NZDUSD Fibonacci Levels Show Potential Rebound

The NZD/USD currency pair, commonly referred to as the "Kiwi," represents the exchange rate between the New Zealand Dollar (NZD) and the United States Dollar (USD) and is influenced by economic indicators, monetary policies, and global trade dynamics, making it a popular choice for forex traders. Today, fundamental factors could drive significant price movements, with Federal Reserve Bank of Chicago President Austan Goolsbee’s remarks potentially signaling future monetary policy; hawkish tones may strengthen the USD, while dovish comments could weaken it. Additionally, the National Association of Home Builders (NAHB) Housing Market Index will provide insights into the US housing market outlook, impacting USD sentiment. On the NZD side, BusinessNZ’s Performance of Services Index will offer clues about service-sector expansion, and the release of Producer Price Index (PPI) data could indicate inflationary pressures in New Zealand. The G20 meeting also presents a global macroeconomic backdrop that may influence the Kiwi through risk sentiment shifts.

Chart Notes:
• Chart time-zone is UTC (+02:00)
• Candles’ time-frame is 4h.
Analyzing the H4 chart for NZD USD, the pair remains in a bearish trend within a descending channel, with candlesticks primarily moving in the lower half of the Bollinger Bands and frequently touching the lower band, confirming sustained downward pressure. Despite this, there is evidence of a short-term recovery as candles attempt to push from the lower band toward the middle band, a key resistance zone. The Fibonacci retracement levels indicate the price has bounced from the 0.236 level and is currently approaching the 0.382 level (around 0.58810), suggesting some consolidation or a potential minor correction within the broader downtrend. The Williams %R indicator, hovering near oversold levels, points to the possibility of a brief pullback, but bearish momentum remains intact unless the pair breaks above the middle Bollinger Band and sustains above the 0.382 Fibonacci 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.

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GBP/USD H4 Chart Analysis: Bearish Channel Dominates

The GBP/USD currency pair, often nicknamed "Cable," reflects the exchange rate between the British Pound and the US Dollar. As one of the most traded pairs in the forex market, it is influenced heavily by macroeconomic data, central bank policies, and global economic conditions.
The GBP/USD fundamental analysis today suggests heightened volatility as several key economic indicators and events come into focus. For the GBP, the UK Consumer Price Index (CPI), including its core and retail components, is due, and its actual numbers exceeding forecasts could boost the pound due to inflationary pressures supporting a potential rate hike by the Bank of England. Additionally, BOE Deputy Governor David Ramsden's speech on monetary policy could provide clues about future interest rate trajectories. Meanwhile, on the USD side, Federal Reserve Governors Lisa Cook and Michelle Bowman will speak on monetary and economic policies, likely influencing the dollar's strength, especially if hawkish tones dominate. This mix of inflation data and high-level speeches could set the tone for Cable's forecast today, particularly as the pair struggles against bearish pressures.

Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
The GBP/USD H4 chart shows that the pair is firmly entrenched in a bearish parallel channel, with prices trading below the Ichimoku Cloud, signaling a sustained GBPUSD bearish trend. Additionally, a recent crossover on the Stochastic RSI indicates bullish divergence in oversold territory, hinting at a potential short-term corrective bounce. However, the prevailing bearish structure within the channel remains intact, suggesting sellers are still dominant. The market's inability to break above the cloud or the upper boundary of the channel could reinforce the pair’s bearish sentiment and lead to a continuation of the downtrend. Traders should monitor key support at 1.2650 and resistance near the upper channel trendline for potential trade setups.

• 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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EURGBP Analysis: Bearish Momentum in the H4 Chart Review

The EURGBP currency pair, often nicknamed "Chunnel" due to the financial and economic link between Europe and the UK, represents the exchange rate between the Euro (EUR) and the British Pound (GBP). The pair’s news outlook is heavily influenced by economic data releases and political developments in the Eurozone and the UK. The interplay between the ECB and BoE policies, combined with fluctuating economic sentiment, makes Chunnel an essential pair for both intraday and long-term traders.
Today’s EUR/GBP fundamental analysis highlights key data releases that could drive the pair’s price. For GBP, the GfK Consumer Confidence Index, Retail Sales, and Flash PMI are due. Stronger-than-expected consumer confidence or retail sales figures would bolster the pound, signaling robust consumer spending—a critical GDP driver. Similarly, PMI data over 50 would indicate business optimism, potentially strengthening GBP. On the EUR side, manufacturing and services PMI data are critical, as numbers above 50 would indicate economic expansion. Additionally, ECB President Christine Lagarde’s speech could provide forward guidance on monetary policy, influencing EUR movements. With both currencies facing impactful data, traders should brace for volatility.

