ForexTechnical Analysis

[FXGLORY]

EURUSD H4 Technical and Fundamental Analysis for 01.09.2026

Time Zone: GMT +2
Time Frame: 4 Hours (H4)


Fundamental Analysis:
Today’s EUR/USD fundamental outlook is influenced by a series of economic data releases from both the Eurozone and the United States. For the euro, traders will closely monitor industrial output, foreign trade data, and retail sales figures from key economies such as Germany, France, and Italy. These indicators are essential in gauging the region's economic momentum, particularly as inflation and production pressures remain in focus. If actual results exceed expectations, the euro may find support. On the US side, critical data releases including Non-Farm Payrolls (NFP), the Unemployment Rate, and Labor Costs are scheduled. These indicators are vital for assessing the Federal Reserve's next moves on interest rates, especially as recent speeches from FOMC members continue to signal a hawkish stance. A strong US labor market could continue to strengthen the dollar against its counterparts.


Price Action:
The EURUSD pair has continued its bearish trajectory on the H4 timeframe. After peaking near 1.18000 in late December, the price broke below the significant 1.17000 level at the beginning of January and has since maintained a steady decline. Currently, the pair is hovering just above the 1.16500 support zone, consolidating near this level after failing to regain upward momentum. Price has consistently adhered to the lower boundary of the Bollinger Bands, indicating ongoing downside pressure. If this consolidation resolves lower, the next key level to watch is 1.16200, which may act as the next potential target for sellers.


Key Technical Indicators:
Bollinger Bands (20,2): The price is currently trading along the lower band, indicating strong bearish momentum. The absence of a move toward the mid-band suggests a lack of bullish correction. The bands are slightly widening, reflecting increased volatility and supporting the continuation of the downward move.
MACD (12,26,9): The MACD line stands at -0.001717 and remains below the signal line at -0.001491, confirming the bearish trend. Although the histogram shows a slight decrease in selling momentum, there is no sign yet of a bullish crossover. As long as the MACD remains negative and below the signal line, downside pressure is likely to persist.
RSI (14): The Relative Strength Index is currently at 35.77, indicating weakening bullish strength and proximity to the oversold threshold. While not yet in oversold territory, the RSI suggests limited buying interest at current levels. A further decline toward or below 30 could signal an approaching reversal or short-term correction.


Support and Resistance:
Support: The key support level lies at 1.16500, which is being tested. A break below this level may open the door for further losses toward 1.16200.
Resistance: Immediate resistance is seen at 1.17000, previously a strong support that has now turned into resistance. A move above this level would be needed to ease the current bearish bias.


Conclusion and Consideration:
The current EUR-USD H4 technical chart and price action analysis suggest a continuation of the bearish trend, as supported by the RSI, MACD, and Bollinger Bands. The market remains under pressure following a rejection from 1.18000 in December and a decisive break below 1.17000 in early January. Unless eurozone fundamentals surprise to the upside or US economic data disappoints, the pair is likely to test the next support around 1.16200. Traders should closely monitor upcoming economic releases, especially labor and trade figures from both regions, which may shift short-term sentiment. This technical and fundamental chart daily analysis of EURUSD H4 is intended for traders seeking a structured forex forecast, combining price action with key technical indicators to build a consistent trading strategy.


Disclaimer: The analysis provided for EUR/USD is for informational purposes only and does not constitute investment advice. Traders are encouraged to perform their own analysis and research before making any trading decisions on EURUSD. Market conditions can change quickly, so staying informed with the latest data is essential.


FXGlory
01.09.2026

 

[FXGLORY]

BTCUSD Technical and Fundamental Analysis for 01.21.2026

Time Zone: GMT +2
Time Frame: 4 Hours (H4)


Fundamental Analysis:
The BTCUSD pair is currently navigating a period of heightened sensitivity to macroeconomic shifts and geopolitical developments. Today, the US Dollar is at the center of investor attention as President Donald Trump addresses the World Economic Forum in Davos, with markets closely monitoring his rhetoric on international trade and housing affordability. Earlier reports of aggressive tariff threats against European allies over the Greenland standoff have fueled a "risk-off" sentiment, driving capital into safe havens like gold and silver while causing a sharp correction in the crypto markets. Traders are also looking ahead to US Pending Home Sales and Construction Spending data, which serve as leading indicators of economic health; a weaker-than-expected print could pressure the greenback, potentially providing a floor for Bitcoin price action and BTCUSD H4 dynamics.


