DXY (US Dollar Index):
Potential Direction: Bullish
Overall momentum of the chart: Neutral
Price could potentially make a bullish bounce off the pivot and rise towards the 1st resistance.
Pivot: 104.01
Supporting reasons: Identified as an overlap support that aligns with a 50% Fibonacci retracement, indicating a potential level where buying interests could pick up to resume the uptrend.
1st support: 103.45
Supporting reasons: Identified as a pullback support that aligns close to a 23.6% Fibonacci retracement, indicating a potential level where price could find support once again.
1st resistance: 104.52
Supporting reasons: Identified as a multi-swing-high resistance, indicating a potential area that could halt any further upward movement.
EUR/USD:
Potential Direction: Bearish
Overall momentum of the chart: Neutral
Price could potentially make a bearish reversal off the pivot and drop towards the 1st support.
Pivot: 1.0868
Supporting reasons: Identified as a swing-high resistance that aligns with a 23.6% Fibonacci retracement, indicating a potential area where selling pressures could intensify.
1st support: 1.0774
Supporting reasons: Identified as a swing-low support, suggesting a potential area where price could find support once more.
1st resistance: 1.0951
Supporting reasons: Identified as an overlap resistance that aligns close to a 38.2% Fibonacci retracement, indicating a potential area that could halt any further upward movement.
EUR/JPY:
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price could potentially make a bullish bounce off the pivot and rise towards the 1st resistance.
Pivot: 164.92
Supporting reasons: Identified as an overlap support that aligns close to a 23.6% Fibonacci retracement, indicating a potential level where buying interests could pick up to resume the uptrend.
1st support: 163.98
Supporting reasons: Identified as a pullback support that aligns with a confluence of Fibonacci levels i.e. the 23.6% and 50% retracements, indicating a potential level where price could find support once again.
1st resistance: 165.86
Supporting reasons: Identified as a swing-high resistance, indicating a potential area that could halt any further upward movement.
EUR/GBP:
Potential Direction: Bearish
Overall momentum of the chart: Neutral
Price could potentially make a bearish reversal off the pivot and drop towards the 1st support.
Pivot: 0.8352
Supporting reasons: Identified as an overlap resistance that aligns close to a 38.2% Fibonacci retracement, indicating a potential area where selling pressures could intensify.
1st support: 0.8308
Supporting reasons: Identified as a multi-swing-low support, indicating a potential level where price could find support once more.
1st resistance: 0.8369
Supporting reasons: Identified as a swing-high resistance that aligns close to a 50% Fibonacci retracement, indicating a potential area that could halt any further upward movement.
GBP/USD:
Potential Direction: Bearish
Overall momentum of the chart: Neutral
Price could potentially make a bearish reversal off the pivot and drop towards the 1st support.
Pivot: 1.3000
Supporting reasons: Identified as a pullback resistance, indicating a potential area where selling pressures could intensify.
1st support: 1.2916
Supporting reasons: Identified as a swing-low support that aligns close to a 127.2% Fibonacci extension, indicating a potential level where price could find support once more.
1st resistance: 1.3049
Supporting reasons: Identified as a swing-high resistance that aligns close to a 23.6% Fibonacci retracement, indicating a potential area that could halt any further upward movement.
GBP/JPY:
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price could potentially make a bullish bounce off the pivot and rise towards the 1st resistance.
Pivot: 196.58
Supporting reasons: Identified as a pullback support that aligns close to a 23.6% Fibonacci retracement, indicating a potential level where buying interests could pick up to resume the uptrend.
1st support: 195.53
Supporting reasons: Identified as an overlap support that aligns with a 38.2% Fibonacci retracement, indicating a potential level where price could find support once again.
1st resistance: 199.03
Supporting reasons: Identified as a swing-high resistance, indicating a potential area that could halt any further upward movement.
USD/CHF:
Potential Direction: Bullish
Overall momentum of the chart: Neutral
Price could potentially make a bullish bounce off the pivot and rise towards the 1st resistance.
