DXY (U.S. Dollar Index):
Potential Direction: Bullish
Overall momentum of the chart: Bearish
The price is trading near the pivot and could make a bullish bounce off and rise toward the 1st resistance.
Pivot: 98.63
Supporting reasons: Identified as an overlap support, indicating a potential area where buying interest could pick up.
1st support: 96.62
Supporting reasons: Identified as a swig low support, indicating a potential area where the price could again stabilize.
1st resistance: 101.90
Supporting reasons: Identified as an overlap resistance, indicating a potential area that could halt any further upward movement.
EUR/USD:
Potential Direction: Bearish
Overall momentum of the chart: Bullish
The price has already tested the pivot and is rejecting it, moving downward to the 1st support
Pivot: 1.1587
Supporting reasons: Identified as a pullback resistance, indicating a potential area where selling pressures could intensify.
1st support: 1.1186
Supporting reasons: Identified as a pullback support that aligns with the 38.2% Fibonacci retracement, indicating a potential level where the price could stabilize once again.
1st resistance: 1.1807
Supporting reasons: Identified as a swing high resistance, indicating a potential level that could cap further upward movement.
EUR/JPY:
Potential Direction: Bearish
Overall momentum of the chart: Bullish
The price could rise toward the pivot and make a bearish reversal off this level and drop toward the 1st support.
Pivot: 171.89
Supporting reasons: Identified as a pullback resistance, indicating a potential area where selling pressures could intensify.
1st support: 168.27
Supporting reasons: Identified as a pullback support that aligns closely with the 38.2% Fibonacci retracement, indicating a potential area where the price could again stabilize.
1st resistance: 175.21
Supporting reasons: Identified as a swing high resistance, indicating a potential level that could cap further upward movement.
EUR/GBP:
Potential Direction: Bearish
Overall momentum of the chart: Bullish
The price could rise toward the pivot and make a bearish reversal off this level and drop toward the 1st support.
Pivot: 0.8766
Supporting reasons: Identified as a pullback resistance, indicating a potential area where selling pressures could intensify.
1st support: 0.8563
Supporting reasons: Identified as a pullback support that aligns with the 50% Fibonacci retracement, indicating a potential area where the price could stabilize once more.
1st resistance: 0.8876
Supporting reasons: Identified as a swing high resistance, indicating a potential level that could cap further upward movement.
GBP/USD:
Potential Direction: Bearish
Overall momentum of the chart: Bullish
The price could rise toward the pivot and make a bearish reversal off this level and drop toward the 1st support.
Pivot: 1.3104
Supporting reasons: Identified as a pullback resistance, indicating a potential area where selling pressures could intensify..
1st support: 1.3104
Supporting reasons: Identified as an overlap support that aligns closely with the 38.2% Fibonacci retracement and the 100% Fibonacci projection, indicating a potential area where the price could stabilize once more.
1st resistance: 1.3622
Supporting reasons: Identified as a pullback resistance, indicating a potential level that could halt further upward movement.
GBP/JPY:
Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price is trading near the pivot and could make a bullish bounce off this level and rise toward the 1st resistance
Pivot: 195.05
Supporting reasons: Identified as a pullback support, indicating a potential area where buying interest could pick up.
1st support: 192.21
Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once more.
1st resistance: 198.18
Supporting reasons: Identified as a pullback resistance, indicating a potential level that could halt further upward movement.
USD/CHF:
Potential Direction: Bullish
Overall momentum of the chart: Bearish
The price has already tested the pivot and could make a bullish rise toward the 1st resistance.
Pivot: 0.8044
Supporting reasons: Identified as a pullback support, indicating a potential area where selling interests could pick up to stage a rebound.
1st support: 0.7893
Supporting reasons: Identified as a swing low support, indicating a potential level where the price could stabilize once again.
1st resistance: 0.8198
Supporting reasons: Identified as an overlap resistance, indicating a potential level that could cap further upward movement.
USD/JPY:
Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price is trading near the pivot and could make a bullish bounce off this level and rise toward the 1st resistance
Pivot: 146.74
Supporting reasons: Identified as a pullback support, indicating a potential area where buying interest could pick up
1st support: 142.12
Supporting reasons: Marked as an overlap support, indicating a strong area where buyers might return, and the price could stabilize once again.
1st resistance: 150.99
Supporting reasons: Identified as an overlap resistance. This level represents the next key area where upward movement could be capped amid increased selling pressure
USD/CAD:
Potential Direction: Bullish
Overall momentum of the chart: Bearish
The price is trading bear the pivot and could make a bullish bounce off this level and rise toward the 1st resistance.
Pivot: 1.3753
Supporting reasons: Identified as a pullback support that aligns closely with the 50% Fibnacco retracement. This level may attract buying interest, acting as a springboard for further upward momentum.
1st support: 1.3560
Supporting reasons: Identified as a swing low support, indicating a key level where the price could stabilize once more.
