Daily Market Forecast By Capitalcore

GBPCAD Forecast: Impact of BOE Discussions Today

GBPCAD, a forex pair that tracks the British Pound (GBP) against the Canadian Dollar (CAD), has its daily news analysis influenced by both the UK’s economic developments and Canada’s energy-driven economy. Often referred to as a "cross pair," GBPCAD is particularly sensitive to events from both the Bank of England (BOE) and the Bank of Canada (BOC). Today’s focus includes BOE Deputy Governor Sarah Breeden's and Governor Andrew Bailey's participation in discussions at the IMF and World Bank meetings. Any hints on future monetary policy or rate decisions may provide volatility for the GBP, impacting the GBP/CAD forecast. In parallel, traders should keep an eye on Canada's monetary outlook, as any signals from the BOC can influence the CAD's value, affecting this pair’s fundamental outlook.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
The GBP/CAD H4 chart indicates that the pair’s price action has shown some volatility recently. The Bollinger Bands reveal that the last five candles have transitioned from the lower band towards the middle band, suggesting a short-term bullish correction. Out of these candles, three were bullish, but the recent two candles have turned bearish after touching the middle band. This indicates a rejection from the middle band and the persistence of bearish pressure. The widening of the bands suggests increased GBPCAD volatility, while the RSI remains neutral, hovering around the 50-level, indicating indecision and potential further price action testing the middle Bollinger Band.

• 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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GBPCAD Forecast: Impact of UK Inflation Data

The GBP/CAD currency pair, often referred to as "The Beast" due to its volatility, involves the British Pound (GBP) and the Canadian Dollar (CAD). This pair’s news analysis is influenced by both the UK's macroeconomic factors and the price of oil, which impacts the Canadian economy heavily. With today's upcoming news on the UK’s Consumer Price Index (CPI) and Producer Price Index (PPI), both of which are key inflation indicators, traders are likely to monitor how these reports could affect the Bank of England's stance on monetary policy. If the actual figures come in higher than expected, the GBP could see a boost due to potential interest rate hikes aimed at controlling inflation. On the CAD side, data from Canada’s housing sector and manufacturing sales will also be significant, as strong numbers here could bolster the Canadian dollar.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
As for the pair’s technical analysis, examining the GBP/CAD H4 chart and the MACD indicator highlights its recent price movements. The last five candles have moved from the lower part of an upward channel towards the middle, showing three consecutive green candles followed by two red ones. This shift suggests a weakening of the GBPCAD bullish trend. The MACD indicator is also showing signs of bearish momentum, as the lines converge, and the histogram reflects decreasing upward momentum. The overall pattern suggests that while the price has pulled back slightly, it remains within the channel and could either continue downwards or find support for a bullish rebound depending on upcoming economic data.

• 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

DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes.

EUR/USD Forecast: Impact of Fed and ECB Policies

The EUR/USD forex pair, often referred to as "Fiber," is one of the most liquid and widely traded currency pairs in the world, reflecting the economic relationship between the Eurozone and the United States. Traders closely watch both the European Central Bank (ECB) and the Federal Reserve for monetary policy decisions that impact this pair. Today, EUR news from Destatis on the trade balance is expected to influence the EURUSD market sentiment, as a positive number could boost the Euro. Meanwhile, a series of speeches from key Federal Reserve members, including Philip Jefferson and Raphael Bostic, could provide insights into the future direction of U.S. interest rates, with any hawkish tone likely to support the USD, putting pressure on the Fiber’s exchange rate.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
In the uploaded EUR/USD H4 chart, the MACD shows signs of the pair’s weakening bearish momentum, as the histogram bars have reduced in size, signaling a possible shift in its market sentiment. Although the MACD line remains below the signal line, the reduction in downward pressure indicates that the bearish trend might be slowing down. Additionally, the Stochastic RSI is in overbought territory, suggesting that the recent upward correction may be nearing exhaustion, and a potential reversal to the downside could be on the horizon. Together, these indicators point to a cautious EUR/USD technical outlook, with the possibility of a bearish continuation if overbought conditions persist.

