DXY (US Dollar Index):
Potential Direction: Bearish
Overall momentum of the chart: Bearish
The price could rise toward the pivot and potentially make a bearish reversal off this level, falling toward the 1st support. Additionally, the price is below the Ichimoku Cloud, which adds further significance to the strength of the bearish momentum.
Pivot: 100.34
Supporting reasons: Identified as an overlap resistance that aligns closely with the 61.8% Fibonacci retracement, indicating a potential area where selling pressures could intensify.
1st support: 98.32
Supporting reasons: Identified as a swing-low support that aligns closely with a 161.8% Fibonacci extension, indicating a potential area where the price could stabilize once again.
1st resistance: 101.78
Supporting reasons: Identified as an overlap resistance, indicating a potential level that could cap further upward movement.
EUR/USD:
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price could fall toward the pivot and potentially make a bullish bounce off this level to rise toward the 1st resistance. Additionally, the price is above the Ichimoku Cloud, which adds further significance to the strength of the bullish momentum.
Pivot: 1.1079
Supporting reasons: Identified as an overlap support that aligns closely with the 38.2% Fibonacci retracement, indicating a potential area where buying interests could pick up to stage a rebound.
1st support: 1.0752
Supporting reasons: Identified as a swing low support that aligns closely with the 50% Fibonacci retracement, indicating a potential area where the price could stabilize once more.
1st resistance: 1.1512
Supporting reasons: Identified as a swing high resistance, indicating a potential area that could halt any further upward movement.
EUR/JPY:
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price could fall toward the pivot and potentially make a bullish bounce off this level to rise toward the 1st resistance.
Pivot: 161.84
Supporting reasons: Identified as a swing low support, indicating a potential area where buying interests could pick up to stage a rebound.
1st support: 158.41
Supporting reasons: Identified as a swing low support, indicating a potential area where the price could stabilize once again.
1st resistance: 166.59
Supporting reasons: Identified as a swing-high resistance that aligns closely with the 61.8% Fibonacci projection, indicating a potential area that could halt any further upward movement.
EUR/GBP:
Potential Direction: Bearish
Overall momentum of the chart: Bearish
The price could rise toward the pivot and potentially make a bearish reversal off this level, falling toward the 1st support
Pivot: 0.8390
Supporting reasons: Identified as a pullback resistance that aligns closely with the 38.2% Fibonacci retracement, indicating a potential area where selling pressures could intensify.
1st support: 0.8332
Supporting reasons: Identified as a swing-low support, indicating a potential area where the price could stabilize once more.
1st resistance: 0.8412
Supporting reasons: Identified as an overlap resistance that aligns closely with the 61.8% Fibonacci projection, indicating a potential level that could cap further upward movement.
GBP/USD:
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price could fall toward the pivot and potentially make a bullish bounce off this level to rise toward the 1st resistance. Additionally, the price is above the Ichimoku Cloud, which adds further significance to the strength of the bullish momentum.
Pivot: 1.3411
Supporting reasons: Identified as an overlap support that aligns with the 23.6% Fibonacci retracement, indicating a potential area where buying interest could pick up to stage a rebound.
1st support: 1.3100
Supporting reasons: Identified as an overlap support, indicating a potential area where the price could stabilize once more.
1st resistance: 1.3714
Supporting reasons: Identified as a resistance that aligns with the 78.6% Fibonacci projection, indicating a potential level that could cap further upward movement.
GBP/JPY:
Potential Direction: Bearish
Overall momentum of the chart: Neutral
The price could potentially make a bearish reversal off this level, falling toward the 1st support.
Pivot: 196.03
Supporting reasons: Identified as an overlap resistance that aligns with the 78.6% Fibonacci retracement, indicating a potential area where selling pressures could intensify.
1st support: 192.05
Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once more.
1st resistance: 199.72
Supporting reasons: Identified as a swing-high resistance, indicating a potential level that could cap further upward movement.
USD/CHF:
Potential Direction: Bullish
Overall momentum of the chart: Bearish
Price could potentially make a bullish bounce off this level to rise toward the 1st resistance.
Pivot: 0.8197
Supporting reasons: Identified as an overlap support that aligns closely with the 78.6% Fibonacci retracement, indicating a potential area where buying interests could pick up to stage a rebound.
