DXY (US Dollar Index):
Potential Direction: Bearish
Overall momentum of the chart: Bullish
Price could potentially make a bearish reaction off pivot and drop to 1st support
Pivot: 106.13
Supporting reasons: An Overlap resistance with a 78.60% Fibonacci Projection, indicating a significant level where selling pressure might increase, potentially leading to a reversal in the bullish momentum.
1st support: 105.04
Supporting reasons: Pullback support, representing a level where buyers might step in to support the price temporarily within the context of the bullish trend.
1st resistance: 107.11
Supporting reasons: Multi-swing high resistance, suggesting a level where the price has previously encountered selling pressure from multiple highs, potentially acting as a barrier to further upside movement within the context of the overall bullish momentum.
EUR/USD:
Potential Direction: Bullish
Overall momentum of the chart: Bearish
Price could potentially make a bullish bounce-off pivot and head toward 1st resistance
Pivot: 1.0618
Supporting reasons: Pullback support with a 161.80% Fibonacci Extension and 100% Fibonacci Projection indicating Fibonacci confluence, suggesting a significant level where buying pressure might intensify, potentially leading to a reversal in the bearish momentum.
1st support: 1.0499
Supporting reasons: Overlap support, indicating a level where the market has previously found support, potentially providing a foundation for a bullish reversal or price stabilization.
1st resistance: 1.0707
Supporting reasons: Pullback resistance, representing a level where selling pressure might increase, potentially acting as a barrier to further upside movement within the overall bearish trend.
EUR/JPY:
Potential Direction: Bearish
Overall momentum of the chart: Bearish
Price could potentially make a bearish break off pivot and drop toward 1st support
Pivot: 162.88
Supporting reasons: Pullback resistance, indicating a level where selling pressure might intensify, potentially leading to a breakout and continuation of the bearish trend.
1st support: 160.14
Supporting reasons: An Overlap support with a 38.20% Fibonacci Retracement, suggesting a significant level where buyers might enter the market, potentially providing support for the price or a temporary reversal within the context of the overall bearish momentum.
1st resistance: 165.21
Supporting reasons: Multi-swing high resistance, representing a level where the price has faced selling pressure from multiple highs, potentially acting as a barrier to further upside movement within the context of the overall bearish trend.
EUR/GBP:
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price could potentially make a bullish bounce-off pivot and head toward 1st resistance
Pivot: 0.8533
Supporting reasons: Multi-swing low support, indicating a level where buyers might step in to support the price, potentially leading to a reversal or continuation of the bullish momentum.
1st support: 0.8503
Supporting reasons: Swing low support, representing a level where the price has previously found support and reversed higher, reinforcing the bullish bias.
1st resistance: 0.8581
Supporting reasons: Multi-swing high resistance, suggesting a level where the price has faced selling pressure from multiple highs, potentially acting as a barrier to further upside movement within the context of the overall bullish trend.
GBP/USD:
Potential Direction: Bullish
Overall momentum of the chart: Bearish
Price could potentially make a bullish bounce-off pivot and head toward 1st resistance
Pivot: 1.2379
Supporting reasons: An Overlap support, suggesting a significant level where buyers might step in to support the price, potentially leading to a reversal or temporary halt in the bearish momentum.
1st support: 1.2237
Supporting reasons: Pullback support, indicating a level where buyers might enter the market to support the price within the context of the overall bearish trend.
1st resistance: 1.2530
Supporting reasons: Pullback resistance, representing a level where selling pressure might intensify, potentially acting as a barrier to further upside movement within the overall bearish momentum.
GBP/JPY:
Potential Direction: Bearish
Overall momentum of the chart: Bearish
Price could potentially make a bearish reaction off pivot and drop to 1st support
Pivot: 190.29
Supporting reasons: Pullback resistance, suggesting a level where selling pressure might intensify, potentially leading to a continuation of the bearish trend.
1st support: 188.34
Supporting reasons: An Overlap support with a 161.80% Fibonacci Extension, indicating a significant level where buyers might step in to support the price, potentially leading to a reversal or temporary halt in the bearish momentum.
1st resistance: 193.00
Supporting reasons: Swing high resistance, representing a level where the price has previously encountered selling pressure, potentially acting as a barrier to further upside movement within the context of the overall bearish momentum.
