Capitalcore Posted October 9 Author Share Posted October 9 AUDUSD H4 Chart Hints at Potential Reversal The AUD/USD forex pair, commonly referred to as the "Aussie," is a popular forex pair that reflects the exchange rate between the Australian Dollar (AUD) and the US Dollar (USD). The Aussie is heavily influenced by commodity prices, particularly metals and energy, as Australia is a major exporter of these resources. Additionally, the AUD USD pair is sensitive to economic data and central bank policy statements from both the Reserve Bank of Australia (RBA) and the Federal Reserve (Fed). Fundamentally, the upcoming news impacting AUDUSD includes hawkish expectations from Federal Reserve officials and key inflation data from the US. Traders will closely monitor speeches by Federal Reserve representatives, as their comments may hint at future interest rate decisions. Any signs of more aggressive monetary tightening from the Fed could boost the USD, putting further downward pressure on the AUDUSD candles. Additionally, Australian consumer inflation expectations, released by the Melbourne Institute, could provide insights into potential inflationary pressures, influencing the RBA's rate decisions. Image Chart Notes: • Chart time-zone is UTC (+03:00) • Candles’ time-frame is 4h. The AUD/USD forex pair has been in a clear bearish trend, as shown in the Aussie’s H4 chart. Over the last 16 candles, 6 of them are green, indicating selling pressure. The price has moved from the 0.618 Fibonacci retracement level and is approaching the 0.786 level, suggesting further downside potential. The Ichimoku cloud confirms the bearish sentiment, with the AUD USD price trading below the cloud, indicating sustained downward momentum. However, the MACD and histogram show a weakening in bearish momentum, and the last candle is currently positive, signaling a potential pause in the downtrend or a possible bullish reversal. Traders should watch if the Aussie’s price can break above the downward channel for further confirmation of a shift in momentum. 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 Quote Link to comment Share on other sites More sharing options...
Capitalcore Posted October 10 Author Share Posted October 10 Trading GBPUSD H4 bearish trend with key indicators The GBP/USD forex pair, also known as "Cable," is one of the most traded currency pairs in the forex market, representing the British Pound against the US Dollar. Its movements are heavily influenced by economic data releases from both the UK and the US. Today, key UK economic events such as the Gross Domestic Product (GDP) release, construction output, and the trade balance are set to impact the British Pound. Similarly, the US PPI data and speeches from Federal Reserve members will likely drive market sentiment for the US Dollar. A stronger-than-expected UK GDP could offer short-term support for the Pound, while hawkish comments from the Federal Reserve could strengthen the Dollar and maintain downward pressure on GBPUSD chart. Image Chart Notes: • Chart time-zone is UTC (+03:00) • Candles’ time-frame is 4h. On the GBP USD H4 chart, the price remains in a clear bearish trend, trading below the 50% Fibonacci retracement level, which suggests continued downside pressure. The Bollinger Bands have tightened, indicating lower volatility but hinting at a potential breakout. Price is primarily moving within the lower and middle bands, showing that it is struggling to regain upward momentum. Despite green bullish histogram candles from the MACD, the overall price movement is downward. The MACD line remains below the signal line, reinforcing the bearish outlook. With Cable’s price action nearing the 0.5 Fibonacci level, a further drop towards the 0.618 Fibonacci level could be expected unless bullish momentum builds up significantly. 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 Quote Link to comment Share on other sites More sharing options...
Capitalcore Posted October 13 Author Share Posted October 13 Key Technical Indicators for NZDUSD H4 Chart The NZD/USD currency pair, also known as the "Kiwi," reflects the exchange rate between the New Zealand Dollar (NZD) and the US Dollar (USD). It is highly influenced by economic factors in both New Zealand and the US, including interest rates, central bank policies, and global commodity markets. Today, RBNZ Governor Adrian Orr's speech on improving Maori access to capital in Taupo will be closely monitored for any clues about future interest rate moves, which could impact NZD strength. On the USD side, Columbus Day in the US could result in lower market liquidity, while speeches from Federal Reserve officials like Neel Kashkari and Christopher Waller could introduce some volatility if hawkish comments on inflation or future rate hikes are made. Overall, volatility may remain higher than usual for NZD USD fx traders given these events. Image Chart Notes: • Chart time-zone is UTC (+03:00) • Candles’ time-frame is 4h. In the NZDUSD H4 chart, price action is currently showing signs of recovery after a bearish streak, with 6 of the last 15 candles being red. The Bollinger Bands indicate a bullish movement as the price has moved from the lower half toward the middle band, currently hovering around the middle band and attempting to break higher. The NZDUSD price is trading between the 0 and 0.236 Fibonacci retracement levels, suggesting a potential retracement to higher levels if the bullish momentum continues. The MACD shows a bullish crossover, with the MACD line rising above the signal line, supported by increasing bullish histogram bars, reinforcing the short-term bullish outlook. However, the Kiwi’s price faces resistance at the 0.61337 level, as seen in today’s h4 chart, and breaking above this could lead to 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 Quote Link to comment Share on other sites More sharing options...
