EURUSD H4 RSI and Fibonacci Levels in Focus
EUR/USD forex pair, often referred to as "Fiber," is one of the most traded currency pairs in the Forex market, reflecting the value of the Euro against the U.S. Dollar. This pair is highly influenced by the economic and political events in both the Eurozone and the United States, making it a vital indicator of the global economy's health. Today’s upcoming news includes significant economic reports from both the Eurozone and the U.S., which are expected to impact the direction of EUR/USD price.
From a fundamental perspective, key reports from the Eurozone, such as industrial output, foreign trade balance, and employment data, will be essential to monitor. Better-than-expected results could strengthen the Euro, especially if industrial output and foreign trade data outperform forecasts, indicating robust economic health. On the U.S. side, the upcoming Non-Farm Payrolls (NFP) and unemployment rate data are likely to dictate the market's sentiment toward the U.S. Dollar. A positive NFP figure would indicate a stronger labor market, potentially boosting the Dollar. Additionally, speeches from key Federal Reserve officials, like John Williams and Christopher Waller, may provide clues on future U.S. monetary policy. Any hints of further interest rate hikes could support the Dollar, pressuring the EUR/USD lower.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
In the technical analysis based on the EUR/USD H4 chart, the pair is showing a clear uptrend, supported by the last three bullish candles. The price is currently moving from the middle Bollinger Band toward the upper band, even touching the upper line. This suggests increasing volatility and a possible continuation of the upward movement. Additionally, the price has moved from the 0.382 Fibonacci retracement level to the 0.236 level and is now hovering near this point, showing potential to rise further toward the 0.0 Fibonacci retracement level. The Bollinger Bands are widening, indicating higher market volatility, while the RSI is gradually climbing, signaling further bullish momentum. If the price breaks the 0.236 Fibonacci level convincingly, the next target could be the 0.0 Fibonacci level around 1.12029, with strong support at the 1.1050 region.
• 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
Topic: Daily Market Forecast By Capitalcore (Read 606 times)
AUDUSD bullish reversal on the H4 chart
The AUD/USD currency pair, also known as the "Aussie," is one of the most traded forex pairs, representing the strength and dynamics of the Australian dollar against the US dollar. With Australia being a resource-rich economy and the US being the world’s largest economy, the AUD USD pair is influenced by commodity prices, interest rate differentials, and overall market risk sentiment. Today, the market's attention is focused on the upcoming news from the Australian Bureau of Statistics regarding trade balance, as well as speeches by RBA Governor Michele Bullock, which may offer clues on future monetary policy. Additionally, key USD economic indicators, such as job cuts and labor market data, will further impact the direction of this pair. If Australia’s export data beats expectations or the RBA signals hawkish intentions, the Aussie could strengthen, while weak US labor data could also support a rise in AUD/USD.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Analyzing the AUD/USD H4 chart, we see several technical factors at play. The pair has been in a clear downtrend, moving from the 0 Fibonacci level down to below the 0.236 Fibonacci retracement level. However, the recent Aussie’s price action shows a recovery, with four out of the last five candles being positive, pushing the price above the 0.236 Fibonacci level. If this momentum continues, AUD/USD could aim to return to the 0 Fibonacci level. In terms of Ichimoku, the price dropped below the cloud but is now making an effort to re-enter and test it, indicating potential bullish momentum. Additionally, the MACD is showing signs of a possible bullish crossover, supported by a decreasing bearish histogram, which could signal further upward movement in the short term for AUD USD forex pair.
• 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 currency pair, also known as the "Aussie," is one of the most traded forex pairs, representing the strength and dynamics of the Australian dollar against the US dollar. With Australia being a resource-rich economy and the US being the world’s largest economy, the AUD USD pair is influenced by commodity prices, interest rate differentials, and overall market risk sentiment. Today, the market's attention is focused on the upcoming news from the Australian Bureau of Statistics regarding trade balance, as well as speeches by RBA Governor Michele Bullock, which may offer clues on future monetary policy. Additionally, key USD economic indicators, such as job cuts and labor market data, will further impact the direction of this pair. If Australia’s export data beats expectations or the RBA signals hawkish intentions, the Aussie could strengthen, while weak US labor data could also support a rise in AUD/USD.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Analyzing the AUD/USD H4 chart, we see several technical factors at play. The pair has been in a clear downtrend, moving from the 0 Fibonacci level down to below the 0.236 Fibonacci retracement level. However, the recent Aussie’s price action shows a recovery, with four out of the last five candles being positive, pushing the price above the 0.236 Fibonacci level. If this momentum continues, AUD/USD could aim to return to the 0 Fibonacci level. In terms of Ichimoku, the price dropped below the cloud but is now making an effort to re-enter and test it, indicating potential bullish momentum. Additionally, the MACD is showing signs of a possible bullish crossover, supported by a decreasing bearish histogram, which could signal further upward movement in the short term for AUD USD forex pair.
• 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 Price Action Breaks Key Fibonacci Level
The NZDUSD, commonly referred to as the “Kiwi,” is a major forex pair consisting of the New Zealand Dollar (NZD) and the United States Dollar (USD). As a commodity currency pair, NZD/USD is influenced by global economic trends, commodity prices, and interest rate differentials. The pair is popular among traders for its liquidity and the potential for high volatility, often responding sharply to economic data and geopolitical developments.
Today’s key economic events could significantly impact the NZDUSD pair, particularly any updates related to New Zealand's trade balance, which plays a critical role in the currency's valuation. Positive data from New Zealand could strengthen the Kiwi, while any negative sentiment from the US market could drive the NZD USD forex pair lower. Additionally, any changes in the Federal Reserve’s stance on interest rates could also lead to volatility, as traders assess the future path of monetary policy in the US. Market participants will closely monitor these developments, which could set the tone for short-term price movements in the NZDUSD forex pair.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
The H4 chart of NZDUSD displays a clear bearish trend, with 13 out of the last 19 candles being bearish, including the most recent one. The price has moved from the upper Bollinger Band towards the middle band and then to the lower band, where it is currently hovering, indicating strong selling pressure. The expansion of the Bollinger Bands suggests increasing volatility, supporting the downward movement. The price has recently broken below the 0.236 Fibonacci retracement level and is now between the 0.382 Fibonacci level, highlighting a significant retracement from its recent highs. The RSI indicator is trending below 50 and approaching oversold territory, currently around 33.18, suggesting that while the bearish momentum is strong, there might be a potential for a short-term correction or consolidation before continuing its downward trajectory.
• 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 NZDUSD, commonly referred to as the “Kiwi,” is a major forex pair consisting of the New Zealand Dollar (NZD) and the United States Dollar (USD). As a commodity currency pair, NZD/USD is influenced by global economic trends, commodity prices, and interest rate differentials. The pair is popular among traders for its liquidity and the potential for high volatility, often responding sharply to economic data and geopolitical developments.
Today’s key economic events could significantly impact the NZDUSD pair, particularly any updates related to New Zealand's trade balance, which plays a critical role in the currency's valuation. Positive data from New Zealand could strengthen the Kiwi, while any negative sentiment from the US market could drive the NZD USD forex pair lower. Additionally, any changes in the Federal Reserve’s stance on interest rates could also lead to volatility, as traders assess the future path of monetary policy in the US. Market participants will closely monitor these developments, which could set the tone for short-term price movements in the NZDUSD forex pair.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
The H4 chart of NZDUSD displays a clear bearish trend, with 13 out of the last 19 candles being bearish, including the most recent one. The price has moved from the upper Bollinger Band towards the middle band and then to the lower band, where it is currently hovering, indicating strong selling pressure. The expansion of the Bollinger Bands suggests increasing volatility, supporting the downward movement. The price has recently broken below the 0.236 Fibonacci retracement level and is now between the 0.382 Fibonacci level, highlighting a significant retracement from its recent highs. The RSI indicator is trending below 50 and approaching oversold territory, currently around 33.18, suggesting that while the bearish momentum is strong, there might be a potential for a short-term correction or consolidation before continuing its downward trajectory.
• 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
USD/JPY H4 Chart Signals Bullish Breakout
The USD/JPY currency pair, often referred to as the "Gopher," is a popular forex trading pair that tracks the exchange rate between the US Dollar and the Japanese Yen. It is one of the most traded currency pairs globally, offering high liquidity and volatility, making it a favorite among traders. Today's trading dynamics are likely to be influenced by economic indicators from both Japan and the US, including the Japanese Ministry of Finance's data on capital expenditures and the Jibun Bank Manufacturing PMI.
Fundamentally, the USD/JPY pair may experience increased volatility today due to key economic data releases. The Japanese capital expenditures report, a significant indicator of economic health, suggests that if the actual figures exceed the forecast, the Yen could strengthen as increased business investment signals optimism in the economy. Additionally, the Jibun Bank Manufacturing PMI is set to provide insights into Japan's manufacturing sector's health, with readings above 50 indicating expansion. However, with US banks closed for Labor Day, reduced liquidity in USD trading could result in erratic price movements. Traders should be cautious of potential spikes in volatility due to the lower trading volume, which might amplify reactions to the Japanese economic releases.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
From a technical perspective, the USD/JPY H4 chart indicates a light bullish trend, with recent price action dominated by bullish candlesticks. The pair is currently trading near the upper Bollinger Band, signaling strong upward momentum. The price has been oscillating between the middle and upper Bollinger Bands, suggesting a prevailing bullish sentiment. The Bollinger Bands are widening, which typically indicates increasing volatility. Furthermore, the price is situated between the 0.5 and 0.382 Fibonacci retracement levels, a zone that often serves as a resistance area. If the price breaks above this zone, it may continue its upward trajectory; otherwise, a reversal could be possible if the bearish candles gain dominance. The Willy indicator shows mixed signals but leans slightly towards overbought conditions, warranting caution for potential corrections.
• 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/JPY currency pair, often referred to as the "Gopher," is a popular forex trading pair that tracks the exchange rate between the US Dollar and the Japanese Yen. It is one of the most traded currency pairs globally, offering high liquidity and volatility, making it a favorite among traders. Today's trading dynamics are likely to be influenced by economic indicators from both Japan and the US, including the Japanese Ministry of Finance's data on capital expenditures and the Jibun Bank Manufacturing PMI.
Fundamentally, the USD/JPY pair may experience increased volatility today due to key economic data releases. The Japanese capital expenditures report, a significant indicator of economic health, suggests that if the actual figures exceed the forecast, the Yen could strengthen as increased business investment signals optimism in the economy. Additionally, the Jibun Bank Manufacturing PMI is set to provide insights into Japan's manufacturing sector's health, with readings above 50 indicating expansion. However, with US banks closed for Labor Day, reduced liquidity in USD trading could result in erratic price movements. Traders should be cautious of potential spikes in volatility due to the lower trading volume, which might amplify reactions to the Japanese economic releases.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
From a technical perspective, the USD/JPY H4 chart indicates a light bullish trend, with recent price action dominated by bullish candlesticks. The pair is currently trading near the upper Bollinger Band, signaling strong upward momentum. The price has been oscillating between the middle and upper Bollinger Bands, suggesting a prevailing bullish sentiment. The Bollinger Bands are widening, which typically indicates increasing volatility. Furthermore, the price is situated between the 0.5 and 0.382 Fibonacci retracement levels, a zone that often serves as a resistance area. If the price breaks above this zone, it may continue its upward trajectory; otherwise, a reversal could be possible if the bearish candles gain dominance. The Willy indicator shows mixed signals but leans slightly towards overbought conditions, warranting caution for potential corrections.
