DXY (US Dollar Index):
Potential Direction: Bullish
Overall momentum of the chart: Bearish
Price could potentially drop further to the pivot in the short term before bouncing from there and rising to the 1st resistance.
Pivot: 106.78
Supporting reasons: Identified as a pullback support, indicating a potential level where buyers could step in.
1st support: 106.14
Supporting reasons: Identified as a multi-swing low support, indicating as a potential area where price could stabilize before continuing higher.
1st resistance: 107.37
Supporting reasons: Identified as an overlap resistance that aligns with the 50% Fibonacci retracement, indicating a potential level that could cap further upward movement.
EUR/USD:
Potential Direction: Bearish
Overall momentum of the chart: Bullish
Price could potentially make a short-term rise toward the pivot before reversing and falling toward the 1st support.
Pivot: 1.0454
Supporting reasons: Identified as a pullback resistance, indicating a potential area where selling pressure could emerge.
1st support: 1.0325
Supporting reasons: Identified as an overlap support that aligns with the 161.8% Fibonacci extension that aligns with 161.8% Fibonacci extension, indicating as a potential area where price could stabilize before continuing higher.
1st resistance: 1.0532
Supporting reasons: Identified as a multi-swing high resistance, indicating a potential level where price could face selling pressure.
EUR/JPY:
Potential Direction: Bullish
Overall momentum of the chart: Bearish
Price could potentially make a bullish bounce off the pivot and head towards the 1st resistance.
Pivot: 155.18
Supporting reasons: Identified as a multi-swing low support that aligns close to the 161.8% Fibonacci extension, indicating a potential area where price could rebound.
1st support: 154.03
Supporting reasons: Identified as a swing low support, indicating as a potential area where price could stabilize before continuing higher.
1st resistance: 156.09
Supporting reasons: Identified as a pullback resistance, indicating a potential level where price could face selling pressure.
EUR/GBP:
Potential Direction: Bullish
Overall momentum of the chart: Bearish
Price could potentially make a bullish bounce off the pivot and head towards the 1st resistance.
Pivot: 0.8239
Supporting reasons: Identified as a multi-swing low support that aligns with 161.8% Fibonacci extension, indicating a potential area where price could rebound.
1st support: 0.8224
Supporting reasons: Identified as a swing-low support, indicating as a potential area where price could stabilize before continuing higher.
1st resistance: 0.8272
Supporting reasons: Identified as a pullback resistance, indicating a potential level that could cap further upward movement.
GBP/USD:
Potential Direction: Bearish
Overall momentum of the chart: Bullish
Price could potentially make a short-term rise toward the pivot before reversing and falling toward the 1st support.
Pivot: 1.2623
Supporting reasons: Identified as a pullback resistance, indicating a potential area where selling pressure could emerge.
1st support: 1.2521
Supporting reasons: Identified as a pullback support that aligns with the 50% Fibonacci retracement, acting as a potential level where price could stabilize before continuing higher.
1st resistance: 1.2719
Supporting reasons: Identified as an overlap resistance, indicating a potential level that could cap further upward movement.
GBP/JPY:
Potential Direction: Bearish
Overall momentum of the chart: Bullish
Price could potentially make a short-term rise toward the pivot before reversing and falling toward the 1st support.
Pivot: 190.68
Supporting reasons: Identified as an overlap resistance that aligns with the 50% Fibonacci retracement, indicating a potential area where selling pressure could emerge.
1st support: 187.10
Supporting reasons: Identified as a multi-swing low support, indicating a potential level where price could stabilize before continuing higher.
1st resistance: 193.06
Supporting reasons: Identified as a multi-swing high resistance, indicating a potential level where price could face selling pressure.
USD/CHF:
Potential Direction: Bearish
Overall momentum of the chart: Bearish
Price could potentially make a Bearish continuation toward the 1st support.
Pivot: 0.9000
Supporting reasons: Identified as an overlap resistance that aligns with the 38.2% Fibonacci retracement, indicating a potential area where selling pressure could emerge.
1st support: 0.8950
Supporting reasons: Identified as a pullback support, indicating a potential level where price could face selling pressure.
1st resistance: 0.9048
Supporting reasons: Identified as a swing high resistance that aligns with the 161.8% Fibonacci extension, indicating a potential level where price could face selling pressure.
USD/JPY:
Potential Direction: Bullish
Overall momentum of the chart: Bearish
Price could potentially make a bullish bounce off the pivot and head towards the 1st resistance.
Pivot: 148.83
Supporting reasons: Identified as a multi-swing low support that aligns with the 161.8% Fibonacci extension and the 78.6% Fibonacci projection, indicating a strong level where buyers could step in.
1st support: 147.72
Supporting reasons: Identified as a support that aligns with the 161.8% Fibonacci extension, suggesting a potential area where price could stabilize before resuming its upward movement.
1st resistance: 150.97
Supporting reasons: Identified as a pullback resistance, indicating a potential level where price could face selling pressure.
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: 1.4407
Supporting reasons: Identified as a pullback support, indicating a potential area where buying interests could pick up to resume the uptrend.
1st support: 1.4317
Supporting reasons: Identified as an overlap support, indicating a key level where the price could stabilize once more.
1st resistance: 1.4550
Supporting reasons: Identified as a swing-high resistance that aligns close to a 61.8% Fibonacci retracement, indicating a potential area that could halt any further upward movement.