Capitalcore Posted October 16 Author Share Posted October 16 GBPCAD Forecast: Impact of UK Inflation Data The GBP/CAD currency pair, often referred to as "The Beast" due to its volatility, involves the British Pound (GBP) and the Canadian Dollar (CAD). This pair’s news analysis is influenced by both the UK's macroeconomic factors and the price of oil, which impacts the Canadian economy heavily. With today's upcoming news on the UK’s Consumer Price Index (CPI) and Producer Price Index (PPI), both of which are key inflation indicators, traders are likely to monitor how these reports could affect the Bank of England's stance on monetary policy. If the actual figures come in higher than expected, the GBP could see a boost due to potential interest rate hikes aimed at controlling inflation. On the CAD side, data from Canada’s housing sector and manufacturing sales will also be significant, as strong numbers here could bolster the Canadian dollar. Image Chart Notes: • Chart time-zone is UTC (+03:00) • Candles’ time-frame is 4h. As for the pair’s technical analysis, examining the GBP/CAD H4 chart and the MACD indicator highlights its recent price movements. The last five candles have moved from the lower part of an upward channel towards the middle, showing three consecutive green candles followed by two red ones. This shift suggests a weakening of the GBPCAD bullish trend. The MACD indicator is also showing signs of bearish momentum, as the lines converge, and the histogram reflects decreasing upward momentum. The overall pattern suggests that while the price has pulled back slightly, it remains within the channel and could either continue downwards or find support for a bullish rebound depending on upcoming economic data. • 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 Quote Link to comment Share on other sites More sharing options...
Capitalcore Posted Wednesday at 10:05 PM Author Share Posted Wednesday at 10:05 PM EURUSD H4 Price Action Analysis and Forecast for Today The EUR/USD currency pair, often referred to as the "Fiber," is one of the most actively traded pairs in the forex market, representing the Eurozone's economic strength versus the U.S. dollar. Today, several economic events, including the Consumer Price Index (CPI) reports and bond yields, will impact EUR/USD. If inflation in the Eurozone comes in higher than forecasted, it could support the euro due to expectations of tighter monetary policy from the European Central Bank (ECB). On the other hand, U.S. retail sales and jobless claims reports, along with Philadelphia Fed business data, will influence the U.S. dollar, with better-than-expected figures possibly boosting the dollar. These news releases are key drivers for today's market sentiment and will significantly influence EUR/USD movements. Image Chart Notes: • Chart time-zone is UTC (+03:00) • Candles’ time-frame is 4h. From a technical standpoint, the EUR/USD H4 chart shows a clear bearish trend. The Ichimoku cloud indicates strong downward momentum, as the price is below the cloud, and the trendline drawn from previous highs suggests continued selling pressure. The Fibonacci Retracement Levels demonstrate that the price has recently touched the 0.786 level and is moving toward the 1.0 level, signaling a potential further decline if the support level breaks. The Awesome Oscillator (AO) reflects ongoing bearish momentum with no sign of reversal, with only three bullish candles appearing out of the last ten. As the price remains below key support levels and the cloud, sellers maintain control, and a break below the 0.786 Fibonacci level could open the path for further downside. 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 Quote Link to comment Share on other sites More sharing options...
Capitalcore Posted Thursday at 10:27 PM Author Share Posted Thursday at 10:27 PM USDJPY Price Action Targets Further Gains on H4 Chart The USD/JPY forex pair, often referred to as the "Gopher," is one of the most traded currency pairs in the forex market. It reflects the exchange rate between the US dollar (USD) and the Japanese yen (JPY), influenced by economic data from both economies and central bank policies. Today, the focus is on the release of the US Treasury International Capital (TIC) report, building permits data, housing starts, and a speech by Federal Reserve Governor Christopher Waller. A higher-than-expected TIC reading or hawkish tones from Waller may strengthen the USD, pushing USD JPY price higher. On the Japanese side, attention remains on the Core CPI, as inflation figures could impact Bank of Japan's future policy stance. If the US data shows strength, USD/JPY could gain momentum, continuing its upward trajectory. Image Chart Notes: • Chart time-zone is UTC (+03:00) • Candles’ time-frame is 4h. Analyzing the USDJPY H4 chart, we observe a bullish trend with the price trading near the 0.236 Fibonacci retracement level at 150.216. The ascending trend line has a 33-degree angle, indicating strong upward momentum. The Bollinger Bands show the price maintaining an upward direction, with the recent candles pushing against the upper band, signaling bullish pressure. The MACD also supports the bullish trend, as both the MACD line and histogram are above the signal line, though further observation is needed for any potential divergence. The price action suggests that the USDJPY might aim for higher levels, but traders should watch for potential resistance and overbought conditions near the upper band. 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 Quote Link to comment Share on other sites More sharing options...
