Daily Market Forecast By Capitalcore

[Capitalcore]

USD/CAD Current Market Overview

 

USD/CAD, also known as the “Loonie,” reflects the exchange rate between the U.S. dollar and the Canadian dollar. The pair has recently shown signs of bullish momentum, but this trend is beginning to lose steam, as evidenced in the latest price action. The chart displays a gradually weakening upward slope, suggesting that buyers might be losing control. Today, both the U.S. and Canadian economies are expected to release significant data, including U.S. housing starts and the Federal Reserve’s statement on interest rates, which could cause volatility. Additionally, the Bank of Canada (BoC) is expected to release the Summary of Deliberations, adding more potential for movement in the pair.

 

  Chart Notes: 

 • Chart time-zone is UTC (+03:00)
 • Candles’ time-frame is 4h.

Technically, the Relative Strength Index (RSI) has broken out of its bullish structure, indicating a possible shift toward bearish sentiment. Meanwhile, the Moving Average Convergence Divergence (MACD) is showing signs of a bearish wave potentially forming, with the MACD line approaching the signal line from above. Given the fundamental backdrop, including crude oil inventory reports, interest rate decisions, and projections, these indicators suggest caution for traders as a potential downturn may follow in the coming sessions.

• DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore Ltd”. This post has been published only for educational purposes.

Capitalcore

Edited September 29 by Capitalcore

[Capitalcore]

GBPUSD H4 Chart Indicators Outlook and Forecast

The GBPUSD forex pair, often referred to as "Cable," is a major currency pair that represents the British Pound against the US Dollar. This pair is widely traded in the forex market, and its movements are influenced by economic factors from both the UK and the US. Traders keep a close eye on it, especially when significant economic data or central bank announcements are expected.
For today's fundamental outlook on Cable, the upcoming releases from the Bank of England are highly anticipated by traders. The central bank's hawkish stance is expected to positively impact the GBP, especially if the Monetary Policy Committee (MPC) members vote for an interest rate hike or lean toward tightening policies. Insights from the minutes of the MPC meeting and the inflation letter due to CPI fluctuations will provide critical clues about the UK's economic health. On the US side, Treasury International Capital (TIC) flows and Philadelphia Fed Business Outlook Survey may affect the dollar, especially if demand for domestic securities surges, or if manufacturers display confidence in business conditions. Both of these indicators are pivotal for USD valuations in the coming trading sessions.

Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
In the Cable’s attached H4 chart, we can see a bullish trend for GBP/USD with a combination of both bearish and bullish candles, but the overall movement shows price appreciation. The Ichimoku Cloud, which acts as a dynamic support and resistance level, confirms the bullish outlook, with the price currently above the cloud. Furthermore, the pair trades between the 0.786 and 1 Fibonacci retracement levels, which signals potential resistance around the upper level. The MACD indicator shows a bullish divergence, with the histogram reflecting increasing buying momentum, suggesting the upward trend could continue. However, traders should remain cautious as minor corrections are still possible.

• DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes.

Capitalcore

[Capitalcore]

EURGBP H4 Technical Analysis: Bearish Trend in Focus

The EURGBP currency pair, often referred to by traders as "Chunnel" or the "Euro-Pound," represents the exchange rate between the Euro and the British Pound. Euro-Pound price is influenced heavily by macroeconomic data from both the Eurozone and the United Kingdom. For today, Euro news includes the Producer Price Index (PPI) and Consumer Confidence Index, both serving as important indicators of inflation and economic sentiment. ECB President Christine Lagarde's speech at the Michel Camdessus Central Banking Lecture could also provide key insights into future monetary policy, which may influence the Euro. On the UK side, news surrounding consumer confidence and retail sales will be critical in shaping market sentiment. With both regions facing inflationary pressures, today's data releases and speeches are expected to heighten volatility in the EURGBP pair.

Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Analyzing the EURGBP H4 chart, we can observe that the pair has been in a bearish trend, with four bullish candles out of the last eleven. The price has declined from the upper Bollinger Band to the middle band and touched the lower band, indicating increased volatility. After bouncing off the lower band, the last two candles have turned bullish, suggesting a potential short-term recovery. Currently, the Chunnel’s price is trading between the 1.0 Fibonacci level and the 0.786 level, highlighting a potential area of support. The RSI stands near the oversold zone, signaling that the bearish momentum may be weakening, and a bullish reversal could be imminent. Traders should watch for the price movement between these critical Fibonacci levels and observe the RSI for any divergence, which could provide further confirmation of a trend reversal.

• DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes.

Capitalcore
 

[Capitalcore]

EURUSD Daily Chart Technical Overview and Indicators

The EURUSD forex pair, often referred to by its nickname "Fiber," represents the trading relationship between the Euro and the U.S. Dollar, the two most traded currencies globally. This currency pair is heavily influenced by macroeconomic factors from both the Eurozone and the United States, making it a favorite among traders for its high liquidity and volatility. The upcoming release of Purchasing Managers' Index (PMI) data from the Eurozone today and the economic outlook discussion by key Federal Reserve members in the U.S. are likely to influence market sentiment and drive volatility in the pair.
The upcoming S&P Global PMI data for both manufacturing and services in the Eurozone is critical, as values above 50 indicate expansion, boosting the Euro, while values below 50 suggest contraction, leading to potential weakness. Similarly, speeches from Federal Reserve officials such as Raphael Bostic and Austan Goolsbee could hint at future monetary policy directions, especially if hawkish tones are observed, which would strengthen the U.S. Dollar. If the Euro PMI surprises to the upside, it could help push EUR USD price higher; conversely, stronger-than-expected comments from Fed officials might weigh on the Euro.

Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
In the H4 chart of EUR/USD, the pair has been in an upward trend recently, trading within the upper half of the Bollinger Bands. While the price touched the upper band, it has pulled back slightly over the last few candles, with the most recent candle being bearish. The price is currently hovering between the middle and upper Bollinger Bands, indicating that the pair may still maintain its bullish bias as long as it remains above the middle band. Moreover, the price is oscillating between the 0 and 0.236 Fibonacci retracement levels, suggesting a consolidation phase after recent gains.
The MACD indicator shows a weakening bullish momentum, with the histogram declining and the MACD lines appearing close to a potential bearish crossover. This could indicate short-term bearish pressure. However, as long as the price holds above key Fibonacci support levels, particularly around the 0.236 retracement, the bullish outlook might still prevail. Traders should closely monitor a potential breakout or breakdown of these levels to gauge the next significant price movement.

• DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes.

Capitalcore

 

[Capitalcore]

BTC/USD Price Forecast: Bullish Momentum within Channel

The BTC/USD pair has been trading within a well-defined bullish channel, as seen in the recent price action on the H4 chart. After a steady upward movement, the price has now entered a correction phase and is currently testing a key support zone near $63,273. This level represents a critical area to watch as the price approaches the lower bound of the ascending channel, offering a potential bounce-back point. Traders observing BTC price analysis and BTC/USD technical setups should note that the RSI is approaching neutral territory, suggesting that the recent bearish correction might be nearing its end.

Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
From a technical perspective, a hold above this support zone could indicate a continuation of the broader bullish trend. Should BTC/USD maintain support at current levels, there is a strong possibility of further upward movement towards $66,000 and beyond. However, a break below the channel could trigger a deeper pullback. For those monitoring BTC exchange rates and seeking insights into BTC price forecasts, this critical juncture in the price movement offers significant opportunities for both bulls and bears alike. Stay vigilant for further developments as the market consolidates within this key price range.

• DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes.

Capitalcore

[Capitalcore]

USDCHF Bullish Outlook with Strong Economic Data
 

The USD/CHF currency pair, commonly referred to as the "Swissie," represents the exchange rate between the US Dollar (USD) and the Swiss Franc (CHF). This pair is influenced by global economic events and interest rate differentials between the US and Switzerland. Today’s market focus is on upcoming US economic data releases and Federal Reserve statements, which are expected to impact the USD. With US Federal Reserve Governor Adriana Kugler due to speak about the economic outlook, traders are watching for any signs of hawkish policies that could support the USD. Additionally, key economic indicators like the GDP data and jobless claims are expected to provide a clearer picture of US economic health. If these releases come out stronger than forecast, the USD could see a bullish reaction, lifting USD/CHF higher. Meanwhile, the Swiss National Bank’s previous stance on maintaining strict monetary policies provides ongoing support to CHF, but attention remains on future SNB meetings for potential policy shifts.

Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
In the uploaded H4 USD/CHF chart, technical indicators support a bullish outlook. The price has shown a sharp upward trend with five consecutive bullish candles, bouncing from the lower Bollinger Band and approaching the upper band, which aligns slightly above the 0.786 Fibonacci retracement level. The current price lies between the 0.618 and 0.786 Fib levels, indicating that it is testing resistance. Bollinger Bands suggest expanding volatility, while the MACD histogram shows an increasing bullish momentum with the lines crossing into positive territory, signaling potential for further upside. Traders should monitor whether the price breaks above the upper Bollinger Band, which could signal continuation, or if it meets resistance near the 0.786 Fib level.
 

• DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes.
 

Capitalcore

[Capitalcore]

GBPUSD H4 Chart Bullish Momentum Outlook

The GBP/USD currency pair, commonly known as "Cable," represents the exchange rate between the British pound and the US dollar. This pair is widely traded in the forex market due to the economic strength of both countries. Today's GBP USD fundamental analysis hinges on key economic data from both the UK and the US, with particular attention to the Confederation of British Industry's (CBI) Distributive Trades Survey for the UK and multiple reports from the US, including a speech by Federal Reserve Governor Lisa Cook and the release of key personal consumption and trade data.
Fundamentally, GBPUSD could see volatility driven by these news events. Positive UK CBI data may boost the pound if sales volumes are better than forecasted, signaling consumer strength in the British economy. In contrast, the US dollar could strengthen if Federal Reserve Governor Lisa Cook gives hawkish signals about future monetary policy, or if consumer spending and trade data exceed expectations. Traders will focus on both countries' economic health, where strong US data could continue to support the dollar, while any weakness may allow the pound to rise against it, especially if UK retail figures outperform.

Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
In terms of technical analysis, the H4 chart for GBP/USD reveals a bullish trend. The price is moving within a rising channel and is positioned in the upper half of the Bollinger Bands, nearing the upper band, which often indicates strong bullish momentum. The price is also sitting between the 0.786 and 1 Fibonacci retracement levels, suggesting that it is approaching a critical resistance zone. Additionally, the RSI indicator shows the pair is not yet overbought but is approaching higher levels, suggesting that the bullish trend still has room to run before a potential reversal. Traders should watch for a breakout or rejection at these key Fibonacci levels, especially as fundamental news unfolds.

• DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes.

Capitalcore

[Capitalcore]

EUR/USD H4 Chart Bullish Momentum Analysis

The EUR/USD forex pair, often referred to as "Fiber," is the most traded currency pair globally, representing the exchange rate between the Euro (EUR) and the US Dollar (USD). The pair's performance is highly influenced by economic releases and geopolitical factors from the Eurozone and the United States, making it a key indicator for global market trends. With a multitude of events set to impact the pair today, traders are closely monitoring both European and U.S. developments, such as inflation data and central bank remarks, to gauge future price movements.
Today's EUR USD outlook is shaped by several key factors. For the Euro, traders will focus on the Import Price Index and Consumer Price Index (CPI) reports from Germany and Italy, both critical indicators of inflation. If these metrics exceed forecasts, they would signal rising inflationary pressures, potentially prompting the ECB to take a more hawkish stance, boosting the Euro. Furthermore, ECB President Christine Lagarde's speech could provide insights into future monetary policies, adding potential volatility to the Euro. On the U.S. side, Michelle Bowman's and Jerome Powell's speeches are pivotal as traders look for clues regarding future interest rate hikes. Any signs of hawkishness from Federal Reserve officials could strengthen the U.S. Dollar, especially if coupled with positive results from the Chicago PMI.

Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
The EUR/USD H4 chart reveals a bullish price trend channel, with several alternating bearish and bullish candles. Currently, the EUR USD pair is situated between the 0.382 and 0.236 Fibonacci retracement levels, suggesting ongoing upward momentum. The recent two green candles confirm bullish sentiment, and the price is close to breaking above the 0.236 Fibonacci level, which if successfully breached, could lead the price toward the 0.0 Fibonacci level near 1.12150. The RSI hovers slightly above 50, suggesting a moderate bullish bias. Meanwhile, the MACD indicator shows flattening momentum, with the signal line close to crossing above the histogram, implying potential consolidation before a further upward move. Overall, the fiber’s technical indicators align with the view that a sustained move above 1.1180 could trigger further gains.

• DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes.

