ICMarket

Tuesday 10th June 2025: Technical Outlook and Review

DXY (US Dollar Index):

Potential Direction: Bullish

Overall momentum of the chart: Bearish

The price could potentially make a bullish continuation toward the 1st resistance.

Pivot: 98.91

Supporting reasons: Identified as an overlap support that aligns closely with the 50% Fibonacci retracement, indicating a potential area where buying interests could pick up to stage a rebound.

1st support: 98.36

Supporting reasons: Identified as a swing-low support, indicating a potential area where the price could stabilize once again.

1st resistance: 99.60
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

The price could potentially make a bearish continuation 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: 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: 164.17

Supporting reasons: Identified as a pullback support, indicating a potential area where buying interests could pick up to stage a rebound.

1st support: 163.35
Supporting reasons: Identified as a swing low support, indicating a potential area where the price could stabilize once again.

1st resistance: 165.41
Supporting reasons: Identified as an overlap resistance that aligns with the 78.6% Fibonacci projection, indicating a potential area that could halt any further upward movement.

EUR/GBP: 

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: 0.8402

Supporting reasons: Identified as an overlap support that aligns with the 50% Fibonacci retracement, indicating a potential area where buying interests could pick up to stage a rebound.

1st support: 0.8364
Supporting reasons: Identified as a swing-low support, indicating a potential area where the price could stabilize once more.

1st resistance: 0.8466
Supporting reasons: Identified as a pullback resistance, 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. 

Pivot: 1.3505

Supporting reasons: Identified as an overlap support that aligns with the 50% Fibonacci retracement, indicating a potential area where buying interest could pick up to stage a rebound.

1st support: 1.3415
Supporting reasons: Identified as an overlap support, indicating a potential area where the price could stabilize once more.

1st resistance: 1.3585
Supporting reasons: Identified as a multi-swing high resistance, indicating a potential level that could cap further upward movement.

GBP/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: 195.29

Supporting reasons: Identified as a pullback support, indicating a potential area where buying interest could pick up to stage a rebound.

1st support: 194.51

Supporting reasons: Identified as a pullback support, indicating a potential level where the price could stabilize once more.

1st resistance: 197.31
Supporting reasons: Identified as a resistance that aligns with the 127.2% Fibonacci extension, indicating a potential level that could cap further upward movement.

USD/CHF:

Potential Direction: Bearish

Overall momentum of the chart: Bearish

Price is rising toward the pivot and could potentially make a bearish reversal off this level and fall toward the 1st support. 

Pivot: 0.8264

Supporting reasons: Identified as a pullback resistance that aligns closely with the 50% Fibonacci retracement, indicating a potential area where selling pressures could intensify.

1st support: 0.8207
Supporting reasons: Identified as a swing-low support, indicating a potential level where the price could stabilize once again.

1st resistance: 0.8341
Supporting reasons: Identified as a swing-high resistance, indicating a potential level that could cap further upward movement.

USD/JPY:

Potential Direction: Bullish

Overall momentum of the chart: Bearish

Price could potentially make a bullish continuation toward the 1st resistance.  

Pivot: 144.29

Supporting reasons: Identified as an overlap support, indicating a potential area where buying interests could pick up to stage a rebound.

1st support: 143.28
Supporting reasons: Identified as a pullback support, suggesting a potential area where the price could stabilize once more.

1st resistance: 146.17
Supporting reasons: Identified as a swing-high resistance, indicating a potential level that could cap further upward movement.

USD/CAD:

Potential Direction: Bearish

Overall momentum of the chart: Bearish

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 red Ichimoku Cloud adds further significance to the strength of the downward momentum.

Pivot: 1.3733

Supporting reasons: Identified as a swing-high resistance that aligns closely with a 50% Fibonacci retracement, indicating a potential area where selling pressures could intensify.

1st support: 1.3655
Supporting reasons: Identified as a multi-swing-low support, indicating a key level where the price could stabilize once more.

