GBPUSD Price Prediction for July 31st
The GBP/USD, often referred to as "Cable," is currently experiencing interesting dynamics in its price action. The H4 chart reveals that the pair has recently broken below the Ichimoku Cloud, suggesting a bearish sentiment. However, this does not necessarily spell doom for the bulls. The continuation of the bullish wave remains a possibility as long as the price does not fall below the 0.618 Fibonacci retracement level of the previous bullish wave. This level serves as a critical support, providing a potential floor from which the pair could bounce back.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Despite the recent bearish signals, there are signs that the market might be gearing up for another upward move. The GBP/USD has found support around the 1.2840 level, which coincides with the key Fibonacci retracement. Meanwhile, resistance is noted near 1.2889. If the pair manages to hold above the 0.618 Fibonacci level, it could attract buyers and potentially resume its upward trajectory. Traders should closely monitor these levels for possible bullish reversals or confirmations of further bearish momentum. As always, staying informed about upcoming economic data and geopolitical developments is crucial for making well-informed trading decisions.
• 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
Topic: Daily Market Forecast By Capitalcore - page 2. (Read 606 times)
Fundamental and Technical Outlook for EUR/GBP
The EUR/GBP currency pair, often referred to as the “Chunnel” due to the Chunnel (Channel Tunnel) connecting Britain and mainland Europe, represents the exchange rate between the Euro and the British Pound. This pair is influenced by economic data releases, geopolitical events, and central bank policies from both the Eurozone and the United Kingdom.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
The EUR/GBP fundamental analysis today is navigating through various economic indicators from both the Eurozone and the UK, with significant upcoming data from INSEE on consumer spending and GDP, as well as Destatis CPI figures, which are expected to influence the Euro. On the UK side, the British Retail Consortium’s price index and Debt Management Office’s bond yields are in focus. Now to the pair’s technical analysis, the EUR/GBP H4 chart shows the price trading within a rising channel, indicating a potential bullish trend. The Chunnel’s price action suggests a pullback from the upper boundary of the channel, with the price testing the lower Bollinger Band, suggesting potential support around the current level. The Parabolic SAR dots are above the price, indicating a bearish phase. Immediate support is at 0.84151, with critical support at 0.83955, and resistance levels at 0.84423 and 0.84588. Positive economic data releases could strengthen the Euro, while strong UK retail data could support the Pound, with bond yields providing insights into investor confidence and interest rate expectations.
• 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
The EUR/GBP currency pair, often referred to as the “Chunnel” due to the Chunnel (Channel Tunnel) connecting Britain and mainland Europe, represents the exchange rate between the Euro and the British Pound. This pair is influenced by economic data releases, geopolitical events, and central bank policies from both the Eurozone and the United Kingdom.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
The EUR/GBP fundamental analysis today is navigating through various economic indicators from both the Eurozone and the UK, with significant upcoming data from INSEE on consumer spending and GDP, as well as Destatis CPI figures, which are expected to influence the Euro. On the UK side, the British Retail Consortium’s price index and Debt Management Office’s bond yields are in focus. Now to the pair’s technical analysis, the EUR/GBP H4 chart shows the price trading within a rising channel, indicating a potential bullish trend. The Chunnel’s price action suggests a pullback from the upper boundary of the channel, with the price testing the lower Bollinger Band, suggesting potential support around the current level. The Parabolic SAR dots are above the price, indicating a bearish phase. Immediate support is at 0.84151, with critical support at 0.83955, and resistance levels at 0.84423 and 0.84588. Positive economic data releases could strengthen the Euro, while strong UK retail data could support the Pound, with bond yields providing insights into investor confidence and interest rate expectations.
• 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
EURUSD H4 Chart Insights and Predictions
The EURUSD forex pair, often nicknamed “Fiber,” is a popular currency pair in trading, representing the euro against the U.S. dollar. This pair is heavily influenced by economic indicators from both the Eurozone and the United States, making it a prime choice for traders seeking to capitalize on macroeconomic trends. Today’s focus is on the upcoming Eurozone Consumer Confidence report and the U.S. Pending Home Sales data, both of which are expected to create significant market movements.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
The H4 chart for EURUSD shows several key technical indicators: Bollinger Bands, Volume, MACD, and Fibonacci Retracement levels. The Bollinger Bands have tightened, indicating reduced volatility, while the price has moved from the lower half toward the upper half of the bands and is currently fluctuating within the upper half. This suggests a generally positive trend with a mixture of bullish and bearish candles. The MACD indicator shows a potential bullish crossover, reinforcing the likelihood of a continued upward movement. Fibonacci retracement levels highlight key support and resistance areas, with the price recently testing and moving above the 50% retracement level, suggesting a potential further upward trend.
• 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
The EURUSD forex pair, often nicknamed “Fiber,” is a popular currency pair in trading, representing the euro against the U.S. dollar. This pair is heavily influenced by economic indicators from both the Eurozone and the United States, making it a prime choice for traders seeking to capitalize on macroeconomic trends. Today’s focus is on the upcoming Eurozone Consumer Confidence report and the U.S. Pending Home Sales data, both of which are expected to create significant market movements.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
The H4 chart for EURUSD shows several key technical indicators: Bollinger Bands, Volume, MACD, and Fibonacci Retracement levels. The Bollinger Bands have tightened, indicating reduced volatility, while the price has moved from the lower half toward the upper half of the bands and is currently fluctuating within the upper half. This suggests a generally positive trend with a mixture of bullish and bearish candles. The MACD indicator shows a potential bullish crossover, reinforcing the likelihood of a continued upward movement. Fibonacci retracement levels highlight key support and resistance areas, with the price recently testing and moving above the 50% retracement level, suggesting a potential further upward trend.
• 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
Current Market Sentiment and Technicals on AUD/USD H4 Chart
The AUD/USD forex pair, often referred to by its nickname “Aussie,” is a popular currency pair in the forex market, representing the exchange rate between the Australian Dollar (AUD) and the United States Dollar (USD). This pair is influenced by various economic factors, including interest rates, commodity prices, and economic data from both Australia and the United States. Today, the focus will be on several key economic indicators from the U.S. which may impact the AUD/USD pair.
