Daily Market Forecast By Capitalcore

EURUSD H4 Price Action and Technical Outlook

The EURUSD, commonly known as "Fiber," is the most actively traded currency pair in the forex market, representing the exchange rate between the Euro and the US Dollar. It serves as a barometer for global economic strength, monetary policies, and market sentiment due to its high liquidity and correlation with major economic indicators.
Today, the EUR/USD is navigating a mix of fundamental drivers, including the German CPI release, which reflects inflationary pressures in the Eurozone, and low liquidity caused by the Italian Epiphany holiday, which could lead to irregular volatility. While stronger-than-expected German CPI data could support the Euro by bolstering expectations for further European Central Bank tightening, traders are also closely monitoring US PMI reports and remarks from Federal Reserve Governor Lisa Cook for insights into future US interest rate policies. These events could either amplify the USD's strength or weaken it, depending on their outcomes, making the EURUSD’s price highly sensitive to today’s market developments.

Chart Notes:
• Chart time-zone is UTC (+02:00)
• Candles’ time-frame is 4h.
The EURUSD H4 chart indicates a clear recovery from a bearish trend, as shown by the Fibonacci retracement levels and the Ichimoku Cloud. The price reversed sharply after touching the 1.000 Fibonacci level and has since recorded several bullish candles. This rally brought the EUR-USD pair up to the 0.786 Fib level, a key resistance point. The opening candles of the current session have been red, suggesting a potential pullback or consolidation phase. Traders should closely watch whether the price can break above the 0.786 Fib resistance, signaling continuation of the bullish trend, or if it retreats further. The Ichimoku Cloud indicates neutral-to-bearish sentiment as the price remains under the cloud, reflecting resistance at higher levels. However, the RSI is climbing from oversold levels and currently hovers around 38.6, indicating improving bullish momentum. While the near-term price action shows hesitation, breaking through the resistance could confirm bullish continuation. Conversely, failure to hold above the 0.786 Fib level could lead to a bearish 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

 

USDNZD H4 Technical Analysis Overview

The USDNZD forex pair, affectionately known as the "Kiwi Dollar," represents the exchange rate between the US Dollar and the New Zealand Dollar. Today, USD/NZD is shaped by strong US economic indicators, including an ISM Services PMI rising to 53.5 from 52.1 and a slight decline in JOLTS Job Openings to 7.73M from 7.74M. Additionally, the New Zealand GDT Price Index has decreased by 2.8%, alongside the upcoming US 10-year Bond Auction yielding 4.24%, up from 2.7%. These fundamental factors suggest potential volatility in the USD NZD pair, aligning with broader USD-NZD daily chart technical and fundamental analysis trends that highlight the influence of key economic data on currency movements.

Chart Notes:
• Chart time-zone is UTC (+02:00)
• Candles’ time-frame is 4h.
Analyzing the uploaded USDNZD H4 chart, the price line has recently broken below the Ichimoku cloud, a critical signal in USDNZD price action strategies, indicating a possible bearish trend. The MACD indicator reinforces this bearish potential, suggesting that the current bullish phase may be nearing its end. This technical setup, combined with today's fundamental news, underscores a pivotal moment for traders focusing on USD/NZD daily chart technical and fundamental analysis, as similar patterns may impact the broader forex market dynamics.

• 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/JPY Forecast: Breaking Down the H4 Ascending Channel

The USD/JPY currency pair, often referred to as "The Ninja," is one of the most traded pairs in the forex market, combining the world's largest economy with one of the most influential Asian markets. As a haven currency, the Japanese yen often reacts to risk sentiment, while the U.S. dollar is influenced by global economic conditions and monetary policies. This dynamic creates a highly liquid and volatile trading pair that is a favorite for forex traders globally.

Today's USD/JPY fundamental overview is shaped by critical economic releases. On the JPY side, labor cash earnings and household confidence data could signal the robustness of consumer spending in Japan, which influences monetary policy. Higher earnings and strong confidence data could strengthen the yen, reflecting improved domestic conditions. Conversely, on the USD side, the ADP employment report, jobless claims, and crude oil inventory data will highlight the health of the U.S. labor market and economic demand. Additionally, speeches by Federal Reserve members may provide insights into future monetary policy, potentially swaying the U.S. dollar. A stronger-than-expected ADP report or hawkish Fed commentary may bolster the dollar, tipping the balance in favor of USD bulls.

Chart Notes:
• Chart time-zone is UTC (+02:00)
• Candles’ time-frame is 4h.
The USD/JPY H4 chart reveals a clear ascending channel, with the Ninja’s price action trading near the mid-point of this channel. The resistance at 158.29 appears strong, while support around 156.59 underpins the lower boundary of the channel. The MACD indicator shows a slight bullish momentum, with the signal line remaining above the zero line, suggesting a continuation of the USDJPY bullish bias. However, the histogram reflects some waning strength, indicating potential consolidation in the short term. Meanwhile, the Stochastic RSI is hovering near the overbought zone at 63.14, signaling that bullish momentum may be nearing exhaustion. This could lead to a short-term pullback towards the support level before resuming the uptrend.

• 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

 

Price Action Insights for EURUSD Daily Chart

The EURUSD, commonly referred to as "Fiber," is one of the most traded currency pairs globally, representing the euro against the US dollar. As of today, the market is particularly sensitive to incoming data, including Germany's industrial production figures and the European Central Bank's economic bulletin. On the US side, upcoming speeches by Federal Reserve officials and job cut announcements will also influence the EUR-USD pair. German industrial production and foreign trade data, both due today, are key as they act as leading indicators for Eurozone economic health. Simultaneously, Federal Reserve speeches will shape expectations for US monetary policy. If German data surprises positively or ECB officials adopt a hawkish tone, the euro might gain; however, a more hawkish Federal Reserve could strengthen the dollar, applying downward pressure on EUR/USD.

Chart Notes:
• Chart time-zone is UTC (+02:00)
• Candles’ time-frame is 4h.
In the H4 chart, the EUR USD is in a bearish trend, characterized by a descending trendline and bearish candles. However, recent price action shows two bullish candles attempting to break the 0.236 Fibonacci retracement level near 1.0319. The Ichimoku Cloud indicates the price is below the cloud, suggesting resistance, though it appears to be consolidating near the Fibonacci level. The MACD histogram displays increasing bullish momentum, and the MACD lines are converging, hinting at a potential reversal. Still, the overall bearish trend and the strong resistance posed by the Fibonacci retracement level suggest caution for bullish trades.

• 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

 

Cable Under Pressure: GBPUSD H4 Outlook

The GBPUSD forex pair, commonly referred to as "Cable," represents the exchange rate between the British Pound and the US Dollar. Known for its historical importance and volatility, it is a favored instrument for forex traders worldwide. For today’s GBP/USD fundamental overview the market eagerly awaits crucial U.S. economic indicators, including Non-Farm Payrolls (NFP), the Unemployment Rate, and Consumer Sentiment data from the University of Michigan, all of which are key drivers for USD valuation. Meanwhile, traders also consider the release of the UK’s NIESR GDP estimate, which provides insights into the health of the British economy.
The U.S. NFP data is a cornerstone of forex market volatility, with higher-than-expected job creation typically boosting the USD. Simultaneously, a drop in the unemployment rate would reinforce USD strength, whereas weaker numbers could pressure the currency. On the other hand, stronger-than-forecast NIESR GDP data for the UK could lend support to the Pound. Market participants should monitor these releases closely, as they are likely to trigger sharp moves in the GBPUSD forecast today.

Chart Notes:
• Chart time-zone is UTC (+02:00)
• Candles’ time-frame is 4h.
In the GBPUSD H4 chart, the pair’s price action is confined within a well-defined descending channel, signaling the Cable’s bearish bias. The Parabolic SAR dots are placed above the price candles, reinforcing the downward momentum. Meanwhile, the RSI is hovering around 33, suggesting the pair is approaching oversold territory but hasn’t confirmed a reversal yet. Combined, these indicators suggest that while the bearish momentum persists, traders should be cautious of potential rebounds from the channel's lower boundary. The recent rejection from this level indicates a possible short-term bounce.

• 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

 

Fundamental and Technical Forecast for USDCHF

The USDCHF currency pair, often referred to by its nickname "Swissie," represents the US Dollar against the Swiss Franc. Known for its safe-haven appeal, the Swiss Franc is often influenced by global economic events, while the US Dollar reflects the performance of the largest economy in the world. Today, the US Treasury Monthly Budget release is expected to shed light on the federal government's income versus expenditure trends, which could have significant implications for the USD. On the CHF side, SECO's Consumer Confidence Index will provide insight into Swiss economic optimism, a critical factor driving the Franc's strength. If the US report surprises with a better-than-expected surplus and Swiss consumer confidence lags, USDCHF could see further bullish momentum.

Chart Notes:
• Chart time-zone is UTC (+02:00)
• Candles’ time-frame is 4h.
The USDCHF H4 chart analysis reveals that the pair is in a bullish trend, as the price continues to trade above the Ichimoku cloud, suggesting strong support levels. While the price touched the 0 Fibonacci retracement level, it recently retraced slightly, forming three red bearish candles. However, the candles remain above the 0.236 Fibonacci retracement level, which acts as immediate support. The MACD and histogram still signal bullish momentum, but a slight weakening of the MACD histogram suggests potential consolidation or a minor retracement before another bullish attempt. If the price sustains above the Ichimoku cloud and 0.236 Fib level, the bullish trend could resume towards higher Fibonacci 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

 

BTC/USD Price Action Forecast for H4 Chart

Bitcoin, often nicknamed "Digital Gold," is paired with the US Dollar (BTCUSD), creating one of the most watched forex and cryptocurrency trading pairs in global markets. BTCUSD represents the exchange rate between the decentralized cryptocurrency Bitcoin and the fiat USD, showcasing its susceptibility to both crypto-specific developments and USD macroeconomic trends. Today, key USD-related events such as the Producer Price Index (PPI), NFIB business sentiment, and a speech by a Federal Reserve member will likely influence market dynamics. A higher-than-expected PPI indicates inflationary pressure, which could strengthen the USD and potentially dampen BTCUSD's bullish movements. Conversely, dovish signals from Federal Reserve commentary could support Bitcoin's bullish recovery.

Chart Notes:
• Chart time-zone is UTC (+02:00)
• Candles’ time-frame is 4h.
The BTC USD H4 chart indicates significant bullish momentum as recent candles sharply increased, breaking through key resistance levels. Initially moving below the Ichimoku Cloud, the BTC/USD price has now pierced the lower boundary and is challenging the upper boundary near the Fib 0.5 retracement level. The Fib 0.5 level aligns with the cloud's top line, creating a critical resistance zone. Concurrently, the MACD indicator and histogram show bullish crossovers, signaling increasing bullish momentum. If BTC-USD manages to close above this confluence zone, it could aim for higher Fibonacci levels. However, failure to break above this level may result in consolidation or a retracement.

• 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 Forecast: CPI Impact and Technical Levels

The EUR/USD forex pair, often nicknamed "Fiber," is one of the most heavily traded currency pairs globally, representing the exchange rate between the Euro and the US Dollar. Known for its liquidity and volatility, this pair’s forecast reflects economic and monetary policy dynamics in the Eurozone and the United States.

For today’s EURUSD fundamental overview, the market’s attention is focused on U.S. inflation data, including the Core Consumer Price Index (CPI) and CPI metrics, which are pivotal indicators of economic health and influence the Federal Reserve's monetary policy. Additionally, speeches by prominent Federal Reserve officials, including Richmond and Minneapolis Fed Presidents, could provide further clues regarding the Fed's interest rate strategy. On the Eurozone side, wholesale price index figures and manufacturing production updates are expected to have a relatively moderate impact, with the focus remaining on the broader inflationary trends. As traders assess these data points, the EURUSD prices may see heightened volatility, especially if the inflation data outperforms or underperforms forecasts.

Chart Notes:
• Chart time-zone is UTC (+02:00)
• Candles’ time-frame is 4h.
The H4 chart of EURUSD indicates an ongoing recovery from recent lows, with the pair’s price action attempting to breach the upper Bollinger Band. The Bollinger Bands show widening, which often signals increasing volatility. The Fiber is trading near the middle and upper bands, suggesting its bullish trend may continue if resistance levels are broken.
The MACD (Moving Average Convergence Divergence) indicator shows bullish divergence, with the MACD line crossing above the signal line and histogram bars turning positive. This setup further confirms the likelihood of upward momentum. However, a rejection from the current resistance zone could trigger a reversal to test the middle or lower Bollinger Band. Overall, traders should monitor key resistance at 1.0320 and support near 1.0190 for directional cues.

• 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