1st resistance: 1.4025
Supporting reasons: Identified as an overlap resistance, making it a possible target for bullish advances and a level where some sellers could return to cap gains
AUD/USD:
Potential Direction: Bearish
Overall momentum of the chart: Bullish
The price has already tested the pivot and is rejecting it, moving downward to the 1st support
Pivot: 0.6484
Supporting reasons: Identified as a pullback resistance, indicating a potential area where selling pressures could intensify.
1st support: 0.6327
Supporting reasons: Identified as a pullback support lines up closely with the 38.2% Fibonacci retracement, this area has provided strong support historically and may attract buying interest for a potential short-term bounce
1st resistance: 0.6642
Supporting reasons: Identified as an overlap resistance, indicating a potential area that could halt any further upward movement.
NZD/USD
Potential Direction: Bearish
Overall momentum of the chart: Bullish
The price has already tested the pivot and is rejecting it, moving downward to the 1st support
Pivot: 0.5924
Supporting reasons: Identified as a pullback resistance, indicating a potential area where selling pressures could intensify.
1st support: 0.5822
Supporting reasons: Identified as a pullback support lining up closely with the 161.8% Fibonacci extension, this area has provided strong support historically and may attract buying interest for a potential short-term bounce
1st resistance: 0.6043
Supporting reasons: Identified as a swing high resistance, indicating a potential area that could halt any further upward movement.
US30 (DJIA):
Potential Direction: Bearish
Overall momentum of the chart: Bullish
The price could rise toward the pivot and make a bearish reversal off and fall toward the 1st support.
Pivot: 43,947.87
Supporting reasons: Identified as a pullback resistance, indicating a potential area where selling interests could pick up to resume the downtrend.
1st support: 42,659.87
Supporting reasons: Identified as a pullback support, suggesting a potential area where the price could stabilize once again.
1st resistance: 45,102.80
Supporting reasons: Identified as a swing high resistance t indicating a potential area that could halt any further upward movement.
DE40 (DAX):
Potential Direction: Bearish
Overall momentum of the chart: Bullish
The price is rising toward the pivot and could make a bearish reversal off and fall toward the 1st support.
Pivot: 23,978.78
Supporting reasons: Identified as a pullback resistance, indicating a potential area where selling interests could pick up to resume the downtrend.
1st support: 23,358.49
Supporting reasons: Identified as an overlap support that aligns closely with the 23.6% Fibonacci retracement, indicating a key level where the price could stabilize once more.
1st resistance: 24,638.04
Supporting reasons: Identified as a swing high resistance, indicating a potential area that could halt any further upward movement.
US500 (S&P 500):
Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price is falling toward the pivot and could make a bullish bounce off and rise toward the 1st resistance.
Pivot: 6,143.82
Supporting reasons: Identified as a pullback support, indicating a potential area where buying interests could pick up to resume the uptrend.
1st support: 5,780.84
Supporting reasons: Identified as an overlap support that aligns with the 38.2% Fibonacci retracement, indicating a potential level where the price could stabilize once again.
1st resistance: 6,413.72
Supporting reasons: Identified as a swing high resistance, indicating a potential area that could halt any further upward movement.
BTC/USD (Bitcoin):
Potential Direction: Bearish
Overall momentum of the chart: Bullish
The price could rise toward the pivot and make a bearish reversal off this level and drop toward the 1st support.
Pivot: 116.992
Supporting reasons: Identified as a pullback resistance, indicating a potential area where selling pressures could intensify.
1st support: 110.825.84
Supporting reasons: Identified as a pullback support that lines up with the 50% Fibonacci retracement, indicating a potential level where the price could stabilize once more.
1st resistance: 120,451.07
Supporting reasons: Identified as a swing high resistance, indicating a potential area that could halt any further upward movement.
ETH/USD (Ethereum):
Potential Direction: Bearish
Overall momentum of the chart: Bullish
The price is trading near the pivot and could make a bearish fall toward the 1st suport
Pivot: 3,580.58
Supporting reasons: Identified as a pullback resistance, indicating a potential area where selling pressures could intensify.
1st support: 3,305.31
Supporting reasons: Identified as a pullback support that aligns closely with the 38.2% Fibonacci retracement, indicating a potential level where the price could stabilize once more.
1st resistance: 3,950.23
Supporting reasons: Identified as a swing high resistance, indicating a potential area that could halt any further upward movement.
WTI/USD (Oil):
Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price could fall toward the pivot and make a bullish bounce off this level and rise toward the 1st resistance.
Pivot: 64.26
Supporting reasons: Identified as a pullback support that lines up with the 61.8% Fibonacci retracement, indicating a potential area where selling interests could pick up to stage a rebound.
1st support: 57.52
Supporting reasons: Identified as a multi-swing swing low support, indicating a key level where the price could stabilize once more.
1st resistance: 71.40
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
The price could continue its downward trend toward the 1st support
Pivot: 3,369.89
Supporting reasons: Identified as a pullback resistance, indicating a potential area where selling pressures could intensify.
1st support: 3,140.48
Supporting reasons: Identified as an overlap support, indicating a key level where the price could stabilize once more.
1st resistance: 3,503.36
Supporting reasons: Identified as a swing high resistance, 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.