Capitalcore
 

[Capitalcore]

BTC Price Forecast: Key Support Levels

Bitcoin (BTC) is one of the most actively traded cryptocurrencies, and its price is closely followed by traders and investors worldwide. In the current analysis, the BTC/USD price is trading within an upward channel, showing a general bullish trend. However, the recent pullback has brought the price near the lower boundary of the channel, just above the Ichimoku cloud. If the price breaks below this cloud, it could signal the continuation of a bearish wave, possibly pushing BTC lower. Traders should watch for a break below the Ichimoku cloud as a key bearish signal.

Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
The RSI on the chart indicates a bearish momentum, currently sitting around 36, showing that the BTC price may be approaching oversold conditions. This could provide some short-term support, but if the price fails to hold above the current support level of around $63,000, a further decline could follow. Traders looking for BTC analysis, Bitcoin price forecast, and BTC price predictions should monitor this chart closely, as a confirmed break below the cloud could lead to deeper corrections toward the $60,000 level.

• DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes.

Capitalcore

 

[Capitalcore]

GBP/USD Forecast: Downside Risk as Channel Breaks

 

The GBP/USD pair, commonly known as “Cable,” is one of the most traded forex pairs in the global currency market, representing the British Pound and the US Dollar. Traders focus on key economic data from both countries, as the pair reacts strongly to macroeconomic indicators, central bank actions, and geopolitical developments. This currency pair’s movement is often influenced by the monetary policies of the Federal Reserve (Fed) and the Bank of England (BoE), making it sensitive to both economic news and interest rate decisions. The GBP/USD fundamental outlook today will as always be highly impacted by today’s key releases from the US, including the ADP employment report, which gives early insights into job creation before the official US government data. A stronger ADP report would favor the US Dollar, leading to potential bearish pressure on the GBP/USD trading environment. Additionally, speeches by various Federal Reserve members, such as those from the Cleveland and St. Louis branches, could shed light on future interest rate policies. Any hawkish commentary would strengthen the dollar, putting further downward pressure on the pair. For the GBP side, the market will closely watch the BoE’s recent stress test results to gauge financial stability, which could affect the pair’s volatility.

 

Chart Notes: 
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Looking at the GBP/USD H4 chart, the price has been moving in a channel, but its recent price action shows a break of the channel’s lower boundary. The last five candles reflect a transition from a bullish momentum (green candles) to a bearish reversal (red candles). the Ichimoku cloud (Kumo) is showing signs of potential GBPUSD bearish pressure. The price has broken below the upward channel and is now testing the lower boundary of the cloud, indicating a shift in momentum. The cloud itself is relatively thin, suggesting that the current support level is weak. The stochastic oscillator shows oversold conditions, suggesting that although there is bearish momentum, a corrective pullback might be expected soon. Further downside could see the pair targeting support levels near the 1.3200 area.

•DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes.

Capitalcore

[Capitalcore]

EUR/USD Forex Pair Outlook: H4 Chart Insights

The EUR/USD forex pair, often called the "Fiber," is one of the most widely traded currency pairs globally, representing the strength of the Euro against the U.S. dollar. Forex traders closely watch macroeconomic indicators from both economies, including inflation, interest rates, and economic growth metrics, as they are key drivers of EURUSD market movements. Today, a key focus for EUR USD traders is the Purchasing Managers’ Index (PMI) from both the Eurozone and the U.S. A PMI reading above 50 for the Eurozone indicates economic expansion, while a figure below 50 would signal contraction, likely affecting the euro's strength. Meanwhile, U.S. labor data, particularly the jobless claims report, can influence the dollar depending on how the figures compare to market forecasts. 

Chart Notes: 
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
On the EURUSD H4 chart, the pair’s price action shows a clear downtrend within a descending channel. The last five candles have displayed mixed momentum, with three bullish green candles followed by two bearish red candles. The Parabolic SAR dots are positioned above the price, indicating continued selling pressure and the Fiber’s bearish outlook. Additionally, the MACD indicator is showing a bearish bias, with the histogram in negative territory and both the MACD and signal lines trending downward. This suggests that the bearish momentum may persist in the near term as long as the price remains under pressure from both the Parabolic SAR and the weakening MACD.

DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes.