• 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

USD/CAD Bullish Momentum on H4 Chart

The USD CAD currency pair, also known as the "Loonie," represents the exchange rate between the US dollar (USD) and the Canadian dollar (CAD). As a major forex pair, it is influenced by a variety of economic factors from both countries, including energy prices, monetary policies, and economic data releases. The Loonie pair is often traded by investors looking to capitalize on the strength or weakness of the US dollar relative to the Canadian dollar, with a particular focus on macroeconomic trends and oil price fluctuations.
Today's economic calendar includes significant data releases such as the US Non-Farm Payrolls (NFP) and Unemployment Rate, which are likely to have a strong impact on USD performance. An increase in NFP or a lower-than-expected Unemployment Rate would bolster the USD, potentially pushing USDCAD price higher, while weaker-than-expected data could weigh on the currency. Meanwhile, Canada’s Ivey PMI, a key gauge of business conditions, is also in focus. A stronger-than-forecast reading from the PMI would be bullish for the CAD, potentially limiting any USD strength. Additionally, hawkish comments from John Williams of the Federal Reserve could boost the dollar as traders anticipate tighter monetary policy in the future. All these factors create a high level of volatility in the USD/CAD market, making today a key moment for traders of the pair.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
On the technical side, the USD/CAD H4 chart shows a clear bullish trend, with 8 of the last 10 candles closing in the green. The price is currently testing the 0.382 Fibonacci retracement level at 1.35534, with bullish momentum pushing towards higher levels. The MACD histogram is showing increasing bullish momentum, and the MACD lines are in the process of a bullish crossover, signaling continued upward pressure. The Awesome Oscillator (AO) is also positive, reinforcing the bullish sentiment. The USD/CAD price is trading within a rising channel, indicating a steady uptrend, and if it breaks through the 0.382 Fibonacci level, the next resistance is likely at the 0.236 level around 1.35800. Overall, the chart signals potential further upside, but the 1.35534 level remains a crucial hurdle for bulls to overcome.

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

GBP/USD Forecast: Downside Risk as Channel Breaks


The GBP/USD pair, commonly known as “Cable,” is one of the most traded forex pairs in the global currency market, representing the British Pound and the US Dollar. Traders focus on key economic data from both countries, as the pair reacts strongly to macroeconomic indicators, central bank actions, and geopolitical developments. This currency pair’s movement is often influenced by the monetary policies of the Federal Reserve (Fed) and the Bank of England (BoE), making it sensitive to both economic news and interest rate decisions. The GBP/USD fundamental outlook today will as always be highly impacted by today’s key releases from the US, including the ADP employment report, which gives early insights into job creation before the official US government data. A stronger ADP report would favor the US Dollar, leading to potential bearish pressure on the GBP/USD trading environment. Additionally, speeches by various Federal Reserve members, such as those from the Cleveland and St. Louis branches, could shed light on future interest rate policies. Any hawkish commentary would strengthen the dollar, putting further downward pressure on the pair. For the GBP side, the market will closely watch the BoE’s recent stress test results to gauge financial stability, which could affect the pair’s volatility.
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Chart Notes: 
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Looking at the GBP/USD H4 chart, the price has been moving in a channel, but its recent price action shows a break of the channel’s lower boundary. The last five candles reflect a transition from a bullish momentum (green candles) to a bearish reversal (red candles). the Ichimoku cloud (Kumo) is showing signs of potential GBPUSD bearish pressure. The price has broken below the upward channel and is now testing the lower boundary of the cloud, indicating a shift in momentum. The cloud itself is relatively thin, suggesting that the current support level is weak. The stochastic oscillator shows oversold conditions, suggesting that although there is bearish momentum, a corrective pullback might be expected soon. Further downside could see the pair targeting support levels near the 1.3200 area.