Pivot: 0.8636
Supporting reasons: Identified as an overlap support that aligns close to a 23.6% Fibonacci retracement, indicating a potential area where buying interests could pick up to stage a rebound.
1st support: 0.8608
Supporting reasons: Identified as an overlap support, indicating a potential level where price could find support once more.
1st resistance: 0.8697
Supporting reasons: Identified as a swing-high resistance, indicating a potential area that could halt any further upward movement.
USD/JPY:
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price could potentially make a bullish bounce off the pivot and rise towards the 1st resistance.
Pivot: 151.62
Supporting reasons: Identified as pullback support, indicating a potential level where buying interests could pick up to resume the uptrend.
1st support: 150.29
Supporting reasons: Identified as a pullback support that aligns close to a 23.6% Fibonacci retracement, indicating a potential level where price could find support.
1st resistance: 153.64
Supporting reasons: Identified as a swing-high resistance, indicating a potential area that could halt any further upward movement.
USD/CAD:
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price could fall towards the pivot and potentially make a bullish bounce off this level to rise towards the 1st resistance.
Pivot: 1.3883
Supporting reasons: Identified as an overlap support, indicating a potential area where buying interests could pick up to resume the uptrend.
1st support: 1.3843
Supporting reasons: Identified as an overlap support that aligns with a 38.2% Fibonacci retracement, indicating a key level where price could find support once again.
1st resistance: 1.3946
Supporting reasons: Identified as a swing-high resistance, indicating a potential area that could halt any further upward movement.
AUD/USD:
Potential Direction: Bearish
Overall momentum of the chart: Bearish
Price is falling towards the pivot and could potentially make a bearish break below this level to fall towards the 1st support.
Pivot: 0.6563
Supporting reasons: Identified as an overlap support where the strong downward momentum could trigger a potential bearish breakout.
1st support: 0.6513
Supporting reasons: Identified as a swing-low support, indicating a potential level where price could find support once again.
1st resistance: 0.6609
Supporting reasons: Identified as a pullback resistance, indicating a potential area that could halt any further upward movement.
NZD/USD
Potential Direction: Bullish
Overall momentum of the chart: Bearish
Price is falling towards the pivot and could potentially make a bullish bounce off this level to rise towards the 1st resistance.
Pivot: 0.5913
Supporting reasons: Identified as a swing-low support, indicating a potential level where buying interests could pick up to stage a minor rebound.
1st support: 0.5866
Supporting reasons: Identified as a swing-low support, indicating a potential level where price could find support once more.
1st resistance: 0.5989
Supporting reasons: Identified as an overlap resistance, indicating a potential area that could halt any further upward movement.
US30 (DJIA):
Potential Direction: Bullish
Overall momentum of the chart: Neutral
Price is falling towards the pivot and could potentially make a bullish bounce off this level to fall rise towards the 1st resistance.
Pivot: 42,084.33
Supporting reasons: Identified as a pullback support that aligns with a 38.2% Fibonacci retracement, indicating a potential level where buying interests could pick up to stage a rebound.
1st support: 41,737.31
Supporting reasons: Identified as a pullback support that aligns close to a 50% Fibonacci retracement, indicating a potential level where price could find support.
1st resistance: 42,526.18
Supporting reasons: Identified as a pullback resistance that aligns with a 38.2% Fibonacci retracement, indicating a potential area that could halt any further upward movement.
DE40 (DAX):
Potential Direction: Bearish
Overall momentum of the chart: Neutral
Price is rising towards the pivot and could potentially make a bearish reversal off this level to fall towards the 1st support.
Pivot: 19,681.50
Supporting reasons: Identified as a swing-high resistance that aligns with the all-time high, indicating a potential level where selling pressures could intensify.
1st support: 19,309.60
Supporting reasons: Identified as an overlap support that aligns with a 50% Fibonacci retracement level, indicating a key level where price could find support once again.
1st resistance: 19,785.10
Supporting reasons: Identified as a resistance that aligns with a 127.2% Fibonacci extension, indicating a potential area that could halt any further upward movement.
