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Loonie Shows Bullish Potential on H4 USD/CAD, commonly referred to as the "Loonie" due to the image of a loon on the Canadian one-dollar coin, is showing potential bullish momentum on the H4 chart. Currently, the pair is trading below a descending bearish trend line, which has acted as a strong resistance barrier. The RSI is indicating bullish potential, suggesting that the downward pressure might be easing. Similarly, the MACD is showing signs of bullish divergence, further supporting the possibility of an upward breakout. If the price manages to break above the bearish trend line, traders could expect a shift towards a bullish phase, potentially targeting higher resistance levels. Image Chart Notes: • Chart time-zone is UTC (+03:00) • Candles’ time-frame is 4h. Fundamentally, today’s economic releases will likely have a significant impact on USD/CAD price action. The Canadian GDP m/m came in slightly below expectations at 0.1%, compared to the forecasted 0.2%, indicating slower economic growth. On the US side, key indicators like the Core PCE Price Index, Personal Income, and Personal Spending were in line with expectations, while the Chicago PMI came in slightly lower than forecasted, reflecting mixed economic signals. The Revised UoM Consumer Sentiment is slightly better than expected, suggesting steady consumer confidence in the US. These mixed economic indicators could lead to a volatile trading environment for USD/CAD, with traders keeping a close watch on the technical breakout signals to navigate their trading strategies effectively. • 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
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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. 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
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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. Image 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
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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. 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
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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. 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
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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. 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
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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. 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
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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. 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
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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. 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
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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. 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
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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. 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
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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. 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
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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
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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
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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. 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
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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. 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
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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. 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 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
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GBPUSD Price Prediction for July 31st The GBP/USD, often referred to as "Cable," is currently experiencing interesting dynamics in its price action. The H4 chart reveals that the pair has recently broken below the Ichimoku Cloud, suggesting a bearish sentiment. However, this does not necessarily spell doom for the bulls. The continuation of the bullish wave remains a possibility as long as the price does not fall below the 0.618 Fibonacci retracement level of the previous bullish wave. This level serves as a critical support, providing a potential floor from which the pair could bounce back. Image Chart Notes: • Chart time-zone is UTC (+03:00) • Candles’ time-frame is 4h. Despite the recent bearish signals, there are signs that the market might be gearing up for another upward move. The GBP/USD has found support around the 1.2840 level, which coincides with the key Fibonacci retracement. Meanwhile, resistance is noted near 1.2889. If the pair manages to hold above the 0.618 Fibonacci level, it could attract buyers and potentially resume its upward trajectory. Traders should closely monitor these levels for possible bullish reversals or confirmations of further bearish momentum. As always, staying informed about upcoming economic data and geopolitical developments is crucial for making well-informed trading decisions. • DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore Ltd”. This post has been published only for educational purposes. Capitalcore
