DXY (US Dollar Index):

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price could potentially make a bearish reaction off pivot and drop to 1st support.

Pivot: 104.41
Supporting reasons: Identified as pullback resistance, indicating a level where selling pressure may intensify.

1st support: 103.73
Supporting reasons: Recognized as pullback support, coinciding with the 161.80% Fibonacci Extension, suggesting a historical level where buying interest may emerge.

1st resistance: 105.11
Supporting reasons: Noted as an overlap resistance, suggesting a level where selling pressure may intensify.

EUR/USD:

Potential Direction: Bullish
Overall momentum of the chart: Bullish

Price could potentially make a bullish bounce off pivot and head towards 1st resistance.

Pivot: 1.0881
Supporting reasons: Identified as pullback support, indicating a level where buying interest may emerge.

1st support: 1.0812
Supporting reasons: Recognized as an overlap support, suggesting a historical level where buying interest has emerged.

1st resistance: 1.0952
Supporting reasons: Noted as multi-swing high resistance, indicating a significant level where selling pressure may increase.

EUR/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: 171.60
Supporting reasons: Identified as swing high resistance, suggesting a level where selling pressure may intensify.

1st support: 169.44
Supporting reasons: Recognized as an overlap support, indicating a historical level where buying interest has emerged.

1st resistance: 173.69
Supporting reasons: Noted as 127.20% Fibonacci Extension, suggesting a potential area of resistance based on Fibonacci analysis.

EUR/GBP:

Potential Direction: Bullish
Overall momentum of the chart: Bullish

Price could potentially make a bullish bounce off pivot and head towards 1st resistance.

Pivot: 0.8513
Supporting reasons: Identified as an overlap support, indicating a historical level where buying interest has emerged.

1st support: 0.8495
Supporting reasons: Recognized as multi-swing low support, suggesting a significant level where buyers are likely to step in.

1st resistance: 0.8533
Supporting reasons: Noted as an overlap resistance and coinciding with the 38.20% Fibonacci Retracement, indicating a potential area where selling pressure may emerge based on Fibonacci analysis.

GBP/USD:

Potential Direction: Bullish
Overall momentum of the chart: Bullish

Price could potentially make a bullish bounce off pivot and head towards 1st resistance.

Pivot: 1.2794
Supporting reasons: Identified as pullback support, indicating a level where buying interest may emerge after a retracement.

1st support: 1.2697
Supporting reasons: Recognized as an overlap support, suggesting a historical level where buyers have previously intervened.

1st resistance: 1.2894
Supporting reasons: Noted as swing high resistance, indicating a significant level where selling pressure may intensify based on past price action.

GBP/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: 200.58
Supporting reasons: Identified as multi-swing high resistance, indicating a level where selling pressure has historically emerged.

1st support: 197.98
Supporting reasons: Recognized as pullback support, suggesting a level where buying interest may be present after a retracement.

1st resistance: 203.09
Supporting reasons: Noted as the 127.20% Fibonacci Extension, indicating a potential level where selling pressure may intensify based on Fibonacci analysis.

USD/CHF:

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price could potentially make a bearish reaction off pivot and drop to 1st support.

Pivot: 0.9010
Supporting reasons: Identified as pullback resistance, suggesting a level where selling pressure has historically been strong.

1st support: 0.8886
Supporting reasons: Recognized as pullback support, indicating a level where buying interest may emerge after a retracement.

1st resistance: 0.9094
Supporting reasons: Noted as pullback resistance, suggesting a level where selling pressure may intensify after a rebound.

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: 158.29
Supporting reasons: Identified as swing high resistance, indicating a level where selling pressure has historically been strong.

1st support: 154.79
Supporting reasons: Recognized as pullback support, suggesting a level where buying interest may emerge after a retracement.

1st resistance: 160.23
Supporting reasons: Noted as swing high resistance, suggesting a level where selling pressure may intensify.

USD/CAD:

Potential Direction: Bearish

Overall momentum of the chart: Neutral

Price is rising towards the pivot and could potentially make a bearish reaction off this level to drop towards the 1st support.

Pivot: 1.3655

Supporting reasons: Identified as a pullback resistance that aligns with a 38.2% Fibonacci retracement level, suggesting a significant area where selling pressures could intensify.

1st support: 1.3608

Supporting reasons: Identified as a swing-low support, suggesting an area where price could find strong buying interests to potentially halt any further downward movement.

1st resistance: 1.3681

Supporting reasons: Identified as a pullback resistance that aligns close to a 61.8% Fibonacci retracement level, marking a significant barrier that could cap further upward movements.

AUD/USD:

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 towards the 1st resistance.

Pivot: 0.6639

Supporting reasons: Identified as pullback support that aligns close to a 61.8% Fibonacci retracement level, suggesting an area where buying interests could pick up.

1st support: 0.6596

Supporting reasons: Acts as a pullback support that aligns close to a 50% Fibonacci retracement level, suggesting a significant area where price has found strong support recently to provide a basis to halt further downward movement.

1st resistance: 0.6712

Supporting reasons: Identified as a pullback resistance, marking a barrier that has previously capped upward movements.