US500 (S&P 500):
Potential Direction: Bullish
Overall momentum of the chart: Neutral
Price is falling towards the pivot and could potentially make a bullish bounce off this level to fall rise towards the 1st resistance.
Pivot: 5,802.90
Supporting reasons: Identified as a pullback support that aligns with a 61.8% Fibonacci retracement, indicating a potential level where buying interests could pick up to stage a rebound.
1st support: 5,771.00
Supporting reasons: Identified as an overlap support that aligns close to a 50% Fibonacci retracement level, indicating a potential level where price could find support once again.
1st resistance: 5,851.50
Supporting reasons: Identified as a pullback resistance that aligns with a 78.6% Fibonacci retracement, indicating a potential area that could halt any further upward movement.
BTC/USD (Bitcoin):
Potential Direction: Bearish
Overall momentum of the chart: Bullish
Price is rising towards the pivot and could potentially make a bearish reversal off this level to fall towards the 1st support.
Pivot: 71,607.46
Supporting reasons: Identified as a swing-high resistance that aligns with a 61.8% Fibonacci projection, indicating a potential level where selling pressures could intensify.
1st support: 69,643.65
Supporting reasons: Identified as a pullback support that aligns with a close to a 38.2% Fibonacci retracement level, indicating a potential level where price could find support.
1st resistance: 73,468.61
Supporting reasons: Identified as a swing-high resistance that aligns with a 78.6% Fibonacci projection, indicating a potential area that could halt any further upward movement.
ETH/USD (Ethereum):
Potential Direction: Bearish
Overall momentum of the chart: Bullish
Price is rising towards the pivot and could potentially make a bearish reversal off this level to fall towards the 1st support.
Pivot: 2,644.49
Supporting reasons: Identified as a pullback resistance that aligns close to a 61.8% Fibonacci retracement, indicating a potential level where selling pressures could intensify.
1st support: 2,540.64
Supporting reasons: Identified as a pullback support, indicating a potential level where price could find support.
1st resistance: 2,745.12
Supporting reasons: Identified as a swing-high resistance, indicating a potential area that could halt any further upward movement.
WTI/USD (Oil):
Potential Direction: Bearish
Overall momentum of the chart: Bearish
Price is falling towards the pivot and could potentially make a bearish break below this level to fall towards the 1st support.
Pivot: 67.68
Supporting reasons: Identified as a swing-low support where the strong downward momentum could trigger a potential bearish breakout.
1st support: 66.02
Supporting reasons: Identified as a swing-low support, indicating a key level where price could find support once more.
1st resistance: 69.16
Supporting reasons: Identified as an overlap resistance, indicating a potential area that could halt any further upward movement.
XAU/USD (GOLD):
Potential Direction: Bearish
Overall momentum of the chart: Bullish
Price is trading close to the pivot and could potentially make a bearish reversal off this level to fall towards the 1st support.
Pivot: 2,753.21
Supporting reasons: Identified as a swing-high resistance that aligns close to the all-time high, indicating a potential level where selling pressures could intensify.
1st support: 2,714.81
Supporting reasons: Identified as a pullback support that aligns close to a 23.6% Fibonacci retracement, indicating a key level where price could find support once more.
1st resistance: 2,771.96
Supporting reasons: Identified as a resistance that aligns with a 127.2% Fibonacci extension, indicating a potential area that could halt any further upward movement.
The accuracy, completeness and timeliness of the information contained on this site cannot be guaranteed. IC Markets does not warranty, guarantee or make any representations, or assume any liability regarding financial results based on the use of the information in the site.
News, views, opinions, recommendations and other information obtained from sources outside of www.icmarkets.com.au, used in this site are believed to be reliable, but we cannot guarantee their accuracy or completeness. All such information is subject to change at any time without notice. IC Markets assumes no responsibility for the content of any linked site.
The fact that such links may exist does not indicate approval or endorsement of any material contained on any linked site. IC Markets is not liable for any harm caused by the transmission, through accessing the services or information on this site, of a computer virus, or other computer code or programming device that might be used to access, delete, damage, disable, disrupt or otherwise impede in any manner, the operation of the site or of any user’s software, hardware, data or property.