•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

EUR/USD H4 Chart Bullish Momentum Analysis

The EUR/USD forex pair, often referred to as "Fiber," is the most traded currency pair globally, representing the exchange rate between the Euro (EUR) and the US Dollar (USD). The pair's performance is highly influenced by economic releases and geopolitical factors from the Eurozone and the United States, making it a key indicator for global market trends. With a multitude of events set to impact the pair today, traders are closely monitoring both European and U.S. developments, such as inflation data and central bank remarks, to gauge future price movements.
Today's EUR USD outlook is shaped by several key factors. For the Euro, traders will focus on the Import Price Index and Consumer Price Index (CPI) reports from Germany and Italy, both critical indicators of inflation. If these metrics exceed forecasts, they would signal rising inflationary pressures, potentially prompting the ECB to take a more hawkish stance, boosting the Euro. Furthermore, ECB President Christine Lagarde's speech could provide insights into future monetary policies, adding potential volatility to the Euro. On the U.S. side, Michelle Bowman's and Jerome Powell's speeches are pivotal as traders look for clues regarding future interest rate hikes. Any signs of hawkishness from Federal Reserve officials could strengthen the U.S. Dollar, especially if coupled with positive results from the Chicago PMI.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
The EUR/USD H4 chart reveals a bullish price trend channel, with several alternating bearish and bullish candles. Currently, the EUR USD pair is situated between the 0.382 and 0.236 Fibonacci retracement levels, suggesting ongoing upward momentum. The recent two green candles confirm bullish sentiment, and the price is close to breaking above the 0.236 Fibonacci level, which if successfully breached, could lead the price toward the 0.0 Fibonacci level near 1.12150. The RSI hovers slightly above 50, suggesting a moderate bullish bias. Meanwhile, the MACD indicator shows flattening momentum, with the signal line close to crossing above the histogram, implying potential consolidation before a further upward move. Overall, the fiber’s technical indicators align with the view that a sustained move above 1.1180 could trigger further gains.

• 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

• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.

USDCHF Bullish Outlook with Strong Economic Data

The USD/CHF currency pair, commonly referred to as the "Swissie," represents the exchange rate between the US Dollar (USD) and the Swiss Franc (CHF). This pair is influenced by global economic events and interest rate differentials between the US and Switzerland. Today’s market focus is on upcoming US economic data releases and Federal Reserve statements, which are expected to impact the USD. With US Federal Reserve Governor Adriana Kugler due to speak about the economic outlook, traders are watching for any signs of hawkish policies that could support the USD. Additionally, key economic indicators like the GDP data and jobless claims are expected to provide a clearer picture of US economic health. If these releases come out stronger than forecast, the USD could see a bullish reaction, lifting USD/CHF higher. Meanwhile, the Swiss National Bank’s previous stance on maintaining strict monetary policies provides ongoing support to CHF, but attention remains on future SNB meetings for potential policy shifts.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
In the uploaded H4 USD/CHF chart, technical indicators support a bullish outlook. The price has shown a sharp upward trend with five consecutive bullish candles, bouncing from the lower Bollinger Band and approaching the upper band, which aligns slightly above the 0.786 Fibonacci retracement level. The current price lies between the 0.618 and 0.786 Fib levels, indicating that it is testing resistance. Bollinger Bands suggest expanding volatility, while the MACD histogram shows an increasing bullish momentum with the lines crossing into positive territory, signaling potential for further upside. Traders should monitor whether the price breaks above the upper Bollinger Band, which could signal continuation, or if it meets resistance near the 0.786 Fib 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.

Capitalcore

EURGBP H4 Technical Analysis: Bearish Trend in Focus

The EURGBP currency pair, often referred to by traders as "Chunnel" or the "Euro-Pound," represents the exchange rate between the Euro and the British Pound. Euro-Pound price is influenced heavily by macroeconomic data from both the Eurozone and the United Kingdom. For today, Euro news includes the Producer Price Index (PPI) and Consumer Confidence Index, both serving as important indicators of inflation and economic sentiment. ECB President Christine Lagarde's speech at the Michel Camdessus Central Banking Lecture could also provide key insights into future monetary policy, which may influence the Euro. On the UK side, news surrounding consumer confidence and retail sales will be critical in shaping market sentiment. With both regions facing inflationary pressures, today's data releases and speeches are expected to heighten volatility in the EURGBP pair.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Analyzing the EURGBP H4 chart, we can observe that the pair has been in a bearish trend, with four bullish candles out of the last eleven. The price has declined from the upper Bollinger Band to the middle band and touched the lower band, indicating increased volatility. After bouncing off the lower band, the last two candles have turned bullish, suggesting a potential short-term recovery. Currently, the Chunnel’s price is trading between the 1.0 Fibonacci level and the 0.786 level, highlighting a potential area of support. The RSI stands near the oversold zone, signaling that the bearish momentum may be weakening, and a bullish reversal could be imminent. Traders should watch for the price movement between these critical Fibonacci levels and observe the RSI for any divergence, which could provide further confirmation of a 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.

