is negative at -0.002211, with the MACD line below the signal line, indicating bearish momentum. However, the decreasing bearish momentum suggests that selling pressure is slowing down. A bullish crossover of the MACD line above the signal line would strengthen the case for a reversal. Stochastic Oscillator: The Stochastic (5,3,3) is at 27.11, approaching oversold levels. This suggests that the downward momentum is fading, and a bullish crossover in the oscillator would be a strong indication of an upward correction. Traders should watch for a crossover above the 20 level for confirmation. Support and Resistance: Support: Immediate support is located at 0.8890, which aligns with the 40% Fibonacci retracement level, descending trendline support, and previous horizontal support. A break below this level could open the door for further downside toward 0.8865. Resistance: The nearest resistance level is at 0.8960, which coincides with the 23.6% Fibonacci retracement level and a descending resistance trendline. If bullish momentum continues, the next major resistance lies at 0.9000, which is a key psychological level and a trendline resistance zone. Conclusion and Consideration: The USD-CHF pair on the H4 timeframe is currently testing a strong support zone at 0.8890, with multiple technical confluences suggesting a potential bullish reversal. RSI and Stochastic indicate oversold conditions, while MACD shows weakening bearish momentum, which supports the possibility of an upward correction. If the price holds above 0.8890, traders can look for a rebound toward 0.8960 and 0.9000 as potential resistance levels. However, a break below 0.8865 could indicate further downside continuation. With high-impact economic events such as Swiss CPI, US ADP employment data, and ISM Services PMI, traders should expect increased volatility. Trump's speech could also introduce unexpected market movements, making it crucial to manage risk appropriately. Waiting for confirmation through price action signals before entering trades is advisable. Disclaimer: The analysis provided for USD/CHF 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 USDCHF. Market conditions can change quickly, so staying informed with the latest data is essential. FXGlory 03.05.2025 Link to comment Share on other sites More sharing options...
FXGlory Ltd Posted March 7 Author Share Posted March 7 EURUSD Daily Technical and Fundamental Analysis for 03.07.2025 Time Zone: GMT +2 Time Frame: 4 Hours (H4) Fundamental Analysis EUR/USD is currently influenced by several high-impact events, including Europe’s new purchase orders data and foreign trade figures, as well as a scheduled speech by ECB President Christine Lagarde. Traders are closely monitoring Euro area Employment and GDP releases for additional insight into the region’s economic strength. Meanwhile, the US Dollar faces potential volatility from multiple Federal Reserve (FOMC) member speeches and labor market data (NFP, Unemployment Rate), which could shape market sentiment on monetary policy. Overall, these EUR USD daily chart technical and fundamental analysis factors suggest heightened price action and possible shifts in momentum on the H4 timeframe. Price Action The EUR USD H4 chart shows a strong initial upswing since the market opened this week, followed by three consecutive red candles indicating a possible correction. If the bearish movement extends, price action may test the 23.6% Fibonacci Retracement, with potential deeper pullbacks toward the 50% and 61.8% levels. This EURUSD daily technical analysis suggests traders should monitor these key retracement zones for signs of reversal or continuation, as the pair’s momentum could shift rapidly in response to ongoing fundamental developments. Key Technical Indicators RSI (Relative Strength Index): The RSI has moved near overbought territory following the recent sharp rally, signaling that the bullish momentum may be losing steam. With the last three bearish candles, RSI is gradually easing, suggesting a potential cooldown in buying pressure. However, a sustained move below the 50 mark could confirm a deeper correction for EURUSD price action. MACD (Moving Average Convergence Divergence): The MACD line remains above the signal line, reflecting the recent bullish surge on the EUR-USD H4 chart. Nonetheless, the histogram is starting to narrow, indicating that upward momentum may be slowing. A crossover below the signal line could reinforce a short-term bearish correction scenario. Stochastic Oscillator: Stochastic readings are hovering in high territory, supporting the notion that EUR USD could be ripe for a pullback. The oscillator’s downward slope from overbought levels suggests a likely pause in the bullish trend. A clear break below the 80 line often points to growing bearish pressure. Support and Resistance Support: The support zone, defined by the 23.6%, 50%, and 61.8% Fibonacci levels at 1.0680, 1.0640, and 1.0600 respectively, forms a layered cushion where buyers may step in during corrections. A bounce off these levels would reinforce bullish sentiment, while a break could signal a shift toward stronger bearish momentum. Resistance: Resistance is observed at 1.0750, the recent swing high, and at 1.0800, a key psychological barrier, where selling pressure has previously emerged. A successful break above these levels could validate further bullish momentum, whereas failure to breach them may lead to profit taking and a potential retracement. Conclusion and Consideration EUR/USD appears poised for a potential corrective move on the H4 chart, with fundamental news and technical signals aligning to indicate caution. Traders should keep an eye on key Fibonacci levels, as well as RSI, MACD, and Stochastic Oscillator readings for confirmation of further downside or a bullish continuation. The upcoming Eurozone data and multiple US FOMC statements could amplify market volatility, so monitoring both technical and fundamental factors is essential. 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 03.07.2025 Link to comment Share on other sites More sharing options...