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Fundamental and Technical Outlook for EUR/GBP The EUR/GBP currency pair, often referred to as the “Chunnel” due to the Chunnel (Channel Tunnel) connecting Britain and mainland Europe, represents the exchange rate between the Euro and the British Pound. This pair is influenced by economic data releases, geopolitical events, and central bank policies from both the Eurozone and the United Kingdom. Image Chart Notes: • Chart time-zone is UTC (+03:00) • Candles’ time-frame is 4h. The EUR/GBP fundamental analysis today is navigating through various economic indicators from both the Eurozone and the UK, with significant upcoming data from INSEE on consumer spending and GDP, as well as Destatis CPI figures, which are expected to influence the Euro. On the UK side, the British Retail Consortium’s price index and Debt Management Office’s bond yields are in focus. Now to the pair’s technical analysis, the EUR/GBP H4 chart shows the price trading within a rising channel, indicating a potential bullish trend. The Chunnel’s price action suggests a pullback from the upper boundary of the channel, with the price testing the lower Bollinger Band, suggesting potential support around the current level. The Parabolic SAR dots are above the price, indicating a bearish phase. Immediate support is at 0.84151, with critical support at 0.83955, and resistance levels at 0.84423 and 0.84588. Positive economic data releases could strengthen the Euro, while strong UK retail data could support the Pound, with bond yields providing insights into investor confidence and interest rate expectations. • DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes. Capitalcore
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EURUSD H4 Chart Insights and Predictions The EURUSD forex pair, often nicknamed “Fiber,” is a popular currency pair in trading, representing the euro against the U.S. dollar. This pair is heavily influenced by economic indicators from both the Eurozone and the United States, making it a prime choice for traders seeking to capitalize on macroeconomic trends. Today’s focus is on the upcoming Eurozone Consumer Confidence report and the U.S. Pending Home Sales data, both of which are expected to create significant market movements. Image Chart Notes: • Chart time-zone is UTC (+03:00) • Candles’ time-frame is 4h. The H4 chart for EURUSD shows several key technical indicators: Bollinger Bands, Volume, MACD, and Fibonacci Retracement levels. The Bollinger Bands have tightened, indicating reduced volatility, while the price has moved from the lower half toward the upper half of the bands and is currently fluctuating within the upper half. This suggests a generally positive trend with a mixture of bullish and bearish candles. The MACD indicator shows a potential bullish crossover, reinforcing the likelihood of a continued upward movement. Fibonacci retracement levels highlight key support and resistance areas, with the price recently testing and moving above the 50% retracement level, suggesting a potential further upward trend. • DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes. Capitalcore
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Current Market Sentiment and Technicals on AUD/USD H4 Chart The AUD/USD forex pair, often referred to by its nickname “Aussie,” is a popular currency pair in the forex market, representing the exchange rate between the Australian Dollar (AUD) and the United States Dollar (USD). This pair is influenced by various economic factors, including interest rates, commodity prices, and economic data from both Australia and the United States. Today, the focus will be on several key economic indicators from the U.S. which may impact the AUD/USD pair. The U.S. Core PCE Price Index m/m is forecasted at 0.2%, indicating a potential influence on inflation expectations and monetary policy decisions by the Federal Reserve. A lower-than-forecast result could weaken the USD, providing some support to the AUD. Additionally, Personal Income and Personal Spending data, forecasted at 0.4% and 0.3% respectively, will give insights into consumer health and economic activity. The Revised University of Michigan Consumer Sentiment and Inflation Expectations are also crucial, as they reflect consumer confidence and inflation outlook. Any deviation from forecasts in these data points could lead to significant movements in the AUD/USD pair. Moreover, the ongoing G20 meetings may introduce additional volatility, as global economic policies and issues are discussed, potentially impacting currency markets. Image Chart Notes: • Chart time-zone is UTC (+03:00) • Candles’ time-frame is 4h. The H4 chart of AUD/USD shows a strong bearish trend, characterized by a series of red candles over the past few days, with only a few bullish interruptions. The price has consistently moved within the lower half of the Bollinger Bands, often touching or staying close to the lower band, indicating strong downward momentum. Despite the bands widening, indicating increased volatility, the price has failed to reach the middle band, reinforcing the bearish outlook in the AUDUSD price. The MACD and histogram also support this bearish trend, showing a downward trajectory. The Fibonacci retracement levels have not significantly stopped the downtrend, serving only as minor resistance points. After touching the 1.0 Fibonacci level, the price experienced a brief bullish correction, but the most recent candle has turned bearish again, suggesting that the downtrend may continue. • DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes. Capitalcore