USD/CHF:
Potential Direction: Bearish
Overall momentum of the chart: Bullish
Price could potentially make a bearish reaction off pivot and drop to 1st support
Pivot: 0.9080
Supporting reasons: An Overlap support, indicating a significant level where buyers might step in to support the price, potentially leading to a reversal or temporary halt in the bullish momentum.
1st support: 0.9144
Supporting reasons: Multi-swing high resistance with a 61.80% Fibonacci Projection, suggesting a level where selling pressure might intensify, potentially leading to a reversal or continuation of the bearish trend.
1st resistance: 0.9352
Supporting reasons: 100% Fibonacci Projection, representing a level where the price might encounter selling pressure, potentially acting as a barrier to further upside movement within the context of the overall bullish momentum.
USD/JPY:
Potential Direction: Bearish
Overall momentum of the chart: Bullish
Price could potentially make a: Bearish reaction off pivot and drop to 1st support
Pivot: 153.71
Supporting reasons: Swing high resistance with a 161.80% Fibonacci Extension, indicating a significant level where selling pressure might intensify, potentially leading to a reversal or continuation of the bullish trend.
1st support: 151.77
Supporting reasons: Pullback support, suggesting a level where buyers might step in to support the price temporarily within the context of the overall bullish momentum.
1st resistance: 154.79
Supporting reasons: 127.20% Fibonacci Extension and 78.60% Fibonacci Projection indicating Fibonacci confluence, suggesting a significant level where selling pressure might intensify, potentially acting as a barrier to further upside movement within the context of the overall bullish momentum.
USD/CAD:
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price has made a bullish reaction through the pivot and could potentially rise towards the 1st resistance
Pivot: 1.3755
Supporting reasons: Previously functioned as a pullback resistance which now has been broken, highlighting a potential bullish breakout.
1st support: 1.3665
Supporting reasons: Identified as a pullback support that aligns with a 38.2% Fibonacci retracement level, suggesting a significant area where the market has previously found strong buying interest and could provide a foundation for potential price stabilization.
1st resistance: 1.3854
Supporting reasons: Identified as a pullback resistance, marking a significant barrier that could cap further upward movements.
AUD/USD:
Potential Direction: Bullish
Overall momentum of the chart: Bearish
Price has made a bullish reversal close to the pivot and could potentially rise towards 1st resistance
Pivot: 0.6447
Supporting reasons: Acts as a swing-low support, suggesting a potential area where buying interest has increased recently.
1st support: 0.6360
Supporting reasons: Acts as a swing-low support, suggesting a significant area where price has previously found strong support and could provide a basis to halt further downward movement.
1st resistance: 0.6537
Supporting reasons: Identified as a pullback resistance that aligns close to a 38.2% Fibonacci retracement level, marking a significant barrier that has previously capped upward movements.
NZD/USD
Potential Direction: Bearish
Overall momentum of the chart: Bearish
Price has broken below the pivot and could potentially drop lower towards the 1st support
Pivot: 0.5953
Supporting reasons: Previously functioned as a pullback support which now has been broken, highlighting a potential bearish breakout.
1st support: 0.5872
Supporting reasons: Acts as a pullback support, suggesting a potential area for price stabilization or a minor rebound within the bearish context.
1st resistance: 0.6059
Supporting reasons: Identified as a pullback that aligns close to a 50% Fibonacci retracement level, marking a significant barrier that could cap further upward movements.
US30 (DJIA):
Potential Direction: Bullish
Overall momentum of the chart: Neutral
Price has made a bullish reversal close to the pivot and could potentially rise higher towards the 1st resistance
Pivot: 37,861.80
Supporting reasons: Acts as a pullback support where price has found strong buying interest in recent weeks.
1st support: 37,093.10
Supporting reasons: Identified as a pullback support that aligns with a 38.2% Fibonacci retracement level, suggesting a significant area where price has previously found strong buying interest and could provide a solid foundation to halt further downward movement.
1st resistance: 39,045.66
Supporting reasons: Identified as a pullback resistance that aligns close to a 61.8% Fibonacci retracement level, indicating a potential barrier that could cap further upward movements.