FXGlory Ltd Posted March 10 Author Share Posted March 10 EURCHF H4 Technical and Fundamental Analysis for 03.10.2025 Time Zone: GMT +2 Time Frame: 4 Hours (H4) Fundamental Analysis The EURCHF currency pair will be influenced by multiple forthcoming economic reports and events. On the Euro (EUR) side, market participants await the Destatis data releases on industrial production and trade balance (slated for April 7, 2025), as well as the Eurogroup meeting on April 11, 2025. Stronger-than-forecast figures could boost the EUR, while cautious commentary from Eurozone officials could dampen sentiment. Meanwhile, the Swiss Franc (CHF) reacts to SECO’s consumer climate data (due April 10, 2025); a better-than-expected reading may fortify the CHF, potentially adding downside pressure on EURCHF. Price Action On the H4 chart, EURCHF broke above a key resistance near 0.9523 and is now retesting this region as potential support. The pair is hovering around the middle Bollinger Band, which can act as a dynamic support. Bollinger Bands are narrowing, implying lower volatility prior to a probable expansion. If price action respects the 0.9523 level, the uptrend may continue, whereas a clear break below it could signal a deeper pullback. Key Technical Indicators Bollinger Bands: The Bollinger Bands on EURCHFH4 have been tightening, typically a precursor to a volatility surge. Price is testing the middle band, indicating a support zone that may help sustain the recent breakout. A move above the upper band could confirm bullish momentum continuation. RSI (Relative Strength Index): Currently around 54, the RSI signals moderate bullish momentum without entering overbought territory. This leaves room for additional upside, though a drop below the 50 mark would hint at weakening bullish interest and an increased chance of further correction. MACD (Moving Average Convergence Divergence): The MACD line remains above the signal line, albeit with a contracting histogram. While this setup still leans bullish, diminishing momentum points to a possibility of a short-term retracement. Traders should watch for a bearish crossover to confirm any deeper pullback. Williams %R (Williams Percent Range) Hovering near oversold conditions (around -90), Williams %R suggests that selling pressure could be losing steam. A climb above -80 would indicate a shift back into bullish territory, aligning with a potential resumption of the uptrend. Support and Resistance Support: Immediate support is located at 0.9523, which aligns with a recently broken resistance level and the middle Bollinger Band. Resistance: The nearest resistance level is at 0.9600, which corresponds to a minor psychological barrier and recent swing high. Conclusion and Consideration The EURCHFH4 technical and fundamental chart daily analysis points to a cautiously bullish outlook, contingent on the 0.9523 support zone holding firm. Key technical indicators, including Bollinger Bands, RSI, MACD, and Williams %R, suggest that the uptrend could continue if buyers defend this level. However, traders should closely monitor upcoming Eurozone (Destatis, Eurogroup) and Swiss (SECO) data releases, as unexpected readings may trigger volatility and alter EURCHF’s price action. Disclaimer: The analysis provided for EUR/CHF 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 EURCHF. Market conditions can change quickly, so staying informed with the latest data is essential. FXGlory 03.10.2025 Link to comment Share on other sites More sharing options...