• 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/USD Price Action Analysis Ahead of Key Events
The EUR/USD forex pair, often referred to by its nickname "Fiber," is the most traded currency pair in the world, representing the exchange rate between the Euro (EUR) and the US Dollar (USD). Today’s fundamental analysis revolves around key upcoming events, including speeches from influential figures like Raphael Bostic of the Federal Reserve and Joachim Nagel of the Deutsche Bundesbank. These events are expected to provide insights into future monetary policies, with hawkish tones likely benefiting their respective currencies. Additionally, US economic data releases on GDP, unemployment claims, and trade balance will be closely monitored by traders for further indications on economic health and potential interest rate adjustments. Such fundamental factors can drive volatility in the EUR USD forex pair, making these announcements critical for intraday trading strategies.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
The H4 chart of EURUSD, analyzed with Ichimoku Cloud, RSI, and Fibonacci retracement levels, indicates a consolidation phase after a recent downtrend. The price is currently moving between the 0 and 0.236 Fibonacci retracement levels, suggesting a corrective pullback. Following a touch of the 0.236 level, two bullish candles have emerged, indicating potential upward momentum. This recovery is further supported by the price trading above the Ichimoku Cloud, although it recently touched the upper cloud boundary before rebounding. The Relative Strength Index (RSI) is currently showing a value below 50, signaling a lack of strong bullish momentum. If the price continues to hold above the Ichimoku cloud and breaks above the 0.236 Fibonacci level, a further move upwards could be anticipated, whereas a failure to do so may signal a continuation of the bearish 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 EUR/USD forex pair, often referred to by its nickname "Fiber," is the most traded currency pair in the world, representing the exchange rate between the Euro (EUR) and the US Dollar (USD). Today’s fundamental analysis revolves around key upcoming events, including speeches from influential figures like Raphael Bostic of the Federal Reserve and Joachim Nagel of the Deutsche Bundesbank. These events are expected to provide insights into future monetary policies, with hawkish tones likely benefiting their respective currencies. Additionally, US economic data releases on GDP, unemployment claims, and trade balance will be closely monitored by traders for further indications on economic health and potential interest rate adjustments. Such fundamental factors can drive volatility in the EUR USD forex pair, making these announcements critical for intraday trading strategies.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
The H4 chart of EURUSD, analyzed with Ichimoku Cloud, RSI, and Fibonacci retracement levels, indicates a consolidation phase after a recent downtrend. The price is currently moving between the 0 and 0.236 Fibonacci retracement levels, suggesting a corrective pullback. Following a touch of the 0.236 level, two bullish candles have emerged, indicating potential upward momentum. This recovery is further supported by the price trading above the Ichimoku Cloud, although it recently touched the upper cloud boundary before rebounding. The Relative Strength Index (RSI) is currently showing a value below 50, signaling a lack of strong bullish momentum. If the price continues to hold above the Ichimoku cloud and breaks above the 0.236 Fibonacci level, a further move upwards could be anticipated, whereas a failure to do so may signal a continuation of the bearish 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
EUR/GBP: Key Support Levels in Focus
The EUR/GBP pair, commonly referred to as the "Chunnel," is a widely traded currency pair that represents the exchange rate between the Euro and the British Pound. Currently, this pair is experiencing a bearish trend, evident in its movement on the H4 chart. The price has been steadily declining, breaking below key Fibonacci retracement levels, with the 0.618 level at 0.84757 unable to hold as support. This downward movement is further confirmed by the MACD indicator, which shows negative divergence, with the MACD line below the signal line and histogram bars in negative territory. Additionally, the RSI is firmly in the oversold zone, around 20, indicating strong selling pressure, although it may also suggest that this bearish momentum could be overextended.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Given this technical setup, the EUR/GBP pair is likely to face continued downward pressure unless there is a clear bullish reversal. Traders should keep an eye on critical support levels near 0.84293, where the price is currently consolidating. A decisive break below this support could lead to further declines, aligning with the bearish outlook highlighted by both the MACD and RSI indicators. For those following “EUR/GBP technical analysis,” “EUR/GBP bearish trend,” and “EUR/GBP support levels,” these indicators and price movements provide valuable insights into potential market behavior and trading opportunities.
• 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 referred to as the "Chunnel," is a widely traded currency pair that represents the exchange rate between the Euro and the British Pound. Currently, this pair is experiencing a bearish trend, evident in its movement on the H4 chart. The price has been steadily declining, breaking below key Fibonacci retracement levels, with the 0.618 level at 0.84757 unable to hold as support. This downward movement is further confirmed by the MACD indicator, which shows negative divergence, with the MACD line below the signal line and histogram bars in negative territory. Additionally, the RSI is firmly in the oversold zone, around 20, indicating strong selling pressure, although it may also suggest that this bearish momentum could be overextended.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Given this technical setup, the EUR/GBP pair is likely to face continued downward pressure unless there is a clear bullish reversal. Traders should keep an eye on critical support levels near 0.84293, where the price is currently consolidating. A decisive break below this support could lead to further declines, aligning with the bearish outlook highlighted by both the MACD and RSI indicators. For those following “EUR/GBP technical analysis,” “EUR/GBP bearish trend,” and “EUR/GBP support levels,” these indicators and price movements provide valuable insights into potential market behavior and trading opportunities.
• 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
Gold (XAU/USD) H4 Technical Analysis and Market Outlook
Gold, often referred to by its trading symbol XAU/USD, has recently surged to a new all-time high (ATH), capturing the attention of traders and investors worldwide. The H4 chart reveals an ascending triangle pattern, typically a bullish continuation pattern, suggesting potential for further upward movement. However, the price is currently testing the upper resistance line of this triangle around the $2,517 level, indicating a critical point where the market may decide on its next direction.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
The RSI (Relative Strength Index) is positioned near 59, showing that the market is not yet overbought, providing room for further bullish action. Meanwhile, the MACD (Moving Average Convergence Divergence) histogram is positive, with the MACD line trending above the signal line, both signs of sustained bullish momentum. The upcoming economic data releases today could influence gold’s price action, with traders closely watching for cues that could either confirm a breakout above the current resistance or a potential pullback towards support around the $2,460 level. These movements are crucial for those involved in gold price analysis, prediction, and tracking price action around its recent ATH.
• 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
Gold, often referred to by its trading symbol XAU/USD, has recently surged to a new all-time high (ATH), capturing the attention of traders and investors worldwide. The H4 chart reveals an ascending triangle pattern, typically a bullish continuation pattern, suggesting potential for further upward movement. However, the price is currently testing the upper resistance line of this triangle around the $2,517 level, indicating a critical point where the market may decide on its next direction.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
The RSI (Relative Strength Index) is positioned near 59, showing that the market is not yet overbought, providing room for further bullish action. Meanwhile, the MACD (Moving Average Convergence Divergence) histogram is positive, with the MACD line trending above the signal line, both signs of sustained bullish momentum. The upcoming economic data releases today could influence gold’s price action, with traders closely watching for cues that could either confirm a breakout above the current resistance or a potential pullback towards support around the $2,460 level. These movements are crucial for those involved in gold price analysis, prediction, and tracking price action around its recent ATH.
• 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
GBPUSD H4: Bullish Momentum Above Ichimoku Cloud
The GBPUSD currency pair, commonly known as "Cable," is one of the most traded pairs in the forex market, representing the exchange rate between the British Pound (GBP) and the US Dollar (USD). Today, the market faces potential low liquidity due to the UK banks' closure in observance of the Summer Bank Holiday, possibly resulting in irregular volatility. On the other hand, the United States is set to release its Durable Goods Orders report, which could significantly influence the USD if the actual figures differ from forecasts, as higher-than-expected orders typically indicate increased manufacturing activity and economic strength.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
The GBPUSD H4 chart indicates a strong bullish trend, supported by multiple positive candles, with 8 out of the last 10 candles showing upward movement. The price is currently above the Ichimoku cloud, a sign of bullish momentum, and is situated between the 0.5 (1.30380) and 0.618 (1.32266) Fibonacci retracement levels. The recent price action shows a steady climb within a rising channel, highlighting the strength of this uptrend. The RSI is trending in the overbought region, around 81.44, suggesting strong buying interest, but also indicating potential for a short-term correction if profit-taking occurs. If the price manages to break above the 0.618 Fibonacci level, it could aim for the next resistance around the 0.786 Fibonacci level, at approximately 1.34951.
• 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 currency pair, commonly known as "Cable," is one of the most traded pairs in the forex market, representing the exchange rate between the British Pound (GBP) and the US Dollar (USD). Today, the market faces potential low liquidity due to the UK banks' closure in observance of the Summer Bank Holiday, possibly resulting in irregular volatility. On the other hand, the United States is set to release its Durable Goods Orders report, which could significantly influence the USD if the actual figures differ from forecasts, as higher-than-expected orders typically indicate increased manufacturing activity and economic strength.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
The GBPUSD H4 chart indicates a strong bullish trend, supported by multiple positive candles, with 8 out of the last 10 candles showing upward movement. The price is currently above the Ichimoku cloud, a sign of bullish momentum, and is situated between the 0.5 (1.30380) and 0.618 (1.32266) Fibonacci retracement levels. The recent price action shows a steady climb within a rising channel, highlighting the strength of this uptrend. The RSI is trending in the overbought region, around 81.44, suggesting strong buying interest, but also indicating potential for a short-term correction if profit-taking occurs. If the price manages to break above the 0.618 Fibonacci level, it could aim for the next resistance around the 0.786 Fibonacci level, at approximately 1.34951.
• 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
Bullish Momentum in EURUSD: Ichimoku Cloud and MACD Analysis
The EUR/USD forex pair, commonly referred to as "Fiber," is a major forex pair that captures the exchange rate between the Euro and the U.S. Dollar. It is one of the most traded currency pairs in the forex market, known for its liquidity and relatively tight spreads. As the economic calendar for today unfolds, key data releases, particularly from the U.S. and U.K., are poised to impact the pair’s forecast today. The EUR/USD fundamental analysis today is driven by a series of economic indicators. The U.S. is set to release data such as Jobless Claims and PMI figures, which are vital for gauging the health of the U.S. economy. Better-than-expected Jobless Claims numbers could strengthen the USD, putting downward pressure on the EUR/USD. On the other hand, the PMI data from both the U.S. and Europe will provide insights into the manufacturing and service sectors' performance. For the Eurozone, weaker-than-expected PMI numbers could further depreciate the Euro, enhancing the Fiber’s bearish outlook. Additionally, the U.K.'s economic data, particularly the PMI and CBI Industrial Trends Survey, will indirectly influence the pair by affecting overall market risk sentiment.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
In the EUR/USD H4 chart, we observe the pair’s strong bullish momentum, as indicated by its price action residing within an ascending channel. The Ichimoku Cloud supports this bullish trend, with the price action above the cloud, signaling strong upward momentum. The Tenkan-sen and Kijun-sen lines are in a bullish alignment, further affirming the uptrend. Moreover, the MACD indicator shows bullish momentum, with the MACD line above the signal line and increasing positive histogram bars. Key resistance levels are noted around 1.1149 and 1.1151, while support levels are found near 1.1084 and 1.1071. A sustained break above the upper resistance could pave the way for further gains, while a failure to maintain this level might lead to a correction towards the support 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 EUR/USD forex pair, commonly referred to as "Fiber," is a major forex pair that captures the exchange rate between the Euro and the U.S. Dollar. It is one of the most traded currency pairs in the forex market, known for its liquidity and relatively tight spreads. As the economic calendar for today unfolds, key data releases, particularly from the U.S. and U.K., are poised to impact the pair’s forecast today. The EUR/USD fundamental analysis today is driven by a series of economic indicators. The U.S. is set to release data such as Jobless Claims and PMI figures, which are vital for gauging the health of the U.S. economy. Better-than-expected Jobless Claims numbers could strengthen the USD, putting downward pressure on the EUR/USD. On the other hand, the PMI data from both the U.S. and Europe will provide insights into the manufacturing and service sectors' performance. For the Eurozone, weaker-than-expected PMI numbers could further depreciate the Euro, enhancing the Fiber’s bearish outlook. Additionally, the U.K.'s economic data, particularly the PMI and CBI Industrial Trends Survey, will indirectly influence the pair by affecting overall market risk sentiment.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
In the EUR/USD H4 chart, we observe the pair’s strong bullish momentum, as indicated by its price action residing within an ascending channel. The Ichimoku Cloud supports this bullish trend, with the price action above the cloud, signaling strong upward momentum. The Tenkan-sen and Kijun-sen lines are in a bullish alignment, further affirming the uptrend. Moreover, the MACD indicator shows bullish momentum, with the MACD line above the signal line and increasing positive histogram bars. Key resistance levels are noted around 1.1149 and 1.1151, while support levels are found near 1.1084 and 1.1071. A sustained break above the upper resistance could pave the way for further gains, while a failure to maintain this level might lead to a correction towards the support 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
EUR/GBP Analysis: The "Chunnel" in Focus
The EUR/GBP pair, often referred to as the "Chunnel" due to its connection between Europe and the UK, is currently trading within a descending triangle pattern, signaling potential bearish momentum ahead. The price is hovering near the lower boundary of this triangle, which often serves as a crucial support level. The MACD indicator is showing signs of weakening momentum, with the histogram close to crossing into negative territory, suggesting that a bearish wave may be imminent. Additionally, the RSI is reacting to the 50 level, a critical point that often determines the next directional move. With the RSI showing potential to descend, the outlook for the EUR/GBP could lean bearish in the near term.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Given this technical setup, traders should be cautious of a possible breakdown below the triangle’s support, which could lead to a significant decline in the EUR/GBP pair. This scenario would align with the broader bearish outlook indicated by both the MACD and RSI. As the pair navigates this critical juncture, those looking for “EUR/GBP price analysis,” “EUR/GBP prediction,” and “EUR/GBP price action” should monitor these key levels closely, as they may provide early signals of the next major move in this pair.
DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes.: 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, often referred to as the "Chunnel" due to its connection between Europe and the UK, is currently trading within a descending triangle pattern, signaling potential bearish momentum ahead. The price is hovering near the lower boundary of this triangle, which often serves as a crucial support level. The MACD indicator is showing signs of weakening momentum, with the histogram close to crossing into negative territory, suggesting that a bearish wave may be imminent. Additionally, the RSI is reacting to the 50 level, a critical point that often determines the next directional move. With the RSI showing potential to descend, the outlook for the EUR/GBP could lean bearish in the near term.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Given this technical setup, traders should be cautious of a possible breakdown below the triangle’s support, which could lead to a significant decline in the EUR/GBP pair. This scenario would align with the broader bearish outlook indicated by both the MACD and RSI. As the pair navigates this critical juncture, those looking for “EUR/GBP price analysis,” “EUR/GBP prediction,” and “EUR/GBP price action” should monitor these key levels closely, as they may provide early signals of the next major move in this pair.
DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes.: 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 Technical Review Key Indicators and Price Action
The EUR/USD, often referred to as the "Fiber," is a highly traded currency pair that represents the exchange rate between the Euro and the US Dollar. It is one of the most liquid pairs in the forex market, known for its tight spreads and significant volatility during economic data releases. Today, market participants are keenly observing the upcoming remarks by Federal Reserve Governor Christopher Waller and the release of the Leading Indicators from the Conference Board, both of which could provide crucial insights into the direction of U.S. monetary policy. If Waller’s remarks lean hawkish, we might see strength in the USD, which could weigh on the EUR/USD pair. Additionally, stronger-than-expected Leading Indicators could further bolster the dollar, adding downward pressure on the pair.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
In the H4 chart of EUR/USD, the price is currently in a bullish trend, moving upward from the middle Bollinger Band towards the upper band, demonstrating strong upward momentum with 6 out of the last 10 candles being bullish. The price is navigating between the 0.236 Fibonacci retracement level and the 0.0 level, indicating potential resistance ahead. The RSI indicator, which is hovering around 66, suggests that the pair is nearing overbought conditions but still has some room for upward movement before it hits significant resistance.
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, often referred to as the "Fiber," is a highly traded currency pair that represents the exchange rate between the Euro and the US Dollar. It is one of the most liquid pairs in the forex market, known for its tight spreads and significant volatility during economic data releases. Today, market participants are keenly observing the upcoming remarks by Federal Reserve Governor Christopher Waller and the release of the Leading Indicators from the Conference Board, both of which could provide crucial insights into the direction of U.S. monetary policy. If Waller’s remarks lean hawkish, we might see strength in the USD, which could weigh on the EUR/USD pair. Additionally, stronger-than-expected Leading Indicators could further bolster the dollar, adding downward pressure on the pair.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
In the H4 chart of EUR/USD, the price is currently in a bullish trend, moving upward from the middle Bollinger Band towards the upper band, demonstrating strong upward momentum with 6 out of the last 10 candles being bullish. The price is navigating between the 0.236 Fibonacci retracement level and the 0.0 level, indicating potential resistance ahead. The RSI indicator, which is hovering around 66, suggests that the pair is nearing overbought conditions but still has some room for upward movement before it hits significant resistance.
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 Technical Outlook Amid Upcoming US Data
The NZD/USD, often referred to as the "Kiwi," represents the currency pair of the New Zealand Dollar against the US Dollar. The Kiwi is known for its correlation with commodities, especially dairy products, and is influenced by interest rate differentials between the Reserve Bank of New Zealand (RBNZ) and the Federal Reserve (Fed). With upcoming significant economic data from both New Zealand and the US, including the US Treasury International Capital (TIC) report, US residential building permits, and speeches from central bank officials, the NZD/USD pair may experience heightened volatility. Traders should particularly focus on the RBNZ Governor Adrian Orr's speech and the US economic indicators, as better-than-expected data from the US could strengthen the US Dollar, pressuring the NZD/USD lower. Conversely, any hints of future monetary policy shifts from the RBNZ could support the Kiwi, making the pair more attractive.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h
Analyzing the NZD USD H4 chart, it’s clear that after a bullish trend over the past two weeks, the pair is currently struggling to maintain its upward momentum. The price is moving along the lower line of the Bollinger Bands, indicating potential bearish pressure, especially as the last 10 candles have shown a predominant bearish trend with 7 out of 10 being bearish. The price has retraced from the upper band down to the middle band and is now hovering between the lower and middle bands, with the Bollinger Bands widening slightly—a sign of increasing volatility. The MACD and histogram are also signaling bearish momentum, supported by the higher volume of red candles. Additionally, the price is trading between the 0.786 and 0.618 Fibonacci retracement levels, suggesting a potential break below these levels could signal further downside. Traders should watch for a clear break below the lower Bollinger Band, which could indicate a continuation of the bearish 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 NZD/USD, often referred to as the "Kiwi," represents the currency pair of the New Zealand Dollar against the US Dollar. The Kiwi is known for its correlation with commodities, especially dairy products, and is influenced by interest rate differentials between the Reserve Bank of New Zealand (RBNZ) and the Federal Reserve (Fed). With upcoming significant economic data from both New Zealand and the US, including the US Treasury International Capital (TIC) report, US residential building permits, and speeches from central bank officials, the NZD/USD pair may experience heightened volatility. Traders should particularly focus on the RBNZ Governor Adrian Orr's speech and the US economic indicators, as better-than-expected data from the US could strengthen the US Dollar, pressuring the NZD/USD lower. Conversely, any hints of future monetary policy shifts from the RBNZ could support the Kiwi, making the pair more attractive.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h
Analyzing the NZD USD H4 chart, it’s clear that after a bullish trend over the past two weeks, the pair is currently struggling to maintain its upward momentum. The price is moving along the lower line of the Bollinger Bands, indicating potential bearish pressure, especially as the last 10 candles have shown a predominant bearish trend with 7 out of 10 being bearish. The price has retraced from the upper band down to the middle band and is now hovering between the lower and middle bands, with the Bollinger Bands widening slightly—a sign of increasing volatility. The MACD and histogram are also signaling bearish momentum, supported by the higher volume of red candles. Additionally, the price is trading between the 0.786 and 0.618 Fibonacci retracement levels, suggesting a potential break below these levels could signal further downside. Traders should watch for a clear break below the lower Bollinger Band, which could indicate a continuation of the bearish 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
Navigating GBP/USD with Technical Indicators
The GBP/USD forex pair, often referred to as "Cable," is a significant currency pair in the forex market, representing the exchange rate between the British pound sterling and the US dollar. Today, traders are closely monitoring a series of economic data releases from the UK, including GDP, trade balance, and manufacturing production figures. These indicators will provide insights into the UK's economic health, with higher-than-expected figures likely to bolster the pound, especially in light of ongoing concerns about the strength of the US dollar due to mixed economic signals from the US, including retail sales and jobless claims data.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
The H4 chart of GBP/USD pair reveals a complex technical scenario. The pair is currently navigating within a rising channel, though recent price action has seen a retracement from the upper Bollinger Band towards the middle band. This correction is evident after a sequence of five consecutive bearish candles. Despite this pullback, the price remains in an overall bullish trend, trading above key Fibonacci retracement levels between 0.618 (1.28790) and 0.5 (1.28292), which are acting as crucial support and resistance. The MACD histogram is showing signs of weakening momentum, but as long as the price stays within the rising channel and above the 0.618 Fibonacci level, the bullish outlook remains intact. However, a break below the lower channel line could signal a potential shift in market sentiment.
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 GBP/USD forex pair, often referred to as "Cable," is a significant currency pair in the forex market, representing the exchange rate between the British pound sterling and the US dollar. Today, traders are closely monitoring a series of economic data releases from the UK, including GDP, trade balance, and manufacturing production figures. These indicators will provide insights into the UK's economic health, with higher-than-expected figures likely to bolster the pound, especially in light of ongoing concerns about the strength of the US dollar due to mixed economic signals from the US, including retail sales and jobless claims data.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
The H4 chart of GBP/USD pair reveals a complex technical scenario. The pair is currently navigating within a rising channel, though recent price action has seen a retracement from the upper Bollinger Band towards the middle band. This correction is evident after a sequence of five consecutive bearish candles. Despite this pullback, the price remains in an overall bullish trend, trading above key Fibonacci retracement levels between 0.618 (1.28790) and 0.5 (1.28292), which are acting as crucial support and resistance. The MACD histogram is showing signs of weakening momentum, but as long as the price stays within the rising channel and above the 0.618 Fibonacci level, the bullish outlook remains intact. However, a break below the lower channel line could signal a potential shift in market sentiment.
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
Potential Impact of Economic Data on EURUSD
The EUR/USD pair, commonly referred to as the "Fiber" in forex trading circles, is one of the most traded currency pairs in the world. This pair represents the exchange rate between the Euro and the U.S. dollar, reflecting the economic dynamics between the Eurozone and the United States. Observations from the latest H4 chart indicate that the EUR/USD may be poised for a bullish phase following a correction period, suggesting a strong potential for upward movement in the near term.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Upon closer examination of the price action, we can see that this pair has been consolidating within a descending triangle pattern, characterized by a clear resistance around the 1.0950 level and solid support at 1.0900. This pattern typically signals accumulation in technical analysis, where the price action tightens as the market prepares for a potential breakout. The recent behavior of the EUR/USD suggests that traders are possibly gearing up for a move higher, supported by increasing bullish momentum. The MACD indicator further underscores this perspective, with a bullish divergence emerging as the MACD line ascends toward the signal line, indicating growing strength in buying activity. Moreover, the RSI remains robust, positioned above 50 and trending higher, which highlights the persistence of bullish sentiment among traders. This combination of technical signals—particularly the bullish MACD divergence and the strong RSI—strongly points toward a forthcoming bullish breakout. Traders should monitor the 1.0950 resistance level closely; a convincing break above this could open the path to higher resistance levels, affirming the ongoing bullish trend in the EUR/USD market.
DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes.: 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 pair, commonly referred to as the "Fiber" in forex trading circles, is one of the most traded currency pairs in the world. This pair represents the exchange rate between the Euro and the U.S. dollar, reflecting the economic dynamics between the Eurozone and the United States. Observations from the latest H4 chart indicate that the EUR/USD may be poised for a bullish phase following a correction period, suggesting a strong potential for upward movement in the near term.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Upon closer examination of the price action, we can see that this pair has been consolidating within a descending triangle pattern, characterized by a clear resistance around the 1.0950 level and solid support at 1.0900. This pattern typically signals accumulation in technical analysis, where the price action tightens as the market prepares for a potential breakout. The recent behavior of the EUR/USD suggests that traders are possibly gearing up for a move higher, supported by increasing bullish momentum. The MACD indicator further underscores this perspective, with a bullish divergence emerging as the MACD line ascends toward the signal line, indicating growing strength in buying activity. Moreover, the RSI remains robust, positioned above 50 and trending higher, which highlights the persistence of bullish sentiment among traders. This combination of technical signals—particularly the bullish MACD divergence and the strong RSI—strongly points toward a forthcoming bullish breakout. Traders should monitor the 1.0950 resistance level closely; a convincing break above this could open the path to higher resistance levels, affirming the ongoing bullish trend in the EUR/USD market.
DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes.: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes.
Capitalcore
USDCAD H4 Chart Bearish Momentum Continues
The USDCAD currency pair, often referred to by its nickname "Loonie," represents the exchange rate between the US Dollar (USD) and the Canadian Dollar (CAD). The USDCAD pair is highly sensitive to economic data releases and global oil prices, given Canada's significant oil exports. Today, the market's attention is on several low-impact economic indicators, including Canada's Building Permits data and the US Cleveland Fed Inflation Expectations, alongside the US Federal Budget Balance. Although these indicators are not expected to cause major volatility, they provide insights into the economic outlook of both countries. For instance, an increase in Canadian building permits could signal future economic activity, potentially offering some support to the CAD. Meanwhile, the USD will be influenced by inflation expectations and the federal budget, which may impact market sentiment if the figures deviate significantly from expectations.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Analyzing the USDCAD H4 chart, the price has been trending downward, confined within a bearish channel. Out of the last 20 candles, only 6 have been bullish, indicating persistent selling pressure. The price is moving within the lower half of the Bollinger Bands, specifically between the lower band and the middle band, suggesting that the bearish momentum remains strong. Additionally, the USD/CAD price is currently oscillating between the 0.786 and 0.618 Fibonacci retracement levels, highlighting potential support and resistance zones. The MACD histogram is showing bearish signals, with the MACD line staying below the signal line, further confirming the ongoing bearish trend. This combination of technical indicators suggests that the USDCAD might continue its downward trajectory unless significant fundamental changes occur.
• 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 USDCAD currency pair, often referred to by its nickname "Loonie," represents the exchange rate between the US Dollar (USD) and the Canadian Dollar (CAD). The USDCAD pair is highly sensitive to economic data releases and global oil prices, given Canada's significant oil exports. Today, the market's attention is on several low-impact economic indicators, including Canada's Building Permits data and the US Cleveland Fed Inflation Expectations, alongside the US Federal Budget Balance. Although these indicators are not expected to cause major volatility, they provide insights into the economic outlook of both countries. For instance, an increase in Canadian building permits could signal future economic activity, potentially offering some support to the CAD. Meanwhile, the USD will be influenced by inflation expectations and the federal budget, which may impact market sentiment if the figures deviate significantly from expectations.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Analyzing the USDCAD H4 chart, the price has been trending downward, confined within a bearish channel. Out of the last 20 candles, only 6 have been bullish, indicating persistent selling pressure. The price is moving within the lower half of the Bollinger Bands, specifically between the lower band and the middle band, suggesting that the bearish momentum remains strong. Additionally, the USD/CAD price is currently oscillating between the 0.786 and 0.618 Fibonacci retracement levels, highlighting potential support and resistance zones. The MACD histogram is showing bearish signals, with the MACD line staying below the signal line, further confirming the ongoing bearish trend. This combination of technical indicators suggests that the USDCAD might continue its downward trajectory unless significant fundamental changes occur.
• 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
EURCHF Technical Outlook on H4 Chart
The EURCHF forex pair, often referred to by traders as the "Swissy," is a popular pair in the Forex market, representing the euro against the Swiss franc. It is known for its stability and is often traded during times of economic uncertainty due to Switzerland's safe-haven status. As of today, the EUR/CHF is in focus due to upcoming economic releases from both the Eurozone and Switzerland. The German Final CPI is expected to remain at 0.3%, which could have a minimal impact on the euro. Additionally, the Italian Trade Balance is expected to show a surplus of 5.55B, which might lend some support to the euro. On the Swiss side, the SECO Consumer Climate index is forecasted at -36, indicating continued pessimism among Swiss consumers, which could weigh on the Swiss franc. Overall, with these low-impact events, the EUR/CHF might not see significant volatility unless the data significantly deviates from expectations.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Looking at the H4 chart of EUR/CHF, the price recently shifted from a bearish to a bullish trend, as evidenced by the movement from the lower Bollinger Band to the upper band. The pair has shown a strong recovery with the last four candles being green and bullish, supported by an increase in green volume bars. The MACD histogram and lines also suggest strengthening bullish momentum. The price is currently situated between the 0.236 and 0.382 Fibonacci retracement levels, indicating that the pair may be testing a key resistance area. If the price manages to break above the 0.382 Fibonacci level, further bullish movement could be anticipated. However, a failure to break this resistance could lead to a consolidation or even a minor pullback.
• 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 EURCHF forex pair, often referred to by traders as the "Swissy," is a popular pair in the Forex market, representing the euro against the Swiss franc. It is known for its stability and is often traded during times of economic uncertainty due to Switzerland's safe-haven status. As of today, the EUR/CHF is in focus due to upcoming economic releases from both the Eurozone and Switzerland. The German Final CPI is expected to remain at 0.3%, which could have a minimal impact on the euro. Additionally, the Italian Trade Balance is expected to show a surplus of 5.55B, which might lend some support to the euro. On the Swiss side, the SECO Consumer Climate index is forecasted at -36, indicating continued pessimism among Swiss consumers, which could weigh on the Swiss franc. Overall, with these low-impact events, the EUR/CHF might not see significant volatility unless the data significantly deviates from expectations.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Looking at the H4 chart of EUR/CHF, the price recently shifted from a bearish to a bullish trend, as evidenced by the movement from the lower Bollinger Band to the upper band. The pair has shown a strong recovery with the last four candles being green and bullish, supported by an increase in green volume bars. The MACD histogram and lines also suggest strengthening bullish momentum. The price is currently situated between the 0.236 and 0.382 Fibonacci retracement levels, indicating that the pair may be testing a key resistance area. If the price manages to break above the 0.382 Fibonacci level, further bullish movement could be anticipated. However, a failure to break this resistance could lead to a consolidation or even a minor pullback.
• 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
AUD/CHF Technical Bearish Indicators
The AUD/CHF currency pair, often referred to by traders as the "Aussie-Swiss," is currently experiencing a significant bearish trend. This downtrend is evident from the recent price movements shown in the chart, where the pair has been on a consistent decline, breaching several support levels. The price line has recently started a correction phase but remains below the 50-period moving average (MA), indicating that the overall bearish sentiment is still dominant. The pair's inability to cross above this MA suggests that the bearish pressure is likely to persist.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
At present, the bullish correction has reached the 0.236 level of the Fibonacci retracement drawn from the recent high of 0.60758 to the low of 0.54371. This retracement level is crucial as it often acts as a resistance in a strong downtrend. Given the current market conditions and the lack of significant bullish momentum, it is expected that the AUD/CHF pair will resume its bearish trajectory. The bears appear to be maintaining control, and unless the price breaks above the 0.236 level with substantial volume, the downtrend is likely to continue. Traders should watch for any signs of a further decline, especially if the price fails to sustain above this retracement 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
The AUD/CHF currency pair, often referred to by traders as the "Aussie-Swiss," is currently experiencing a significant bearish trend. This downtrend is evident from the recent price movements shown in the chart, where the pair has been on a consistent decline, breaching several support levels. The price line has recently started a correction phase but remains below the 50-period moving average (MA), indicating that the overall bearish sentiment is still dominant. The pair's inability to cross above this MA suggests that the bearish pressure is likely to persist.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
At present, the bullish correction has reached the 0.236 level of the Fibonacci retracement drawn from the recent high of 0.60758 to the low of 0.54371. This retracement level is crucial as it often acts as a resistance in a strong downtrend. Given the current market conditions and the lack of significant bullish momentum, it is expected that the AUD/CHF pair will resume its bearish trajectory. The bears appear to be maintaining control, and unless the price breaks above the 0.236 level with substantial volume, the downtrend is likely to continue. Traders should watch for any signs of a further decline, especially if the price fails to sustain above this retracement 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
Trading AUD/USD: H4 Chart Bearish Patterns and Signals
The AUD/USD pair, often referred to as the “Aussie,” represents the exchange rate between the Australian dollar and the US dollar. Known for its liquidity and volatility, the Aussie is heavily influenced by economic indicators and commodity prices, particularly gold and iron ore. Today’s trading environment for AUD/USD may be impacted by the Bank Holiday in Australia, which could lead to lower liquidity and irregular volatility. Additionally, the release of the MI Inflation Gauge m/m in Australia will provide insights into consumer inflation, which, if higher than expected, could support the AUD. On the US side, key economic releases such as the Final Services PMI, forecasted at 56.0, and the ISM Services PMI, expected at 51.4, will be closely watched. These indicators, if they exceed forecasts, may strengthen the USD against the AUD.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Analyzing the AUD/USD H4 chart, the price is currently ranging between the lower Bollinger Band and the middle band, with 7 out of the last 10 candles being bearish. The last 3 candles have moved from the middle band towards the lower band, indicating a strong bearish trend. The price is situated between the Fibonacci retracement levels of 0.618 and 0.786, acting as potential support and resistance zones. The Bollinger Bands are stable, neither expanding nor narrowing significantly, suggesting a steady market condition. The MACD indicator shows a bearish trend, with the MACD line below the signal line and the histogram in negative territory, reinforcing the bearish momentum. Volume levels have been consistent with recent price action, supporting the bearish sentiment. Traders should monitor for a breakout below the 0.786 Fibonacci level for further bearish confirmation or a potential bounce towards the middle Bollinger Band for a bullish 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 AUD/USD pair, often referred to as the “Aussie,” represents the exchange rate between the Australian dollar and the US dollar. Known for its liquidity and volatility, the Aussie is heavily influenced by economic indicators and commodity prices, particularly gold and iron ore. Today’s trading environment for AUD/USD may be impacted by the Bank Holiday in Australia, which could lead to lower liquidity and irregular volatility. Additionally, the release of the MI Inflation Gauge m/m in Australia will provide insights into consumer inflation, which, if higher than expected, could support the AUD. On the US side, key economic releases such as the Final Services PMI, forecasted at 56.0, and the ISM Services PMI, expected at 51.4, will be closely watched. These indicators, if they exceed forecasts, may strengthen the USD against the AUD.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Analyzing the AUD/USD H4 chart, the price is currently ranging between the lower Bollinger Band and the middle band, with 7 out of the last 10 candles being bearish. The last 3 candles have moved from the middle band towards the lower band, indicating a strong bearish trend. The price is situated between the Fibonacci retracement levels of 0.618 and 0.786, acting as potential support and resistance zones. The Bollinger Bands are stable, neither expanding nor narrowing significantly, suggesting a steady market condition. The MACD indicator shows a bearish trend, with the MACD line below the signal line and the histogram in negative territory, reinforcing the bearish momentum. Volume levels have been consistent with recent price action, supporting the bearish sentiment. Traders should monitor for a breakout below the 0.786 Fibonacci level for further bearish confirmation or a potential bounce towards the middle Bollinger Band for a bullish 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
AUDCHF Daily Chart Technical Analysis
The AUDCHF forex pair, also known as the "Aussie-Swiss," represents the exchange rate between the Australian Dollar (AUD) and the Swiss Franc (CHF). This pair combines the high-yielding Australian Dollar with the safe-haven Swiss Franc, making it sensitive to both risk sentiment and economic data from Australia and Switzerland. Given the mixed nature of these currencies, trading the AUDCHF can provide opportunities during various market conditions.
Today's key economic releases include the Australian Producer Price Index (PPI) for Q2, which is expected to show a 1.0% increase. A higher-than-forecast PPI would indicate rising costs for producers, which could lead to increased consumer inflation and potentially support the AUD. On the Swiss side, the Consumer Price Index (CPI) for July is anticipated to drop by 0.2%. A lower CPI would suggest decreasing inflationary pressures, possibly leading to a dovish stance by the Swiss National Bank (SNB). Additionally, the Swiss Manufacturing PMI is forecasted at 44.4, indicating potential contraction in the sector. These data points are likely to influence the AUDCHF pair, with the Australian data possibly providing support for the AUD, while weaker Swiss data might weigh on the CHF.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
The AUDCHF H4 chart shows a strong bearish trend, with the price consistently forming negative candles and moving near the lower Bollinger Band, indicating sustained selling pressure. The Bollinger Bands are widening, which suggests increased volatility, but the overall trend remains bearish. The MACD indicator is showing bearish signals, with both the MACD line and the signal line positioned below the zero line, and the histogram also negative, reinforcing the downtrend. The price is currently between the 1 and 0.786 Fibonacci retracement levels, highlighting a significant downward move from its recent highs.
• 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 AUDCHF forex pair, also known as the "Aussie-Swiss," represents the exchange rate between the Australian Dollar (AUD) and the Swiss Franc (CHF). This pair combines the high-yielding Australian Dollar with the safe-haven Swiss Franc, making it sensitive to both risk sentiment and economic data from Australia and Switzerland. Given the mixed nature of these currencies, trading the AUDCHF can provide opportunities during various market conditions.
Today's key economic releases include the Australian Producer Price Index (PPI) for Q2, which is expected to show a 1.0% increase. A higher-than-forecast PPI would indicate rising costs for producers, which could lead to increased consumer inflation and potentially support the AUD. On the Swiss side, the Consumer Price Index (CPI) for July is anticipated to drop by 0.2%. A lower CPI would suggest decreasing inflationary pressures, possibly leading to a dovish stance by the Swiss National Bank (SNB). Additionally, the Swiss Manufacturing PMI is forecasted at 44.4, indicating potential contraction in the sector. These data points are likely to influence the AUDCHF pair, with the Australian data possibly providing support for the AUD, while weaker Swiss data might weigh on the CHF.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
The AUDCHF H4 chart shows a strong bearish trend, with the price consistently forming negative candles and moving near the lower Bollinger Band, indicating sustained selling pressure. The Bollinger Bands are widening, which suggests increased volatility, but the overall trend remains bearish. The MACD indicator is showing bearish signals, with both the MACD line and the signal line positioned below the zero line, and the histogram also negative, reinforcing the downtrend. The price is currently between the 1 and 0.786 Fibonacci retracement levels, highlighting a significant downward move from its recent highs.
• 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
Fiber’s Key Levels on EUR/USD Chart
The EUR/USD forex pair, commonly known as the “Fiber,” is one of the most traded currency pairs in the world, representing the exchange rate between the Euro and the US Dollar. Traders closely monitor this pair for insights into global economic health and monetary policy directions. Today’s EUR/USD outlook is influenced by several low-impact economic indicators from the Eurozone, including the Spanish, Italian, French, and German Manufacturing PMIs. The Spanish PMI is forecasted at 52.5, suggesting industry expansion, while the Italian, French, and German PMIs are expected to remain below the 50 mark, indicating contraction. Additionally, the ECB Economic Bulletin will provide insights into the central bank’s economic assessments. On the USD side, key data such as Unemployment Claims, with a forecast of 236K, and the ISM Manufacturing PMI, expected at 48.8, will be crucial as they reflect the health of the labor market and manufacturing sector in the US.
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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 bearish trend, trading within a descending channel. The Bollinger Bands indicate increased volatility as they have widened slightly over the past few days. The price recently moved from the lower Bollinger Band towards the middle band but faced resistance and retreated. However, the last two candles have been bullish, attempting to breach the middle band again. The MACD indicator shows that the MACD line and the signal line are below the zero line, indicating bearish momentum, but the histogram shows diminishing bearish momentum, suggesting a possible reversal or consolidation. The Fibonacci retracement levels indicate that the price is hovering around the 0.5 level, providing significant support and resistance zones. The volume bars show increased activity during the price drops, indicating strong selling pressure. In summary, while the pair is in a bearish trend, recent bullish candles and diminishing bearish momentum in the MACD histogram suggest potential consolidation or a minor bullish correction before resuming the downward 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 EUR/USD forex pair, commonly known as the “Fiber,” is one of the most traded currency pairs in the world, representing the exchange rate between the Euro and the US Dollar. Traders closely monitor this pair for insights into global economic health and monetary policy directions. Today’s EUR/USD outlook is influenced by several low-impact economic indicators from the Eurozone, including the Spanish, Italian, French, and German Manufacturing PMIs. The Spanish PMI is forecasted at 52.5, suggesting industry expansion, while the Italian, French, and German PMIs are expected to remain below the 50 mark, indicating contraction. Additionally, the ECB Economic Bulletin will provide insights into the central bank’s economic assessments. On the USD side, key data such as Unemployment Claims, with a forecast of 236K, and the ISM Manufacturing PMI, expected at 48.8, will be crucial as they reflect the health of the labor market and manufacturing sector in the US.
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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 bearish trend, trading within a descending channel. The Bollinger Bands indicate increased volatility as they have widened slightly over the past few days. The price recently moved from the lower Bollinger Band towards the middle band but faced resistance and retreated. However, the last two candles have been bullish, attempting to breach the middle band again. The MACD indicator shows that the MACD line and the signal line are below the zero line, indicating bearish momentum, but the histogram shows diminishing bearish momentum, suggesting a possible reversal or consolidation. The Fibonacci retracement levels indicate that the price is hovering around the 0.5 level, providing significant support and resistance zones. The volume bars show increased activity during the price drops, indicating strong selling pressure. In summary, while the pair is in a bearish trend, recent bullish candles and diminishing bearish momentum in the MACD histogram suggest potential consolidation or a minor bullish correction before resuming the downward 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
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.
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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
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
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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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
EUR/GBP Analysis and Forecast
The EUR/GBP currency pair, also known as “Chunnel” due to the Channel Tunnel linking Europe and the UK, represents the exchange rate between the Euro and the British Pound. This pair is heavily influenced by economic and political events in the Eurozone and the United Kingdom. Traders often monitor it for insights into the relative strength of these two major currencies. The EUR/GBP H4 candlestick chart indicates a potential bullish phase as this price line breaks out of a bearish structure, forming higher highs and higher lows. This upward movement is supported by the price rising above the Ichimoku cloud, signaling a bullish trend. Additionally, the RSI is above 60, indicating strong bullish momentum. These technical indicators suggest that the EUR/GBP pair might continue its upward trajectory in the near term.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
The EUR/GBP H4 candlestick chart indicates a potential bullish phase as this price line breaks out of a bearish structure, forming higher highs and higher lows. This upward movement is supported by the price rising above the Ichimoku cloud, signaling a bullish trend. Additionally, the RSI is above 60, indicating strong bullish momentum. These technical indicators suggest that the EUR/GBP pair might continue its upward trajectory in the near term.
Recent economic data supports this outlook. The Eurozone’s PMI figures have generally beaten expectations, with the Italian Manufacturing PMI at 45.7, French Final Manufacturing PMI at 45.4, and the overall Final Manufacturing PMI at 45.8, all surpassing their forecasts. In contrast, the UK’s economic data presents a mixed picture, with the Final Manufacturing PMI revised down to 50.9 and weaker-than-expected M4 Money Supply and Net Lending to Individuals figures. These economic divergences may further support the EUR over the GBP, bolstering the bullish sentiment for the EUR/GBP pair.
• 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 currency pair, also known as “Chunnel” due to the Channel Tunnel linking Europe and the UK, represents the exchange rate between the Euro and the British Pound. This pair is heavily influenced by economic and political events in the Eurozone and the United Kingdom. Traders often monitor it for insights into the relative strength of these two major currencies. The EUR/GBP H4 candlestick chart indicates a potential bullish phase as this price line breaks out of a bearish structure, forming higher highs and higher lows. This upward movement is supported by the price rising above the Ichimoku cloud, signaling a bullish trend. Additionally, the RSI is above 60, indicating strong bullish momentum. These technical indicators suggest that the EUR/GBP pair might continue its upward trajectory in the near term.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
The EUR/GBP H4 candlestick chart indicates a potential bullish phase as this price line breaks out of a bearish structure, forming higher highs and higher lows. This upward movement is supported by the price rising above the Ichimoku cloud, signaling a bullish trend. Additionally, the RSI is above 60, indicating strong bullish momentum. These technical indicators suggest that the EUR/GBP pair might continue its upward trajectory in the near term.
Recent economic data supports this outlook. The Eurozone’s PMI figures have generally beaten expectations, with the Italian Manufacturing PMI at 45.7, French Final Manufacturing PMI at 45.4, and the overall Final Manufacturing PMI at 45.8, all surpassing their forecasts. In contrast, the UK’s economic data presents a mixed picture, with the Final Manufacturing PMI revised down to 50.9 and weaker-than-expected M4 Money Supply and Net Lending to Individuals figures. These economic divergences may further support the EUR over the GBP, bolstering the bullish sentiment for the EUR/GBP pair.
• 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
AUD/USD H4 Chart Shows Bullish Momentum
The AUD/USD forex pair, commonly known as the “Aussie,” is a major currency pair in the foreign exchange market, representing the exchange rate between the Australian dollar and the US dollar. AUDUSD forex pair is highly popular among traders due to its liquidity and the economic relationship between Australia and the United States. As of today, the market is anticipating several significant USD-impacting news events, including the Final Manufacturing PMI, ISM Manufacturing PMI, ISM Manufacturing Prices, Construction Spending, and ECB President Christine Lagarde’s speech. The Final Manufacturing PMI and ISM Manufacturing PMI reports are particularly influential as they provide insights into the health of the US manufacturing sector, with expectations set at 51.7 and 49.2, respectively. If the actual figures exceed these forecasts, it could bolster the US dollar, exerting downward pressure on the AUD/USD pair. Conversely, weaker-than-expected results might support the Australian dollar. Additionally, ISM Manufacturing Prices, forecasted at 55.8, will be closely watched as an indicator of inflationary pressures. ECB President Lagarde’s comments could also add volatility, depending on her stance on monetary policy.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Analyzing the AUD/USD H4 chart, we observe that the price has been oscillating within the Bollinger Bands. Recently, the price moved from the lower band towards the middle band, reaching the upper band with three consecutive bullish candles. However, the last two candles have been bearish, indicating a potential correction but still hovering near the upper band, suggesting ongoing bullish momentum. The Bollinger Bands have widened, reflecting increased volatility. Additionally, the AUDUSD price is moving within the Fibonacci retracement levels of 0 and 0.236, indicating potential support and resistance areas. The RSI indicator is approaching overbought territory, which could imply a short-term pullback or consolidation.
• 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 AUD/USD forex pair, commonly known as the “Aussie,” is a major currency pair in the foreign exchange market, representing the exchange rate between the Australian dollar and the US dollar. AUDUSD forex pair is highly popular among traders due to its liquidity and the economic relationship between Australia and the United States. As of today, the market is anticipating several significant USD-impacting news events, including the Final Manufacturing PMI, ISM Manufacturing PMI, ISM Manufacturing Prices, Construction Spending, and ECB President Christine Lagarde’s speech. The Final Manufacturing PMI and ISM Manufacturing PMI reports are particularly influential as they provide insights into the health of the US manufacturing sector, with expectations set at 51.7 and 49.2, respectively. If the actual figures exceed these forecasts, it could bolster the US dollar, exerting downward pressure on the AUD/USD pair. Conversely, weaker-than-expected results might support the Australian dollar. Additionally, ISM Manufacturing Prices, forecasted at 55.8, will be closely watched as an indicator of inflationary pressures. ECB President Lagarde’s comments could also add volatility, depending on her stance on monetary policy.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Analyzing the AUD/USD H4 chart, we observe that the price has been oscillating within the Bollinger Bands. Recently, the price moved from the lower band towards the middle band, reaching the upper band with three consecutive bullish candles. However, the last two candles have been bearish, indicating a potential correction but still hovering near the upper band, suggesting ongoing bullish momentum. The Bollinger Bands have widened, reflecting increased volatility. Additionally, the AUDUSD price is moving within the Fibonacci retracement levels of 0 and 0.236, indicating potential support and resistance areas. The RSI indicator is approaching overbought territory, which could imply a short-term pullback or consolidation.
