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Tuesday 18th March 2025: Technical Outlook and Review

DXY (US Dollar Index):

Potential Direction: Bullish

Overall momentum of the chart: Bearish

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

Pivot: 103.41
Supporting reasons: Identified as an overlap support, indicating a potential area where buying interests could pick up to resume the uptrend.

1st support: 102.20
Supporting reasons: Identified as an overlap support, indicating a potential area where the price could stabilize once again.

1st resistance: 105.32
Supporting reasons: Identified as a pullback resistance that aligns close to the 50% Fibonacci retracement, indicating a potential level that could cap further upward movement.

EUR/USD:

Potential Direction: Bearish

Overall momentum of the chart: Bullish

Price could potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 1.0930
Supporting reasons: Identified as a multi swing high resistance, indicating a potential area where selling pressures could intensify.

1st support: 1.0766
Supporting reasons: Identified as a pullback support that aligns close to the 38.2% Fibonacci retracement, indicating a potential area where the price could stabilize once more.

1st resistance: 1.1100
Supporting reasons: Identified as a multi-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 potentially make a bullish continuation toward the 1st resistance

Pivot: 161.78
Supporting reasons: Identified as an overlap support, indicating a potential area where price could rebound

1st support: 159.17
Supporting reasons: Identified as an overlap support, indicating a potential area where the price could stabilize once again.

1st resistance: 164.74
Supporting reasons: Identified as a multi-swing high resistance, indicating a potential area that could halt any further upward movement.

EUR/GBP:

Potential Direction: Bearish
Overall momentum of the chart: Bullish

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

Pivot: 0.8435
Supporting reasons: Identified as an overlap resistance, indicating a potential area where selling pressures could intensify.

1st support: 0.8356
Supporting reasons: Identified as a pullback support that aligns close to the 50% Fibonacci retracement and the 100% Fibonacci projection, indicating a potential area where the price could stabilize once more.

1st resistance: 0.8472
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

Price could potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 1.3046

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

1st support: 1.2810
Supporting reasons: Identified as a pullback support that aligns with the 23.6% Fibonacci retracement, acting as a potential level where the price could stabilize once again.

1st resistance: 1.3237
Supporting reasons: Identified as an overlap resistance, indicating a potential level that could cap further upward movement.

GBP/JPY:

Potential Direction: Bearish
Overall momentum of the chart: Bearish

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

Pivot: 194.69
Supporting reasons: Identified as an overlap resistance that aligns close to the 100% Fibonacci projection, indicating a potential area where selling pressures could intensify.

1st support: 191.28
Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once more.

1st resistance: 107.27
Supporting reasons: Identified as an overlap resistance, indicating a potential level that could cap further upward movement.

USD/CHF:

Potential Direction: Bearish
Overall momentum of the chart: Bearish

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

Pivot: 0.89868

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

1st support: 0.8772
Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once again.

1st resistance: 0.8921
Supporting reasons: Identified as an overlap resistance that aligns close to the38.2% Fibonacci retracement, indicating a potential level that could cap further upward movement.

USD/JPY:

Potential Direction: Bearish
Overall momentum of the chart: Bearish

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

Pivot: 1510.10
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: 148.26
Supporting reasons: Identified as an overlap support, suggesting a potential area where the price could stabilize once more.

1st resistance: 151.39
Supporting reasons: Identified as an overlap resistance, indicating a potential level that could cap further upward movement.

USD/CAD:

Potential Direction: Bearish

Overall momentum of the chart: Bullish

Price could potentially make a bearish continuation toward the 1st support

Pivot: 1.4514

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

1st support: 1.4240
Supporting reasons: Identified as an overlap support, indicating a key level where the price could stabilize once more.

1st resistance: 1.4752
Supporting reasons: Identified as a swing-high resistance, indicating a potential area that could halt any further upward movement.

AUD/USD:

Potential Direction: Bullish

Overall momentum of the chart: Bearish

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

Pivot: 70.6330

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

1st support: 0.6253

Supporting reasons: Identified as a pullback support, suggesting a potential area where the price could stabilize once again.

1st resistance: 0.6403
Supporting reasons: Identified as a swing high resistance, indicating a potential area that could halt any further upward movement.

NZD/USD

Potential Direction: Bearish

Overall momentum of the chart: Neutral

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

Pivot: 0.5829

Supporting reasons: Identified as a pullback resistance that aligns close to the 127.2 Fibonacci extension, indicating a potential area where selling pressures could intensify.

1st support: 0.5771

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

1st resistance: 0.5891

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.

US30 (DJIA):

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price could make a bearish reversal off this level to fall towards the 1st support.

Pivot:  42,007.78

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

1st support: 40,656.66

Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once again.

1st resistance: 43,014.27

Supporting reasons: Identified as an overlap resistance that aligns close to the 50% Fibonacci retrtacement, indicating a potential area that could halt any further upward movement.

DE40 (DAX):

Potential Direction: Bullish
Overall momentum of the chart: Bearish

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

Pivot: 22,743.27

Supporting reasons: Identified as a pullback support t that aligns with the 61.8% Fibonacci retracement,, indicating a potential area where buying interests could pick up to stage a rebound.

1st support: 22,267.92

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

1st resistance: 23,273.88
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: Bearish
Overall momentum of the chart: Bearish

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

Pivot: 5,773.62

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

1st support: 5,611.31

Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once again.

1st resistance: 5,925.38

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

BTC/USD (Bitcoin):

Potential Direction: Bearish
Overall momentum of the chart: Bearish

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

Pivot: 85,416.42
Supporting reasons: Identified as an overlap resistance, indicating a potential area where selling pressures could intensify.

1st support: 80,172.46
Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once more.

1st resistance: 90,136.13
Supporting reasons: Identified as a pullback resistance that aligns close to the 100% Fibonacci projection, indicating a potential area that could halt any further upward movement.

ETH/USD (Ethereum):

Potential Direction: Bearish
Overall momentum of the chart: Bearish

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

Pivot: 2,046.05
Supporting reasons: Identified as a pullback resistance tha taligns close to the 50% Fibonacci retracement, indicating a potential area where selling pressures could intensify..

1st support: 1,750.14
Supporting reasons: Identified as a swing-low support, indicating a potential level where the price could stabilize once again.

1st resistance: 2,265.16
Supporting reasons: Identified as an overlap resistance, indicating a potential area that could halt any further upward movement.

WTI/USD (Oil):

Potential Direction: Bearish
Overall momentum of the chart: Bearish

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

Pivot: 68.92

Supporting reasons: Identified as a pullback resistance that aligns close to the 23.6% Fibonacci retracement, indicating a potential area where selling pressures could intensify. 

1st support: 65.59
Supporting reasons: Identified as a multi-swing-low support, indicating a key level where the price could stabilize once more.

1st resistance: 71.30
Supporting reasons: Identified as an overlap resistance that aligns close to the 38.2% 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 towards the pivot and potentially make a bullish bounce off this level to rise towards the 1st resistance.

Pivot: 2954.69

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

1st support: 2924.62
Supporting reasons: Identified as a pullback support t, acting as a potential level where price could stabilize once again.

1st resistance: 3033.45
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.

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