Price Action:
Observing the BTCUSD H4 chart, the pair has transitioned from a sharp, steep descent into a phase characterized by a mild ascending channel. After hitting a local low near the 82,096.30 level, buyers attempted to regain control, but the recovery has been plagued by indecision and a lack of aggressive volume. Recent candles have notably breached the bottom boundary of this ascending channel, suggesting that the "bearish force" remains dominant despite the slow upward slope previously observed. This breakdown indicates that even if a recovery begins, it is likely to be a gradual upward move or a period of range-bound consolidation rather than a sharp, decisive breakout, as the market lacks a strong bullish catalyst to reverse the broader downtrend.


Key Technical Indicators:
Bollinger Bands (40): The bands are expanding as price hugs the lower boundary, indicating high volatility and a continued search for a local bottom.
MACD (18, 40, 14): At -731.485, the MACD shows a strong bearish divergence and negative histogram, suggesting downward momentum is not yet exhausted.
William’s %R (40): Currently at -94.22, the indicator shows the pair is deeply oversold, though a reversal requires a cross back above -80 to confirm buyer re-entry.


Support and Resistance:
Support: Immediate support is identified at the recent swing low of 82,096.30, which acts as a critical psychological and technical floor that must hold to prevent a further slide toward the 80k mark.
Resistance: The primary resistance level is situated at the middle Bollinger Band and the broken lower boundary of the previous ascending channel, where sellers are expected to defend the trend.


Conclusion and Consideration:
The BTCUSD H4 technical analysis reveals a market at a crossroads, where extreme oversold conditions on the William’s %R clash with a strong bearish breakout on the price chart. While the expansion of the Bollinger Bands indicates that volatility is returning, the lack of a sharp recovery suggests that the market may enter a range market or continue a slow, grinding descent. For BTCUSD H4 traders and crypto investors alike, the primary focus remains on the Davos headlines and US economic data, as these will determine whether the US Dollar remains a dominant force or if a "sell America" sentiment allows assets like Bitcoin to stabilize.


Disclaimer: The analysis provided for BTC/USD is for informational purposes only and does not constitute investment advice. Traders are encouraged to perform their own analysis and research before making any trading decisions on BTCUSD. Market conditions can change quickly, so staying informed with the latest data is essential.


FXGlory
01.21.2026

 

[FXGLORY]

BTCUSD H4 Technical and Fundamental Analysis for 02.04.2026

Time Zone: GMT +2
Time Frame: 4 Hours (H4)


Fundamental Analysis:
BTCUSD is currently influenced by USD-related economic indicators due to upcoming releases such as the ADP Non-Farm Employment Change, Services PMI from S&P Global, ISM Non-Manufacturing PMI, and crude oil inventories from API and EIA. Positive economic data from ADP, PMI, and crude oil inventory reports would strengthen the USD, potentially exerting downward pressure on BTCUSD. Conversely, weaker-than-expected data could provide bullish support for BTCUSD, as a weaker dollar typically boosts crypto market sentiment.


Price Action:
Despite the long-term bullish trend, BTCUSD has been in a sharp bearish correction on the H4 timeframe. Recently, price action has reached the significant historical support level at 73114.42. Candlestick patterns at this level suggest potential market hesitation, indicating the possibility of a reversal or a temporary consolidation. Traders should closely monitor the price response around this critical zone for potential bullish recovery signs.


Key Technical Indicators:
Parabolic SAR: The Parabolic SAR dots are consistently above the recent candles, confirming a strong bearish trend. Traders should remain cautious, awaiting a reversal signal from this indicator to confirm any potential bullish trend.
Stochastic (21,3,3): Currently at levels 14.83 and 16.64, the stochastic oscillator is significantly oversold, indicating a high possibility of a bullish reversal or short-term upward correction. Traders could look for crossover signals for entry points.
RSI (14): The RSI indicator stands at 32.70, close to oversold territory but not fully into it, suggesting that downward momentum is still present but weakening. Any upward reversal from here might confirm bullish intentions.