• 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
USDCAD H4 Analysis: Bullish Momentum Gathers Pace
The USDCAD currency pair, often referred to as the “Loonie,” represents the exchange rate between the US dollar and the Canadian dollar. It is heavily influenced by commodity prices, particularly oil, as Canada is a major oil exporter. Loonie is widely traded in the forex market, reflecting economic and geopolitical dynamics between the United States and Canada. Today’s economic data for CAD includes a high-impact GDP release, forecasted at 0.3% m/m. A result exceeding this forecast would be positive for the CAD, indicating robust economic health. Conversely, the USD will see multiple low to medium impact news, such as Personal Income, Personal Spending, and speeches by FOMC members. Of particular note is the Core PCE Price Index, forecasted at 0.1%, which is a key inflation measure for the Fed. Additionally, speeches by President Biden and FOMC members could provide further insights into future monetary policy. Given the mixed nature of US economic indicators and the high importance of Canada’s GDP data, the USDCAD forex pair might see increased volatility.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Analyzing the H4 chart for USDCAD, a potential uptrend is emerging following a downtrend. The price action indicates a shift as the candles move from the lower Bollinger Band to the middle and now between the middle and upper bands, signaling bullish momentum. The Fibonacci retracement levels show the price recovering from the 0.786 level, moving towards the 0.382 level at 1.37481. With 8 out of the last 10 candles being green, there is a clear positive movement in the Loonie’s price. The RSI is above 50, further supporting the bullish sentiment. The Bollinger Bands have started to widen, indicating increasing volatility and potential continuation of the upward movement.
• 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 USDCAD currency pair, often referred to as the “Loonie,” represents the exchange rate between the US dollar and the Canadian dollar. It is heavily influenced by commodity prices, particularly oil, as Canada is a major oil exporter. Loonie is widely traded in the forex market, reflecting economic and geopolitical dynamics between the United States and Canada. Today’s economic data for CAD includes a high-impact GDP release, forecasted at 0.3% m/m. A result exceeding this forecast would be positive for the CAD, indicating robust economic health. Conversely, the USD will see multiple low to medium impact news, such as Personal Income, Personal Spending, and speeches by FOMC members. Of particular note is the Core PCE Price Index, forecasted at 0.1%, which is a key inflation measure for the Fed. Additionally, speeches by President Biden and FOMC members could provide further insights into future monetary policy. Given the mixed nature of US economic indicators and the high importance of Canada’s GDP data, the USDCAD forex pair might see increased volatility.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Analyzing the H4 chart for USDCAD, a potential uptrend is emerging following a downtrend. The price action indicates a shift as the candles move from the lower Bollinger Band to the middle and now between the middle and upper bands, signaling bullish momentum. The Fibonacci retracement levels show the price recovering from the 0.786 level, moving towards the 0.382 level at 1.37481. With 8 out of the last 10 candles being green, there is a clear positive movement in the Loonie’s price. The RSI is above 50, further supporting the bullish sentiment. The Bollinger Bands have started to widen, indicating increasing volatility and potential continuation of the upward movement.
• 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
GBPUSD H4 Technical Analysis of Recent Uptrends
The GBPUSD pair, commonly known as “Cable,” is a significant forex pair that tracks the exchange rate between the British Pound and the US Dollar. It is a vital financial instrument for traders due to the economic prominence of both nations. Today, fundamental analysis must consider a slew of U.S. economic data including GDP, unemployment claims, and durable goods orders, alongside British economic releases like the BOE Financial Stability Report and BOE Governor Bailey’s speech. These factors could significantly influence Cable, with stronger-than-expected U.S. data potentially bolstering the USD, while hawkish remarks from Governor Bailey could lend strength to the GBP.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Analyzing the uploaded GBPUSD H4 chart, the recent price action reveals a bullish trend. The last seven candles have shown a consistent bullish momentum, progressing from the lower Bollinger band toward the middle and surging past it to touch and currently flirt with the upper band. This movement is underscored by widening Bollinger bands, indicating increasing volatility and bullish strength in the market. The RSI, hovering near the 66 mark, suggests the market is approaching overbought territory but still has room before extreme levels, supporting the potential for continued bullish behavior in the short term.
• 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 GBPUSD pair, commonly known as “Cable,” is a significant forex pair that tracks the exchange rate between the British Pound and the US Dollar. It is a vital financial instrument for traders due to the economic prominence of both nations. Today, fundamental analysis must consider a slew of U.S. economic data including GDP, unemployment claims, and durable goods orders, alongside British economic releases like the BOE Financial Stability Report and BOE Governor Bailey’s speech. These factors could significantly influence Cable, with stronger-than-expected U.S. data potentially bolstering the USD, while hawkish remarks from Governor Bailey could lend strength to the GBP.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Analyzing the uploaded GBPUSD H4 chart, the recent price action reveals a bullish trend. The last seven candles have shown a consistent bullish momentum, progressing from the lower Bollinger band toward the middle and surging past it to touch and currently flirt with the upper band. This movement is underscored by widening Bollinger bands, indicating increasing volatility and bullish strength in the market. The RSI, hovering near the 66 mark, suggests the market is approaching overbought territory but still has room before extreme levels, supporting the potential for continued bullish behavior in the short term.
• 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
Bearish Trend Signals in EURUSD: Technical Analysis
In our latest analysis of the EURUSD pair, the market trend shows a bearish inclination. The recent price action indicates a potential break of structure (BOS), suggesting a short-selling opportunity. Utilizing Fibonacci retracement, we identify the optimal entry zone between the 0.618 to 0.382 levels, where the price is likely to find resistance before continuing its downward movement. Additionally, the RSI indicator supports a neutral to slightly bearish outlook, implying that the asset's performance is currently below average and not exhibiting strong momentum.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Based on the USD/JPY H4 chart, the pair is currently trading within a rising channel, indicating a bullish trend on this pair. The price action of USD/JPY shows that the pair has recently tested the upper boundary of the channel around 159.60, facing resistance and showing signs of consolidation. Key support levels to watch include 159.33 and 159.11, which coincide with the lower boundary of the channel and the previous resistance turned support. The RSI indicator is currently in the overbought zone, suggesting a potential for a minor pullback before any further upward movement.
• 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
In our latest analysis of the EURUSD pair, the market trend shows a bearish inclination. The recent price action indicates a potential break of structure (BOS), suggesting a short-selling opportunity. Utilizing Fibonacci retracement, we identify the optimal entry zone between the 0.618 to 0.382 levels, where the price is likely to find resistance before continuing its downward movement. Additionally, the RSI indicator supports a neutral to slightly bearish outlook, implying that the asset's performance is currently below average and not exhibiting strong momentum.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Based on the USD/JPY H4 chart, the pair is currently trading within a rising channel, indicating a bullish trend on this pair. The price action of USD/JPY shows that the pair has recently tested the upper boundary of the channel around 159.60, facing resistance and showing signs of consolidation. Key support levels to watch include 159.33 and 159.11, which coincide with the lower boundary of the channel and the previous resistance turned support. The RSI indicator is currently in the overbought zone, suggesting a potential for a minor pullback before any further upward movement.
• 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
USDJPY Analysis, Key Indicators and Market Movements
The USD/JPY currency pair, often referred to by traders as the “Gopher,” is a significant forex pair representing the exchange rate between the US dollar and the Japanese yen. This pair is heavily influenced by the economic policies and conditions in both the United States and Japan, making it a focal point for forex traders aiming to exploit macroeconomic trends and news releases. In the context of the USD/JPY news forecast today, the Corporate Services Price Index (CSPI) and the Consumer Price Index (CPI) from the Bank of Japan play crucial roles. The higher-than-expected CSPI indicates rising costs for corporations, potentially leading to increased inflationary pressures. On the other hand, the upcoming Federal Reserve Governor Michelle Bowman’s speech could provide insights into US monetary policy, potentially impacting the USD/JPY pair. Traders should closely monitor these fundamental indicators alongside technical levels to make informed trading decisions.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Based on the USD/JPY H4 chart, the pair is currently trading within a rising channel, indicating a bullish trend on this pair. The price action of USD/JPY shows that the pair has recently tested the upper boundary of the channel around 159.60, facing resistance and showing signs of consolidation. Key support levels to watch include 159.33 and 159.11, which coincide with the lower boundary of the channel and the previous resistance turned support. The RSI indicator is currently in the overbought zone, suggesting a potential for a minor pullback before any further upward movement.
• 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, often referred to by traders as the “Gopher,” is a significant forex pair representing the exchange rate between the US dollar and the Japanese yen. This pair is heavily influenced by the economic policies and conditions in both the United States and Japan, making it a focal point for forex traders aiming to exploit macroeconomic trends and news releases. In the context of the USD/JPY news forecast today, the Corporate Services Price Index (CSPI) and the Consumer Price Index (CPI) from the Bank of Japan play crucial roles. The higher-than-expected CSPI indicates rising costs for corporations, potentially leading to increased inflationary pressures. On the other hand, the upcoming Federal Reserve Governor Michelle Bowman’s speech could provide insights into US monetary policy, potentially impacting the USD/JPY pair. Traders should closely monitor these fundamental indicators alongside technical levels to make informed trading decisions.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Based on the USD/JPY H4 chart, the pair is currently trading within a rising channel, indicating a bullish trend on this pair. The price action of USD/JPY shows that the pair has recently tested the upper boundary of the channel around 159.60, facing resistance and showing signs of consolidation. Key support levels to watch include 159.33 and 159.11, which coincide with the lower boundary of the channel and the previous resistance turned support. The RSI indicator is currently in the overbought zone, suggesting a potential for a minor pullback before any further upward movement.
• 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
Technical Analysis of USD/CAD Indicators
The USD/CAD forex pair, commonly referred to as the “Loonie,” is a prominent currency pair in the forex market, representing the exchange rate between the US Dollar and the Canadian Dollar. It is influenced by various factors, including economic data releases, central bank policies, and commodity prices, especially oil. Understanding its movements is crucial for traders due to its high liquidity and sensitivity to geopolitical and economic events. Today, the market anticipates several important events that could impact USDCAD. Federal Reserve FOMC members Mary Daly and Christopher Waller are set to speak, and their remarks could offer insights into future US monetary policy, potentially strengthening the USD if their tone is hawkish. Concurrently, Bank of Canada Governor Tiff Macklem is scheduled to speak, with traders keenly awaiting his comments for clues on Canada’s economic outlook and interest rate policy. A hawkish stance from Macklem could support the CAD currency, introducing significant volatility to the pair.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Analyzing the H4 chart of USD/CAD, the recent price action has been oscillating between the lower and middle Bollinger Bands, indicating a bearish trend with intermittent bullish candles. The last five candles have generally moved from the lower band towards the middle band, with four out of five being bullish, including the current one. Despite this, the overall trend remains bearish, highlighted by the pattern of alternating bullish and bearish candles. The USD/CAD’s RSI indicator is positioned below 50, suggesting bearish momentum, while volumes indicate fluctuating interest. The Fibonacci retracement levels provide additional support and resistance points, aligning with the observed price movements within the Bollinger Bands.
• 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
GBP/USD Technical Analysis Key Indicators
The GBP/USD currency pair, often referred to by its nickname “Cable,” is a widely traded forex pair that represents the British Pound against the US Dollar. The GBP USD forex pair is known for its high volatility and sensitivity to both economic data and geopolitical events from the United Kingdom and the United States. Today, the forex market anticipates several impactful news releases for both currencies, including the UK’s Retail Sales, Flash Manufacturing PMI, and Flash Services PMI, as well as the US Flash Manufacturing PMI and Flash Services PMI. From a fundamental perspective, the GBP is poised to react to several high-impact news releases today. The Retail Sales m/m is expected to show a significant increase at 1.6%, indicating robust consumer spending which is positive for the GBP. The Flash Manufacturing PMI and Flash Services PMI are both forecasted to be above the 50.0 mark, suggesting expansion in these sectors and potentially bolstering the GBP. Conversely, for the USD pair, the Flash Manufacturing PMI is expected at 51.0 and Flash Services PMI at 53.4, both indicating expansion but not strong enough to significantly outpace the GBP data. The outcome of these reports could lead to increased volatility in the GBP-USD forex pair, especially if the actual figures deviate from the forecasts.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Analyzing the GBP/USD H4 chart, several technical indicators provide insights into the pair’s recent bearish momentum. The Bollinger Bands show that the last seven red candles have moved from the upper band towards the middle band, with the last two candles touching the lower band, indicating strong bearish pressure. The bands are also widening smoothly, which usually signifies increasing volatility and the continuation of the current trend. The Parabolic SAR dots above the candles reinforce this bearish sentiment, showing no immediate signs of a reversal in the GBP USD pair. Additionally, the Fibonacci Retracement levels indicate that the price is approaching key support areas. The increasing volume in the recent bearish candles suggests that the selling pressure is strong, which could lead to further declines if the support levels are breached.
• 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 GBP/USD currency pair, often referred to by its nickname “Cable,” is a widely traded forex pair that represents the British Pound against the US Dollar. The GBP USD forex pair is known for its high volatility and sensitivity to both economic data and geopolitical events from the United Kingdom and the United States. Today, the forex market anticipates several impactful news releases for both currencies, including the UK’s Retail Sales, Flash Manufacturing PMI, and Flash Services PMI, as well as the US Flash Manufacturing PMI and Flash Services PMI. From a fundamental perspective, the GBP is poised to react to several high-impact news releases today. The Retail Sales m/m is expected to show a significant increase at 1.6%, indicating robust consumer spending which is positive for the GBP. The Flash Manufacturing PMI and Flash Services PMI are both forecasted to be above the 50.0 mark, suggesting expansion in these sectors and potentially bolstering the GBP. Conversely, for the USD pair, the Flash Manufacturing PMI is expected at 51.0 and Flash Services PMI at 53.4, both indicating expansion but not strong enough to significantly outpace the GBP data. The outcome of these reports could lead to increased volatility in the GBP-USD forex pair, especially if the actual figures deviate from the forecasts.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Analyzing the GBP/USD H4 chart, several technical indicators provide insights into the pair’s recent bearish momentum. The Bollinger Bands show that the last seven red candles have moved from the upper band towards the middle band, with the last two candles touching the lower band, indicating strong bearish pressure. The bands are also widening smoothly, which usually signifies increasing volatility and the continuation of the current trend. The Parabolic SAR dots above the candles reinforce this bearish sentiment, showing no immediate signs of a reversal in the GBP USD pair. Additionally, the Fibonacci Retracement levels indicate that the price is approaching key support areas. The increasing volume in the recent bearish candles suggests that the selling pressure is strong, which could lead to further declines if the support levels are breached.
• 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
EURUSD Technical Analysis on H4 Chart
The EUR/USD, commonly known as “Fiber,” is the most traded currency pair in the forex market, reflecting the exchange rate between the euro (EUR) and the U.S. dollar (USD). This pair is heavily influenced by economic developments in both the Eurozone and the United States, making it a key indicator for global economic health. Today, traders are closely watching several low-impact Eurozone reports, including the German PPI m/m, ECB Economic Bulletin, Spanish 10-y Bond Auction, and Consumer Confidence. Additionally, significant attention is on high-impact U.S. data such as Unemployment Claims, Building Permits, and the Philly Fed Manufacturing Index. If the German PPI exceeds forecasts, it may provide slight bullish support for the euro. Conversely, strong U.S. data, particularly a lower-than-expected unemployment claims figure, could bolster the dollar, adding potential downward pressure on the EUR-USD pair.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
The H4 chart of EUR/USD indicates a bullish momentum with the last 10 candles showing six green and bullish candles. The price has been moving from the middle Bollinger Band towards the upper band, signifying potential upward movement. The Bollinger Bands have tightened compared to the previous week, indicating decreased volatility yet a bullish trend. The RSI is around 53, moving away from oversold territory, supporting a positive outlook. The EURUSD chart price action is currently around the 0.618 Fibonacci retracement level, which acts as a significant support and resistance zone. This alignment of indicators suggests a continuation of the bullish trend, provided there are no major disruptions from the upcoming economic data.
• 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, commonly known as “Fiber,” is the most traded currency pair in the forex market, reflecting the exchange rate between the euro (EUR) and the U.S. dollar (USD). This pair is heavily influenced by economic developments in both the Eurozone and the United States, making it a key indicator for global economic health. Today, traders are closely watching several low-impact Eurozone reports, including the German PPI m/m, ECB Economic Bulletin, Spanish 10-y Bond Auction, and Consumer Confidence. Additionally, significant attention is on high-impact U.S. data such as Unemployment Claims, Building Permits, and the Philly Fed Manufacturing Index. If the German PPI exceeds forecasts, it may provide slight bullish support for the euro. Conversely, strong U.S. data, particularly a lower-than-expected unemployment claims figure, could bolster the dollar, adding potential downward pressure on the EUR-USD pair.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
The H4 chart of EUR/USD indicates a bullish momentum with the last 10 candles showing six green and bullish candles. The price has been moving from the middle Bollinger Band towards the upper band, signifying potential upward movement. The Bollinger Bands have tightened compared to the previous week, indicating decreased volatility yet a bullish trend. The RSI is around 53, moving away from oversold territory, supporting a positive outlook. The EURUSD chart price action is currently around the 0.618 Fibonacci retracement level, which acts as a significant support and resistance zone. This alignment of indicators suggests a continuation of the bullish trend, provided there are no major disruptions from the upcoming economic data.
• 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
AUDUSD and Key Levels to Watch for a Breakout
The AUD/USD currency pair, often referred to by traders as the “Aussie,” is a major forex pair representing the exchange rate between the Australian dollar and the US dollar. This pair is heavily influenced by the economic policies and conditions in both Australia and the United States, making it a favorite among forex traders looking to capitalize on macroeconomic trends and news releases.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Based on the provided H4 chart and the recent news releases, there is an observable general bearish trend for the AUD/USD. However, recent price action suggests a potential shift towards a bullish trend, presenting a buying opportunity for traders. The support level at approximately 0.65903 has been tested multiple times, indicating a strong base, while the resistance level at 0.66165 is being approached again. This suggests that if the price breaks above this resistance, there could be a significant upward movement. In the context of AUDUSD analysis today, the recent Reserve Bank of Australia’s hawkish outlook and the Federal Reserve’s resource utilization data could further impact the pair’s movement, providing traders with opportunities to capitalize on these economic indicators. This detailed AUDUSD technical analysis today highlights the crucial levels and potential breakout points that traders should watch for, reinforcing the importance of staying updated with AUDUSD forecast live for 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
The AUD/USD currency pair, often referred to by traders as the “Aussie,” is a major forex pair representing the exchange rate between the Australian dollar and the US dollar. This pair is heavily influenced by the economic policies and conditions in both Australia and the United States, making it a favorite among forex traders looking to capitalize on macroeconomic trends and news releases.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Based on the provided H4 chart and the recent news releases, there is an observable general bearish trend for the AUD/USD. However, recent price action suggests a potential shift towards a bullish trend, presenting a buying opportunity for traders. The support level at approximately 0.65903 has been tested multiple times, indicating a strong base, while the resistance level at 0.66165 is being approached again. This suggests that if the price breaks above this resistance, there could be a significant upward movement. In the context of AUDUSD analysis today, the recent Reserve Bank of Australia’s hawkish outlook and the Federal Reserve’s resource utilization data could further impact the pair’s movement, providing traders with opportunities to capitalize on these economic indicators. This detailed AUDUSD technical analysis today highlights the crucial levels and potential breakout points that traders should watch for, reinforcing the importance of staying updated with AUDUSD forecast live for 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
Analyzing USDJPY with Bollinger Bands and RSI
The USDJPY forex pair, often referred to by its nickname “Gopher,” represents the exchange rate between the US dollar and the Japanese yen. As one of the most traded currency pairs in the forex market, it is influenced by the economic activities of the United States and Japan. Traders closely monitor this pair for its high liquidity and the impact of economic indicators from both countries. Fundamental analysis for today suggests that the USDJPY might experience some volatility due to key economic data releases. From Japan, the Core Machinery Orders m/m report is expected, with a forecast of -2.9%. This low-impact indicator reflects changes in the total value of new private-sector purchase orders placed with manufacturers for machines, excluding ships and utilities. A higher-than-expected value would be positive for the JPY. Meanwhile, the US will release the Empire State Manufacturing Index, with a forecast of -12.5, indicating worsening conditions if the actual figure is below 0.0. Given its high impact, a better-than-expected result could boost the USD, as it is a leading indicator of economic health based on surveyed manufacturers in New York state. These contrasting data releases could create a dynamic trading environment for USDJPY forex pair today.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h
Analyzing the H4 chart of USDJPY, we observe several technical indicators. The recent price action shows the last ten candles moving from the lower Bollinger Band toward the upper band, crossing the middle band. The last six candles have remained in the upper half of the Bollinger Bands, with the most recent three candles being green and one bearish. The current candle is bullish so far. Bollinger Bands have tightened slightly, indicating reduced volatility, but are not tight enough to signal an imminent breakout. The RSI is positioned above the 50 level, suggesting a bullish momentum of USDJPY. The visible Fibonacci levels indicate key support and resistance zones that traders should watch. Overall, the chart signals a cautiously bullish sentiment, with potential resistance around the 158.063 level and support near 155.617.
Capitalcore
The USDJPY forex pair, often referred to by its nickname “Gopher,” represents the exchange rate between the US dollar and the Japanese yen. As one of the most traded currency pairs in the forex market, it is influenced by the economic activities of the United States and Japan. Traders closely monitor this pair for its high liquidity and the impact of economic indicators from both countries. Fundamental analysis for today suggests that the USDJPY might experience some volatility due to key economic data releases. From Japan, the Core Machinery Orders m/m report is expected, with a forecast of -2.9%. This low-impact indicator reflects changes in the total value of new private-sector purchase orders placed with manufacturers for machines, excluding ships and utilities. A higher-than-expected value would be positive for the JPY. Meanwhile, the US will release the Empire State Manufacturing Index, with a forecast of -12.5, indicating worsening conditions if the actual figure is below 0.0. Given its high impact, a better-than-expected result could boost the USD, as it is a leading indicator of economic health based on surveyed manufacturers in New York state. These contrasting data releases could create a dynamic trading environment for USDJPY forex pair today.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h
Analyzing the H4 chart of USDJPY, we observe several technical indicators. The recent price action shows the last ten candles moving from the lower Bollinger Band toward the upper band, crossing the middle band. The last six candles have remained in the upper half of the Bollinger Bands, with the most recent three candles being green and one bearish. The current candle is bullish so far. Bollinger Bands have tightened slightly, indicating reduced volatility, but are not tight enough to signal an imminent breakout. The RSI is positioned above the 50 level, suggesting a bullish momentum of USDJPY. The visible Fibonacci levels indicate key support and resistance zones that traders should watch. Overall, the chart signals a cautiously bullish sentiment, with potential resistance around the 158.063 level and support near 155.617.
Capitalcore
GBPUSD Bearish Wave and Recovery Potential
The GBP/USD H4 price chart has experienced a significant bearish wave, with the price line descending well below the Ichimoku cloud, indicating a strong downtrend. However, recent GBPUSD candlestick patterns on this pair’s price chart suggest a potential recovery. Notably, the formation of a Morning Star pattern, a powerful bullish reversal signal, hints at a possible upward momentum. This pattern is often seen as a reliable indicator that the bears are losing control, and the bulls may take over, making it a crucial point for traders looking for a trend reversal, as predicted by price action analysis on this pair.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Additionally, the Relative Strength Index (RSI) on the H4 price chart of the pair is showing positive divergence, reinforcing the recovery potential for GBP/USD. This divergence occurs when the RSI indicator forms higher lows while the price forms lower lows, suggesting that the bearish momentum is weakening. For clients seeking GBP/USD technical analysis and price prediction, these technical signals provide valuable insights. As the pair may be gearing up for a bullish reversal, traders should monitor these indicators closely, as well as the price behavior on the pair, considering the possibility of a strategic entry point in anticipation of a rebound.
Captalcore
The GBP/USD H4 price chart has experienced a significant bearish wave, with the price line descending well below the Ichimoku cloud, indicating a strong downtrend. However, recent GBPUSD candlestick patterns on this pair’s price chart suggest a potential recovery. Notably, the formation of a Morning Star pattern, a powerful bullish reversal signal, hints at a possible upward momentum. This pattern is often seen as a reliable indicator that the bears are losing control, and the bulls may take over, making it a crucial point for traders looking for a trend reversal, as predicted by price action analysis on this pair.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Additionally, the Relative Strength Index (RSI) on the H4 price chart of the pair is showing positive divergence, reinforcing the recovery potential for GBP/USD. This divergence occurs when the RSI indicator forms higher lows while the price forms lower lows, suggesting that the bearish momentum is weakening. For clients seeking GBP/USD technical analysis and price prediction, these technical signals provide valuable insights. As the pair may be gearing up for a bullish reversal, traders should monitor these indicators closely, as well as the price behavior on the pair, considering the possibility of a strategic entry point in anticipation of a rebound.
Captalcore
EURGBP Technical Breakdown and Fundamental Impacts
The EUR GBP forex pair, commonly referred to as “Chunnel,” represents the exchange rate between the Euro and the British Pound. This pair is a crucial indicator of economic relations between the Eurozone and the United Kingdom, making it a popular choice among forex traders. In today’s context, the EURGBP forex pair is influenced by various upcoming economic events and fundamental factors.
Fundamentally, the EUR/GBP pair might experience subtle fluctuations due to the low-impact economic news from the Eurozone. The Italian Industrial Production m/m is forecasted to grow by 0.3%, and a higher-than-expected figure could slightly strengthen the Euro. Similarly, the Sentix Investor Confidence index, with a forecast of -1.5, if it exceeds expectations, could boost investor sentiment towards the Euro. Additionally, a speech by German Buba President Joachim Nagel could provide insights into future ECB monetary policy, potentially affecting the Euro’s strength. However, given the low impact expected from these events, significant volatility is not anticipated unless there are unexpected remarks or data.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Analyzing the EUR/GBP H4 chart price, the recent candlestick patterns reveal a strong bearish momentum. The last five candles have moved sharply from the middle Bollinger Band towards the lower band, with the last three candles touching the lower band, indicating increased selling pressure. The Bollinger Bands have widened significantly, reflecting heightened market volatility and further bearish sentiment in EUR-GBP price. Additionally, the MACD indicator shows the MACD line crossing below the signal line, reinforcing the bearish trend. This technical setup suggests that the EUR/GBP pair is likely to continue its downward movement in the near term, barring any major fundamental shifts.
Capitalcore
The EUR GBP forex pair, commonly referred to as “Chunnel,” represents the exchange rate between the Euro and the British Pound. This pair is a crucial indicator of economic relations between the Eurozone and the United Kingdom, making it a popular choice among forex traders. In today’s context, the EURGBP forex pair is influenced by various upcoming economic events and fundamental factors.
Fundamentally, the EUR/GBP pair might experience subtle fluctuations due to the low-impact economic news from the Eurozone. The Italian Industrial Production m/m is forecasted to grow by 0.3%, and a higher-than-expected figure could slightly strengthen the Euro. Similarly, the Sentix Investor Confidence index, with a forecast of -1.5, if it exceeds expectations, could boost investor sentiment towards the Euro. Additionally, a speech by German Buba President Joachim Nagel could provide insights into future ECB monetary policy, potentially affecting the Euro’s strength. However, given the low impact expected from these events, significant volatility is not anticipated unless there are unexpected remarks or data.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Analyzing the EUR/GBP H4 chart price, the recent candlestick patterns reveal a strong bearish momentum. The last five candles have moved sharply from the middle Bollinger Band towards the lower band, with the last three candles touching the lower band, indicating increased selling pressure. The Bollinger Bands have widened significantly, reflecting heightened market volatility and further bearish sentiment in EUR-GBP price. Additionally, the MACD indicator shows the MACD line crossing below the signal line, reinforcing the bearish trend. This technical setup suggests that the EUR/GBP pair is likely to continue its downward movement in the near term, barring any major fundamental shifts.
Capitalcore
CADJPY H4 Chart Key Insights and Technical Analysis
The CADJPY forex pair, representing the Canadian Dollar versus the Japanese Yen, is a critical currency pair in the forex market, frequently influenced by economic indicators from both Canada and Japan. The CADJPY forex pair is affected by various factors including commodity prices, economic policies, and trade relations between these two major economies. Traders often look at this pair to gauge risk sentiment and the overall health of the Canadian and Japanese economies.
Today, the CADJPY chart price may experience significant movements due to several high-impact economic announcements from Canada. The Employment Change report, forecasted at 24.8K, is crucial as it reflects the number of employed people, and a higher-than-expected number would be favorable for the CAD. Additionally, the Unemployment Rate, predicted to be 6.2%, is another vital indicator, where a lower-than-expected rate would indicate a healthier economy, boosting the CAD. The Capacity Utilization Rate, though of low impact, provides insight into the efficiency of resource usage in the Canadian economy, and a higher rate is considered positive. On the Japanese side, household spending and leading indicators are expected to have a low impact, with forecasts of 0.6% and 111.6%, respectively, providing a backdrop for potential minor influences on the JPY currency.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Analyzing the CADJPY H4 chart, we observe the pair trading within Bollinger Bands, recently moving from the lower band towards the middle band. The MACD indicator shows a recent bullish crossover, indicating a potential upward momentum. However, the last five candles, after touching the middle band, have turned red and bearish, suggesting some resistance near the middle band. The Bollinger Bands have slightly tightened, indicating a decrease in volatility, although they remain wider compared to the past two weeks. The overall trend appears cautiously optimistic, with the price oscillating around the middle band, hinting at a possible consolidation phase before a significant move.
Capitalcore
The CADJPY forex pair, representing the Canadian Dollar versus the Japanese Yen, is a critical currency pair in the forex market, frequently influenced by economic indicators from both Canada and Japan. The CADJPY forex pair is affected by various factors including commodity prices, economic policies, and trade relations between these two major economies. Traders often look at this pair to gauge risk sentiment and the overall health of the Canadian and Japanese economies.
Today, the CADJPY chart price may experience significant movements due to several high-impact economic announcements from Canada. The Employment Change report, forecasted at 24.8K, is crucial as it reflects the number of employed people, and a higher-than-expected number would be favorable for the CAD. Additionally, the Unemployment Rate, predicted to be 6.2%, is another vital indicator, where a lower-than-expected rate would indicate a healthier economy, boosting the CAD. The Capacity Utilization Rate, though of low impact, provides insight into the efficiency of resource usage in the Canadian economy, and a higher rate is considered positive. On the Japanese side, household spending and leading indicators are expected to have a low impact, with forecasts of 0.6% and 111.6%, respectively, providing a backdrop for potential minor influences on the JPY currency.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Analyzing the CADJPY H4 chart, we observe the pair trading within Bollinger Bands, recently moving from the lower band towards the middle band. The MACD indicator shows a recent bullish crossover, indicating a potential upward momentum. However, the last five candles, after touching the middle band, have turned red and bearish, suggesting some resistance near the middle band. The Bollinger Bands have slightly tightened, indicating a decrease in volatility, although they remain wider compared to the past two weeks. The overall trend appears cautiously optimistic, with the price oscillating around the middle band, hinting at a possible consolidation phase before a significant move.
Capitalcore
EUR/USD H4 Price Action and Indicators
The EUR/USD forex pair, representing the Euro and the US Dollar, is one of the most traded currency pairs globally. Currencies are influenced by a myriad of economic factors and news events, making their analysis crucial for traders. The EUR USD pair's chart performance today will be particularly impacted by several key economic indicators and events.
Fundamental analysis for the EURUSD today focuses on a range of economic indicators and events. The upcoming release of the German Factory Orders, with a forecast of 0.6%, could positively influence the Euro if the actual figures surpass expectations, signaling increased manufacturing activity. Similarly, the Italian Retail Sales forecast of 0.3% and the broader Eurozone Retail Sales expected at -0.2% will be watched closely as they gauge consumer spending. The European Parliamentary Elections and the ECB's monetary policy updates, including the Main Refinancing Rate and the ECB Press Conference, are high-impact events likely to cause significant volatility. Additionally, US data such as the Unemployment Claims forecasted at 220K will be crucial for the USD's performance, potentially affecting the EUR/USD pair's movement throughout the day.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Analyzing the EUR-USD H4 chart, the price has been trending within an ascending channel, indicating a short-term bullish trend. The last 10 candles of EURUSD’s H4 chart exhibit a mixture of bullish and bearish sentiments, with five green candles and the recent bullish candles suggesting a potential upward continuation. The Bollinger Bands have slightly contracted, yet they remain relatively wide, reflecting ongoing volatility. The price oscillates around the middle band, indicating consolidation within the broader uptrend. The MACD indicator, however, shows a bearish signal with the MACD line crossing below the signal line and a red histogram, implying potential downward pressure. Despite the MACD's bearish outlook, the price's proximity to the middle band and the overall ascending channel suggests the bullish momentum could still persist, albeit with caution.
Capitalcore
The EUR/USD forex pair, representing the Euro and the US Dollar, is one of the most traded currency pairs globally. Currencies are influenced by a myriad of economic factors and news events, making their analysis crucial for traders. The EUR USD pair's chart performance today will be particularly impacted by several key economic indicators and events.
Fundamental analysis for the EURUSD today focuses on a range of economic indicators and events. The upcoming release of the German Factory Orders, with a forecast of 0.6%, could positively influence the Euro if the actual figures surpass expectations, signaling increased manufacturing activity. Similarly, the Italian Retail Sales forecast of 0.3% and the broader Eurozone Retail Sales expected at -0.2% will be watched closely as they gauge consumer spending. The European Parliamentary Elections and the ECB's monetary policy updates, including the Main Refinancing Rate and the ECB Press Conference, are high-impact events likely to cause significant volatility. Additionally, US data such as the Unemployment Claims forecasted at 220K will be crucial for the USD's performance, potentially affecting the EUR/USD pair's movement throughout the day.
Image
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Analyzing the EUR-USD H4 chart, the price has been trending within an ascending channel, indicating a short-term bullish trend. The last 10 candles of EURUSD’s H4 chart exhibit a mixture of bullish and bearish sentiments, with five green candles and the recent bullish candles suggesting a potential upward continuation. The Bollinger Bands have slightly contracted, yet they remain relatively wide, reflecting ongoing volatility. The price oscillates around the middle band, indicating consolidation within the broader uptrend. The MACD indicator, however, shows a bearish signal with the MACD line crossing below the signal line and a red histogram, implying potential downward pressure. Despite the MACD's bearish outlook, the price's proximity to the middle band and the overall ascending channel suggests the bullish momentum could still persist, albeit with caution.
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