Chart Notes:
• Chart time-zone is UTC (+02:00)
• Candles’ time-frame is 4h.
The H4 chart of EURGBP indicates the pair’s bearish trend, with the price trading within a descending channel. The MACD histogram shows negative momentum, with the signal line staying below the MACD line, reinforcing EURGBP’s bearish outlook. Meanwhile, the RSI hovers near 46, suggesting neutral to mild bearish momentum but not yet oversold conditions. The descending channel provides resistance around 0.8350 and support near 0.8280, outlining a confined trading range. The pair’s price movements within this channel reflect sustained selling pressure, though a breakout could signal a potential 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.

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EUR/USD H4 Analysis: Bearish Trend Prevails Below Ichimoku Cloud

The EUR/USD forex pair, often referred to as "Fiber," is the most traded currency pair in the world, representing the economic interplay between the Eurozone and the United States. The EURUSD prices serve as a barometer for global economic stability, influenced by key macroeconomic factors and central bank policies. As the week unfolds, traders are focusing on high-impact U.S. economic data such as the GDP second release, durable goods orders, and weekly unemployment claims, which hold the potential to drive the dollar's momentum.
Today's Fiber Fundamental analysis, including the U.S. GDP second release, is anticipated to confirm robust economic growth, signaling continued strength in the U.S. economy. Durable goods orders, particularly excluding transportation, could provide further clues about manufacturing health and production outlooks. If these indicators outperform forecasts, it would reinforce the Federal Reserve's hawkish stance, boosting the dollar and exerting bearish pressure on EUR/USD. On the European side, GfK consumer confidence data will gauge sentiment in the Eurozone. With the Eurozone's economic backdrop remaining relatively muted, traders are likely to remain cautious ahead of these events.

Chart Notes:
• Chart time-zone is UTC (+02:00)
• Candles’ time-frame is 4h.
The H4 EUR/USD chart exhibits a clear bearish trend, as indicated by the price trading below the Ichimoku cloud. This EURUSD bearish bias aligns with the downward-sloping price channel, suggesting continued selling pressure in the near term. The RSI indicator is currently at 48.62, residing in the neutral zone, indicating a lack of strong momentum in either direction. However, it also highlights the possibility of a consolidation phase before the next significant move.
The Ichimoku cloud's resistance near the 1.0500 level acts as a significant barrier for bullish attempts, while the price's failure to reclaim this level underscores bearish control. With the RSI failing to break above 50, buyers appear hesitant. A potential breakdown below 1.0440 could open the door for further downside toward the lower boundary of the descending channel around 1.0360. Conversely, a breakout above the cloud and channel resistance could trigger a short-term 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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EURCAD Analysis: MACD Crossover Supports Bullish Momentum

The EUR/CAD currency pair, sometimes referred to as "Euro-Loonie," represents the exchange rate between the Euro, the official currency of the Eurozone, and the Canadian Dollar, the official currency of Canada. The EURCAD prices are often seen as a barometer for economic trends between the Eurozone and Canada, two major global economies. As traders look to assess the relative strength of these currencies, EURCAD provides insight into the broader health of the global economy, driven by both regions' economic data and geopolitical factors.
The Eurozone's economic landscape today sees a mixed bag of data, with several reports expected to have an impact on EUR value. Notably, Eurozone retail sales and CPI data, as well as inflation reports from countries like Germany and France, could offer signals about future ECB monetary policy. As consumer spending and inflation in the Eurozone remain key drivers of future ECB rate decisions, any positive surprises in retail sales or inflation figures could push the EUR higher. In contrast, Canada is awaiting GDP data which, if stronger than expected, could provide support for the Canadian Dollar. The performance of CAD may be further influenced by oil price fluctuations, as Canada is a major oil exporter. The potential for stronger economic growth in Canada relative to the Eurozone could weigh on EUR/CAD’s forecast today.

Chart Notes:
• Chart time-zone is UTC (+02:00)
• Candles’ time-frame is 4h.
Looking at the EURCAD H4 chart, we get a look at the Euro-Loonie’s technical outlook where the Parabolic SAR is currently signaling the pair’s bullish trend, with its dots positioned below the price action. This suggests that the momentum remains positive, indicating that EUR may continue to outperform CAD in the short term. Meanwhile, the MACD (Moving Average Convergence Divergence) is showing a bullish crossover, with the MACD line moving above the signal line, reinforcing the idea of EURCAD’s upward price action. This combination of indicators suggests that EURCAD may continue to rise, particularly if the price maintains its position above key support levels. Traders should watch for any reversal signals or sudden shifts in momentum, particularly if upcoming Eurozone or Canadian data surprises the 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.

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Gold/EUR Price Action and Key Technical Indicators

The Gold/EUR pair represents the Euro's value in terms of gold, a critical safe-haven asset. This pair is influenced by Eurozone economic data, global risk sentiment, and gold's intrinsic role as a hedge against inflation and market uncertainty. Today’s focus is on significant Eurozone reports, including the French Government Budget Balance, which widened to -173.8B, and Spanish Unemployment Change, which rose to 29.3K, surpassing the previous figure of 26.8K. These reports highlight fiscal challenges and rising unemployment in Europe, potentially weighing on the Euro.
Gold, on the other hand, remains a primary focus for investors amid global economic uncertainty, offering protection against currency devaluation. The combination of weaker European data and gold's appeal as a risk-off asset will likely contribute to volatility in the Gold EUR pair, especially as it approaches critical support and resistance levels.

Chart Notes:
• Chart time-zone is UTC (+02:00)
• Candles’ time-frame is 4h.
Gold/EUR price action reflects a consolidation phase, with key resistance at 2512.500–2530.00 acting as a ceiling for upward movement. This resistance zone has been tested multiple times, but the inability to breach it suggests strong selling pressure. Meanwhile, the green support zone at 2485.00–2500.00 has consistently absorbed downward moves, highlighting robust demand for gold at lower levels. The 100-period Moving Average (MA) reinforces the support zone, maintaining the medium-term bullish structure. However, the negative volume divergence raises concerns about the strength of the current trend. Without an increase in volume, a sustained breakout above resistance or a breakdown below support appears unlikely. Traders should monitor these zones closely for any decisive price action. If the price breaks above the resistance zone, a bullish continuation could target higher levels, driven by renewed buying interest. Conversely, a breach of the support zone could lead to a deeper retracement, particularly if the 100-period MA fails to hold. Today’s weak Eurozone data, including the widening French budget deficit and rising Spanish unemployment, may increase bearish pressure on the Euro, bolstering gold's safe-haven appeal.

• 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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EURUSD Market Sentiment and Price Action Analysis

EURUSD, often referred to as "Fiber," is the most traded currency pair in the forex market, representing the euro against the U.S. dollar. As the two largest economies in the world, the pair is highly liquid and sensitive to macroeconomic events, making it a central focus for traders analyzing global markets.
Today, EURUSD pair is influenced by key fundamental drivers. On the EUR side, the Sentix Investor Confidence data will shed light on investor sentiment, with optimism indicating stronger economic outlooks for the Eurozone. Additionally, the Eurogroup meeting could influence euro strength through discussions on economic policies and government finances. On the USD side, Final Wholesale Inventories data will provide insights into business spending trends, with lower-than-forecasted inventories generally boosting the dollar. The interplay of these events may create volatility in EUR-USD, with attention on whether the eurozone’s economic optimism can outweigh potential dollar strength.

Chart Notes:
• Chart time-zone is UTC (+02:00)
• Candles’ time-frame is 4h.
The EUR/USD H4 chart reveals a slight bullish trend, with the price trading above the Ichimoku Cloud, indicating a potential continuation of upward momentum. However, the price is currently hovering near the 0.618 Fibonacci retracement level, though it has dipped slightly below it, suggesting strong resistance at this level. The Williams %R indicator shows the pair is near the overbought region, signaling caution for further upside potential without a correction. A breakout above the 0.618 Fibonacci level could trigger additional bullish momentum, while failure to hold above this zone may lead to consolidation or a retracement toward the Ichimoku Cloud’s lower boundary.

• 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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Fundamental and Technical Outlook for GBPUSD Today

The GBPUSD forex pair, also known as "Cable" due to its historical trading via transatlantic telegraph cables, represents the exchange rate between the British Pound and the US Dollar. This major currency pair is influenced by both countries' macroeconomic indicators, central bank policies, and geopolitical factors. Traders and investors closely monitor GBPUSD due to its volatility and liquidity, making it a favorite for both technical and fundamental analysis.
For today’s GBP/USD fundamental analysis, the market is set to be influenced by key economic data releases from both the US and the UK. In the US, the Consumer Price Index (CPI) and Core CPI reports will be closely monitored as they provide critical insights into inflation trends and the Federal Reserve's next moves on interest rates. Strong CPI data could boost the USD by signaling a higher probability of continued monetary tightening. On the UK side, the Gilt Auction results will offer clues about investor confidence and borrowing costs, which could impact the Pound's strength. The combination of these events sets the stage for significant volatility, with inflation, bond yields, and monetary policy expectations driving the GBP/USD forecast today.

Chart Notes:
• Chart time-zone is UTC (+02:00)
• Candles’ time-frame is 4h.
The GBPUSD H4 chart highlights an ascending channel, suggesting Cable’s bullish bias in the short to medium term. The price is trading near the upper boundary of the channel, indicating potential resistance at these levels. The Parabolic SAR confirms this trend, with its dots aligning below the candles, supporting continued upward momentum. However, the RSI stands at 59.25, reflecting neither overbought nor oversold conditions, but signaling caution as the pair’s price action approaches resistance. A breakout above the channel could trigger further bullish moves, while a reversal might prompt a retest of lower support zones. Traders should watch for confirmation before acting.

• 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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