Daily Market Forecast By Capitalcore

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UK100 H4 faces key resistance test

The UK100, also commonly known as the FTSE 100 Index or "Footsie", is a benchmark index that represents the 100 largest companies listed on the London Stock Exchange. It is heavily influenced by both the GBP (British Pound) and global risk sentiment, making it a key player in UK100 daily chart technical and fundamental analysis as well as in broader price action studies. Today, fundamental factors center around the Confederation of British Industry’s (CBI) Distributive Trades Survey, a leading indicator of consumer spending. Should the CBI report a stronger-than-forecast sales level, it would bolster GBP strength and potentially weigh on the UK100, as a stronger currency often pressures export-heavy companies listed in the index. Conversely, a weaker result could weaken the pound and support the UK100 via improved exporter competitiveness. Traders should pay close attention to the actual release compared to forecasts, as surprises here can trigger volatility and sharp price action moves in UK100 daily chart technical analysis.

Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Turning to the UK100 H4 chart analysis, after breaking the uptrend line, the price reacted to the middle line of the Bollinger Bands and is currently heading toward the upper band and retesting the broken trend line, with a significant horizontal resistance at the 8482.38 level ahead. The Stochastic Oscillator shows a slight bearish crossover around the 70 zone, suggesting a potential loss of bullish momentum in the short term. Meanwhile, the RSI is sitting at around 63, indicating that the asset is not yet overbought but is approaching elevated levels. In the context of UK100 daily chart technical and fundamental analysis, if the price fails to break above the resistance and the broken trend line, a correction might be expected. Otherwise, a successful break could signal a continuation of the bullish 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.

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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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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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