Daily Market Forecast By Capitalcore

EURGBP H4 Technical Analysis: Bearish Trend in Focus

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

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

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

Capitalcore

EURUSD Daily Chart Technical Overview and Indicators

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

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

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

Capitalcore

BTC/USD Price Forecast: Bullish Momentum within Channel

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

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

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

Capitalcore

USDCHF Bullish Outlook with Strong Economic Data

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

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

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

Capitalcore

GBPUSD H4 Chart Bullish Momentum Outlook

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

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

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

Capitalcore

EUR/USD H4 Chart Bullish Momentum Analysis

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

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

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

Capitalcore

BTC Price Forecast: Key Support Levels

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

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

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

Capitalcore

GBP/USD Forecast: Downside Risk as Channel Breaks

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

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

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

Capitalcore

EUR/USD Forex Pair Outlook: H4 Chart Insights

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

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

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

Capitalcore

USD/CAD Bullish Momentum on H4 Chart

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

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

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

Capitalcore