FXGlory Ltd Posted March 12 Author Share Posted March 12 GBP/USD H4 Technical and Fundamental Analysis for 03.12.2025 Time Zone: GMT +2 Time Frame: 4 Hours (H4) Fundamental Analysis: The GBP-USD currency pair is currently influenced by key economic indicators from the US and UK. Today, traders are focusing on the US Consumer Price Index (CPI) data, which plays a crucial role in shaping the Federal Reserve’s monetary policy. A higher-than-expected CPI reading could strengthen the USD as it may push the Fed towards maintaining or increasing interest rates. Additionally, the US Crude Oil Inventories report will provide insight into energy price trends, which indirectly impact inflation expectations and the USD’s movement. From the UK side, no major economic events are scheduled today, leaving the GBP vulnerable to USD-driven volatility. However, ongoing discussions regarding fiscal policies and global economic uncertainty may influence market sentiment. Price Action: The GBP/USD H4 chart analysis shows that the pair is approaching a significant resistance level around 1.2934 - 1.3000. The bullish momentum appears to be fading, as evidenced by a bearish divergence forming on the RSI and MACD indicators. Over the past sessions, price action has shown a consistent upward trend, but the slowing momentum suggests a potential correction. If the price fails to break the resistance, it may retrace toward the nearest support levels at 1.2706 or the ascending trendline. A potential breakout above 1.3000 could drive further gains, but considering the overextended bullish move and weakening momentum, a retracement seems more probable. Key Technical Indicators: Parabolic SAR: The last three dots of the Parabolic SAR are below the price, confirming an ongoing uptrend. However, if the dots flip above the price, it would signal a potential reversal or consolidation phase. RSI (Relative Strength Index): A divergence can be seen between price and RSI, as the price makes higher highs while RSI moves lower. This indicates weakening bullish momentum and an increasing possibility of a price correction. Additionally, the RSI is near the overbought zone (65.59), suggesting limited upside potential. MACD (Moving Average Convergence Divergence): The MACD histogram is declining, and the signal line is converging with the MACD line, hinting at a weakening bullish trend. A bearish crossover could indicate a reversal or a deeper pullback. Standard Deviation Oscillator: The standard deviation oscillator shows a decrease in volatility, indicating reduced momentum. This aligns with the observation that price action is struggling to break resistance, increasing the likelihood of a corrective move. Support and Resistance: Support: Immediate support is located at 1.2706, which aligns with the ascending trendline and previous price consolidation area. Resistance: The nearest resistance level is at 1.2934 - 1.3000, which coincides with recent highs and the upper boundary of the trend. Conclusion and Consideration: The GBP Vs. USD pair on the H4 chart shows sustained bullish momentum, but technical indicators signal a potential slowdown. The RSI divergence, declining MACD momentum, and reduced volatility indicate that a correction could be imminent. Traders should watch for confirmation of a bearish reversal, especially if the price fails to break 1.3000. A retracement toward 1.2706 is possible if selling pressure increases. Given the importance of today’s US CPI release, market volatility may surge, influencing the pair’s direction. Traders should stay cautious and incorporate risk management strategies while trading around key levels. 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 GBP-USD. Market conditions can change quickly, so staying informed with the latest data is essential. FXGlory 03.12.2025 Link to comment Share on other sites More sharing options...
FXGlory Ltd Posted March 13 Author Share Posted March 13 EURUSD H4 Technical and Fundamental Analysis for 03.13.2025 Time Zone: GMT +2 Time Frame: 4 Hours (H4) Fundamental Analysis The EURUSD currency pair may see increased volatility today due to Eurozone data (Unemployment, Industrial Production) and a panel discussion featuring Bundesbank President Joachim Nagel, which could bolster or weigh on the EUR. Meanwhile, the USD faces multiple releases (Core PPI, PPI, Jobless Claims, Natural Gas Storage, and a 30-year Treasury Auction), offering insights into inflation and labor conditions. These events collectively shape the near-term outlook for EURUSD H4, highlighting the importance of both fundamental chart daily analysis and price action for traders. Price Action EURUSD has been in a clear bullish trend since early March, with higher highs and higher lows supported by an ascending trendline. Despite minor consolidation in recent candles, the overall momentum remains positive. Pullbacks toward the trendline may present buying opportunities, as long as price action holds above key support levels. Key Technical Indicators Moving Averages (MA 9 and MA 17): The 9-period short MA has crossed above the 17-period long MA, confirming bullish momentum. The long MA sits below recent candles, and the short MA is close to price action, suggesting ongoing upside strength. Stochastic Indicator: The Stochastic is near overbought territory, hinting at a possible short-term pullback. If it crosses below mid-levels, a deeper correction could emerge, but the broader trend remains bullish as long as it stays above 50. Volume: Volume has aligned with the recent upward movement, indicating strong buying interest. Slight dips during consolidations are normal, but overall volume supports the bullish trend, especially on rallies. Support and Resistance Support: Immediate support is located at 1.0980, which aligns with the ascending trendline. Resistance: The nearest resistance level is at 1.1060, which coincides with a recent swing high. Conclusion and Consideration The EURUSD H4 chart shows persistent bullish momentum, underpinned by favorable fundamentals and positive technical indicators. While short-term pullbacks may occur—especially if the Stochastic continues to retreat—price action remains constructive above the rising trendline. Traders should keep an eye on today’s Eurozone and US releases for potential market-moving surprises, particularly regarding inflation and labor-market data. 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 03.13.2025 Link to comment Share on other sites More sharing options...