1st support: 0.8042
Supporting reasons: Identified as a swing-low support, indicating a potential level where the price could stabilize once again.
1st resistance: 0.8448
Supporting reasons: Identified as a swing-high resistance that aligns closely with the 38.2% Fibonacci retracement and the 78.6% Fibonacci projection, indicating a potential level that could cap further upward movement.
USD/JPY:
Potential Direction: Bullish
Overall momentum of the chart: Bearish
Price could fall toward the pivot and potentially make a bullish bounce off this level to rise toward the 1st resistance.
Pivot: 142.40
Supporting reasons: Identified as a multi-swing low support that aligns closely with the 78.6% Fibonacci retracement, indicating a potential area where buying interests could pick up to stage a rebound.
1st support: 139.58
Supporting reasons: Identified as a swing-low support, suggesting a potential area where the price could stabilize once more.
1st resistance: 148.45
Supporting reasons: Identified as a swing-high resistance that aligns with the 78.68% Fibonacci retracement, indicating a potential level that could cap further upward movement.
USD/CAD:
Potential Direction: Bullish
Overall momentum of the chart: Bearish
Price could fall toward the pivot and potentially make a bullish bounce off this level to rise toward the 1st resistance, staging a minor rebound. The presence of the red Ichimoku Cloud adds further significance to the strength of the downward momentum.
Pivot: 1.3595
Supporting reasons: Identified as an overlap support, indicating a potential area where buying interests could pick up to stage a minor rebound.
1st support: 1.3434
Supporting reasons: Identified as a multi-swing-low support that aligns closely with a 78.6 Fibonacci projection, indicating a key level where the price could stabilize once more.
1st resistance: 1.3982
Supporting reasons: Identified as a swing-high resistance that aligns with a 38.2% Fibonacci retracement, indicating a potential area that could halt any further upward movement.
AUD/USD:
Potential Direction: Bearish
Overall momentum of the chart: Bullish
Price is rising toward the pivot and could potentially make a bearish reversal off this level to pull back toward the 1st support. The presence of the green Ichimoku Cloud adds further significance to the strength of the upward momentum.
Pivot: 0.6545
Supporting reasons: Identified as an overlap resistance that aligns with a confluence of Fibonacci levels i.e. the 61.8% retracement and the 127.2% extension, indicating a potential area where selling pressures could intensify.
1st support: 0.6353
Supporting reasons: Identified as a multi-swing-low support that aligns closely with a 23.6% Fibonacci retracement, suggesting a potential area where the price could stabilize once again.
1st resistance: 0.6680
Supporting reasons: Identified as a swing-high resistance that aligns with a 161.8% Fibonacci extension, indicating a potential area that could halt any further upward movement.
NZD/USD
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price has made a bullish bounce off the pivot and could potentially rise toward the 1st resistance. The presence of the green Ichimoku Cloud adds further significance to the strength of the upward momentum.
Pivot: 0.6000
Supporting reasons: Identified as an overlap support, indicating a potential area where buying interests could pick up to resume the uptrend.
1st support: 0.5849
Supporting reasons: Identified as a swing-low support that aligns with a 38.2% Fibonacci retracement, suggesting a potential area where the price could stabilize once more.
1st resistance: 0.6124
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: Bullish
Price is rising toward the pivot and could potentially make a bearish reversal off this level to pull back toward the 1st support. The presence of the green Ichimoku Cloud adds further significance to the strength of the upward momentum.
Pivot: 43,339.19
Supporting reasons: Identified as an overlap resistance that aligns with a 78.6% Fibonacci retracement, indicating a potential area where selling pressures could intensify.
1st support: 41,374.60
Supporting reasons: Identified as an overlap support that aligns closely with a 23.6% Fibonacci retracement, suggesting a potential area where the price could stabilize once again.
1st resistance: 45,042.77
Supporting reasons: Identified as a multi-swing-high resistance, indicating a potential area that could halt any further upward movement.
DE40 (DAX):
Potential Direction: Bearish
Overall momentum of the chart: Bullish
Price is rising toward the pivot and could potentially make a bearish reversal off this level to pull back toward the 1st support. The presence of the green Ichimoku Cloud adds further significance to the strength of the upward momentum.