The U.S. Core PCE Price Index m/m is forecasted at 0.2%, indicating a potential influence on inflation expectations and monetary policy decisions by the Federal Reserve. A lower-than-forecast result could weaken the USD, providing some support to the AUD. Additionally, Personal Income and Personal Spending data, forecasted at 0.4% and 0.3% respectively, will give insights into consumer health and economic activity. The Revised University of Michigan Consumer Sentiment and Inflation Expectations are also crucial, as they reflect consumer confidence and inflation outlook. Any deviation from forecasts in these data points could lead to significant movements in the AUD/USD pair. Moreover, the ongoing G20 meetings may introduce additional volatility, as global economic policies and issues are discussed, potentially impacting currency markets.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
The H4 chart of AUD/USD shows a strong bearish trend, characterized by a series of red candles over the past few days, with only a few bullish interruptions. The price has consistently moved within the lower half of the Bollinger Bands, often touching or staying close to the lower band, indicating strong downward momentum. Despite the bands widening, indicating increased volatility, the price has failed to reach the middle band, reinforcing the bearish outlook in the AUDUSD price. The MACD and histogram also support this bearish trend, showing a downward trajectory. The Fibonacci retracement levels have not significantly stopped the downtrend, serving only as minor resistance points. After touching the 1.0 Fibonacci level, the price experienced a brief bullish correction, but the most recent candle has turned bearish again, suggesting that the downtrend may continue.
• 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
The AUD/USD forex pair, often referred to by its nickname “Aussie,” is a popular currency pair in the forex market, representing the exchange rate between the Australian Dollar (AUD) and the United States Dollar (USD). This pair is influenced by various economic factors, including interest rates, commodity prices, and economic data from both Australia and the United States. Today, the focus will be on several key economic indicators from the U.S. which may impact the AUD/USD pair.
The U.S. Core PCE Price Index m/m is forecasted at 0.2%, indicating a potential influence on inflation expectations and monetary policy decisions by the Federal Reserve. A lower-than-forecast result could weaken the USD, providing some support to the AUD. Additionally, Personal Income and Personal Spending data, forecasted at 0.4% and 0.3% respectively, will give insights into consumer health and economic activity. The Revised University of Michigan Consumer Sentiment and Inflation Expectations are also crucial, as they reflect consumer confidence and inflation outlook. Any deviation from forecasts in these data points could lead to significant movements in the AUD/USD pair. Moreover, the ongoing G20 meetings may introduce additional volatility, as global economic policies and issues are discussed, potentially impacting currency markets.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
The H4 chart of AUD/USD shows a strong bearish trend, characterized by a series of red candles over the past few days, with only a few bullish interruptions. The price has consistently moved within the lower half of the Bollinger Bands, often touching or staying close to the lower band, indicating strong downward momentum. Despite the bands widening, indicating increased volatility, the price has failed to reach the middle band, reinforcing the bearish outlook in the AUDUSD price. The MACD and histogram also support this bearish trend, showing a downward trajectory. The Fibonacci retracement levels have not significantly stopped the downtrend, serving only as minor resistance points. After touching the 1.0 Fibonacci level, the price experienced a brief bullish correction, but the most recent candle has turned bearish again, suggesting that the downtrend may continue.
• 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
USDJPY Price Action Nears Critical Support Zone
The USDJPY forex pair, often referred to by its nickname “the ninja,” is one of the most actively traded currency pairs in the foreign exchange market. Known for its high liquidity and tight spreads, it represents the exchange rate between the US dollar (USD) and the Japanese yen (JPY). As a major currency pair, it is influenced by economic policies and geopolitical developments in both the United States and Japan.
Fundamentally, the upcoming news for today includes several events that could impact the USDJPY pair. FOMC members Bowman and Logan are expected to deliver low-impact speeches, which might provide subtle hints about future monetary policy. Additionally, President Biden’s announcement on his decision to drop out of the 2024 presidential race is expected to have a low impact. However, high-impact events such as the release of the Advance GDP q/q with a forecast of 2.0%, and Unemployment Claims forecasted at 237K, will be critical. These indicators reflect the overall economic health and labor market conditions in the US. An actual GDP figure above the forecast would be bullish for the USD, while lower-than-expected unemployment claims would also support the dollar. The Advance GDP Price Index and Core Durable Goods Orders m/m are medium-impact events that could further influence the market sentiment.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Analyzing the USDJPY H4 chart, we observe that the price has been moving in the lower half of the Bollinger Bands, indicating a bearish trend. The bands have widened, reflecting increased volatility. However, the latest candle is green, suggesting a potential bullish reversal. The Fibonacci retracement levels show significant resistance and support areas, with the price recently bouncing off the 0.786 level. The MACD indicator shows that the MACD line has crossed below the signal line, confirming bearish momentum. However, the histogram shows a reduction in bearish momentum, aligning with the recent green candle, which could indicate a possible 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
The USDJPY forex pair, often referred to by its nickname “the ninja,” is one of the most actively traded currency pairs in the foreign exchange market. Known for its high liquidity and tight spreads, it represents the exchange rate between the US dollar (USD) and the Japanese yen (JPY). As a major currency pair, it is influenced by economic policies and geopolitical developments in both the United States and Japan.
Fundamentally, the upcoming news for today includes several events that could impact the USDJPY pair. FOMC members Bowman and Logan are expected to deliver low-impact speeches, which might provide subtle hints about future monetary policy. Additionally, President Biden’s announcement on his decision to drop out of the 2024 presidential race is expected to have a low impact. However, high-impact events such as the release of the Advance GDP q/q with a forecast of 2.0%, and Unemployment Claims forecasted at 237K, will be critical. These indicators reflect the overall economic health and labor market conditions in the US. An actual GDP figure above the forecast would be bullish for the USD, while lower-than-expected unemployment claims would also support the dollar. The Advance GDP Price Index and Core Durable Goods Orders m/m are medium-impact events that could further influence the market sentiment.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Analyzing the USDJPY H4 chart, we observe that the price has been moving in the lower half of the Bollinger Bands, indicating a bearish trend. The bands have widened, reflecting increased volatility. However, the latest candle is green, suggesting a potential bullish reversal. The Fibonacci retracement levels show significant resistance and support areas, with the price recently bouncing off the 0.786 level. The MACD indicator shows that the MACD line has crossed below the signal line, confirming bearish momentum. However, the histogram shows a reduction in bearish momentum, aligning with the recent green candle, which could indicate a possible 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
EUR/GBP H4 chart Forecast: What to Expect Next
EUR/GBP forex pair, often referred to as "Chunnel" has been exhibiting a steady bearish trend on the H4 candlestick chart today. The price of Euro against The Great Britain Pound has been consistently forming lower lows and lower highs within a descending channel, highlighting the persistent bearish momentum. Currently, the price is approaching a critical resistance level around 0.84300. The reaction of the price to this resistance zone will be crucial in determining the next move. Given the established bearish channel, this is predicted that the price on this pair will face rejection at this resistance and continue its downward trajectory.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
In terms of upcoming economic indicators relating to this forex pair, the EUR is set to see significant activity with the release of the French Flash Manufacturing and French Flash Services PMI. Additionally, the German Flash Manufacturing PMI and German Flash Services PMI are also scheduled for release. These figures are critical as they can significantly influence the EUR's strength and therefore this could greatly affect the price predictions on EURGBP. Analyzing the news On the GBP side, the Flash Manufacturing PMI and Flash Services PMI will be released. Positive PMI data from Germany and France could support the EUR, potentially leading to a test of the resistance zone. Conversely, better-than-expected UK PMI figures could strengthen the GBP, reinforcing the bearish outlook for EUR/GBP and driving the price lower within the bearish channel.