FXGlory Ltd Posted March 14 Author Share Posted March 14 ETHUSD H4 Technical and Fundamental Analysis for 03.14.2025 Time Zone: GMT +2 Time Frame: 4 Hours (H4) Fundamental Analysis: Ethereum (ETHUSD) remains a major player in the cryptocurrency market, widely used for decentralized applications and smart contracts. Today, ETH/USD's price action will be significantly influenced by the University of Michigan Consumer Sentiment and Inflation Expectations reports from the U.S. These economic indicators can impact the strength of the U.S. dollar (USD), which historically shares an inverse correlation with Ethereum and other cryptocurrencies. If consumer confidence is stronger than expected, it may lead to USD strength, applying bearish pressure on ETHUSD. Conversely, weak consumer sentiment and inflation concerns could support Ethereum’s price, as traders seek alternatives to fiat currencies. With ongoing regulatory discussions in the U.S. and potential institutional adoption of Ethereum-based applications, ETHUSD traders should monitor both macroeconomic data and blockchain-related developments. Price Action: The ETHUSD H4 chart reveals a clear bearish trend within a descending channel, with price action consistently forming lower highs and lower lows. The cryptocurrency is struggling to gain bullish momentum, facing resistance at key levels while respecting the downward-sloping trendline. Despite temporary consolidation, Ethereum remains below both short- and long-term moving averages, reinforcing the prevailing bearish sentiment. If ETHUSD fails to break above resistance levels, further downside pressure may lead to another leg lower toward the next support zone. However, a breakout above the descending channel could signal a potential trend reversal. Key Technical Indicators: Moving Averages (MA): The price remains below the 9-period short MA (blue) and the 17-period long MA (orange), confirming a strong bearish momentum. The downward crossover of the shorter MA below the longer MA suggests continued selling pressure, making bullish recoveries less likely unless a decisive break above the moving averages occurs. Stochastic Oscillator: The stochastic (5,3,3) is currently at 30.66, indicating that ETHUSD is approaching oversold territory but has not yet fully bottomed out. If the stochastic moves below 20, a short-term bounce may occur; however, sustained bearish momentum suggests further weakness unless a reversal signal emerges. Volume: The volume bars show increased selling pressure, especially during major downward price movements. There has been no significant spike in buying volume, meaning the bears remain in control. If volume increases on bullish candles, it may indicate a potential accumulation phase before a breakout. Support and Resistance Levels: Support: The nearest support level is $1,735, which aligns with previous lows and a key psychological barrier. A break below this level could lead to further declines. Resistance: The first major resistance level is at $1,955, near the upper boundary of the descending channel. A breakout above this level could invalidate the bearish trend and shift momentum towards the bulls. Conclusion and Consideration: The ETHUSD H4 analysis confirms a strong bearish trend, with price action respecting a downward channel and key indicators pointing toward continued weakness. The moving averages, stochastic, and volume all support the bearish outlook unless a major resistance breakout occurs. Traders should monitor today’s U.S. economic data, as stronger-than-expected results may push the USD higher, further pressuring ETHUSD. A potential break above $1,955 could signal a trend shift, but failure to hold support at $1,735 may trigger further declines. Given the volatile nature of cryptocurrencies, traders should apply proper risk management strategies and remain aware of global economic and regulatory developments. Disclaimer: The analysis provided for ETH/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 ETHUSD. Market conditions can change quickly, so staying informed with the latest data is essential. FXGlory 03.14.2025 Link to comment Share on other sites More sharing options...