Pivot: 24,749.87
Supporting reasons: Identified as a resistance that aligns with a 127.2% Fibonacci extension, indicating a potential area where selling pressures could intensify.
1st support: 23,422.86
Supporting reasons: Identified as an overlap support, indicating a key level where the price could stabilize once more.
1st resistance: 26,365.34
Supporting reasons: Identified as a resistance that aligns with the 161.8% Fibonacci extension, indicating a potential area that could halt any further upward movement.
US500 (S&P 500):
Potential Direction: Bearish
Overall momentum of the chart: Bullish
Price is rising toward the pivot and could potentially make a bearish reversal off this level to pull back toward the 1st support. The presence of the green Ichimoku Cloud adds further significance to the strength of the upward momentum.
Pivot: 6,127.80
Supporting reasons: Identified as a multi-swing-high resistance that aligns with a 161.8% Fibonacci extension, indicating a potential area where selling pressures could intensify.
1st support: 5,796.40
Supporting reasons: Identified as an overlap support that aligns with a 23.6% Fibonacci retracement, indicating a potential level where the price could stabilize once again.
1st resistance: 6,280.47
Supporting reasons: Identified as a resistance that aligns with a 61.8% Fibonacci projection, indicating a potential area that could halt any further upward movement.
BTC/USD (Bitcoin):
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price is falling toward the pivot and could potentially make a bullish bounce off this level to rise toward the 1st resistance. The presence of the green Ichimoku Cloud adds further significance to the strength of the upward momentum.
Pivot: 101,052.33
Supporting reasons: Identified as a multi-swing-low support, indicating a potential area where buying interests could pick up to resume the uptrend.
1st support: 94,702.53
Supporting reasons: Identified as an overlap support that aligns closely with a 50% Fibonacci retracement, indicating a potential level where the price could stabilize once more.
1st resistance: 110,959.87
Supporting reasons: Identified as a swing-high resistance, indicating a potential area that could halt any further upward movement.
ETH/USD (Ethereum):
Potential Direction: Bullish
Overall momentum of the chart: Neutral
Price is falling toward the pivot and could potentially make a bullish bounce off this level to rise toward the 1st resistance. The presence of the green Ichimoku Cloud adds further significance to the strength of the upward momentum.
Pivot: 2,407.74
Supporting reasons: Identified as a multi-swing-low support, indicating a potential area where buying interests could pick up to stage a rebound.
1st support: 2,084.12
Supporting reasons: Identified as an overlap support that aligns with a 50% Fibonacci retracement, indicating a potential level where the price could stabilize once again.
1st resistance: 2,811.10
Supporting reasons: Identified as a multi-swing-high resistance that aligns closely with a 50% Fibonacci retracement, indicating a potential area that could halt any further upward movement.
WTI/USD (Oil):
Potential Direction: Bearish
Overall momentum of the chart: Neutral
Price could rise toward the pivot and potentially make a bearish reversal off this level to fall toward the 1st support. The presence of the red Ichimoku Cloud adds further significance to the strength of the downward momentum.
Pivot: 66.66
Supporting reasons: Identified as a pullback resistance that aligns closely with a 61.8% Fibonacci retracement, indicating a potential area where selling pressures could intensify.
1st support: 60.10
Supporting reasons: Identified as a multi-swing-low support, indicating a key level where the price could stabilize once more.
1st resistance: 71.18
Supporting reasons: Identified as a -swing-high resistance that aligns with a 61.8% Fibonacci retracement, indicating a potential area that could halt any further upward movement.
XAU/USD (GOLD):
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price could fall toward the pivot and potentially make a bullish bounce off this level to rise toward the 1st resistance.
Pivot: 3132.12
Supporting reasons: Identified as an overlap support that aligns closely with the 38.2% and the 61.8% Fibonacci retracement, indicating a potential area where buying interests could pick up to stage a rebound.
1st support: 2954.94
Supporting reasons: Identified as an overlap support that aligns closely with the 61.8% Fibonacci retracement, acting as a potential level where price could stabilize once again.
1st resistance: 3,430.57
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.