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USDJPY Price Action Nears Critical Support Zone The USDJPY forex pair, often referred to by its nickname “the ninja,” is one of the most actively traded currency pairs in the foreign exchange market. Known for its high liquidity and tight spreads, it represents the exchange rate between the US dollar (USD) and the Japanese yen (JPY). As a major currency pair, it is influenced by economic policies and geopolitical developments in both the United States and Japan. Fundamentally, the upcoming news for today includes several events that could impact the USDJPY pair. FOMC members Bowman and Logan are expected to deliver low-impact speeches, which might provide subtle hints about future monetary policy. Additionally, President Biden’s announcement on his decision to drop out of the 2024 presidential race is expected to have a low impact. However, high-impact events such as the release of the Advance GDP q/q with a forecast of 2.0%, and Unemployment Claims forecasted at 237K, will be critical. These indicators reflect the overall economic health and labor market conditions in the US. An actual GDP figure above the forecast would be bullish for the USD, while lower-than-expected unemployment claims would also support the dollar. The Advance GDP Price Index and Core Durable Goods Orders m/m are medium-impact events that could further influence the market sentiment. Image Chart Notes: • Chart time-zone is UTC (+03:00) • Candles’ time-frame is 4h. Analyzing the USDJPY H4 chart, we observe that the price has been moving in the lower half of the Bollinger Bands, indicating a bearish trend. The bands have widened, reflecting increased volatility. However, the latest candle is green, suggesting a potential bullish reversal. The Fibonacci retracement levels show significant resistance and support areas, with the price recently bouncing off the 0.786 level. The MACD indicator shows that the MACD line has crossed below the signal line, confirming bearish momentum. However, the histogram shows a reduction in bearish momentum, aligning with the recent green candle, which could indicate a possible trend reversal. • DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes. Capitalcore
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EUR/GBP Analysis for: Key Levels and News Impact 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
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EUR/USD Price Prediction for July 23rd The EUR/USD forex pair, often referred to as the “Fiber,” is a major currency pair that represents the exchange rate between the Euro and the US Dollar. This pair is highly popular among traders due to its liquidity and volatility, making it a key focus in the forex market. In the current EUR/USD H4 candlestick chart, we observe an interesting setup that suggests a potential bullish move is on the horizon. Image Chart Notes: • Chart time-zone is UTC (+03:00) • Candles’ time-frame is 4h. The MACD indicator on EURUSD chart is showing signs of entering an ascending phase, indicating increasing bullish momentum. Additionally, the RSI, which has recently started a smooth upward trajectory from below 50, further supports the bullish sentiment on the Fiber. Analyzing the price actions of this forex pair, it’s evident that EURUSD has been forming higher highs without recording a lower low, strengthening the bullish outlook. For traders and investors looking for EUR/USD H4 price action and chart forecast, today’s analysis highlights an opportunity for a bullish continuation in the short term. In summary, the combination of technical indicators and price action patterns on the EUR/USD H4 chart suggests a favorable scenario for a bullish move. As the MACD and RSI both indicate strengthening bullish momentum, and the price action shows consistent higher highs, the EUR/USD pair looks poised for further gains. • DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes. Capitalcore
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NZDUSD: Impact of US Political News on Kiwi The NZD/USD forex pair, often referred to as the “Kiwi,” is a popular trading pair known for its volatility and liquidity. The upcoming New Zealand trade balance report, with a forecast of 294 million, is expected to have a low impact on the NZD. A higher-than-expected figure would be favorable, indicating stronger export demand. Concurrently, President Joe Biden’s withdrawal from the 2024 presidential race and his endorsement of Kamala Harris are significant developments. This unexpected political shift may introduce high volatility for the USD Currency, potentially impacting the NZDUSD pair. Image Chart Notes: • Chart time-zone is UTC (+03:00) • Candles’ time-frame is 4h. In the provided NZD/USD H4 chart, the Bollinger Bands indicate increased volatility as they have widened significantly. The last 10 candles predominantly show a bearish trend with nine red candles, reflecting strong selling pressure. However, the MACD indicator is suggesting a potential bullish reversal, as the histogram is showing signs of convergence, and the signal line appears to be crossing upward. The price has been moving from the middle band towards the lower band, touching it several times, which often signifies oversold conditions. Currently, the price is slightly above the lower band, suggesting a possible reversal. The Fibonacci retracement levels show that the price is oscillating between the 0.78 and 1.00 levels, indicating key support and resistance zones. • DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes. Capitalcore