Daily Market Forecast By Capitalcore

[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.

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

 

[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.

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

 

[jomina]

Thanks for sharing

 

[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.

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

 

[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.

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

 

[jomina]

Thank you !

 

[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.

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

 

[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.

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

 

[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.

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

 

[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.

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