Capitalcore
 

[Capitalcore]

USD/CAD Bullish Momentum on H4 Chart

The USD CAD currency pair, also known as the "Loonie," represents the exchange rate between the US dollar (USD) and the Canadian dollar (CAD). As a major forex pair, it is influenced by a variety of economic factors from both countries, including energy prices, monetary policies, and economic data releases. The Loonie pair is often traded by investors looking to capitalize on the strength or weakness of the US dollar relative to the Canadian dollar, with a particular focus on macroeconomic trends and oil price fluctuations.
Today's economic calendar includes significant data releases such as the US Non-Farm Payrolls (NFP) and Unemployment Rate, which are likely to have a strong impact on USD performance. An increase in NFP or a lower-than-expected Unemployment Rate would bolster the USD, potentially pushing USDCAD price higher, while weaker-than-expected data could weigh on the currency. Meanwhile, Canada’s Ivey PMI, a key gauge of business conditions, is also in focus. A stronger-than-forecast reading from the PMI would be bullish for the CAD, potentially limiting any USD strength. Additionally, hawkish comments from John Williams of the Federal Reserve could boost the dollar as traders anticipate tighter monetary policy in the future. All these factors create a high level of volatility in the USD/CAD market, making today a key moment for traders of the pair.

Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
On the technical side, the USD/CAD H4 chart shows a clear bullish trend, with 8 of the last 10 candles closing in the green. The price is currently testing the 0.382 Fibonacci retracement level at 1.35534, with bullish momentum pushing towards higher levels. The MACD histogram is showing increasing bullish momentum, and the MACD lines are in the process of a bullish crossover, signaling continued upward pressure. The Awesome Oscillator (AO) is also positive, reinforcing the bullish sentiment. The USD/CAD price is trading within a rising channel, indicating a steady uptrend, and if it breaks through the 0.382 Fibonacci level, the next resistance is likely at the 0.236 level around 1.35800. Overall, the chart signals potential further upside, but the 1.35534 level remains a crucial hurdle for bulls to overcome.

DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes.

Capitalcore
 

[Capitalcore]

USDJPY Daily Chart Technical Setup and Indicators

The USD/JPY forex pair, commonly known as the "Gopher," is one of the most actively traded pairs in the forex market, linking the U.S. dollar and the Japanese yen. It is highly sensitive to changes in U.S. monetary policy and Japanese economic data, making it a key indicator of the strength of the two largest economies. With the Federal Reserve expected to discuss potential hawkish adjustments in upcoming events today, including Federal Reserve Governor Michelle Bowman's participation in the Independent Bankers Association of Texas Annual Convention and Neel Kashkari's fireside chat, traders are keen to monitor any signals regarding future interest rate hikes. Increased hawkish sentiment could boost the USD, while dovish remarks could cause the USD/JPY pair to retract.

Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
On the technical side, the USD/JPY H4 chart shows strong bullish momentum as the price is positioned near the upper Bollinger band, indicating a sharp upward movement. The Bollinger bands have widened, signaling increased market volatility, while the price has been climbing at a steep 50-degree angle. The Fibonacci retracement levels highlight key areas of support and resistance, with the price trading between the 0 and 0.236 Fibonacci levels, suggesting that the price could be testing higher resistance. The MACD histogram also shows bullish sentiment, with a positive MACD line crossing, further reinforcing the upward momentum. However, traders should remain cautious for any possible corrections as the price approaches significant resistance levels.

DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes.

Capitalcore

 

[Capitalcore]

Key Support and Resistance Levels for XAU/USD

The XAU/USD pair represents the price of gold in terms of the U.S. Dollar. Gold, often referred to as a safe-haven asset, plays a crucial role in global markets, particularly in times of economic uncertainty. The pair is actively traded by investors looking to hedge against inflation, economic instability, or as part of broader portfolio diversification strategies.

Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
The 4-hour chart of XAUUSD shows the price consolidating within a symmetrical triangle pattern, indicating a period of indecision in the market. This triangle is formed as the price makes lower highs and higher lows, compressing into a smaller range. Both the Ichimoku Cloud and the RSI indicators are signaling mixed momentum, with the price hovering near key support levels. The RSI at 44.99 suggests neutral momentum, with room for further movement in either direction, while the cloud reflects mild bullish support but not strong enough to confirm a clear uptrend.
If the price breaks above the upper trendline of the triangle, it could signal a bullish continuation, potentially targeting the $2,650 level. Conversely, a break below the lower boundary could push the price toward the support near $2,600 or even lower. Traders are likely waiting for a breakout from this consolidation phase, as the current setup suggests an impending move, but the direction remains uncertain until confirmation.

DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes.

Capitalcore

 

[Capitalcore]

EUR/USD Forecast: Impact of Fed and ECB Policies

The EUR/USD forex pair, often referred to as "Fiber," is one of the most liquid and widely traded currency pairs in the world, reflecting the economic relationship between the Eurozone and the United States. Traders closely watch both the European Central Bank (ECB) and the Federal Reserve for monetary policy decisions that impact this pair. Today, EUR news from Destatis on the trade balance is expected to influence the EURUSD market sentiment, as a positive number could boost the Euro. Meanwhile, a series of speeches from key Federal Reserve members, including Philip Jefferson and Raphael Bostic, could provide insights into the future direction of U.S. interest rates, with any hawkish tone likely to support the USD, putting pressure on the Fiber’s exchange rate.

Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
In the uploaded EUR/USD H4 chart, the MACD shows signs of the pair’s weakening bearish momentum, as the histogram bars have reduced in size, signaling a possible shift in its market sentiment. Although the MACD line remains below the signal line, the reduction in downward pressure indicates that the bearish trend might be slowing down. Additionally, the Stochastic RSI is in overbought territory, suggesting that the recent upward correction may be nearing exhaustion, and a potential reversal to the downside could be on the horizon. Together, these indicators point to a cautious EUR/USD technical outlook, with the possibility of a bearish continuation if overbought conditions persist.

• DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes.

Capitalcore

[Capitalcore]

AUDUSD H4 Chart Hints at Potential Reversal

The AUD/USD forex pair, commonly referred to as the "Aussie," is a popular forex pair that reflects the exchange rate between the Australian Dollar (AUD) and the US Dollar (USD). The Aussie is heavily influenced by commodity prices, particularly metals and energy, as Australia is a major exporter of these resources. Additionally, the AUD USD pair is sensitive to economic data and central bank policy statements from both the Reserve Bank of Australia (RBA) and the Federal Reserve (Fed).
Fundamentally, the upcoming news impacting AUDUSD includes hawkish expectations from Federal Reserve officials and key inflation data from the US. Traders will closely monitor speeches by Federal Reserve representatives, as their comments may hint at future interest rate decisions. Any signs of more aggressive monetary tightening from the Fed could boost the USD, putting further downward pressure on the AUDUSD candles. Additionally, Australian consumer inflation expectations, released by the Melbourne Institute, could provide insights into potential inflationary pressures, influencing the RBA's rate decisions.

Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
The AUD/USD forex pair has been in a clear bearish trend, as shown in the Aussie’s H4 chart. Over the last 16 candles, 6 of them are green, indicating selling pressure. The price has moved from the 0.618 Fibonacci retracement level and is approaching the 0.786 level, suggesting further downside potential. The Ichimoku cloud confirms the bearish sentiment, with the AUD USD price trading below the cloud, indicating sustained downward momentum. However, the MACD and histogram show a weakening in bearish momentum, and the last candle is currently positive, signaling a potential pause in the downtrend or a possible bullish reversal. Traders should watch if the Aussie’s price can break above the downward channel for further confirmation of a shift in momentum.

DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes.

Capitalcore

 

[Capitalcore]

Trading GBPUSD H4 bearish trend with key indicators

The GBP/USD forex pair, also known as "Cable," is one of the most traded currency pairs in the forex market, representing the British Pound against the US Dollar. Its movements are heavily influenced by economic data releases from both the UK and the US. Today, key UK economic events such as the Gross Domestic Product (GDP) release, construction output, and the trade balance are set to impact the British Pound. Similarly, the US PPI data and speeches from Federal Reserve members will likely drive market sentiment for the US Dollar. A stronger-than-expected UK GDP could offer short-term support for the Pound, while hawkish comments from the Federal Reserve could strengthen the Dollar and maintain downward pressure on GBPUSD chart.

Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
On the GBP USD H4 chart, the price remains in a clear bearish trend, trading below the 50% Fibonacci retracement level, which suggests continued downside pressure. The Bollinger Bands have tightened, indicating lower volatility but hinting at a potential breakout. Price is primarily moving within the lower and middle bands, showing that it is struggling to regain upward momentum. Despite green bullish histogram candles from the MACD, the overall price movement is downward. The MACD line remains below the signal line, reinforcing the bearish outlook. With Cable’s price action nearing the 0.5 Fibonacci level, a further drop towards the 0.618 Fibonacci level could be expected unless bullish momentum builds up significantly.

DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes.

Capitalcore
 

[Capitalcore]

Key Technical Indicators for NZDUSD H4 Chart

The NZD/USD currency pair, also known as the "Kiwi," reflects the exchange rate between the New Zealand Dollar (NZD) and the US Dollar (USD). It is highly influenced by economic factors in both New Zealand and the US, including interest rates, central bank policies, and global commodity markets. Today, RBNZ Governor Adrian Orr's speech on improving Maori access to capital in Taupo will be closely monitored for any clues about future interest rate moves, which could impact NZD strength. On the USD side, Columbus Day in the US could result in lower market liquidity, while speeches from Federal Reserve officials like Neel Kashkari and Christopher Waller could introduce some volatility if hawkish comments on inflation or future rate hikes are made. Overall, volatility may remain higher than usual for NZD USD fx traders given these events.

Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
In the NZDUSD H4 chart, price action is currently showing signs of recovery after a bearish streak, with 6 of the last 15 candles being red. The Bollinger Bands indicate a bullish movement as the price has moved from the lower half toward the middle band, currently hovering around the middle band and attempting to break higher. The NZDUSD price is trading between the 0 and 0.236 Fibonacci retracement levels, suggesting a potential retracement to higher levels if the bullish momentum continues. The MACD shows a bullish crossover, with the MACD line rising above the signal line, supported by increasing bullish histogram bars, reinforcing the short-term bullish outlook. However, the Kiwi’s price faces resistance at the 0.61337 level, as seen in today’s h4 chart, and breaking above this could lead to further gains.

DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes.

Capitalcore

 

[Capitalcore]

GBPCAD Forecast: Impact of UK Inflation Data

 

The GBP/CAD currency pair, often referred to as "The Beast" due to its volatility, involves the British Pound (GBP) and the Canadian Dollar (CAD). This pair’s news analysis is influenced by both the UK's macroeconomic factors and the price of oil, which impacts the Canadian economy heavily. With today's upcoming news on the UK’s Consumer Price Index (CPI) and Producer Price Index (PPI), both of which are key inflation indicators, traders are likely to monitor how these reports could affect the Bank of England's stance on monetary policy. If the actual figures come in higher than expected, the GBP could see a boost due to potential interest rate hikes aimed at controlling inflation. On the CAD side, data from Canada’s housing sector and manufacturing sales will also be significant, as strong numbers here could bolster the Canadian dollar.

Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
As for the pair’s technical analysis, examining the GBP/CAD H4 chart and the MACD indicator highlights its recent price movements. The last five candles have moved from the lower part of an upward channel towards the middle, showing three consecutive green candles followed by two red ones. This shift suggests a weakening of the GBPCAD bullish trend. The MACD indicator is also showing signs of bearish momentum, as the lines converge, and the histogram reflects decreasing upward momentum. The overall pattern suggests that while the price has pulled back slightly, it remains within the channel and could either continue downwards or find support for a bullish rebound depending on upcoming economic data.

• DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes.

Capitalcore

[Capitalcore]

EURUSD H4 Price Action Analysis and Forecast for Today

The EUR/USD currency pair, often referred to as the "Fiber," is one of the most actively traded pairs in the forex market, representing the Eurozone's economic strength versus the U.S. dollar. Today, several economic events, including the Consumer Price Index (CPI) reports and bond yields, will impact EUR/USD. If inflation in the Eurozone comes in higher than forecasted, it could support the euro due to expectations of tighter monetary policy from the European Central Bank (ECB). On the other hand, U.S. retail sales and jobless claims reports, along with Philadelphia Fed business data, will influence the U.S. dollar, with better-than-expected figures possibly boosting the dollar. These news releases are key drivers for today's market sentiment and will significantly influence EUR/USD movements.

Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
From a technical standpoint, the EUR/USD H4 chart shows a clear bearish trend. The Ichimoku cloud indicates strong downward momentum, as the price is below the cloud, and the trendline drawn from previous highs suggests continued selling pressure. The Fibonacci Retracement Levels demonstrate that the price has recently touched the 0.786 level and is moving toward the 1.0 level, signaling a potential further decline if the support level breaks. The Awesome Oscillator (AO) reflects ongoing bearish momentum with no sign of reversal, with only three bullish candles appearing out of the last ten. As the price remains below key support levels and the cloud, sellers maintain control, and a break below the 0.786 Fibonacci level could open the path for further downside.

DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes.

Capitalcore