FXGlory Ltd Posted March 18 Author Share Posted March 18 NZDUSD Daily Technical and Fundamental Analysis for 03.18.2025 Time Zone: GMT +2 Time Frame: 4 Hours (H4) Fundamental Analysis The NZD/USD currency pair represents the exchange rate between the New Zealand Dollar (NZD) and the US Dollar (USD). Today, NZD may experience volatility due to the upcoming Global Dairy Trade (GDT) data release, a significant indicator of New Zealand’s economic health, as higher dairy product prices typically strengthen the NZD. The US Dollar could also see significant movement today with the release of key economic data, including Residential Building Permits, Housing Starts, Import Prices, Capacity Utilization Rate, and Industrial Production. Positive outcomes in these indicators usually support the USD, adding bearish pressure on the NZDUSD pair. Price Action The NZD-USD pair analysis on the H4 timeframe demonstrates a strong bullish breakout above the previous resistance zone, now converted into support. Currently, the price has reached the Fibonacci expansion level of 100.0, indicating a high probability of a corrective pullback. Initially, the price is expected to retrace toward the ascending support trendline, followed by a potential deeper correction toward the horizontal support zone. Key Technical Indicators RSI (Relative Strength Index): The RSI indicator currently reads 75.73, indicating an overbought scenario. This suggests a probable price correction in the short term to ease the overbought condition. MACD (Moving Average Convergence Divergence): The MACD histogram remains bullish, although diminishing momentum indicates potential weakening buying pressure. Traders should be alert for a bearish crossover that could signal a reversal or pullback. Stochastic Oscillator: The Stochastic Oscillator shows a strongly overbought condition at levels 92.19 and 94.34, emphasizing the likelihood of an imminent short-term correction. Support and Resistance Support: Immediate support is located at the ascending trendline near 0.5770, followed by a key horizontal support zone around 0.5730-0.5725. Resistance: The nearest resistance level is at the recent peak near 0.5822, coinciding with the Fibonacci Expansion 100.0 level. Further resistance can be observed at the psychological mark of 0.5850. Conclusion and Consideration The NZD/USD pair forecast on the H4 chart suggests continued bullish momentum, supported by current price action and technical indicators. However, the overbought conditions indicated by RSI and Stochastic suggest the pair is likely to see a corrective move soon. Traders should monitor upcoming economic news closely, especially GDT and US economic indicators, which could significantly impact the NZD-USD exchange rate. Disclaimer: The analysis provided for NZD/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 NZDUSD. Market conditions can change quickly, so staying informed with the latest data is essential. FXGlory 03.18.2025 Link to comment Share on other sites More sharing options...
FXGlory Ltd Posted March 19 Author Share Posted March 19 USDJPY Technical and Fundamental Analysis for 03.19.2025 Time Zone: GMT +2 Time Frame: 4 Hours (H4) Fundamental Analysis The USDJPY currency pair remains sensitive today with important economic indicators scheduled. For JPY, upcoming releases include Japan's Machine Orders, Adjusted Merchandise Trade Balance, and Industrial Production, all crucial leading indicators of economic activity and currency strength. The Bank of Japan's monetary policy outlook and recent interest rate statements also continue to influence JPY. Conversely, for the USD, traders will closely watch the EIA Crude Oil Inventories, a key measure influencing the US Dollar through energy market sentiment. These fundamental releases could significantly impact USDJPY volatility. Price Action USDJPY price action analysis in the H4 timeframe reveals a confirmed bullish reversal. After breaking the downtrend line, price has entered an ascending channel, currently testing the lower boundary and coinciding with EMA support zones. Recent candles suggest bullish sentiment may continue, targeting the upper boundary of the ascending channel, reinforcing the bullish outlook. Key Technical Indicators Parabolic SAR: The Parabolic SAR dots are positioned below recent candles, indicating bullish momentum and a positive trend continuation signal for USDJPY. EMA (Exponential Moving Average): Price remains above both the short-term and medium-term EMA lines, highlighting bullish support that can propel USDJPY higher. RSI (Relative Strength Index): Currently at 58.58, RSI remains comfortably within neutral territory, suggesting sufficient room for further bullish movement without immediate risk of overbought conditions. MACD (Moving Average Convergence Divergence): MACD is above the signal line, maintaining positive values, indicative of sustained bullish momentum, although recent histogram bars are shorter, signaling slightly decreased buying momentum. Stochastic Oscillator: The stochastic oscillator has recently approached the oversold region and is now curving upwards, providing a bullish crossover that indicates renewed buying interest could lift prices further. Support and Resistance: Support: Immediate support lies at the lower boundary of the ascending channel at approximately 148.900, strengthened by EMA convergence. Resistance: Key resistance is observed near the upper boundary of the ascending channel at approximately 149.900, marking recent price highs. Conclusion and Consideration: The current H4 analysis for USDJPY indicates bullish momentum supported by key technical indicators such as Parabolic SAR, EMA, RSI, MACD, and Stochastic oscillator. The ascending channel supports further bullish sentiment. Traders must remain cautious and monitor upcoming fundamental economic data releases closely, which can significantly affect the USDJPY exchange rate, leading to potential volatility. 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 03.19.2025 Link to comment Share on other sites More sharing options...