DE40 (DAX):
Potential Direction: Bullish
Overall momentum of the chart: Neutral
Price has made a bullish reversal close to the pivot and could potentially rise higher towards the 1st resistance
Pivot: 17,758.00
Supporting reasons: Identified as an overlap support that aligns close to a 23.6% Fibonacci retracement level, suggesting a potential zone where price has found strong buying interest in recent weeks.
1st support: 17,004.20
Supporting reasons: Acts as an overlap support that aligns with a 38.2% Fibonacci retracement level, suggesting a significant area where price has previously found strong buying interest and could provide a solid foundation to halt further downward movement.
1st resistance: 18,306.30
Supporting reasons: Identified as an overlap resistance that aligns with a 61.8% Fibonacci retracement level that could potentially function as a significant barrier that could cap further upward movements.
US500 (S&P 500):
Potential Direction: Bullish
Overall momentum of the chart: Neutral
Price has made a bullish reaction off the pivot and could potentially rise higher towards the 1st resistance
Pivot: 5,117.40
Supporting reasons: Acts as a pullback support where buying interest has increased in recent weeks.
1st support: 4,956.50
Supporting reasons: Acts as a pullback support that aligns close to a 23.6% Fibonacci retracement level suggesting a significant area where price has previously found strong buying interest, providing a solid foundation to halt further downward movement.
1st resistance: 5,263.47
Supporting reasons: Marked by a pullback resistance close to the all-time high, which could function as a potential barrier and cap further upward movements.
BTC/USD (Bitcoin):
Potential Direction: Bullish
Overall momentum of the chart: Neutral
Price is falling towards the pivot and could potentially make a bullish reaction off this level to rise higher towards the 1st resistance
Pivot: 63,289.43
Supporting reasons: Acts as a pullback support where buying interest has increased in recent weeks.
1st support: 52,565.55
Supporting reasons: Acts as a pullback support that aligns with a 61.8% Fibonacci retracement level, suggesting a significant area where price has previously found strong buying interest and could provide a solid foundation for potential price stabilization or a rebound.
1st resistance: 73,285.14
Supporting reasons: Marked by a pullback resistance that aligns close to the all-time high, indicating a significant barrier that could cap further upward movements.
ETH/USD (Ethereum):
Potential Direction: Bearish
Overall momentum of the chart: Bearish
Price has broken below the pivot and could potentially drop lower towards the 1st support
Pivot: 3,224.00
Supporting reasons: Previously functioned as a pullback support which now has been broken, highlighting a potential bearish breakout.
1st support: 2,609.35
Supporting reasons: Identified as an overlap support that aligns with a 78.6% Fibonacci retracement level suggesting a significant area where price has previously found support, providing a strong foundation to halt further downward movements.
1st resistance: 3,693.53
Supporting reasons: Identified as a pullback resistance that aligns with a 61.8% Fibonacci retracement level, marking a significant barrier that has previously capped further upward movements.
WTI/USD (Oil):
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price could potentially make a bullish reaction off the pivot and resume the uptrend to rise towards the 1st resistance
Pivot: 85.57
Supporting reasons: Marked by a pullback support, indicating a significant level where buying interest has increased recently.
1st support: 83.22
Supporting reasons: Identified as an overlap support that aligns close to a 23.6% Fibonacci retracement level, suggesting a significant area where price has previously found strong buying interest and could provide a solid foundation to halt further downward movements.
1st resistance: 90.40
Supporting reasons: Identified as a swing-high resistance, marking a significant barrier that could cap further upward movements.
XAU/USD (GOLD):
Potential Direction: Bearish
Overall momentum of the chart: Bullish
Price could potentially make a bearish reaction off pivot and drop to 1st support
Pivot: 2373.82
Supporting reasons: Pullback resistance, indicating a level where selling pressure might intensify, potentially leading to a reversal or continuation of the bullish trend.
1st support: 2196.97
Supporting reasons: Pullback support, suggesting a level where buyers might step in to support the price temporarily within the context of the overall bullish momentum.
1st resistance: 2504.97
Supporting reasons: 100% Fibonacci Projection, representing a level where the price might encounter selling pressure, potentially acting as a barrier to further upside movement within the context of the overall bullish momentum
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.
