Daily Market Forecast By Capitalcore

SILVERUSD Price Action and Resistance Levels Analysis

The SILVER/USD pair, also known as XAG/USD, represents the value of silver in terms of US dollars. Silver, often referred to as "the poor man's gold," is a widely traded precious metal that serves as both a safe-haven asset and an industrial commodity. Trading this pair provides valuable insights into the global economic outlook, as its price is influenced by factors such as inflation, interest rates, and industrial demand. Today’s key USD-related news, including Residential Building Permits and Housing Starts data, could indirectly impact SILVERUSD. Strong results could strengthen the USD, creating downward pressure on silver prices. Additionally, the upcoming Federal Reserve reports on Capacity Utilization and Factory Output may provide further market signals. A stronger-than-expected USD performance could dampen silver’s appeal as a hedge against currency depreciation. However, persistent market uncertainty and potential economic slowdowns maintain silver's safe-haven status, suggesting a balanced outlook for the pair in the short term.

Chart Notes:
• Chart time-zone is UTC (+02:00)
• Candles’ time-frame is 4h.
On the H4 chart, SILVER/USD has been in a bullish trend but is now showing signs of a potential reversal. The last two bearish candles suggest reduced buying momentum, while the MACD indicator shows weakening bullish momentum with the histogram approaching neutral levels. Despite this, the price remains above the Ichimoku Cloud, indicating that the uptrend may still hold as support levels remain intact. The thickening cloud provides a strong support zone below the current price. Traders should closely watch for confirmation of a bearish reversal or a continuation of the uptrend, depending on whether the MACD crosses into bearish territory and price action breaks below the cloud.

• 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 Price Action Insights

The EUR USD currency pair, also known as "Fiber," represents the exchange rate between the Euro and the US Dollar and is the most traded currency pair in the forex market. As a barometer of the Eurozone and US economies, it often reacts to macroeconomic data and geopolitical events. Today, the Eurozone's Producer Price Index (PPI) and insights from the World Economic Forum (WEF) and Eurogroup discussions could provide key economic clues. The PPI’s influence on inflation and remarks from influential figures at Davos may steer the Euro's direction. On the other side, US markets observe Martin Luther King Jr. Day, signaling low liquidity and irregular volatility for the Dollar.

Chart Notes:
• Chart time-zone is UTC (+02:00)
• Candles’ time-frame is 4h.
The uploaded EUR/USD H4 chart highlights a prevailing bearish trend, with four bearish candles in the last six sessions. Despite the bearish momentum, recent bullish candles suggest a potential attempt to reverse. The EUR-USD price is currently in the middle of the Ichimoku cloud, attempting to break above it. The flat upper cloud line reflects indecisiveness, often an indication of consolidation. The MACD indicator shows bullish momentum, with the histogram turning positive and MACD lines crossing upward. However, the broader trend remains bearish, and a decisive break above the cloud will be needed for 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

GBPCAD Forex Pair Overview

The GBPCAD currency pair represents the exchange rate between the British Pound (GBP) and the Canadian Dollar (CAD), often referred to as "Loonie" for the CAD. It is an essential currency pair in the forex market, reflecting the economic conditions of both the United Kingdom and Canada. The pair is sensitive to geopolitical events, oil price fluctuations (since Canada is a major oil exporter), and economic data releases from both nations.
Today's economic data will likely impact the GBPCAD pair, as both the UK and Canadian economies release key indicators. The GBP is set to release the Claimant Count Change, Average Earnings Index, and Unemployment Rate, which are expected to show a slight uptick in earnings and stable employment. These figures should support the strength of the Pound in the short term. On the other hand, the CAD will publish its Consumer Price Index (CPI) data, with the m/m change expected to show deflationary pressures (-0.7% vs 0.0% forecast). A weaker CPI might indicate cooling inflation in Canada, potentially weakening the Loonie. As such, GBPCAD could see volatility depending on these releases, with traders paying close attention to inflation data from Canada and employment figures from the UK.

Chart Notes:
• Chart time-zone is UTC (+02:00)
• Candles’ time-frame is 4h.
Looking at the GBPCAD H4 chart, the price has recently started a bullish move and is currently touching the Ichimoku Cloud. However, there are signs that the bullish momentum may be fading. The Ichimoku Cloud is currently red, indicating that the market is in a bearish phase, and this could reverse the recent upward movement. The MACD is showing negative divergence, as the price is rising while the indicator is trending lower, a typical sign of weakening bullish momentum. This divergence suggests that the market could be nearing a peak and might reverse into a bearish phase. Traders should be cautious, as the price's interaction with the cloud could signal the start of a potential 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

GOLD Price Action and Technical Insights for H4

GOLD USD, also known as "XAU/USD," is a popular currency pair that reflects the exchange rate between Gold and the US Dollar. Known for its role as a safe-haven asset, Gold is sensitive to both economic data and geopolitical events. Today’s USD news, including weekly jobless claims and crude oil inventory data, will be pivotal. Lower-than-expected unemployment claims could strengthen the USD, potentially pressuring Gold. Meanwhile, discussions at the World Economic Forum could drive significant volatility. With market sentiment hinging on these developments, traders are closely monitoring GOLD/USD price movements for potential opportunities.

Chart Notes:
• Chart time-zone is UTC (+02:00)
• Candles’ time-frame is 4h.
The GOLDUSD price on the H4 chart remains in a bullish trend, trading within a clearly defined ascending channel. The price is currently above the Ichimoku Cloud, a strong indication of sustained bullish momentum. Additionally, the Gold price has successfully broken above the 0.236 Fibonacci retracement level, signaling the potential for further upside toward the 0.382 Fibonacci level at $2,771.96. The MACD indicator supports this bullish outlook, with the MACD line above the signal line and a positive histogram showing strengthening momentum. The channel's structure, with consistent higher highs and higher lows, emphasizes the strength of the current trend. Traders should watch for further price consolidation above the cloud and Fibonacci levels to confirm continued bullish 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