Daily Market Forecast By Capitalcore

[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.

Capitalcore

 

[Capitalcore]

Bitcoin Price Action Suggests Upcoming Correction

The BTC/USD pair, known as "digital gold," represents Bitcoin valued against the US Dollar, making it one of the most actively traded cryptocurrency pairs in forex markets. Fundamental analysis for BTCUSD today is notably influenced by upcoming remarks from Federal Reserve Bank of Minneapolis President Neel Kashkari during a panel titled "Monetary Policy Challenges in an Uncertain Economy." Traders will closely monitor Kashkari’s comments, as a more hawkish stance could strengthen the USD, potentially exerting downward pressure on BTCUSD. Additionally, key economic indicators such as Durable Goods Orders and the House Price Index releases today could further impact USD sentiment and influence BTCUSD volatility.

Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Analyzing the BTC-USD 4-hour chart, Bitcoin has achieved a new all-time high (ATH), clearly surpassing its previous record. However, the significant energy required for BTCUSD to reach this new peak appears to have weakened the ongoing uptrend. This is evident from the clear divergence between price action and key oscillators. The Bollinger Bands have expanded but are now tightening slightly, suggesting volatility is beginning to contract, pointing toward potential sideways or corrective movements. The Stochastic Oscillator currently shows declining momentum, reinforcing the likelihood of a temporary correction. Additionally, the Relative Strength Index (RSI) has descended toward neutral territory, further supporting the view that BTCUSD may consolidate or correct briefly before resuming any upward 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

 

[Capitalcore]

FTSE100 Price Action Amid Economic News

The UK100_FTSE100, often called the "Footsie," represents the top 100 companies listed on the London Stock Exchange and serves as a significant indicator of the UK's economic health and market sentiment. Today's fundamental analysis highlights the impact of upcoming economic data from the US, including GDP figures, unemployment claims, and energy inventory reports from API and EIA, as these can directly influence global investor sentiment and subsequently affect the FTSE100. In the UK, key speeches from BOE Governor Andrew Bailey and Deputy Governor Sarah Breeden will be critical, with their potentially hawkish tones expected to influence GBP strength and investor sentiment towards UK equities.

Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Examining the provided UK100 H4 chart, the index has maintained a bullish price action since April, clearly passing through the Ichimoku cloud mid-April and remaining steadily above the green cloud. Although the Ichimoku cloud has recently become thinner, with its upper and lower bands flattening horizontally, the overall trend continues to indicate bullishness. The Moving Average Channel (MAC) suggests resistance at its upper blue line, as recent candles have touched this upper boundary, possibly signaling a short-term consolidation or pullback. Indicators such as the RSI and MACD support this bullish momentum but also indicate moderation in strength, suggesting cautious optimism in price movement.

•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