Capitalcore

USD/CAD Current Market Overview


USD/CAD, also known as the “Loonie,” reflects the exchange rate between the U.S. dollar and the Canadian dollar. The pair has recently shown signs of bullish momentum, but this trend is beginning to lose steam, as evidenced in the latest price action. The chart displays a gradually weakening upward slope, suggesting that buyers might be losing control. Today, both the U.S. and Canadian economies are expected to release significant data, including U.S. housing starts and the Federal Reserve’s statement on interest rates, which could cause volatility. Additionally, the Bank of Canada (BoC) is expected to release the Summary of Deliberations, adding more potential for movement in the pair.
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 Chart Notes: 
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Technically, the Relative Strength Index (RSI) has broken out of its bullish structure, indicating a possible shift toward bearish sentiment. Meanwhile, the Moving Average Convergence Divergence (MACD) is showing signs of a bearish wave potentially forming, with the MACD line approaching the signal line from above. Given the fundamental backdrop, including crude oil inventory reports, interest rate decisions, and projections, these indicators suggest caution for traders as a potential downturn may follow in the coming sessions.

• DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore Ltd”. This post has been published only for educational purposes.

Capitalcore

USDCAD H4 chart technical overview today

The USDCAD forex pair, often referred to as the "Loonie," is a popular currency pair that represents the exchange rate between the US Dollar (USD) and the Canadian Dollar (CAD). As a commodity-based currency, the Canadian Dollar is closely tied to oil prices, while the US Dollar's strength is influenced by macroeconomic factors. The upcoming CAD news, especially from Statistics Canada and CMHC regarding housing starts and consumer price indexes, is expected to drive volatility, especially since inflation and construction are key economic indicators.
From a fundamental perspective, the Canadian Dollar could strengthen today if housing starts data and inflation reports exceed forecasts, signaling a robust economy. On the USD side, traders will focus on retail sales and manufacturing production figures, which are key to gauging US consumer demand and inflationary pressure. If US data underperforms while Canadian data impresses, this may tilt the USDCAD pair toward further CAD gains.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Analyzing the USDCAD H4 chart, several technical indicators provide insights. The price has been in a slightly bullish trend, consolidating within the upper half of the Bollinger Bands, indicating upward momentum. The MACD histogram is showing a positive divergence, suggesting slight bullish pressure. The price is currently between the 0.236 and 0 Fibonacci retracement levels, hinting at potential resistance. However, if the bullish candles continue to dominate, a breakout above the 0.236 Fib level could push the pair higher.

• 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

USDJPY bearish trend continues on H4 chart

USD/JPY forex pair, also known as the "Gopher," is one of the most traded forex pairs globally, reflecting the relationship between the U.S. dollar and the Japanese yen. The pair is highly sensitive to market sentiment, risk appetite, and economic developments in both the U.S. and Japan. Today’s economic landscape is shaped by the upcoming release of the New York Manufacturing Index from the U.S., which serves as a leading indicator of economic health. If the actual index is higher than forecasted, it will support the dollar, signaling improving business conditions. However, due to the closure of Japanese banks for Respect-for-the-Aged Day, market liquidity could be low, leading to irregular volatility and a higher influence of speculators.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Analyzing the USD/JPY H4 chart, the price is currently trading below the Ichimoku cloud, indicating bearish momentum. The cloud has widened, suggesting the potential for a stronger downtrend, though the last four candles show a slight bullish correction. The price is fluctuating between the 0.786 and 1 Fibonacci levels, having corrected slightly after touching the 1 level. The MACD shows a weak bullish divergence, but the histogram remains negative, signaling that any bullish momentum may be short-lived. Overall, the trend remains bearish, and further declines are expected after this minor 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