In summary, traders should closely monitor the price action around the 0.84300 resistance level. The upcoming PMI data releases for both EUR and GBP will be pivotal in determining the short-term direction of EUR/GBP on H4 candlestick chart. Considering the current technical setup and fundamental expectations, a continuation of the bearish trend remains the most probable scenario.
• 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
EUR/GBP forex pair, often referred to as "Chunnel" has been exhibiting a steady bearish trend on the H4 candlestick chart today. The price of Euro against The Great Britain Pound has been consistently forming lower lows and lower highs within a descending channel, highlighting the persistent bearish momentum. Currently, the price is approaching a critical resistance level around 0.84300. The reaction of the price to this resistance zone will be crucial in determining the next move. Given the established bearish channel, this is predicted that the price on this pair will face rejection at this resistance and continue its downward trajectory.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
In terms of upcoming economic indicators relating to this forex pair, the EUR is set to see significant activity with the release of the French Flash Manufacturing and French Flash Services PMI. Additionally, the German Flash Manufacturing PMI and German Flash Services PMI are also scheduled for release. These figures are critical as they can significantly influence the EUR's strength and therefore this could greatly affect the price predictions on EURGBP. Analyzing the news On the GBP side, the Flash Manufacturing PMI and Flash Services PMI will be released. Positive PMI data from Germany and France could support the EUR, potentially leading to a test of the resistance zone. Conversely, better-than-expected UK PMI figures could strengthen the GBP, reinforcing the bearish outlook for EUR/GBP and driving the price lower within the bearish channel.
In summary, traders should closely monitor the price action around the 0.84300 resistance level. The upcoming PMI data releases for both EUR and GBP will be pivotal in determining the short-term direction of EUR/GBP on H4 candlestick chart. Considering the current technical setup and fundamental expectations, a continuation of the bearish trend remains the most probable scenario.
• 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
EUR/USD Price Prediction for July 23rd
The EUR/USD forex pair, often referred to as the “Fiber,” is a major currency pair that represents the exchange rate between the Euro and the US Dollar. This pair is highly popular among traders due to its liquidity and volatility, making it a key focus in the forex market. In the current EUR/USD H4 candlestick chart, we observe an interesting setup that suggests a potential bullish move is on the horizon.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
The MACD indicator on EURUSD chart is showing signs of entering an ascending phase, indicating increasing bullish momentum. Additionally, the RSI, which has recently started a smooth upward trajectory from below 50, further supports the bullish sentiment on the Fiber. Analyzing the price actions of this forex pair, it’s evident that EURUSD has been forming higher highs without recording a lower low, strengthening the bullish outlook. For traders and investors looking for EUR/USD H4 price action and chart forecast, today’s analysis highlights an opportunity for a bullish continuation in the short term.
In summary, the combination of technical indicators and price action patterns on the EUR/USD H4 chart suggests a favorable scenario for a bullish move. As the MACD and RSI both indicate strengthening bullish momentum, and the price action shows consistent higher highs, the EUR/USD pair looks poised for 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
The EUR/USD forex pair, often referred to as the “Fiber,” is a major currency pair that represents the exchange rate between the Euro and the US Dollar. This pair is highly popular among traders due to its liquidity and volatility, making it a key focus in the forex market. In the current EUR/USD H4 candlestick chart, we observe an interesting setup that suggests a potential bullish move is on the horizon.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
The MACD indicator on EURUSD chart is showing signs of entering an ascending phase, indicating increasing bullish momentum. Additionally, the RSI, which has recently started a smooth upward trajectory from below 50, further supports the bullish sentiment on the Fiber. Analyzing the price actions of this forex pair, it’s evident that EURUSD has been forming higher highs without recording a lower low, strengthening the bullish outlook. For traders and investors looking for EUR/USD H4 price action and chart forecast, today’s analysis highlights an opportunity for a bullish continuation in the short term.
In summary, the combination of technical indicators and price action patterns on the EUR/USD H4 chart suggests a favorable scenario for a bullish move. As the MACD and RSI both indicate strengthening bullish momentum, and the price action shows consistent higher highs, the EUR/USD pair looks poised for 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
NZDUSD: Impact of US Political News on Kiwi
The NZD/USD forex pair, often referred to as the “Kiwi,” is a popular trading pair known for its volatility and liquidity. The upcoming New Zealand trade balance report, with a forecast of 294 million, is expected to have a low impact on the NZD. A higher-than-expected figure would be favorable, indicating stronger export demand. Concurrently, President Joe Biden’s withdrawal from the 2024 presidential race and his endorsement of Kamala Harris are significant developments. This unexpected political shift may introduce high volatility for the USD Currency, potentially impacting the NZDUSD pair.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
In the provided NZD/USD H4 chart, the Bollinger Bands indicate increased volatility as they have widened significantly. The last 10 candles predominantly show a bearish trend with nine red candles, reflecting strong selling pressure. However, the MACD indicator is suggesting a potential bullish reversal, as the histogram is showing signs of convergence, and the signal line appears to be crossing upward. The price has been moving from the middle band towards the lower band, touching it several times, which often signifies oversold conditions. Currently, the price is slightly above the lower band, suggesting a possible reversal. The Fibonacci retracement levels show that the price is oscillating between the 0.78 and 1.00 levels, indicating key support and resistance zones.
• 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
The NZD/USD forex pair, often referred to as the “Kiwi,” is a popular trading pair known for its volatility and liquidity. The upcoming New Zealand trade balance report, with a forecast of 294 million, is expected to have a low impact on the NZD. A higher-than-expected figure would be favorable, indicating stronger export demand. Concurrently, President Joe Biden’s withdrawal from the 2024 presidential race and his endorsement of Kamala Harris are significant developments. This unexpected political shift may introduce high volatility for the USD Currency, potentially impacting the NZDUSD pair.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
In the provided NZD/USD H4 chart, the Bollinger Bands indicate increased volatility as they have widened significantly. The last 10 candles predominantly show a bearish trend with nine red candles, reflecting strong selling pressure. However, the MACD indicator is suggesting a potential bullish reversal, as the histogram is showing signs of convergence, and the signal line appears to be crossing upward. The price has been moving from the middle band towards the lower band, touching it several times, which often signifies oversold conditions. Currently, the price is slightly above the lower band, suggesting a possible reversal. The Fibonacci retracement levels show that the price is oscillating between the 0.78 and 1.00 levels, indicating key support and resistance zones.
