Daily Market Forecast By Capitalcore

[Capitalcore]

EURGBP H4 Trading Strategy and Price Action Forecast

The EUR/GBP forex pair, also popularly known as "Chunnel," represents the Euro against the British Pound and is a significant indicator of the economic relationship between the Eurozone and the United Kingdom. Today's upcoming economic news highlights the ZEW Economic Sentiment from Germany and Eurozone industrial production figures, providing critical insights into investor confidence and manufacturing health in the Euro area. Positive outcomes in these reports could potentially strengthen the Euro against the Pound. Meanwhile, the British Pound faces pivotal labor market data releases, including average earnings, claimant count, and unemployment rate figures from the Office for National Statistics. Favorable UK labor statistics could lend strength to GBP, making today's session highly volatile and pivotal for EUR/GBP price action.

Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Analyzing the EUR GBP H4 chart, the price is currently in an uptrend movement, testing a crucial support level. If bullish momentum sustains, the immediate resistance line ahead is likely the first target, followed by the latest swing high as the second target. The Bollinger Bands indicate the price is currently wrestling with the middle band, which serves as a dynamic moving average, placing the pair slightly below it—an indicator of potential consolidation or downward pressure. The Relative Strength Index (RSI) is hovering around the neutral 50 mark, indicating market indecision. Meanwhile, the MACD indicator currently shows a weakening bearish sentiment, suggesting the possibility of a bullish crossover soon if the price maintains support levels. Traders should closely monitor price action at these critical levels to confirm potential breakout or reversal signals.

•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]

AUD/CAD Consolidates Near Key Levels

The AUD/CAD forex pair represents the Australian Dollar against the Canadian Dollar, reflecting the economic interplay between two resource-driven economies heavily influenced by commodities and global demand. On the Australian side, traders are watching the Melbourne Institute’s Leading Index, which tracks shifts in consumer confidence, housing, and commodity prices, though its muted impact stems from reliance on previously released data. More attention, however, is on RBA Assistant Governor Brad Jones, who is scheduled to participate in a fireside chat on "The Future of Money," where any hawkish signals could support the Aussie. Meanwhile, Canada’s focus lies on foreign securities purchases data, a key measure of international capital inflows, and upcoming Bank of Canada events, including its interest rate decision and policy statement later this month. With both central banks in the spotlight and commodities driving sentiment, today’s session could see heightened volatility in AUD-CAD as traders weigh shifts in economic outlook and monetary policy direction.

Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Analyzing the AUD/CAD H4 chart, the pair recently pulled back from its highs around 0.9220 and is now consolidating near the 0.9180 level. The Ichimoku Cloud shows that price is still trading above the Kumo, reflecting an overall bullish structure, though momentum is being tested as candles hover close to the conversion and base lines. A sustained move above the blue Tenkan-sen could reignite bullish momentum, with resistance at the 0.9200–0.9220 zone as the immediate upside target. On the downside, a break below the red Kijun-sen may expose the top of the cloud around 0.9150 as the next key support. The RSI is sitting near 52, just above the neutral 50 level, highlighting market indecision and signaling that neither bulls nor bears have firm control. Traders should monitor whether AUDCAD holds above the Ichimoku support zone for a potential continuation higher, or whether weakening momentum leads to a deeper correction into the cloud.

•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]

Technical Indicators Suggest Gold Price Correction Incoming

XAU/USD, commonly known as Gold, is among the most traded forex pairs in the financial markets, renowned as a safe-haven asset especially during periods of economic uncertainty. Today, traders are closely watching several key economic indicators from the United States, including Initial Jobless Claims, the Philadelphia Fed Manufacturing Index, the Conference Board Leading Index, EIA Natural Gas Storage, and TIC Net Long-term Transactions. Stronger-than-expected data in these areas could bolster the USD, potentially weighing on gold prices. Conversely, weaker economic indicators could enhance Gold's appeal as a safe haven, pushing XAU/USD higher.

Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Analyzing the XAU/USD 4-hour chart, the pair has been trending bullishly, consistently setting higher highs and higher lows. However, a negative regular divergence has emerged in recent candles, signaling a potential reversal which has already begun. With key support identified at the level of 3634.52, the price action could see a pullback to this area. Conversely, bullish momentum recovery might lead prices toward the resistance level at 3699.04. The MACD indicator currently shows a bearish sentiment with the histogram at -2.05, the MACD line at -0.98, and the signal line at 1.08, suggesting weakening bullish momentum. The Stochastic indicator with K% at 35.07 and D% at 44.19 indicates an oversold market condition, possibly foreshadowing a near-term reversal upward. Bollinger Bands have expanded, reflecting increased market volatility, implying potential sharp price movements ahead.

•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