FXGlory Ltd Posted March 24 Author Share Posted March 24 EURUSD Daily Technical and Fundamental Analysis for 03.24.2025 Time Zone: GMT +2 Time Frame: 4 Hours (H4) Fundamental Analysis: The EUR/USD currency pair today will likely be influenced significantly by flash PMI reports for both the Eurozone and the US, released by S&P Global. Purchasing Managers' Index (PMI) data, crucial for gauging economic health, could trigger volatility if actual figures diverge from market forecasts. Additionally, traders should watch speeches by Federal Reserve Bank of Atlanta President Raphael Bostic and Federal Reserve Governor Michael Barr, whose statements could provide insights on future monetary policy and impact the USD. Price Action: EURUSD price action analysis in the H4 timeframe indicates the price has reached a critical support level and has reacted to it positively. Several pin bar candles have formed near the support, indicating indecision and imminent volatility. A move upward towards the middle Bollinger Band, acting as the first target, followed by the upper Bollinger Band, could be expected as traders anticipate a price correction from this support level. Key Technical Indicators: Bollinger Bands: EURUSD’s Bollinger Bands show that the price is currently at the lower band, signaling a potential reversal upward. With the middle Bollinger Band serving as an initial target (around 1.0850), a sustained move above this level could lead towards the upper band, near 1.0900. RSI (Relative Strength Index): The RSI indicator stands at approximately 38.66, slightly above the oversold threshold (30). This indicates bearish exhaustion and potential for bullish recovery. However, traders should look for confirmation from additional bullish candles before initiating buy positions. MACD (Moving Average Convergence Divergence): MACD histogram bars are below the zero line but decreasing in magnitude, showing waning bearish momentum. The MACD lines are converging, suggesting a bullish crossover might occur soon, further reinforcing a potential bullish reversal. Williams %R: Currently at -80.86, this indicator reflects oversold conditions, implying that selling pressure may diminish, giving way to an upward price reversal or retracement soon. Traders should look out for an upward movement in the indicator as confirmation. Support and Resistance: Support: Immediate key support is observed at 1.0813, where recent price actions formed significant pin bar candles indicating buying pressure. Resistance: Initial resistance is identified at the middle Bollinger Band around 1.0850, followed by a stronger resistance at the upper Bollinger Band, around the 1.0900 psychological level. Conclusion and Consideration: EURUSD’s technical outlook on the H4 timeframe suggests a potential bullish reversal, supported by oversold conditions in the RSI and %R, and a reduction in bearish momentum on the MACD. Price action at the support level combined with today's significant PMI reports and speeches by Fed officials could induce volatility. Traders should manage positions carefully, considering the fundamental news events today, which may substantially influence EURUSD price movements. 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 03.24.2025 Link to comment Share on other sites More sharing options...