• 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
EURGBP Technical Analysis and Chart Signals
The EUR/GBP pair, commonly known as the “Chunnel” pair, reflects the exchange rate between the euro and the British pound. This pair is significantly impacted by economic indicators, political events, and central bank policies from both the Eurozone and the United Kingdom. Today, the market’s focus is on the German PPI, Eurozone Current Account, UK GfK Consumer Confidence, and UK Retail Sales data, which could introduce substantial volatility. The German Producer Price Index (PPI) is expected to show a minimal increase of 0.1%, signaling mild inflationary pressures in the Eurozone’s largest economy. The Eurozone’s Current Account surplus is forecasted to be 34.6 billion, indicating healthy international trade flows. On the UK side, GfK Consumer Confidence is projected at -12, reflecting moderate consumer pessimism. However, the UK Retail Sales are anticipated to decline by 0.6% month-on-month, which could weigh heavily on the British pound if realized. These mixed economic indicators suggest potential near-term volatility for the EUR/GBP pair.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Analyzing the EUR/GBP H4 chart, the pair has transitioned from a bearish trend to a bullish one over the last 10 candles, with 7 of them being bullish. The Bollinger Bands, which had tightened, are now widening again, suggesting increasing volatility. The price has moved above the 0.236 Fibonacci retracement level and is positioned within the upper half of the Bollinger Bands. The MACD indicator shows a bullish crossover, indicating potential upward momentum. If this bullish trend continues, the price could rise towards the next resistance at the 0.382 Fibonacci level, with further potential to reach higher 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
The EUR/GBP pair, commonly known as the “Chunnel” pair, reflects the exchange rate between the euro and the British pound. This pair is significantly impacted by economic indicators, political events, and central bank policies from both the Eurozone and the United Kingdom. Today, the market’s focus is on the German PPI, Eurozone Current Account, UK GfK Consumer Confidence, and UK Retail Sales data, which could introduce substantial volatility. The German Producer Price Index (PPI) is expected to show a minimal increase of 0.1%, signaling mild inflationary pressures in the Eurozone’s largest economy. The Eurozone’s Current Account surplus is forecasted to be 34.6 billion, indicating healthy international trade flows. On the UK side, GfK Consumer Confidence is projected at -12, reflecting moderate consumer pessimism. However, the UK Retail Sales are anticipated to decline by 0.6% month-on-month, which could weigh heavily on the British pound if realized. These mixed economic indicators suggest potential near-term volatility for the EUR/GBP pair.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Analyzing the EUR/GBP H4 chart, the pair has transitioned from a bearish trend to a bullish one over the last 10 candles, with 7 of them being bullish. The Bollinger Bands, which had tightened, are now widening again, suggesting increasing volatility. The price has moved above the 0.236 Fibonacci retracement level and is positioned within the upper half of the Bollinger Bands. The MACD indicator shows a bullish crossover, indicating potential upward momentum. If this bullish trend continues, the price could rise towards the next resistance at the 0.382 Fibonacci level, with further potential to reach higher 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
Analyzing GBPUSD’s Strength on the H4 Chart
The GBPUSD forex pair, commonly referred to as the “Cable,” represents the exchange rate between the British Pound (GBP) and the US Dollar (USD). It is one of the most traded currency pairs in the world, offering significant liquidity and numerous trading opportunities due to its relative volatility and market depth. The nickname “Cable” originates from the first transatlantic communication cable that connected the UK and USA, which was used to transmit currency prices between the two economies. Today’s fundamental analysis for GBPUSD is shaped by a series of high, middle, and low impact news events affecting both currencies. For the GBP, key releases include the Claimant Count Change and Average Earnings Index, which are crucial indicators of labor market health and are likely to influence the Bank of England’s monetary policy decisions. Simultaneously, the USD faces its own critical data with the Unemployment Claims and the Philly Fed Manufacturing Index, providing insights into the US economic landscape. The interplay of these reports could lead to increased volatility and trading opportunities in the GBPUSD pair, with potential strengthening in the Pound if the UK’s employment data outperforms expectations and weakening if US data suggests a robust economic outlook.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Analyzing the uploaded H4 chart of the GBPUSD pair with indicators such as Bollinger Bands, MACD, and Fibonacci levels, we observe a bullish trend. The candles have predominantly been in the upper half of the Bollinger Bands, oscillating between the middle and upper bands, indicating a sustained uptrend. The MACD shows a bullish momentum as it remains above the signal line. Additionally, the recent price action respecting the Fibonacci retracement levels suggests strong support and resistance zones, aiding traders in identifying potential entry and exit points.
• 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
The GBPUSD forex pair, commonly referred to as the “Cable,” represents the exchange rate between the British Pound (GBP) and the US Dollar (USD). It is one of the most traded currency pairs in the world, offering significant liquidity and numerous trading opportunities due to its relative volatility and market depth. The nickname “Cable” originates from the first transatlantic communication cable that connected the UK and USA, which was used to transmit currency prices between the two economies. Today’s fundamental analysis for GBPUSD is shaped by a series of high, middle, and low impact news events affecting both currencies. For the GBP, key releases include the Claimant Count Change and Average Earnings Index, which are crucial indicators of labor market health and are likely to influence the Bank of England’s monetary policy decisions. Simultaneously, the USD faces its own critical data with the Unemployment Claims and the Philly Fed Manufacturing Index, providing insights into the US economic landscape. The interplay of these reports could lead to increased volatility and trading opportunities in the GBPUSD pair, with potential strengthening in the Pound if the UK’s employment data outperforms expectations and weakening if US data suggests a robust economic outlook.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Analyzing the uploaded H4 chart of the GBPUSD pair with indicators such as Bollinger Bands, MACD, and Fibonacci levels, we observe a bullish trend. The candles have predominantly been in the upper half of the Bollinger Bands, oscillating between the middle and upper bands, indicating a sustained uptrend. The MACD shows a bullish momentum as it remains above the signal line. Additionally, the recent price action respecting the Fibonacci retracement levels suggests strong support and resistance zones, aiding traders in identifying potential entry and exit points.