1st resistance: 1.3793

Supporting reasons: Identified as a pullback resistance that aligns closely with a 61.8% Fibonacci retracement, indicating a potential area that could halt any further upward movement.

AUD/USD:

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: 0.6483

Supporting reasons: Identified as a multi-swing-low support that aligns closely with a 38.2% Fibonacci retracement, indicating a potential area where buying interests could pick up to resume the uptrend.

1st support: 0.6447

Supporting reasons: Identified as a swing-low support that aligns closely with a confluence of Fibonacci levels i.e. the 61.8% retracement and the 161.8% extension, suggesting a potential area where the price could stabilize once again.

1st resistance: 0.6537
Supporting reasons: Identified as a multi-swing-high resistance, indicating a potential area that could halt any further upward movement.

NZD/USD

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: 0.5989
Supporting reasons: Identified as an overlap support that aligns closely with a confluence of Fibonacci levels i.e. the 38.2% retracement and the 127.2% extension, indicating a potential area where buying interests could pick up to resume the uptrend.

1st support: 0.5939

Supporting reasons: Identified as a multi-swing-low support that aligns with a 61.8% Fibonacci retracement, suggesting a potential area where the price could stabilize once more.

1st resistance: 0.6080

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

Price is trading close to 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 overall upward momentum.

Pivot: 42,875.20

Supporting reasons: Identified as a multi-swing-high resistance, indicating a potential area where selling pressures could intensify.

1st support: 42,240.10

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 again.

1st resistance: 43,346.06

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.

DE40 (DAX):

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: 24,152.30
Supporting reasons: Identified as an overlap support that aligns closely with a 50% Fibonacci retracement, indicating a potential area where buying interests could pick up to resume the uptrend.

1st support: 23,750.30

Supporting reasons: Identified as a swing-low support, indicating a key level where the price could stabilize once more.

1st resistance: 24,546.74
Supporting reasons: Identified as a resistance that aligns with the 61.8% Fibonacci projection, indicating a potential area that could halt any further upward movement.

US500 (S&P 500): 

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: 5,984.70

Supporting reasons: Identified as an overlap support, indicating a potential area where buying interests could pick up to resume the uptrend.

1st support: 5,925.75

Supporting reasons: Identified as a swing-low support that aligns with a 38.2% Fibonacci retracement, indicating a potential level where the price could stabilize once again.

1st resistance: 6,088.28

Supporting reasons: Identified as a resistance that aligns with a confluence of Fibonacci levels i.e. the 100% projection and the 161.8% extension, 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.

Pivot: 108,446.67

Supporting reasons: Identified as an overlap support that aligns closely with a 23.6% Fibonacci retracement, indicating a potential area where buying interests could pick up to resume the uptrend.

1st support: 106,491.59
Supporting reasons: Identified as a pullback support that aligns closely with a 38.2% Fibonacci retracement, indicating a potential level where the price could stabilize once more.

1st resistance: 111,566.95
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.

Pivot: 2,642.01
Supporting reasons: Identified as a pullback support that aligns with a 23.6% Fibonacci retracement, indicating a potential area where buying interests could pick up to stage a rebound.

1st support: 2,548.35
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: 2,788.17
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

Price could fall toward the pivot and 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: 64.55

Supporting reasons: Identified as a pullback support, indicating a potential area where buying interests could pick up to resume the uptrend.

1st support: 63.39
Supporting reasons: Identified as a pullback support, indicating a key level where the price could stabilize once more.

1st resistance: 65.80
Supporting reasons: Identified as a pullback resistance that aligns closely with 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 continuation toward the 1st support. 

Pivot: 3338.97

Supporting reasons: Identified as an overlap resistance, indicating a potential area where selling pressures could intensify.

1st support: 3289.15
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: 3363.63
Supporting reasons: Identified as an overlap resistance, indicating a potential area that could halt any further upward movement.

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