FXGlory Ltd Posted March 25 Author Share Posted March 25 BTCUSD Daily Technical and Fundamental Analysis for 03.25.2025 Time Zone: GMT +2 Time Frame: 4 Hours (H4) Fundamental Analysis: The BTC-USD pair is primarily driven by ongoing developments in regulatory landscapes and macroeconomic conditions. Today, traders will closely monitor remarks by Federal Reserve Governor Adriana Kugler and New York Fed President John Williams. Hawkish statements could strengthen the USD, potentially impacting BTCUSD negatively. Additionally, data on the US housing market, including the S&P Corelogic CS Indices and the House Price Index (HPI), may cause volatility, reflecting investor sentiment towards the USD and subsequently influencing Bitcoin's price action. Price Action: The BTC/USD H4 chart indicates a significant bullish breakout from its previous downtrend, marked clearly by crossing above the downward trendline (red). Currently, the price action has encountered resistance at the upper boundary of an ascending channel, highlighting a potential retracement scenario. The most recent candle, a bearish signal, further supports the probability of a short-term corrective move towards the lower boundary of the ascending channel before resuming the upward momentum. Key Technical Indicators: RSI (Relative Strength Index): The RSI currently stands at 67.71, nearing the overbought territory of 70. This signals that BTCUSD may experience limited upside potential in the short term, reinforcing expectations of a temporary pullback or consolidation period. MACD (Moving Average Convergence Divergence): The MACD histogram remains positive, though bars are slightly shortening, indicating a potential weakening in bullish momentum. Traders should observe the MACD line closely for signs of a bearish crossover, which would confirm a shift towards downward pressure. Stochastic Oscillator: Currently reading at 87.40, the Stochastic indicator clearly signals an overbought condition. This technical evidence strongly supports the likelihood of a forthcoming corrective move or a temporary bearish reversal before bulls regain control. Support and Resistance: Support: Immediate support lies near $84,200, the lower boundary of the ascending channel, followed by a stronger support around the previous resistance-turned-support at $82,260. Resistance: Initial resistance is currently observed at $87,870, coinciding with the top boundary of the ascending channel. Breaking above this could target the psychological resistance at $90,000. Conclusion and Consideration: BTC-USD on the H4 timeframe remains overall bullish following a breakout from a prior downtrend. However, the current technical indicators strongly suggest a potential short-term correction due to overbought conditions. Traders should exercise caution and closely monitor upcoming fundamental events from the US economic calendar, which might significantly impact short-term volatility. Proper risk management is recommended during these potentially turbulent trading conditions. 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 03.25.2025 Link to comment Share on other sites More sharing options...
FXGlory Ltd Posted March 26 Author Share Posted March 26 GBPUSD Daily Technical and Fundamental Analysis for 03.26.2025 Time Zone: GMT +2 Time Frame: 4 Hours (H4) Fundamental Analysis: The GBPUSD currency pair remains a key focus for traders navigating both UK and US economic shifts. Today, significant UK inflation data was released, with CPI y/y holding steady at 3.0%, while Core CPI came in slightly lower than forecast at 3.6%, suggesting inflationary pressures may be softening. RPI and HPI also declined marginally, which could reduce pressure on the Bank of England to raise rates aggressively. Adding to the volatility, the UK government’s Annual Budget Release is due later today, which may trigger fiscal policy changes impacting GBP sentiment. On the US side, market attention shifts to Core Durable Goods Orders, which came in at 0.2% versus a flat forecast, and Durable Goods Orders dropped by -1.1%, under expectations. Meanwhile, upcoming FOMC speeches and Crude Oil Inventories data may introduce short-term fluctuations in USD value. This mixed data outlook underpins a cautious tone in today's GBPUSD H4 fundamental chart analysis. Price Action: The GBPUSD H4 chart reveals a textbook price action setup. After a strong bullish impulse that lifted the pair above the 1.30 psychological zone, price corrected and entered a bearish flag channel, showing signs of consolidation and exhaustion. The price has tested the 23.6% Fibonacci retracement level twice but failed to close convincingly below it, highlighting it as a key pivot zone. Now, GBPUSD is attempting a third break beneath this level, and a successful move could accelerate downside momentum. The current structure fits within a bearish continuation pattern following an impulsive move up—often a signal that more downside correction is likely in the short term. Key Technical Indicators: MACD (12,26,9): The MACD histogram is marginally below the zero line, and both MACD and signal lines are in bearish alignment. This setup suggests bearish momentum may soon gain traction if the MACD begins widening negatively. RSI (14): The RSI is currently hovering around the neutral zone (50.34), slightly tilted downward, reflecting weakening bullish momentum and potential readiness for a deeper bearish wave. If RSI dips below 45, it would confirm increasing selling pressure. Support and Resistance: Support: Key support levels for GBPUSD on the H4 chart include 1.2905 (23.6% Fibonacci), 1.2825 (38.2%), and 1.2750 (50%), marking critical zones for potential bearish continuation. Resistance: Key resistance levels for GBPUSD are 1.3010 (channel top) and 1.3060 (swing high), both acting as major hurdles for bullish continuation. Conclusion and Consideration: In conclusion, the GBPUSD pair, as observed on the H4 chart, is entering a sensitive zone where momentum indicators and price structure suggest potential bearish continuation. The combination of soft UK inflation data and cautious US economic indicators adds weight to this bearish sentiment. The bearish flag pattern, repeated tests of Fibonacci support, and weakening RSI and MACD signals all point to a possible breakdown scenario. However, traders should remain cautious ahead of the UK Annual Budget Release and FOMC member speeches which may cause sharp intraday volatility. This GBPUSD H4 technical and fundamental analysis highlights the importance of monitoring upcoming price action around the 23.6% Fibonacci level as a decision point. 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 03.26.2025 Link to comment Share on other sites More sharing options...