• 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
EURUSD Price Analysis and Forecast
The EURUSD forex pair today is hovering around a significant resistance zone, indicating potential bearish movements in the near term. Analysing the technical indicators on this pair suggest a possible downturn as the price line maintains a considerable distance from the Ichimoku Cloud, signaling overbought conditions. The RSI indicator analysis is revealing negative divergence while remaining above the 70 level, reinforcing the overbought status and hinting at an impending bearish phase. Also, the recent candlestick patterns on this pair, the fiber, display bearish characteristics, adding to the likelihood of a price decline. Traders should be cautious and consider the fiber’s chart trading signals when making trading decisions.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
In addition to the technical outlook, fundamental factors are poised to influence EURUSD movements. Key economic data releases are scheduled, including the Italian Trade Balance, the Eurozone Trade Balance, and the ZEW Economic Sentiment for both the Eurozone and Germany. The forecasts indicate potential declines compared to previous figures, suggesting weaker economic sentiment and trade performance in the Eurozone. If the actual data aligns with or falls below these forecasts, it could exert additional downward pressure on the EURUSD, amplifying the bearish sentiment observed in the technical analysis.
Traders should monitor these economic releases on EUR and USD currencies closely as they can significantly impact the EURUSD price action, potentially validating the bearish predictions derived from the current technical indicators.
• 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
The EURUSD forex pair today is hovering around a significant resistance zone, indicating potential bearish movements in the near term. Analysing the technical indicators on this pair suggest a possible downturn as the price line maintains a considerable distance from the Ichimoku Cloud, signaling overbought conditions. The RSI indicator analysis is revealing negative divergence while remaining above the 70 level, reinforcing the overbought status and hinting at an impending bearish phase. Also, the recent candlestick patterns on this pair, the fiber, display bearish characteristics, adding to the likelihood of a price decline. Traders should be cautious and consider the fiber’s chart trading signals when making trading decisions.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
In addition to the technical outlook, fundamental factors are poised to influence EURUSD movements. Key economic data releases are scheduled, including the Italian Trade Balance, the Eurozone Trade Balance, and the ZEW Economic Sentiment for both the Eurozone and Germany. The forecasts indicate potential declines compared to previous figures, suggesting weaker economic sentiment and trade performance in the Eurozone. If the actual data aligns with or falls below these forecasts, it could exert additional downward pressure on the EURUSD, amplifying the bearish sentiment observed in the technical analysis.
Traders should monitor these economic releases on EUR and USD currencies closely as they can significantly impact the EURUSD price action, potentially validating the bearish predictions derived from the current technical indicators.
• 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
Fundamental and Technical Insights for USD/CAD H4 Chart Analysis
The USD/CAD pair, often referred to as the "Loonie," is a widely traded forex pair representing the exchange rate between the US Dollar and the Canadian Dollar. The USD/CAD news analysis today is heavily influenced by economic data releases and geopolitical events from both countries, making it a popular choice for traders seeking opportunities based on economic indicators and policy announcements. Today's news for the CAD includes low-impact data such as Manufacturing Sales and Wholesale Sales, both indicative of the current state of the Canadian economy. The Bank of Canada's Business Outlook Survey, although generally low-impact, provides insights into business sentiment and future economic conditions. As for the USD, the Empire State Manufacturing Index is highly anticipated, with a forecast of -5.5. This index serves as a leading indicator of economic health, and its outcome could significantly impact the USD. Additionally, speeches from Federal Reserve Chair, and FOMC members are expected to provide clues about future monetary policy, potentially introducing volatility to the USD/CAD forecast today.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
The USD/CAD H4 chart shows that the price has entered the Ichimoku Cloud, indicating a potential bullish trend continuation. The Stochastic RSI is in the overbought territory, suggesting a possible correction phase before the bullish trend resumes. Key support levels are found at 1.36251 and 1.36320, while resistance levels are noted at 1.36442 and 1.36528. The Loonie’s price action and the movement within the rising channel indicate a sustained bullish trend for the pair, although traders should be cautious of a pullback given the overbought conditions on the Stochastic RSI.
• 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
The USD/CAD pair, often referred to as the "Loonie," is a widely traded forex pair representing the exchange rate between the US Dollar and the Canadian Dollar. The USD/CAD news analysis today is heavily influenced by economic data releases and geopolitical events from both countries, making it a popular choice for traders seeking opportunities based on economic indicators and policy announcements. Today's news for the CAD includes low-impact data such as Manufacturing Sales and Wholesale Sales, both indicative of the current state of the Canadian economy. The Bank of Canada's Business Outlook Survey, although generally low-impact, provides insights into business sentiment and future economic conditions. As for the USD, the Empire State Manufacturing Index is highly anticipated, with a forecast of -5.5. This index serves as a leading indicator of economic health, and its outcome could significantly impact the USD. Additionally, speeches from Federal Reserve Chair, and FOMC members are expected to provide clues about future monetary policy, potentially introducing volatility to the USD/CAD forecast today.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
The USD/CAD H4 chart shows that the price has entered the Ichimoku Cloud, indicating a potential bullish trend continuation. The Stochastic RSI is in the overbought territory, suggesting a possible correction phase before the bullish trend resumes. Key support levels are found at 1.36251 and 1.36320, while resistance levels are noted at 1.36442 and 1.36528. The Loonie’s price action and the movement within the rising channel indicate a sustained bullish trend for the pair, although traders should be cautious of a pullback given the overbought conditions on the Stochastic RSI.
• 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
Fundamental and Technical Analysis of NZDUSD
The NZDUSD forex pair, often referred to as the “Kiwi,” represents the trading relationship between the New Zealand Dollar (NZD) and the US Dollar (USD). This pair is popular among traders due to its liquidity and the interest rate differentials between New Zealand and the United States. Today, traders should watch the BusinessNZ Manufacturing Index for NZD and several high-impact data releases for USD, including Core PPI, PPI, and Prelim UoM Consumer Sentiment. Fundamentally, the NZDUSD pair faces mixed impacts. The BusinessNZ Manufacturing Index is expected to show slight movement with low impact, while the USD could see significant fluctuations due to high-impact data releases. The Core PPI (forecasted at 0.2%) and PPI (forecasted at 0.1%) releases will provide insights into producer inflation, which is a leading indicator of consumer inflation. Higher-than-expected figures are bullish for USD. Additionally, the Prelim UoM Consumer Sentiment, forecasted at 68.5, will reflect consumer confidence, a key driver of economic activity. Positive results here will further support the USD, potentially leading to downward pressure on the NZDUSD pair.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Technically, the NZDUSD H4 chart shows the price moving from the lower Bollinger Band towards the middle band, breaking above briefly before dropping back below the middle band with three consecutive bearish candles. The price is currently in the lower half of the bands but close to the middle band, indicating a potential range-bound scenario or further downside. The MACD indicator shows bearish momentum, which supports the recent bearish candles. Fibonacci retracement levels highlight key support and resistance zones, with the 0.382 level acting as immediate resistance around 0.60820.