Support and Resistance:
Support: Strong historical support lies at 73114.42, providing a crucial floor that could stimulate buyer interest.
Resistance: Fibonacci expansion levels at 23.6 and 38.2 (approximately at 73931.32 and slightly lower) will serve as potential resistance points from where a bullish reversal could initiate.


Conclusion and Consideration:
The BTCUSD H4 chart currently exhibits strong bearish momentum but stands at a pivotal support level, backed by oversold stochastic readings and weakening RSI momentum. Traders should closely watch price behavior at 73114.42 for bullish reversal patterns or confirmations from Parabolic SAR and Stochastic indicators. Upcoming USD economic indicators might lead to heightened volatility; thus, risk management remains essential.


Disclaimer: The analysis provided for BTC/USD is for informational purposes only and does not constitute investment advice. Traders are encouraged to perform their own analysis and research before making any trading decisions on BTCUSD. Market conditions can change quickly, so staying informed with the latest data is essential.


FXGlory
02.04.2026

 

[FXGLORY]

EURUSD H4 Technical and Fundamental Analysis for 02.11.2026

Time Zone: GMT +2
Time Frame: 4 Hours (H4)


Fundamental Analysis:
The EURUSD currency pair remains sensitive today to several macroeconomic events coming from both the Eurozone and the United States. On the EUR side, traders are watching Germany’s Bund Auction and Italy’s Industrial Output releases, which act as leading indicators of economic strength and investor confidence. Strong industrial production or higher bond demand could provide moderate bullish support to the euro. On the USD side, the market awaits impactful data including Non-Farm Payrolls (NFP), Unemployment Rate, Labor Cost Index, and Crude Oil Inventories, alongside speeches from FOMC members Jeffrey Schmid and Michelle Bowman. These events historically increase volatility in EURUSD, as upbeat labor data typically strengthens the USD, while dovish or hawkish tones from Fed speakers may shift interest rate expectations. Overall, today’s macro releases introduce elevated uncertainty and potential directional momentum for the EURUSD pair.


Price Action:
On the EURUSD H4 chart, price action shows that after a major bullish move, the market transitioned into a structured bearish correction, forming a descending channel. The pair rejected the 1.19175 resistance, where bullish momentum faded and sellers regained control. Candles now show renewed bearish pressure, indicating that the retracement may extend downward. If momentum persists, the EURUSD price could revisit the 1.18049 historical support, which aligns with previous consolidation zones and represents a key decision area for traders. This behavior enhances the overall bearish sentiment in the current EURUSD H4 price action outlook.


Key Technical Indicators:
Ichimoku Cloud: Price is trading near the lower boundary of the Ichimoku Cloud, signaling a fading bullish correction and growing bearish pressure. The Tenkan-sen has crossed below the Kijun-sen, reinforcing the downside bias. With Senkou Span A and B remaining flat, momentum is weak, and bearish continuation is likely unless price breaks above the cloud.
MACD (12,26,9): MACD shows the line only slightly above the signal line, indicating fading bullish momentum. The small histogram bars suggest possible convergence and weakening buying pressure. A bearish crossover would strengthen expectations of further downside on the EURUSD H4 chart.
Williams %R (14): Williams %R sits in the upper-mid range, showing the pair is not overbought and still has room to move lower. The recent downward turn reflects renewed selling activity. A drop toward -80 would support a deeper bearish continuation.


Support and Resistance:
Support: The nearest major support sits around 1.18049, a historically respected price level where buyers previously re-entered the market.
Resistance: The primary resistance remains at 1.19175, a strong barrier that led to the recent bearish reversal.


Conclusion and Consideration:
The EURUSD H4 technical analysis suggests that bearish continuation remains likely after the strong rejection from 1.19175 and the presence of a descending channel structure. Indicators such as Ichimoku, MACD, and Williams %R all lean toward weakening bullish momentum and renewed selling interest. With high-impact EUR and USD economic events scheduled today—including NFP, unemployment data, industrial output figures, and FOMC speeches—volatility may increase significantly. Traders should remain cautious, monitor support at 1.18049, and consider potential whipsaws caused by macroeconomic catalysts.


Disclaimer: The analysis provided for EUR/USD is for informational purposes only and does not constitute investment advice. Traders are encouraged to perform their own analysis and research before making any trading decisions on EURUSD. Market conditions can change quickly, so staying informed with the latest data is essential.


FXGlory
02.11.2026