FXGlory Ltd Posted March 27 Author Share Posted March 27 GOLDUSD (XAUUSD) H4 Technical and Fundamental Analysis for 03.27.2025 Time Zone: GMT +2 Time Frame: 4 Hours (H4) Fundamental Analysis: GOLD-USD (XAU/USD) is currently experiencing volatility influenced by today's significant economic news releases from the US. Upcoming remarks by US President Donald Trump concerning auto tariffs and the scheduled interview with Newsmax TV may create substantial fluctuations in USD valuation, directly impacting GOLD USD price movements. Additionally, critical economic indicators such as GDP data, Initial Jobless Claims, GDP Price Index, Trade Balance, Wholesale Inventories, Pending Home Sales, and Natural Gas Storage reports will further dictate market sentiment and trading volumes. Traders should remain cautious and monitor these fundamental catalysts closely for potential trading opportunities. Price Action: The H4 chart for XAU/USD indicates a corrective scenario, with the price recently breaking below key support lines and now hovering around a crucial horizontal support zone. This level aligns closely with the lower boundary of the Bollinger Bands, suggesting potential for a short-term consolidation or possible reversal. Recent candles display indecision, reflecting market uncertainty as buyers and sellers struggle to establish control. This price action indicates a pivotal moment for GOLD-USD, warranting careful monitoring for confirmation signals. Key Technical Indicators: Bollinger Bands: Bollinger Bands have contracted significantly, indicating low market volatility and signaling an impending breakout. Currently, GOLDUSD price is near the middle Bollinger Band (moving average), suggesting equilibrium between buyers and sellers. Traders should watch closely for a decisive breakout from the bands to determine the next significant market direction. RSI (Relative Strength Index): The RSI currently shows clear bearish divergence, indicating weakening bullish momentum. At a level of around 49.82, RSI is neutral but the divergence suggests a potential downward corrective movement. This confirms the price action signal of possible further bearish pressure. Parabolic SAR: The Parabolic SAR dots are positioned above the current price candles, clearly signaling bearish sentiment and suggesting the short-term trend favors sellers. Traders should view this as confirmation of the potential continuation of downward movement unless dots shift below price candles. MACD (Moving Average Convergence Divergence): MACD histogram bars are decreasing and approaching the zero line, indicating weakening bullish momentum and a potential bearish crossover. If a crossover occurs, this would strengthen the bearish outlook significantly and provide further confirmation for downward price potential. Support and Resistance Levels: Support: Immediate horizontal support is clearly defined around the 3003.55 level, a critical zone aligning with the lower Bollinger Band, providing a strong base for short-term price action. Resistance: Immediate resistance is identified around the 3035.00 mark, where the upper Bollinger Band and recent trend line converge, representing significant technical hurdles for bullish attempts. Conclusion and Consideration: The current technical scenario for XAUUSD on the H4 timeframe strongly indicates caution due to a potential bearish corrective move. Bearish divergence on RSI, Parabolic SAR indications, and weakening MACD histogram all collectively confirm this potential downside risk. However, significant fundamental catalysts from the US today could introduce volatility, altering the current technical setup. Traders are advised to carefully observe the price reaction around key support at 3003.55 and resistance at 3035.00, considering both technical confirmations and fundamental developments. Disclaimer: The analysis provided for GOLD/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 GOLDUSD. Market conditions can change quickly, so staying informed with the latest data is essential. FXGlory 03.27.2025 Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now