• 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
EURUSD Price Action and Key Economic Releases
The EUR/USD forex pair, often referred to as “Fiber,” is a popular trading instrument in the forex market, representing the exchange rate between the Euro and the US Dollar. Today’s economic calendar features critical data points that could influence the EUR USD exchange rate. The Core CPI and CPI releases are expected to provide insights into inflationary pressures in the US economy, with forecasts of 0.2% and 0.1% respectively. Higher-than-expected inflation figures could bolster the USD as it may lead the Federal Reserve to maintain a hawkish stance on interest rates. Additionally, the unemployment claims report, forecasted at 236K, will shed light on the health of the US labor market. Lower-than-expected claims could further support the USD. Other factors include speeches from various FOMC members, potentially offering clues on future monetary policy directions. Traders should monitor these releases closely as they will likely create volatility in the EUR/USD pair.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Analyzing the EUR/USD H4 chart, the pair is currently in a bullish trend, navigating between the 0.5 and 0.618 Fibonacci retracement levels. The Bollinger Bands indicate that the price recently moved from the lower band to the middle band, suggesting a shift in momentum. The tightening of the Bollinger Bands signals reduced volatility, often a precursor to a significant price movement. The last three candles have been positive, indicating a consistent upward trajectory. Additionally, the RSI indicator is hovering around 57, reflecting moderate bullish momentum on EUR-USD without being overbought. Traders should watch for potential resistance near the 1.08429 level, coinciding with the upper boundary of the current ascending channel.
• 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
The EUR/USD forex pair, often referred to as “Fiber,” is a popular trading instrument in the forex market, representing the exchange rate between the Euro and the US Dollar. Today’s economic calendar features critical data points that could influence the EUR USD exchange rate. The Core CPI and CPI releases are expected to provide insights into inflationary pressures in the US economy, with forecasts of 0.2% and 0.1% respectively. Higher-than-expected inflation figures could bolster the USD as it may lead the Federal Reserve to maintain a hawkish stance on interest rates. Additionally, the unemployment claims report, forecasted at 236K, will shed light on the health of the US labor market. Lower-than-expected claims could further support the USD. Other factors include speeches from various FOMC members, potentially offering clues on future monetary policy directions. Traders should monitor these releases closely as they will likely create volatility in the EUR/USD pair.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Analyzing the EUR/USD H4 chart, the pair is currently in a bullish trend, navigating between the 0.5 and 0.618 Fibonacci retracement levels. The Bollinger Bands indicate that the price recently moved from the lower band to the middle band, suggesting a shift in momentum. The tightening of the Bollinger Bands signals reduced volatility, often a precursor to a significant price movement. The last three candles have been positive, indicating a consistent upward trajectory. Additionally, the RSI indicator is hovering around 57, reflecting moderate bullish momentum on EUR-USD without being overbought. Traders should watch for potential resistance near the 1.08429 level, coinciding with the upper boundary of the current ascending channel.
• 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
EUR/GBP Price Analysis and Forecast
The EUR/GBP forex pair has recently entered a bearish phase on the H4 timeframe, indicating a potential shift in market sentiment. The price action shows a clear break below a triangle pattern, typically signaling the start of a new trend. The Moving Average Convergence Divergence (MACD) histogram is in negative territory, and the MACD line is below the signal line, suggesting increased bearish momentum. Additionally, the Relative Strength Index (RSI) is slightly below the 50 level, aligning with the downward outlook.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Given the current technical setup, EUR/GBP is expected to continue its decline towards the next support levels. The immediate support is around the 0.8420 mark, coinciding with recent price lows. A breach below this level could lead to further downside towards 0.8370, a historically significant support zone. Traders should closely monitor these levels to gauge potential price reactions and adjust their strategies accordingly.
Upcoming economic events will play a crucial role in determining the pair’s direction. Key Eurozone indicators, such as GDP growth and inflation rates, alongside European Central Bank (ECB) policy meetings, could influence the Euro’s strength. In the UK, economic data like employment figures and Bank of England (BoE) communications will be pivotal. Strong UK economic performance or hawkish BoE signals could add further pressure on EUR/GBP, reinforcing the bearish sentiment.
• 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
The EUR/GBP forex pair has recently entered a bearish phase on the H4 timeframe, indicating a potential shift in market sentiment. The price action shows a clear break below a triangle pattern, typically signaling the start of a new trend. The Moving Average Convergence Divergence (MACD) histogram is in negative territory, and the MACD line is below the signal line, suggesting increased bearish momentum. Additionally, the Relative Strength Index (RSI) is slightly below the 50 level, aligning with the downward outlook.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Given the current technical setup, EUR/GBP is expected to continue its decline towards the next support levels. The immediate support is around the 0.8420 mark, coinciding with recent price lows. A breach below this level could lead to further downside towards 0.8370, a historically significant support zone. Traders should closely monitor these levels to gauge potential price reactions and adjust their strategies accordingly.
Upcoming economic events will play a crucial role in determining the pair’s direction. Key Eurozone indicators, such as GDP growth and inflation rates, alongside European Central Bank (ECB) policy meetings, could influence the Euro’s strength. In the UK, economic data like employment figures and Bank of England (BoE) communications will be pivotal. Strong UK economic performance or hawkish BoE signals could add further pressure on EUR/GBP, reinforcing the bearish sentiment.
• 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
NZD/USD Price Analysis and Forecast
The NZD/USD pair, often referred to as the “Kiwi,” presents an interesting scenario on the chart. In this analysis, we explore the implications of recent economic data and upcoming events that could influence this currency pair. The Kiwi’s H4 chart shows a well-defined Fibonacci retracement pattern, indicating critical levels of support and resistance. Recently, the price line attempted to break above the 0.236 Fibonacci level but faced significant resistance, resulting in multiple reactions at this level. This repeated inability to break above the 0.236 level suggests a strong resistance zone, causing the price to reverse and indicating potential bearish sentiment.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Given the technical setup, the price on NZDUSD is expected to fall towards the 0.382 Fibonacci level, around the 0.61000 price mark. This level has historically acted as a support zone, and traders will be keenly observing how NZDUSD the price reacts at this level. A breach below the 0.382 level could signal a further decline, while a bounce back could suggest a potential retracement towards higher Fibonacci levels.
