Forex News Daily Market Forecast By Capitalcore

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EUR/CHF H4 Chart Price Action Signals Bullish Reversal

The EUR-CHF, often referred to as the "Swissie," is a significant forex pair reflecting the economic relationship between the Eurozone and Switzerland. Traders frequently monitor this pair due to its reputation as a safe-haven currency pair, particularly during periods of market uncertainty. Fundamental analysis for today indicates potential volatility for EURCHF as multiple key economic data points from the Eurozone are due, including Consumer Sentiment, Consumer Price Index (CPI), Gross Domestic Product (GDP), Money Supply, and private sector loans. Positive results from these indicators, especially higher-than-forecast CPI and GDP, could bolster the Euro, indicating economic strength and leading to potential bullish momentum for EURCHF. Conversely, traders should closely monitor statements from Swiss National Bank (SNB) Vice-Chairman Antoine Martin, as a more hawkish stance may support CHF strength, creating downward pressure on the EURCHF.

Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
The EURCHF H4 technical analysis shows that the price has broken above a previous downtrend line and initiated a robust upward trend, now approaching its uptrend support line. The multiple divergences observed between the price action and the stochastic oscillator confirm the bullish strength of this new trend. If the EURCHF price retests the ascending support line, it is likely to find support and rebound rather than breaking below, given the bullish signals from divergence. Additionally, the Stochastic indicator is oversold and poised for a bullish reversal, reinforcing the expectation of price support at current levels. The Williams %R indicator also indicates an oversold market condition, suggesting potential bullish price action in the near term, aligning with the overall upward trend sentiment. The Bollinger Bands suggest a volatility contraction, which could precede a strong price breakout. Currently, the price is near the lower band, indicating potential support at this level. Additionally, the Parabolic SAR has shifted below the price, signaling bullish momentum and supporting the potential continuation of the 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.

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[Capitalcore]

EURUSD Tests Key Resistance

The EURUSD forex pair, representing the exchange rate between the euro and US dollar, remains closely watched as traders assess recent economic developments and central bank signals. Currently trading near key resistance at 1.1420, EURUSD has gained roughly 10% since March due to rising fiscal spending in Germany and heightened global trade tensions, posing headwinds for Eurozone exporters. Conversely, the US dollar recently saw its worst monthly decline in two years, pressured by fears of stagflation and ongoing tariff concerns. Upcoming US economic data, alongside ECB monetary policy adjustments, will be critical in shaping near-term direction for EURUSD.

Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
On the EURUSD H4 chart technical analysis, the price has entered an extended period of consolidation, fluctuating within a significant support zone between approximately 1.13100 and 1.13000, clearly indicated by the Ichimoku cloud's lower boundary. Despite currently trading above the cloud—traditionally interpreted as bullish—the flatness of both the Span A and Span B lines within the cloud suggests weakening bullish momentum and reflects market indecision. The recent price action has struggled to establish clear directional momentum, repeatedly encountering resistance at intermediate levels. Additionally, trading volume has notably decreased throughout this sideways movement, underscoring diminishing market conviction and hinting at potential exhaustion among bullish traders. Given these indicators, there is an increasing probability that bearish pressure may strengthen, particularly if the price fails to sustain its current support. Traders should remain cautious and closely observe volume shifts alongside clear rejection or breakout patterns near the established support at around 1.13000 and the critical resistance zones at approximately 1.15000 and 1.15800 to determine the forthcoming directional bias.

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

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[Capitalcore]

BTCUSD Riding Bullish Momentum on H4

BTCUSD, often referred to as “Digital Gold,” is a key bridge between the cryptocurrency market and traditional currencies, attracting both retail and institutional interest. In light of today’s USD labor-market releases—including Non-Farm Payrolls, Unemployment Rate, and Labor Inflation figures—BTCUSD daily chart technical and fundamental analysis suggests heightened volatility ahead as job creation, unemployment data, and factory orders can significantly influence USD strength, thus impacting BTC USD price action by either reinforcing the current bullish momentum or triggering profit-taking if the actual figures deviate from forecasts.

Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
On the H4 chart, BTCUSD appears to be riding a strong bullish trend, currently trading in the upper half of the Bollinger Bands near the upper band. Even though the bands were initially tight, they have slightly expanded, yet remain relatively narrow compared to previous periods. The upper Bollinger Band aligns with a key resistance level just above the 0.382 Fibonacci retracement, and price action has repeatedly tested and reacted to this zone without a decisive break so far. Nonetheless, buyers are still attempting to push BTC-USD higher, targeting new resistance levels if a breakout occurs. The MACD, RSI, and MACD histogram all lean toward continued bullish pressure, suggesting that if the price can overcome the upper Bollinger Band and this fib-based resistance, BTC/USD daily chart technical and fundamental analysis favors potential upside continuation in the near term.

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

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[Capitalcore]

US500 Price Action Faces Key Resistance

The US500, commonly referred to as the S&P 500, is a key equity market index representing the performance of the top 500 publicly traded companies in the U.S. economy, making it a crucial indicator for investors worldwide. Fundamentally, today's market movements will be significantly influenced by critical U.S. economic data, particularly the Purchasing Managers' Index (PMI) reports from S&P Global and the Institute for Supply Management (ISM), along with the Federal Reserve’s quarterly lending report. An above-forecast PMI, indicative of robust growth in the service sectors, could positively affect investor sentiment, leading to increased buying pressure and potentially supporting further bullish price action. Conversely, signs of contraction in these reports could trigger bearish movements, increasing market volatility and downward pressure on the US500.

Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Analyzing the US500 H4 technical chart reveals that after an extended upward trend, the price has recently hit resistance at the upper boundary of the Bollinger Bands. Price action is currently indicating a retracement towards the first significant support level represented by the ascending trend line. If this trend line fails to hold, price action could further decline towards the previously established support zone, marking a deeper correction. The Bollinger Bands indicate that the market is currently overextended to the upside, implying potential downward momentum. The RSI indicator is currently at 62, suggesting that while bullish sentiment still prevails, it is losing strength and hinting towards potential bearish divergence. The Stochastic Oscillator also signals overbought conditions, reinforcing the expectation of an imminent pullback or consolidation period.

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

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[Capitalcore]

XAG/USD Forex Pair Analysis for Today's Trading Session

SILVER, often referred to by traders as "XAG/USD," pairs Silver against the US Dollar, combining a precious metal with a key fiat currency. Silver is notably sensitive to economic shifts, industrial demand, and currency movements, making it a crucial commodity for forex and commodity traders alike. Today's fundamental outlook centers around crucial upcoming US economic releases, including the US Trade Balance, RCM/TIPP Consumer Confidence, and Treasury Auction yields. A higher-than-expected trade balance number, indicating stronger exports, would strengthen the USD, thereby negatively impacting silver prices. Similarly, robust consumer confidence and stable or rising bond yields can also boost the USD, putting downward pressure on Silver prices.

Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Analyzing the XAG/USD H4 chart provided, the price action reveals a clear pullback to a previously broken ascending trend line, indicating the beginning of a potential downtrend. Currently, the price sits at a critical support level of approximately 32.1, with pin bars signifying price instability in this area. The multiple recent Parabolic SAR dots positioned below the current price level suggest a short-term bullish correction or consolidation might be underway, potentially slowing down the downtrend momentum. The Stochastic oscillator shows signs of bullish divergence, hinting at weakening bearish momentum, while the %R indicator indicates an oversold scenario that may support a short-term reversal or a consolidation phase. Traders should closely watch these indicators and price action around the key support at 32.1 for further confirmations.

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

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[Capitalcore]

UK100 Price Action and Technical Analysis Today

The UK100, commonly referred to as the FTSE 100, is a prominent financial instrument tracking the top 100 companies listed on the London Stock Exchange, reflecting economic health in the UK market. Known colloquially as "Footsie," the UK100 often reacts strongly to economic indicators and monetary policy decisions. Today's fundamental analysis highlights significant upcoming news including the RICS House Price Balance, HBOS HPI, and reports from the Bank of England. Positive outcomes from these reports, such as higher than forecast house price indexes and hawkish tones in monetary policy summaries and MPC minutes, could strengthen the GBP, reflecting positively on the UK100 by boosting investor confidence and attracting capital flows into UK equities. Investors should closely monitor these economic indicators for cues on future price movements and market sentiment.

Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Analyzing the UK100H4 chart provided, the price is clearly exhibiting an upward trend, currently being supported by the middle Bollinger Band, suggesting potential continuation of the bullish momentum. The price action might soon retest and surpass the established upward trendline again. Additionally, the Stoch-RSI oscillator is showing a divergence, signaling potential weakening of the current bullish momentum and cautioning about possible corrective movements ahead. Bollinger Bands appear to be narrowing slightly, indicating a possible period of lower volatility or consolidation soon. The Parabolic SAR remains below the current candlesticks, supporting the ongoing bullish sentiment. Furthermore, %R is moderately placed, indicating there's still some buying potential left, though cautious optimism is advised given the divergence seen in Stoch-RSI. Traders should watch closely for the price action around the current support levels for confirmation of continued bullishness or signs of 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.