NZD/USD

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 towards the 1st resistance.

Pivot: 0.6142

Supporting reasons: Identified as pullback support that aligns with a 50% Fibonacci retracement level, suggesting an area where buying interests could pick up.

1st support: 0.6086

Supporting reasons: Acts as a pullback support, suggesting a potential area where price could find strong support to halt further downward movement.

1st resistance: 0.6188

Supporting reasons: Identified as a swing-high resistance, marking a barrier that has previously capped upward movements.

US30 (DJIA):

Potential Direction: Bearish

Overall momentum of the chart: Neutral

Price could rise towards the pivot and potentially make a bearish reaction off this level to drop towards the 1st support.

Pivot: 38,810.72

Supporting reasons: Identified as a pullback resistance that aligns with a 38.2% Fibonacci retracement level, suggesting an area where selling pressures could intensify.

1st support: 38,094.51

Supporting reasons: Identified as a pullback support, suggesting a significant area where price could find strong buying interests to provide a solid foundation to halt further downward movement.

1st resistance: 39,152.86

Supporting reasons: Identified as a pullback resistance that aligns close to a 40% Fibonacci retracement level, indicating a potential barrier that could cap any upward movements.

DE40 (DAX):

Potential Direction: Bearish

Overall momentum of the chart: Neutral

Price could rise towards the pivot and potentially make a bearish reaction off this level to drop towards the 1st support.

Pivot: 18,683.70

Supporting reasons: Identified as a pullback resistance, suggesting an area where selling pressures could intensify.

1st support: 18,396.40

Supporting reasons: Acts as an overlap support that aligns close to a 38.2% Fibonacci retracement level, suggesting an area where buying interests could pick up to halt further downward movement.

1st resistance: 18,894.50

Supporting reasons: Identified as a pullback resistance, potentially functioning as a barrier that could cap any upward movements.

US500 (S&P 500): 

Potential Direction: Bearish

Overall momentum of the chart: Neutral

Price could rise towards the pivot and potentially make a bearish reaction off this level to drop towards the 1st support.

Pivot: 5,323.40

Supporting reasons: Identified as a pullback resistance, suggesting an area where selling pressures could intensify.

1st support: 5,212.67

Supporting reasons: Acts as an overlap support that aligns close to a 38.2% Fibonacci retracement level, suggesting a significant area where price could find strong buying interests to provide a solid foundation to halt further downward movement.

1st resistance: 5,379.25

Supporting reasons: Acts as a resistance that aligns with a 127.2% Fibonacci extension level, suggesting a significant area where selling pressures could intensify to cap further upward movement.

BTC/USD (Bitcoin):

Potential Direction: Bullish

Overall momentum of the chart: Neutral

Price could fall towards the pivot and potentially make a bullish reaction off this level to rise towards the 1st resistance.

Pivot: 67,114.23

Supporting reasons: Identified as a pullback support, suggesting an area where buying interests could pick up and stage a rebound in price.

1st support: 64,721.66

Supporting reasons: Acts as an overlap support that aligns close to a 50% Fibonacci retracement level, suggesting an area where buying interests could pick up to halt further downward movements.

1st resistance: 71,411.29

Supporting reasons: Marked by a pullback resistance, indicating a significant barrier that could cap further upward movements.

ETH/USD (Ethereum):

Potential Direction: Bullish

Overall momentum of the chart: Neutral

Price could fall towards the pivot and potentially make a bullish reaction off this level to rise towards the 1st resistance.

Pivot: 3,711.26

Supporting reasons: Identified as a pullback support that aligns with a 23.6% Fibonacci retracement level, suggesting an area where buying interests could pick up.

1st support: 3,533.08

Supporting reasons: Identified as an overlap support that aligns with a 38.2% Fibonacci retracement level, suggesting a significant area which could provide a strong foundation to halt further downward movements.

1st resistance: 3,959.62

Supporting reasons: Identified as a pullback resistance, marking a significant barrier that could cap further upward movements.

WTI/USD (Oil):

Potential Direction: Bullish

Overall momentum of the chart: Bearish

Price is falling towards the pivot and could potentially make a bullish reaction off this level to rise towards the 1st resistance.

Pivot: 72.06

Supporting reasons: Identified as a swing-low support, suggesting an area where buying interests could pick up for price to stage a minor rebound.

1st support: 69.83

Supporting reasons: Identified as a swing-low support, suggesting a significant area where price could find strong buying interests and provide a solid foundation to halt further downward movements.

1st resistance: 75.84

Supporting reasons: Identified as a pullback resistance, marking a significant barrier that could cap further upward movements.

XAU/USD (GOLD):

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price could potentially make a bearish reaction off pivot and drop to 1st support.

Pivot: 2360.00
Supporting reasons: Identified as an overlap resistance, indicating a historical level where selling pressure may be present.

1st support: 2308.58
Supporting reasons: Recognized as an overlap support, suggesting a historical level where buying interest has emerged, potentially acting as a level of support for price movement.

1st resistance: 2393.11
Supporting reasons: Noted as pullback resistance, coinciding with the 161.80% Fibonacci Extension, suggesting a level where selling pressure may intensify.

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.