Upcoming economic releases and events analysis could be pivotal for the news forcast of NZD/USD. A positive report indicating more exports than imports could strengthen the NZD, potentially leading to downward pressure on the NZD/USD pair if exports significantly exceed expectations. On the U.S. side, a series of influential data releases and public engagements by Federal Reserve officials, including the President of the Federal Reserve Bank of New York, could impact the USD. His participation in a panel discussion on interest rates suggests that any hawkish signals might reinforce the USD’s strength. Similarly, upcoming employment data such as the ADP Employment Change and Initial Jobless Claims could further influence market sentiment and volatility in this currency pair. These factors combined will guide traders in shaping their strategies around the NZD/USD in the coming weeks.
• 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
The NZD/USD pair, often referred to as the “Kiwi,” presents an interesting scenario on the chart. In this analysis, we explore the implications of recent economic data and upcoming events that could influence this currency pair. The Kiwi’s H4 chart shows a well-defined Fibonacci retracement pattern, indicating critical levels of support and resistance. Recently, the price line attempted to break above the 0.236 Fibonacci level but faced significant resistance, resulting in multiple reactions at this level. This repeated inability to break above the 0.236 level suggests a strong resistance zone, causing the price to reverse and indicating potential bearish sentiment.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Given the technical setup, the price on NZDUSD is expected to fall towards the 0.382 Fibonacci level, around the 0.61000 price mark. This level has historically acted as a support zone, and traders will be keenly observing how NZDUSD the price reacts at this level. A breach below the 0.382 level could signal a further decline, while a bounce back could suggest a potential retracement towards higher Fibonacci levels.
Upcoming economic releases and events analysis could be pivotal for the news forcast of NZD/USD. A positive report indicating more exports than imports could strengthen the NZD, potentially leading to downward pressure on the NZD/USD pair if exports significantly exceed expectations. On the U.S. side, a series of influential data releases and public engagements by Federal Reserve officials, including the President of the Federal Reserve Bank of New York, could impact the USD. His participation in a panel discussion on interest rates suggests that any hawkish signals might reinforce the USD’s strength. Similarly, upcoming employment data such as the ADP Employment Change and Initial Jobless Claims could further influence market sentiment and volatility in this currency pair. These factors combined will guide traders in shaping their strategies around the NZD/USD in the coming weeks.
• 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
USD/JPY H4: Fundamental and Technical Overview
The USD/JPY currency pair, also known as “The Ninja,” is a key barometer of the forex market, providing insights into the economic health and monetary policy stances of both the United States and Japan. The USD JPY pair’s movements are influenced by various economic indicators, central bank policies, and geopolitical events. As we look ahead to the upcoming economic data releases today, we can anticipate their potential impacts on the pair’s performance. Today, the focus is on several Japanese economic indicators, including Average Cash Earnings, Bank Lending, Current Account, and Economy Watchers Sentiment. The Average Cash Earnings forecast of 2.1% indicates modest wage growth, suggesting stable consumer spending potential, while Bank Lending at 3.1% reflects a positive borrowing environment, indicating confidence among businesses and consumers. The Current Account forecast of 2.07 trillion yen underscores a healthy trade surplus, potentially boosting the yen through increased foreign currency demand. Finally, the Economy Watchers Sentiment at 46.1 points to mild pessimism but remains a crucial gauge of consumer sentiment. In the U.S., the Consumer Credit data forecast at 10.7 billion USD suggests an increase in consumer borrowing, highlighting confidence in financial stability and spending capability. These mixed signals from Japan and steady consumer behavior from the U.S. will likely keep the USD-JPY in a state of cautious trading, awaiting more decisive trends.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Analyzing the H4 chart of USD/JPY, we observe the price action within a descending channel following a recent peak. The Bollinger Bands show the price moving within the lower half, indicating a bearish trend. This is supported by the RSI, which has dropped below the neutral 50 level and stands at 40.61, suggesting further downside momentum. Fibonacci retracement levels reveal critical support and resistance points, with the price currently hovering around the 0.236 level at 160.191, struggling to find direction. The overall market sentiment has shifted bearish after a strong bullish trend throughout June and early July, with the last 15 candles showing a majority of bearish pressure. The current price behavior, along with these technical indicators, suggests a continuation of the bearish trend unless significant fundamental changes provide new direction.
• 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
The USD/JPY currency pair, also known as “The Ninja,” is a key barometer of the forex market, providing insights into the economic health and monetary policy stances of both the United States and Japan. The USD JPY pair’s movements are influenced by various economic indicators, central bank policies, and geopolitical events. As we look ahead to the upcoming economic data releases today, we can anticipate their potential impacts on the pair’s performance. Today, the focus is on several Japanese economic indicators, including Average Cash Earnings, Bank Lending, Current Account, and Economy Watchers Sentiment. The Average Cash Earnings forecast of 2.1% indicates modest wage growth, suggesting stable consumer spending potential, while Bank Lending at 3.1% reflects a positive borrowing environment, indicating confidence among businesses and consumers. The Current Account forecast of 2.07 trillion yen underscores a healthy trade surplus, potentially boosting the yen through increased foreign currency demand. Finally, the Economy Watchers Sentiment at 46.1 points to mild pessimism but remains a crucial gauge of consumer sentiment. In the U.S., the Consumer Credit data forecast at 10.7 billion USD suggests an increase in consumer borrowing, highlighting confidence in financial stability and spending capability. These mixed signals from Japan and steady consumer behavior from the U.S. will likely keep the USD-JPY in a state of cautious trading, awaiting more decisive trends.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Analyzing the H4 chart of USD/JPY, we observe the price action within a descending channel following a recent peak. The Bollinger Bands show the price moving within the lower half, indicating a bearish trend. This is supported by the RSI, which has dropped below the neutral 50 level and stands at 40.61, suggesting further downside momentum. Fibonacci retracement levels reveal critical support and resistance points, with the price currently hovering around the 0.236 level at 160.191, struggling to find direction. The overall market sentiment has shifted bearish after a strong bullish trend throughout June and early July, with the last 15 candles showing a majority of bearish pressure. The current price behavior, along with these technical indicators, suggests a continuation of the bearish trend unless significant fundamental changes provide new direction.
• 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
EUR/USD H4 Chart Analysis: Key Levels and Indicators
The EUR/USD forex pair, often nicknamed “Fiber,” represents the exchange rate between the Euro and the US Dollar. Today, the market is particularly attentive to several significant US economic data releases, including Average Hourly Earnings, Non-Farm Employment Change, and the Unemployment Rate, which are high-impact events likely to influence USD volatility. Additionally, low-impact data from Germany and France, alongside speeches from key financial figures, could also affect market sentiment.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
In the H4 chart of EUR USD, the price has been trending positively, moving within the upper half of the Bollinger Bands and frequently touching the upper band. Among the last 16 candles, six have been bearish, including the most recent two, yet the overall EUR-USD trend remains upward. The widening Bollinger Bands suggest increasing volatility, while the RSI indicates that the market is nearing overbought conditions. The price movements align with key Fibonacci retracement levels, with resistance around the 0.382 and support around the 0.618 levels, suggesting potential areas for future price action.