AUD/USD:
Potential Direction: Bearish
Overall momentum of the chart: Bearish
Price has made a bearish break through the pivot and could potentially fall towards the 1st support.
Pivot: 0.6240
Supporting reasons: Previously identified as a swing-low support where the strong bearish momentum has caused the price to break below this level.
1st support: 0.6185
Supporting reasons: Identified as a swing-low support that aligns close to a 127.2% Fibonacci extension, suggesting a potential area where the price could stabilize once again.
1st resistance: 0.6260
Supporting reasons: Identified as a pullback resistance, indicating a potential area that could halt any further upward movement.
NZD/USD
Potential Direction: Bearish
Overall momentum of the chart: Bearish
Price has made a bearish break through the pivot and could potentially fall towards the 1st support.
Pivot: 0.5628
Supporting reasons: Previously identified as a swing-low support where the strong bearish momentum has caused the price to break below this level.
1st support: 0.5590
Supporting reasons: Identified as a swing-low support, suggesting a potential area where the price could stabilize once more.
1st resistance: 0.5665
Supporting reasons: Identified as a pullback resistance, indicating a potential area that could halt any further upward movement.
US30 (DJIA):
Potential Direction: Bearish
Overall momentum of the chart: Bearish
Price has made a bearish break through the pivot and could potentially fall towards the 1st support.
Pivot: 43,364.19
Supporting reasons: Previously identified as a multi-swing-low support where the strong bearish momentum has caused the price to break below this level.
1st support: 42,879.91
Supporting reasons: Identified as a pullback support that aligns close to a 61.8% Fibonacci retracement, indicating a potential level where the price could stabilize once again.
1st resistance: 43,767.52
Supporting reasons: Identified as an overlap resistance, indicating a potential area that could halt any further upward movement.
DE40 (DAX):
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 rise towards the 1st resistance.
Pivot: 22,163.30
Supporting reasons: Identified as a swing-low support that aligns with a confluence of Fibonacci levels i.e. a 23.6% retracement and a 78.6% projection, indicating a potential area where buying interests could pick up stage a minor rebound.
1st support: 21,695.40
Supporting reasons: Identified as a swing-low support that aligns with a 38.2% Fibonacci retracement, indicating a key level where the price could stabilize once more.
1st resistance: 22,573.30
Supporting reasons: Identified as an overlap resistance, indicating a potential area that could halt any further upward movement.
US500 (S&P 500):
Potential Direction: Bullish
Overall momentum of the chart: Bearish
Price could fall towards the pivot and potentially make a bullish bounce off this level to rise towards the 1st resistance.
Pivot: 5,840.10
Supporting reasons: Identified as a multi-swing-low support, indicating a potential area where buying interests could pick up to stage a minor rebound.
1st support: 5,777.80
Supporting reasons: Identified as a swing-low support, indicating a potential level where the price could stabilize once again.
1st resistance: 5,910.50
Supporting reasons: Identified as an overlap resistance, indicating a potential area that could halt any further upward movement.
BTC/USD (Bitcoin):
Potential Direction: Bearish
Overall momentum of the chart: Bearish
Price has made a bearish break through the pivot and could potentially fall towards the 1st support.
Pivot: 84,295.47
Supporting reasons: Previously identified as a -swing-low support where the strong bearish momentum has caused the price to break below this level. The presence of the red Ichimoku Cloud adds further significance to the strength of the bearish momentum.
1st support: 76,679.93
Supporting reasons: Identified as a pullback support, indicating a potential level where the price could stabilize once more.
1st resistance: 86,424.63
Supporting reasons: Identified as an overlap resistance, indicating a potential area that could halt any further upward movement.
ETH/USD (Ethereum):
Potential Direction: Bearish
Overall momentum of the chart: Bearish
Price has made a bearish reversal close to the pivot and could potentially fall towards the 1st support.
Pivot: 2,401.82
Supporting reasons: Identified as a pullback resistance, indicating a potential area where selling pressures could intensify. The presence of the red Ichimoku Cloud adds further significance to the strength of the bearish momentum.
1st support: 2,044.47
Supporting reasons: Identified as a multi-swing-low support, indicating a potential level where the price could stabilize once again.
1st resistance: 2,519.42
Supporting reasons: Identified as an overlap 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 trading close to the pivot and could potentially make a bearish reversal off this level to fall towards the 1st support.
Pivot: 70.11
Supporting reasons: Identified as a pullback resistance, indicating a potential area where selling pressures could intensify. The presence of the red Ichimoku Cloud adds further significance to the strength of the bearish momentum.
1st support: 67.22
Supporting reasons: Identified as a swing-low support, indicating a key level where the price could stabilize once more.
1st resistance: 71.08
Supporting reasons: Identified as a swing-high resistance that aligns close to a 61.8% Fibonacci retracement, indicating a potential area that could halt any further upward movement.
XAU/USD (GOLD):
Potential Direction: Bearish
Overall momentum of the chart: Bullish
Price could potentially make a bearish reversal off the pivot and fall toward the 1st support.
Pivot: 2882.38
Supporting reasons: Identified as a pullback resistance, indicating a potential area where selling pressure could emerge.
1st support: 2829.20
Supporting reasons: Identified as a pullback support that aligns with the 38.2% Fibonacci retracement, acting as a potential level where price could stabilize before continuing higher.
1st resistance: 2923.62
Supporting reasons: Identified as an overlap resistance, indicating a potential level where price could face selling pressure.
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.