Daily Market Forecast By Capitalcore

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GBPUSD Ichimoku and Regression Channel Insights

The GBP/USD currency pair, commonly known as “Cable”, represents the exchange rate between the British Pound Sterling (GBP) and the US Dollar (USD). It is one of the most heavily traded forex pairs globally, reflecting the economic health, interest rate policies, and geopolitical dynamics between the United Kingdom and the United States. Today’s market sentiment around GBP USD is shaped by several key macroeconomic events. On the GBP side, traders are watching closely for remarks from Bank of England (BOE) MPC Member Megan Greene, who will discuss “Monetary Policy under Uncertainty.” A more hawkish tone could strengthen the Pound as investors price in potential future tightening. Additionally, the IMF meetings in Washington may spark volatility as policymakers address global economic concerns. Meanwhile, the USD is expected to see low liquidity due to Columbus Day bank closures, though remarks from Federal Reserve officials—including Philadelphia Fed President Anna Paulson— could still guide sentiment. With U.S. inflation concerns lingering and policy divergence between the BOE and Fed, GBP USD may experience choppy trading as investors react to policy cues and economic outlooks from both sides.

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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
On the 4-hour GBPUSD chart, the price is moving within a bearish descending regression channel, confirming a sustained downtrend. After the market opened, the pair faced a short-lived bullish correction, but the last candle has turned red following two strong green candles before the weekend close. The price is currently trading in the lower half of the channel, positioned between the Ichimoku Base Line and Conversion Line, while the Ichimoku Cloud (Kumo) remains red and trending downward, signaling persistent bearish momentum. The upper band of the regression channel has flattened, indicating potential consolidation before a new breakout. The %R (14) oscillator at -47.68 shows that the pair is currently in a neutral-to-slightly bearish zone, suggesting limited bullish strength unless a clear breakout above 1.34 occurs. Overall, GBP-USD remains under downside pressure, and traders should watch for reactions near the lower channel support for potential short-term rebounds or breakdown continuations. 

•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]

AUD USD chart analysis with Ichimoku cloud

The Australian Dollar, often referred to as the “Aussie”, represents Australia’s currency and is one of the most actively traded pairs against the U.S. Dollar (USD) in the global forex market. The AUD-USD pair reflects the balance between Australia’s export-driven, commodity-linked economy and the U.S.’s global reserve currency. Today’s focus for the AUD USD pair centers around global and domestic monetary policy updates. On the Australian side, attention is on upcoming RBA meeting minutes and NAB Business Confidence data, both key indicators of business sentiment and future rate guidance. A stronger NAB print could support the Aussie, but with the IMF meetings in Washington DC also on the agenda, global risk sentiment and commodity performance may dominate short-term direction. Meanwhile, from the U.S., multiple Federal Reserve officials, including Chair Jerome Powell, are scheduled to speak, and any hawkish tone hinting at persistent inflationary pressure could strengthen the USD. As traders await these statements, market volatility is expected to rise, with the USD likely gaining near-term support on stronger policy rhetoric while the AUD remains under pressure due to slower domestic business growth and cautious RBA outlook.

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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
The AUD/USD 4-hour chart shows the price moving in a bearish trend with a 23° downward slope as indicated by the trend angle tool. The AUD-USD pair is trading between the 0.236 and 0.382 Fibonacci retracement levels, where 0.236 has acted as a key support zone. After testing this level, the Aussie price experienced a corrective bounce and is now moving toward the 0.382 Fibonacci resistance, remaining below the Ichimoku Cloud. The Ichimoku baseline and Leading Span B (red line) are positioned above Leading Span A (green line), forming a bearish Kumo (red cloud) with its upper boundary flattening, signaling potential consolidation before another drop. The candlestick is currently hovering near the conversion line, showing short-term indecision, while the %R (14) indicator stands at -53.82, suggesting a neutral-to-bearish momentum, indicating possible short-term correction before continuation of the downward trend. Overall, the bearish sentiment remains dominant unless the AUD USD price breaks decisively above the descending trendline and the Ichimoku cloud resistance 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

[Capitalcore]

EUR USD Fundamental Outlook Fed Speeches and CPI Data

The EUR/USD, commonly known as the "Fiber," is the most actively traded currency pair globally, representing the economic relationship between the Eurozone and the United States. Today, the fundamental analysis points to a volatile session for the USD, driven by critical announcements such as the New York Manufacturing Index and speeches by key Federal Reserve members, including Governor Stephen Miran and Governor Christopher Waller. Hawkish rhetoric and optimistic manufacturing data would likely bolster the dollar, exerting bearish pressure on EUR/USD. Conversely, if the European CPI and Industrial Output figures surpass expectations, it could offer some bullish respite for the Euro.

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Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
From a technical standpoint, after a period of sideways consolidation, the EUR/USD has resumed a bearish trajectory on the H4 chart, supported by strong momentum and confirmed by negative hidden divergence, indicating robust selling pressure. Candlesticks recently tested the 0.236 Fibonacci retracement level at 1.16292 but failed to break decisively. This retracement remains a crucial resistance zone for any corrective rallies. If bearish momentum prevails, the pair could target the historical reaction level around 1.14178. The Moving Average is positioned below the candles but trending upward, suggesting potential short-term correction. MACD indicators display a slight bullish signal with the histogram at 0.00024, MACD line at -0.00327, and the signal line at -0.00351, while the Stochastic Oscillator (%K at 75.40 and %D at 74.85) is nearing overbought territory, hinting at limited upward movement potential.

•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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