• 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
The EUR/USD forex pair, often nicknamed “Fiber,” represents the exchange rate between the Euro and the US Dollar. Today, the market is particularly attentive to several significant US economic data releases, including Average Hourly Earnings, Non-Farm Employment Change, and the Unemployment Rate, which are high-impact events likely to influence USD volatility. Additionally, low-impact data from Germany and France, alongside speeches from key financial figures, could also affect market sentiment.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
In the H4 chart of EUR USD, the price has been trending positively, moving within the upper half of the Bollinger Bands and frequently touching the upper band. Among the last 16 candles, six have been bearish, including the most recent two, yet the overall EUR-USD trend remains upward. The widening Bollinger Bands suggest increasing volatility, while the RSI indicates that the market is nearing overbought conditions. The price movements align with key Fibonacci retracement levels, with resistance around the 0.382 and support around the 0.618 levels, suggesting potential areas for future price action.
• 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
GBPCHF H4 Technical Analysis: Post-Election Market Reaction
The GBPCHF forex pair, often referred to as “Geppy” or “The Beast,” represents the exchange rate between the British Pound (GBP) and the Swiss Franc (CHF). This pair is known for its volatility, influenced by political and economic events in both the UK and Switzerland. Today, market participants are closely watching the GBP due to high-impact Parliamentary Elections, which could lead to significant market moves based on early vote counts and exit polling. Additionally, the GBP Construction PMI, forecasted at 54.0, is expected to show expansion in the industry if the actual figure exceeds expectations. For the CHF, the Consumer Price Index (CPI) with an expected 0.1% increase will also be crucial as it indicates inflation trends that might influence the Swiss National Bank’s policy decisions.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Analyzing the GBPCHF H4 chart, the pair has been trading within the upper half of the Bollinger Bands, oscillating between the middle band and the upper band, which has acted as a resistance level. The last ten candles have been predominantly bullish, though the last two candles were red but short, indicating potential hesitation among traders. The GBPCHF’s price movement is currently between the 0.618 and 0.5 Fibonacci retracement levels, suggesting a consolidation phase. The MACD indicator shows bullish momentum, supporting the upward trend, but traders should watch for any divergence or shifts in momentum.
• 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
The GBPCHF forex pair, often referred to as “Geppy” or “The Beast,” represents the exchange rate between the British Pound (GBP) and the Swiss Franc (CHF). This pair is known for its volatility, influenced by political and economic events in both the UK and Switzerland. Today, market participants are closely watching the GBP due to high-impact Parliamentary Elections, which could lead to significant market moves based on early vote counts and exit polling. Additionally, the GBP Construction PMI, forecasted at 54.0, is expected to show expansion in the industry if the actual figure exceeds expectations. For the CHF, the Consumer Price Index (CPI) with an expected 0.1% increase will also be crucial as it indicates inflation trends that might influence the Swiss National Bank’s policy decisions.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Analyzing the GBPCHF H4 chart, the pair has been trading within the upper half of the Bollinger Bands, oscillating between the middle band and the upper band, which has acted as a resistance level. The last ten candles have been predominantly bullish, though the last two candles were red but short, indicating potential hesitation among traders. The GBPCHF’s price movement is currently between the 0.618 and 0.5 Fibonacci retracement levels, suggesting a consolidation phase. The MACD indicator shows bullish momentum, supporting the upward trend, but traders should watch for any divergence or shifts in momentum.
• 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
Analyzing USD/CAD: Economic Indicators and Trend Forecast
The USD/CAD pair, often referred to as the "Loonie," due to the loon depicted on the Canadian one-dollar coin, presents an interesting scenario on the chart. In this analysis, we explore the implications of recent economic data and upcoming events that could influence this currency pair.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
The Loonie’s H4 chart shows a well-defined upward channel indicating a bullish trend in USD/CAD over the selected period. Recently, the price has tested the upper boundary of the channel and faced resistance, leading to a pullback towards the mid-line of the channel. This suggests a potential consolidation phase or a retracement before further upward movement. The resistance and support lines within the channel provide critical levels for traders to watch. If the price breaks above the current resistance, it could signal a continuation of the bullish trend, while a breach below the channel may indicate a reversal or stronger retracement.
Upcoming economic releases and events could be pivotal for the news analysis of USD/CAD. From the Canadian side, the International Merchandise Trade data is due on August 6, 2024. A positive report indicating more exports than imports could strengthen the CAD, potentially leading to a downward pressure on the USD/CAD pair if exports significantly exceed expectations. On the U.S. side, a series of influential data releases and public engagements by Federal Reserve officials, including the President of the Federal Reserve Bank of New York, could impact the USD. His participation in a panel discussion on interest rates suggests that any hawkish signals might reinforce the USD’s strength. Similarly, upcoming employment data such as the ADP Employment Change and Initial Jobless Claims could further influence market sentiment and volatility in this currency pair. These factors combined will guide traders in shaping their strategies around the USD/CAD in the coming weeks.
• 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
The USD/CAD pair, often referred to as the "Loonie," due to the loon depicted on the Canadian one-dollar coin, presents an interesting scenario on the chart. In this analysis, we explore the implications of recent economic data and upcoming events that could influence this currency pair.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
The Loonie’s H4 chart shows a well-defined upward channel indicating a bullish trend in USD/CAD over the selected period. Recently, the price has tested the upper boundary of the channel and faced resistance, leading to a pullback towards the mid-line of the channel. This suggests a potential consolidation phase or a retracement before further upward movement. The resistance and support lines within the channel provide critical levels for traders to watch. If the price breaks above the current resistance, it could signal a continuation of the bullish trend, while a breach below the channel may indicate a reversal or stronger retracement.
Upcoming economic releases and events could be pivotal for the news analysis of USD/CAD. From the Canadian side, the International Merchandise Trade data is due on August 6, 2024. A positive report indicating more exports than imports could strengthen the CAD, potentially leading to a downward pressure on the USD/CAD pair if exports significantly exceed expectations. On the U.S. side, a series of influential data releases and public engagements by Federal Reserve officials, including the President of the Federal Reserve Bank of New York, could impact the USD. His participation in a panel discussion on interest rates suggests that any hawkish signals might reinforce the USD’s strength. Similarly, upcoming employment data such as the ADP Employment Change and Initial Jobless Claims could further influence market sentiment and volatility in this currency pair. These factors combined will guide traders in shaping their strategies around the USD/CAD in the coming weeks.
• 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
Jump to: