Daily Market Forecast By Capitalcore

[Capitalcore]

USDJPY Forex Pair Resistance Levels and Correction Forecast

The USD-JPY forex pair, also known as the "Gopher," represents the exchange rate between the US Dollar and the Japanese Yen. This pair is a widely traded currency pair reflecting economic relationships and market sentiment between the US and Japan. Today's upcoming news includes important releases from the US NFIB Small Business Index and consumer credit figures from the Federal Reserve, indicating economic health and consumer confidence. A positive reading in these indicators typically strengthens the USD. Meanwhile, from Japan, key data include bank lending figures, the adjusted current account, and the Eco Watchers Current Index from the Ministry of Finance and Cabinet Office, respectively, which indicate consumer and business confidence. Positive results can strengthen the Yen, creating potential volatility and trading opportunities in USD/JPY.

Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Analyzing the USD-JPY H4 chart, after testing the upper resistance line of the ascending channel, the price appears poised for a correction before potentially retesting resistance levels. Bollinger Bands have widened, signaling increased volatility and supporting the likelihood of a price correction. If a correction occurs, the middle line of the channel could serve as support. The Relative Strength Index (RSI) indicates overbought conditions, suggesting potential bearish momentum. Meanwhile, the MACD histogram bars are diminishing, hinting at decreasing bullish strength, which further confirms the likelihood of a short-term correction.

•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]

ND100 H4 chart signals new breakout level

The Nasdaq 100, also known as ND100 or the US Tech Index, represents the top 100 non-financial companies listed on the Nasdaq exchange, making it a popular instrument in Forex and CFD trading. Renowned for its volatility and tech-driven composition, it often reacts strongly to U.S. economic data and Federal Reserve announcements. Today, traders are closely watching the Nasdaq 100 as several impactful U.S. fundamentals are due for release. The spotlight is on Initial Jobless Claims, where a lower-than-expected figure would support the USD and possibly pressure ND100. Additionally, three FOMC speakers—Musalem, Waller, and Daly—are scheduled to discuss the economic outlook, and any hawkish tone could hint at tighter monetary policy, reinforcing the dollar and possibly leading to a short-term dip in equities. Secondary data, including Natural Gas Storage and the 30-Year Bond Auction, may influence risk sentiment, but labor data and Fed commentary are expected to drive the main price action in ND100 trading today.

Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Technically, the ND100 is maintaining a strong bullish trend on both short- and long-term timeframes, currently hovering near its all-time high (ATH). As shown on the H4 chart, price action is steadily climbing along the ascending trendline, with candles moving in the upper half of the Bollinger Bands, frequently touching the upper band, indicating sustained buying pressure. Immediate support lies around 23,000 and 22,800, with 0.236 Fibonacci retracement level (22,344). The Williams %R indicator is at -17.01, entering overbought territory, which may signal a potential short-term consolidation or pullback, especially if today's fundamentals trigger a shift in sentiment. However, overall market structure remains bullish, and if the price breaks above the current resistance zone, it could pave the way for a new all-time high, reinforcing the Nasdaq 100 ND100 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.

Capitalcore

 

[Capitalcore]

GBPUSD Price Action Analysis on 4H Chart

The GBP/USD currency pair, known as "Cable," is one of the most actively traded pairs, reflecting the economic dynamics between the UK and the US. Today, the UK releases key macroeconomic data including GDP, Manufacturing and Industrial Production, GVA, Construction Output, and Trade Balance—each a vital indicator of economic strength. Stronger-than-expected figures are bullish for the pound, potentially driving GBPUSD higher. Meanwhile, the US Treasury Budget report may influence dollar sentiment, especially if it signals widening deficits. Together, these releases are likely to impact GBPUSD’s price action with increased volatility and directional momentum in today's session.

Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
On the GBPUSD H4 chart, the pair remains in a long-term bullish trend but has recently corrected into a short-term bearish channel. Price dropped from the 0% Fibonacci level through 0.236 and briefly touched 0.382, aligning with the rising trendline support, which held firm on two tests. It’s now consolidating between 0.382 and 0.236 Fib levels, trading below the Bollinger Band midline after bouncing off the lower band. Volume shows fading bullish strength, and the last candle is red and short. The Williams %R at -49.53 signals market indecision. A breakout above 1.36117 or below 1.35259 will likely confirm the next directional move.

•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]

Nikkei 225 Trendline Retest Analysis and Targets

Nikkei 225, commonly referred to as JAP 225, is a prominent stock market index representing the top 225 publicly traded companies on the Tokyo Stock Exchange, often nicknamed "Nikkei." For forex traders, the Japanese Yen (JPY) is closely monitored alongside Nikkei 225 movements, particularly in currency pairs. Today's fundamental analysis revolves around crucial upcoming economic indicators from Japan. The Cabinet Office is releasing the latest Machine Orders data, a significant leading indicator of manufacturing activity. METI is also providing fresh insights on Industrial Production and the Tertiary Industry Activity Index, both serving as barometers of Japan's overall economic health. Higher-than-expected readings in these indicators could bolster confidence in Japan’s economic recovery, positively impacting JPY strength and potentially influencing bullish sentiment for Nikkei 225, highlighting a positive market reaction due to robust production and business service activities.

Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Analyzing the uploaded H4 chart, the Nikkei 225 index shows a notable long-term uptrend line currently undergoing a corrective phase. Price action has approached this trend line, finding initial support and suggesting the possibility of a continuation of the upward trajectory. Given the strength of current momentum, it appears unlikely that the trend line will be decisively broken on the initial attempt, suggesting potential retests before a confirmed breakdown towards the 38,800 support area. Conversely, if bullish momentum resumes, supported by technical indicators such as Bollinger Bands indicating a tightening range and Parabolic SAR signaling potential trend reversals, the uptrend could target Fibonacci extension zones around 40,250 initially and subsequently 40,750. RSI remains moderately positioned, reflecting balanced market sentiment and potential for sustained bullish or bearish developments based on upcoming 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]

USD-CAD bullish trend or breakout scenario

The USD/CAD forex pair, also known by its popular nickname the "Loonie," represents the exchange rate between the US Dollar and the Canadian Dollar. As a commodity-sensitive pair heavily influenced by oil prices and interest rate differentials, USDCAD often reacts strongly to economic data releases and central bank speeches from both nations. This makes it a vital focus for traders looking at daily chart technical and fundamental analysis to capture mid-term price action moves. Today, USD fundamentals dominate the landscape with multiple Federal Reserve speakers (Bowman, Barr, Barkin, Collins) scheduled to speak, potentially offering hawkish clues that could support the dollar. Meanwhile, traders also digest recent CPI data, reinforcing expectations for the Fed's careful inflation-containment strategy, which could drive US yields higher and underpin USD strength. For the CAD, no major releases today shift focus to oil markets and global risk sentiment. Consequently, any more hawkish-than-expected rhetoric from Fed officials could fuel upside momentum for USD/CAD, while the Loonie remains vulnerable without fresh supportive domestic data. This sets the stage for key technical interactions on the USD CAD daily and H4 charts.

Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Looking at the USD/CAD H4 chart technical analysis, we observe that candles have been in a gradual bullish trend since July 3, consistently gravitating toward the rising support line. The Parabolic SAR dots are positioned above the candles, hinting at lingering bearish pressure despite the upward channel. The RSI indicator at 57.84 level, suggesting mild bullish momentum but not yet overbought. Meanwhile, the MACD shows the MACD and signal lines touching, with a slightly negative histogram turning faintly green on the last bar—pointing to indecision. Overall, the price is at a crucial juncture: it may soon touch the support line to bounce and continue its bullish price action, or break below, potentially entering a side or bearish phase. Traders watching the USD/CAD H4 chart will closely monitor these signals combined with today’s fundamental drivers to gauge the next direction.

•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]

S&P 500 Price Action Targets Upper Bollinger Band

The US500, widely known as the S&P 500, is a key forex pair representing the strength and economic health of the United States, often referred to by traders as "SPX" or "S&P." Today, the index faces significant fundamental influences from several critical economic indicators, including Retail Sales, Jobless Claims, and speeches from influential Federal Reserve officials like John Williams and Adriana Kugler. Hawkish commentary from these speakers would typically bolster the USD, indirectly affecting the S&P 500 due to shifts in monetary policy expectations. Positive retail sales data and lower-than-expected jobless claims will likely support bullish market sentiment, reflecting increased consumer spending and robust employment conditions, respectively, further contributing to optimism surrounding the S&P 500.

Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Analyzing the technical outlook of the S&P 500 H4 chart reveals that after breaking above the 6112 resistance level, the price has entered into a sideways consolidation phase. Currently, the price struggles with the midline of both the Bollinger Bands and the horizontal channel. Given the preceding bullish movement, the technical bias suggests a higher probability of the price action continuing its upward trajectory rather than reversing. The immediate price action target lies at the upper Bollinger Band, coinciding with the upper boundary of the consolidation channel. The Bollinger Bands indicate potential volatility expansion, while the MACD histogram approaching neutrality reflects indecision and consolidation. Additionally, the Stochastic indicator, rising from oversold territory, signals a possible bullish continuation, supporting the expectation of further upward price action.

•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]

EUR/USD Correction Phase and Fibonacci Retracement Levels

The EURUSD currency pair, often nicknamed the "Fiber," is the most widely traded forex pair globally, representing the Eurozone's euro against the United States dollar. Today's fundamental outlook for EUR-USD is influenced by significant upcoming events, including the US Treasury International Capital (TIC) data, Federal Reserve Governor Christopher Waller's speech, US building permits, housing starts, and the University of Michigan consumer sentiment and inflation expectations surveys. Stronger-than-expected TIC and housing data could strengthen the USD, while a hawkish tone from Waller's speech could further support dollar strength. Conversely, the euro is affected by the European Producer Price Index (PPI), Eurozone Current Account data, and crucial speeches from ECB officials at the G20 meeting. Hawkish comments or higher-than-expected economic indicators from the Eurozone would provide bullish momentum for the euro.

Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Analyzing the EUR/USD H4 technical chart reveals the pair entered a corrective phase after a significant bullish price action. Currently, EUR vs. USD is testing a crucial support zone near the 0.236 Fibonacci retracement level, making this area a key battleground for buyers and sellers. The appearance of long lower candle shadows suggests price instability and possible bullish rejection at these levels. However, as long as price action remains beneath the descending resistance trendline, the correction phase could extend further downward. The stochastic oscillator indicates an oversold condition, signaling potential bullish momentum soon, while the Williams %R indicator confirms an oversold scenario, suggesting a potential bounce back if buyers re-emerge.

•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]

GOLD/USD Price Action Consolidates Before Breakout

XAU/USD, also known as "Gold," is a key safe-haven asset in the forex market, often sought during times of economic uncertainty and inflationary pressure. As a non-yielding commodity, it moves inversely to the US Dollar and interest rate expectations. Today, traders are eyeing the US Conference Board Leading Economic Index (CB LEI), which, while typically having a muted impact due to prior component releases, still provides insights into overall economic momentum. A better-than-expected reading could strengthen the USD, applying downward pressure on gold prices, while a weaker print may offer bullish support to gold. With no other high-impact US data due, market participants will be focusing on technical levels and potential breakout setups on the GOLD/USD chart. As gold remains sensitive to macroeconomic indicators, even mild surprises from this report could act as a short-term catalyst.

Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Technically, XAU/USD is trading within a symmetrical triangle on the H4 chart, with the upper boundary descending from May 7th and the ascending support line starting from May 15th. Price is nearing the triangle apex, signaling a potential breakout. Although the long-term trend remains bullish, the short-term action has been consolidative with a slightly bearish tilt. The last three red candles are heading toward the upper Ichimoku cloud, while the cloud’s lower band is flat, showing neutral momentum. Candles are still positioned above the cloud, maintaining a bullish structure. Price is also trapped between the 0.786 and 0.618 Fibonacci levels, indicating strong resistance and support zones. The Connors RSI at 28.34 suggests an oversold condition, possibly hinting at a short-term bounce or reversal if bulls regain control.

•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 Breakout or Pullback? Critical Levels in Focus

Bitcoin (BTC/USD), often referred to as "Crypto Gold," is the leading cryptocurrency that represents a decentralized digital asset and a store of value. As the price fluctuates, Bitcoin remains a key focus for both investors and traders, influencing the broader crypto market. In the current market, Bitcoin is showing a new wave of bullish movement despite short-term bearish corrections. The price has been hovering above the Ichimoku Cloud since the new all-time high (ATH) on July 14th, maintaining momentum above the support at 116,000. While the market shows short-term indecision, Bitcoin's overall trend remains bullish, especially with the recent price action showing bullish signals. Today, various economic releases such as the API Weekly Statistical Bulletin and the National Association of Realtors' home resale data will influence the USD, possibly providing volatility for the BTC-USD pair.

Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
The Bitcoin chart reveals a continuation of upward pressure, with recent price action suggesting a consolidation within an orange channel, indicating a short-term correction. The lower boundary of this channel near 116,000 is acting as strong support, and the upper boundary is now facing a potential resistance level. The Ichimoku Cloud continues to show bullish signals, with the candles moving above the cloud, although a potential resistance at 120,500 may pose a challenge. The CRSI (Connors RSI) indicator is at a high value of 78.48, suggesting that Bitcoin is in overbought territory, which could lead to a pullback before further movement upwards. The bullish long-term trend line remains intact, but caution should be observed in the short term due to the resistance levels 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

 

[Capitalcore]

GBPUSD technical analysis with Ichimoku and MACD

The GBP/USD currency pair - commonly referred to by traders as “Cable”- is one of the most actively traded pairs in the forex market, representing the British pound against the US dollar. As a key barometer of transatlantic economic health, this pair is heavily influenced by both macroeconomic releases and geopolitical developments. Today’s focus is on the Confederation of British Industry's distributive trades survey and a major geopolitical shift between the US and EU.
Fundamentally, the GBP USD pair faces mixed momentum. The UK's CBI Distributive Trades Survey will be closely watched today, offering insights into consumer spending and retail activity. If the actual result exceeds expectations, it could offer short-term support for the pound. However, overriding this is a major geopolitical development: the US and EU have reached a deal to impose a 15% tariff on most EU exports, successfully avoiding a full-scale trade war. This agreement includes a massive $600 billion EU investment in the US, greater EU energy and defense purchases, and sustained high tariffs on US steel and aluminum. While this strengthens USD sentiment due to favorable US terms, it could pressure the pound amid uncertainty over how this deal may affect UK-EU-US trade relationships. Overall, the fundamental outlook for GBP/USD leans bearish, with downside risk persisting unless UK retail data strongly outperforms.

Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Technically, the GBP/USD H4 chart shows a clear bearish structure, confirmed by price action and indicators. The Cable price is currently moving between the 1.0 and 0.786 Fibonacci retracement levels, hovering just above a critical support zone around 1.34000, which aligns with the lower boundary of a descending triangle pattern. This level has acted as strong support multiple times historically and remains crucial. The GBP-USD price broke below the Ichimoku Cloud last week, with the green cloud thinning and showing a flat bottom, typically signaling weak bullish momentum and increased risk of further decline. The orange bearish trendline continues to cap upward moves, with 9 of the last 10 candles being bearish, showing consistent selling pressure. Indicators confirm this trend: the %R is deeply oversold at -91.34, and the MACD is bearish, with widening histogram bars and a fresh cross below the signal line. Resistance stands at 0.786 retracement (around 1.34717). A confirmed break below 1.34000 could open the path toward the 1.33390 area, while any bullish bounce will likely be limited by strong resistance zones.

•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