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[Capitalcore]

Price Action Signals for GBPUSD H4 Chart Today

The GBPUSD currency pair, commonly known as "Cable," is one of the most actively traded forex pairs globally, combining the British Pound Sterling (GBP) with the U.S. Dollar (USD). Today's upcoming fundamental news reveals critical monetary policy discussions from both sides. The Federal Reserve speakers, including Thomas Barkin and Adriana Kugler, are likely to hint at the future direction of U.S. monetary policy, potentially influencing USD strength. Additionally, inflation expectations and treasury budget reports will offer further insight into the U.S. economy's health. On the GBP side, Bank of England members Clare Lombardelli, Megan Greene, Catherine Mann, and Alan Taylor are scheduled to speak, with any hawkish signals potentially boosting the Pound's value significantly against the dollar.

Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Analyzing the GBP/USD H4 chart, the price action currently exhibits bearish pressure. The red Ichimoku cloud positioned above the price candles indicates strong downward momentum, suggesting a bearish market sentiment. The latest candles approached the cloud’s lower boundary but faced resistance, notably failing to surpass the crucial 0.5 Fibonacci retracement level, confirming its strength as a robust resistance zone. Price has shown a corrective attempt upwards but now demonstrates renewed bearish intent, retreating from the 0.618 Fibonacci level and turning towards 0.786. The MACD histogram also signals bearishness, and the RSI remains below 50, indicating that sellers currently dominate market momentum. Traders should watch closely for today's economic news, which could create volatility and decisively influence the GBP USD trend direction in the short term.

• 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

 

[Capitalcore]

USD/JPY Technical Outlook and Price Action

The USD-JPY forex pair, commonly known as the "Gopher," represents the exchange rate between the US Dollar and the Japanese Yen, reflecting economic strength comparisons and central bank policies between the United States and Japan. Fundamental analysis for today highlights the upcoming key economic indicators for both USD and JPY, including the US NFIB Small Business Index and Consumer Price Index (CPI). Positive outcomes in these indices, particularly the Core CPI, can strengthen the USD by signaling potential Federal Reserve interest rate hikes to combat inflation. Conversely, Japan's monetary base and government bond auction results (JGB) will provide insight into the Bank of Japan’s monetary policy outlook, significantly impacting JPY strength or weakness against USD.

Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
The technical analysis of the USD/JPY H4 chart illustrates price action within an ascending channel, currently testing its upper boundary, indicating potential initiation of a corrective phase before the continuation of the prevailing bullish trend. The recently breached resistance at approximately 147.789 may now function as a support level, with the next possible correction target being the channel’s lower boundary around 145.000 to 146.000. The Parabolic SAR supports a bullish trend but hints at cautiousness given the proximity to the channel’s upper limit. Stochastic is displaying overbought conditions, suggesting an imminent price correction. The RSI indicator similarly confirms this scenario by being near the overbought zone, enhancing the likelihood of a short-term bearish retracement within the broader bullish 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.

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[Capitalcore]

S&P 500 Price Action and Technical Indicators Analysis

The US500, also known as the S&P 500, is a widely-followed index reflecting the performance of 500 major U.S. companies and serves as a benchmark for the overall health of the U.S. stock market. Today's fundamental analysis highlights significant upcoming events, including speeches from key Federal Reserve officials, particularly Chair Jerome Powell and San Francisco Fed President Mary Daly, whose comments often provide critical insights into future monetary policy direction. Important economic releases today, such as Retail Sales, Producer Price Index (PPI), and unemployment claims data, are closely monitored as they offer crucial signals regarding consumer spending trends, inflationary pressures, and overall economic health, potentially affecting volatility in the US500.

Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Technically, examining the 4-hour chart for the US500, we see a bullish price action sustained above the Ichimoku cloud, indicating strong upward momentum. The lower band of the Ichimoku green cloud is moving horizontally, aligning with the current resistance at the 0 Fibonacci retracement level. Recent candlestick formations have alternated between bullish and bearish, suggesting indecision at this resistance level as the price has yet to decisively break through the Fibonacci resistance. Additionally, technical indicators including MACD and its histogram exhibit decreasing bullish momentum, hinting at potential exhaustion. The RSI, hovering near overbought levels, and %R also suggest caution for traders, as the market might face a potential retracement or consolidation if bullish momentum weakens further.

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

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[Capitalcore]

Dow Jones Price Action Analysis and Trading Insights

US30, commonly known as Dow Jones or DJIA, is a significant index representing the top 30 industrial companies listed in the United States, acting as a crucial indicator of overall market health. Traders often refer to this index as "Wall Street 30". Today's fundamental analysis for US30 highlights critical economic events including Residential Building Permits, Housing Starts, Import Price Index, and Consumer Sentiment data from the University of Michigan, along with an important speech by Richmond Fed President Thomas Barkin. Stronger-than-expected building permits and housing starts can indicate robust economic growth and higher investor confidence, potentially driving bullish momentum in the US30. Simultaneously, improvements in import price data and higher consumer sentiment readings could reinforce expectations of sustained economic growth, further supporting an upward trend. Market participants will also closely monitor President Barkin's comments for clues about future monetary policy direction, which could introduce volatility into the market depending on the tone adopted.

Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Analyzing the US30 Dow Jones H4 chart, the price is clearly in a bullish trend, moving between the 0.236 Fibonacci retracement level towards the critical 0 level, indicating a strong buying momentum. Price action is currently positioned above the Ichimoku green cloud, though the cloud has slightly narrowed, suggesting a minor reduction in bullish strength; however, the lower cloud boundary has flattened horizontally, offering solid support. The MACD indicator and its histogram are exhibiting bullish signals, with the MACD line remaining above the signal line and positive histogram bars gaining strength. Concurrently, the RSI indicator at 64.64 suggests room for continued upward movement before reaching an overbought zone. The Williams %R indicator positioned near -1.52 also confirms bullish sentiment, reflecting strong buying pressure.

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

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[Capitalcore]

UK100 Price Action Targets Crucial Fibonacci Resistance Level

The UK100, often called the FTSE 100 or simply "Footsie," represents the 100 most capitalized companies listed on the London Stock Exchange and serves as a key indicator of the UK's economic health, directly influencing the British Pound (GBP). Fundamental analysis today highlights significant events: public sector borrowing data from the Office for National Statistics and several high-profile speeches by BOE officials, including Deputy Governor Sarah Breeden and Chief Economist Huw Pill. Hawkish statements indicating possible monetary tightening and positive PMI data from manufacturing and services sectors would strengthen GBP, potentially boosting UK100. Conversely, a larger-than-expected budget deficit could create bearish pressure, raising caution among traders.

Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Analyzing the provided UK100 H4 chart, price action indicates a steady bullish momentum, moving towards a crucial resistance near the previous high around 8865, which coincides with the critical 0.786 Fibonacci expansion level. A successful breakout could propel prices towards the next significant Fibonacci expansion at level 1, marking a stronger bullish run. Bollinger Bands currently display widening volatility, suggesting potential price acceleration. However, stochastic indicators are approaching the overbought area, hinting at a potential short-term pullback before resuming upward momentum, thus emphasizing caution and vigilance among traders.

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

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[Capitalcore]

GBP vs NZD Trading Opportunities Forecast

The British Pound versus the New Zealand Dollar (GBPNZD), also known among traders as the "Kiwi Cross," combines the strength of the British economy with the commodity-driven dynamics of New Zealand. Today's fundamental analysis for GBP/NZD is shaped by important economic indicators. For GBP, market participants await consumer confidence and retail sales data, essential for assessing economic health. A better-than-forecast reading would strengthen GBP due to increased consumer spending, boosting optimism and economic growth potential. For NZD, retail sales figures remain influential, with stronger-than-anticipated results supporting NZD as it indicates robust domestic economic activity.

Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Analyzing the GBP NZD H4 chart, the currency pair is exhibiting a bullish price action trend, clearly moving within an ascending channel and consistently trading above the Ichimoku cloud, signaling strong bullish momentum. The Ichimoku cloud itself is green, trending upward, further supporting a bullish scenario. The recent candles are predominantly green, indicating buying dominance. Additionally, the MACD indicator and its histogram are in positive territory, reflecting increasing upward momentum, while the Williams %R oscillator indicates strong bullish sentiment but approaching overbought levels, which traders should monitor closely for potential pullbacks.

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

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[Capitalcore]

EUR/USD H4 Price Action Bullish Momentum Continues

EURUSD, known among forex traders as "Fiber," is one of the most actively traded currency pairs globally, representing the Euro against the U.S. Dollar. Today's fundamental landscape is significantly shaped by speeches from ECB President Christine Lagarde and Bundesbank President Joachim Nagel. With both expected to maintain a hawkish stance regarding monetary policy amid ongoing global trade tensions and geopolitical fragmentation, the euro could experience bullish momentum. Conversely, U.S. banks are closed today for Memorial Day, which typically results in reduced liquidity and potential irregular volatility in the EUR/USD pair.

Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Analyzing the EUR USD H4 technical chart, the price is demonstrating a clear bullish trend, currently trading above the green Ichimoku Cloud, indicating bullish momentum. The upper band of the Ichimoku Cloud has flattened horizontally, suggesting possible consolidation or resistance around the current price levels. Additionally, the RSI indicator at 65.95 indicates strong bullish sentiment but is approaching overbought territory, suggesting potential near-term caution. The MACD indicator is also positive, confirming the bullish momentum. Traders should watch closely for signs of either consolidation at resistance levels or further bullish breakout 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.

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