EURUSD H4 Chart Analysis with MACD and Fibonacci

The EUR/USD forex pair, often referred to as "Fiber," is one of the most actively traded currency pairs in the forex market, representing the economies of the European Union and the United States. Its liquidity and volatility make it a favorite among traders, especially during times of major economic releases from either region. Today, key European and US data, such as the Eurozone Wholesale Price Index and the US Producer Price Index (PPI), will be the focal points, offering insights into inflationary pressures in both economies. Higher-than-expected PPI or Wholesale Price Index results could signal potential price increases passed on to consumers, impacting inflation and potentially affecting ECB or Fed rate decisions.
Fundamentally, the euro currency may see significant movement today, driven by the Wholesale Price Index (WPI) in the Eurozone and unemployment data from Istat, both of which indicate the broader economic health. Rising wholesale prices could further strain inflationary pressures, making the ECB's monetary policy increasingly important. On the US side, PPI data is crucial as it could signal inflationary changes, prompting traders to look for clues about the Fed’s future rate hikes. With the recent ECB decisions on rates and the looming US data, volatility is expected, especially if the data deviates significantly from forecasts.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
The EUR/USD H4 chart displays a clear downtrend, as the price has been consistently bearish over the past four candles. It has descended from the upper Bollinger Band and is now hovering between the middle and lower bands, indicating increasing bearish pressure. The Bollinger Bands have widened slightly, suggesting potential for further price movement, with volatility picking up. The Fibonacci retracement levels show that the price is fluctuating between the 0.382 and 0.5 levels, highlighting a potential support area near the 1.09116 level. However, the MACD indicator shows bearish momentum, as the histogram bars are increasing in the negative region, signaling that the price could continue its downward movement.
As the Fiber price approaches the lower bands and key Fibonacci levels, traders should watch for a break below the 1.09116 level, which could trigger further selling pressure. However, a reversal near the middle Bollinger Band could suggest consolidation or potential bullish recovery if it holds support at the 0.5 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.

Capitalcore

Bearish Pressure Mounts on EUR/GBP

The EUR/GBP, often referred to as the "Chunnel," represents the exchange rate between the Euro and the British Pound, two of Europe's most widely traded currencies. Currently, this pair is facing bearish pressure as it tests a descending trendline on the H4 chart. MACD signals are weakening, with the histogram declining and the signal line converging near the MACD line. Additionally, the RSI stands at 56.59, showing a neutral position but with a declining bullish slope. The recent price action hints at the potential for a bearish wave if the bullish trendline below the current price of 0.84422 fails to hold.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Upcoming economic data for both the Eurozone and the UK are key factors that could shift the market's predictions. With German Final CPI expected at -0.1% and UK employment data, including the Claimant Count Change and Unemployment Rate, traders should watch closely. A break below the bullish trendline could lead to increased bearish momentum, favoring sellers, while a hold above this level might provide temporary support for the bulls, though technical indicators currently suggest a bearish 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.

Capitalcore

NZDUSD Price Action Breaks Key Fibonacci Level

The NZDUSD, commonly referred to as the “Kiwi,” is a major forex pair consisting of the New Zealand Dollar (NZD) and the United States Dollar (USD). As a commodity currency pair, NZD/USD is influenced by global economic trends, commodity prices, and interest rate differentials. The pair is popular among traders for its liquidity and the potential for high volatility, often responding sharply to economic data and geopolitical developments.
Today’s key economic events could significantly impact the NZDUSD pair, particularly any updates related to New Zealand's trade balance, which plays a critical role in the currency's valuation. Positive data from New Zealand could strengthen the Kiwi, while any negative sentiment from the US market could drive the NZD USD forex pair lower. Additionally, any changes in the Federal Reserve’s stance on interest rates could also lead to volatility, as traders assess the future path of monetary policy in the US. Market participants will closely monitor these developments, which could set the tone for short-term price movements in the NZDUSD forex pair.
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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
The H4 chart of NZDUSD displays a clear bearish trend, with 13 out of the last 19 candles being bearish, including the most recent one. The price has moved from the upper Bollinger Band towards the middle band and then to the lower band, where it is currently hovering, indicating strong selling pressure. The expansion of the Bollinger Bands suggests increasing volatility, supporting the downward movement. The price has recently broken below the 0.236 Fibonacci retracement level and is now between the 0.382 Fibonacci level, highlighting a significant retracement from its recent highs. The RSI indicator is trending below 50 and approaching oversold territory, currently around 33.18, suggesting that while the bearish momentum is strong, there might be a potential for a short-term correction or consolidation before continuing its downward trajectory.

• 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