Capitalcore Posted Sunday at 10:42 PM Author Share Posted Sunday at 10:42 PM AUD/USD H4 Chart Price Action Insights The AUD/USD pair, often referred to as the "Aussie," represents the exchange rate of the Australian Dollar against the US Dollar. This forex pair is heavily influenced by economic indicators and central bank policies from both Australia and the United States. Today, traders are closely watching events such as the RBA Deputy Governor Andrew Hauser's fireside chat and the IMF meeting discussing global economic issues, which may provide insights into future monetary policies. Hauser's comments could signal potential shifts in interest rate expectations, which would be bullish for the AUD if his tone is hawkish. Meanwhile, the USD is under focus due to speeches from key Federal Reserve officials, whose statements could hint at future rate hikes, adding volatility to the AUD USD pair. The mixed economic outlook globally, coupled with these significant events, suggests that AUD/USD chart may experience heightened market movements, depending on the stance and guidance provided by these economic authorities. Image Chart Notes: • Chart time-zone is UTC (+03:00) • Candles’ time-frame is 4h. In the AUD/USD H4 chart, the Aussie pair has been in a bearish trend, as indicated by the downward trajectory shown by the Fibonacci retracement levels. After touching a low near the 0.66395 level, the AUDUSD price has rebounded, moving from the lower Bollinger Band towards the upper band, suggesting a potential trend reversal. The recent price action shows that out of the last ten candles, seven have been bullish, while the last candle remains green, indicating a continuation of the upward movement. However, the two preceding candles were bearish, showing some resistance around the 0.67208 level, aligning with the Fibonacci 23.6% level. The Williams %R indicator currently reads -24.71, which is near the overbought territory, hinting at potential short-term selling pressure if the price struggles to break above the immediate resistance. For a sustained bullish move, the price needs to breach the downtrend line and the 0.67555 (Fibonacci 38.2%) level. Otherwise, a failure to do so may result in the price consolidating or retesting lower levels. DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes. Capitalcore Quote Link to comment Share on other sites More sharing options...
Capitalcore Posted 5 hours ago Author Share Posted 5 hours ago EUR/CAD Chart Patterns and Analysis The EUR/CAD pair represents the exchange rate between the Euro and the Canadian Dollar, and its performance is influenced by various economic indicators and central bank policies from both the Eurozone and Canada. Currently, traders are focusing on recent economic data releases and upcoming speeches that could impact market sentiment. Recent economic indicators show a mixed outlook for the Canadian economy. The IPPI (Industrial Product Price Index) reported a monthly change of -0.4%, which is better than the anticipated -0.8%. However, the RMPI (Raw Materials Price Index) experienced a more significant drop of -1.7%, against the expected -3.1%. These figures suggest that while there might be some stability in product prices, raw material costs are under pressure, potentially signaling concerns about inflationary pressures in Canada. On the Eurozone side, attention is drawn to the speech by ECB President Christine Lagarde, scheduled for 8:15 PM. Her statements could provide insights into the ECB's stance on interest rates and monetary policy, which is crucial for the Euro's strength against the CAD. Image Chart Notes: • Chart time-zone is UTC (+03:00) • Candles’ time-frame is 4h. In the EUR/CAD H4 chart, the pair is currently navigating within a defined range, with strong support levels at 1.49270, 1.49000, and 1.48750, while resistance levels are positioned at 1.50000, 1.50380, and 1.50525. The Relative Strength Index (RSI) is currently at 44.36, indicating a neutral to slightly bearish momentum, while the Stochastic Oscillator shows values of 46.10 and 38, suggesting potential oversold conditions. Recently, the pair has faced resistance near the 1.50000 level, where price action has shown a series of bearish candles. If the price fails to break above the resistance, it may consolidate or retest lower support levels. A bullish move, however, requires a decisive break above 1.50000, potentially leading to a challenge of the upper resistance levels. The overall mixed economic data, coupled with Lagarde's upcoming speech, may lead to increased volatility in the EUR/CAD pair, as traders react to the guidance and potential shifts in monetary policy direction. A hawkish tone from Lagarde could strengthen the Euro against the CAD, while dovish comments could weaken it, leading to a test of the identified support levels. DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes. Capitalcore Quote Link to comment Share on other sites More sharing options...
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