DXY (US Dollar Index):
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Factors contributing to the momentum is that price is: Above the bullish Ichimoku cloud
Price could potentially make a: Bullish continuation towards 1st resistance
Pivot: 105.94
Supporting reasons: An Overlap support, indicating a significant level where buying interest might be present, potentially providing a foundation for further upside movement.
1st support: 105.10
Supporting reasons: An Overlap support, suggesting a level where buyers might step in to support the price, potentially providing a foundation for a bounce or temporary halt in the bullish momentum.
1st resistance: 106.89
Supporting reasons: An Overlap resistance combined with a 161.80% Fibonacci Extension, representing a level where selling pressure might increase, potentially acting as a barrier to further upside movement within the context of the overall bullish trend.
EUR/USD:
Potential Direction: Bearish
Overall momentum of the chart: Bearish
Factors contributing to the momentum is that price is: Below the bearish Ichimoku cloud
Price could potentially make a: Bearish break off pivot and drop towards 1st support
Pivot: 1.0610
Supporting reasons: Pullback resistance, indicating a significant level where selling pressure might intensify, potentially leading to a reversal or temporary halt in the bearish momentum.
1st support: 1.0550
Supporting reasons: 161.80% Fibonacci Extension, representing a level where buyers might step in to support the price, potentially providing a foundation for a bounce or temporary halt in the bearish momentum.
1st resistance: 1.0689
Supporting reasons: Swing high resistance, representing a level where selling pressure might increase, potentially acting as a barrier to further upside movement within the context of the overall bearish trend.
EUR/JPY:
Potential Direction: Bearish
Overall momentum of the chart: Bearish
Price could potentially make a: Bearish break off pivot and drop towards 1st support
PIvot: 163.57
Supporting reasons: Pullback resistance, indicating a significant level where selling pressure might intensify, potentially leading to a reversal or temporary halt in the bearish momentum.
1st support: 162.53
Supporting reasons: An Overlap support, suggesting a level where buyers might step in to support the price, potentially providing a foundation for a bounce or temporary halt in the bearish momentum.
1st resistance: 165.14
Supporting reasons: Swing high resistance, representing a level where selling pressure might increase, potentially acting as a barrier to further upside movement within the context of the overall bearish trend.
EUR/GBP:
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price could potentially make a: Bullish continuation towards 1st resistance
Pivot: 0.8549
Supporting reasons: An Overlap support combined with a 38.20% Fibonacci Retracement, indicating a significant level where buying interest might be present, potentially providing a foundation for further upside movement.
1st support: 0.8531
Supporting reasons: Multi-swing low support, suggesting a level where buyers might step in to support the price, potentially providing a foundation for a bounce or temporary halt in the bullish momentum.
1st resistance: 0.8582
Supporting reasons: Multi-swing high resistance, representing a level where selling pressure might increase, potentially acting as a barrier to further upside movement within the context of the overall bullish trend.
GBP/USD:
Instrument: GBP/USD
Potential Direction: Bearish
Overall momentum of the chart: Bearish
Price could potentially make a: Bearish break off pivot and drop towards 1st support
Pivot: 1.2424
Supporting reasons: Pullback resistance, indicating a significant level where selling pressure might intensify, potentially leading to a reversal or temporary halt in the bearish momentum.
1st support: 1.2338
Supporting reasons: Multi-swing low support combined with a 161.80% Fibonacci Extension, suggesting a level where buyers might step in to support the price, potentially providing a foundation for a bounce or temporary halt in the bearish momentum.
1st resistance: 1.2484
Supporting reasons: Multi-swing high resistance, representing a level where selling pressure might increase, potentially acting as a barrier to further upside movement within the context of the overall bearish trend.
GBP/JPY:
Potential Direction: Bearish
Overall momentum of the chart: Bearish
Price could potentially make a: Bearish break off pivot and drop towards 1st support
Pivot: 191.58
Supporting reasons: Pullback resistance, indicating a significant level where selling pressure might intensify, potentially leading to a reversal or temporary halt in the bearish momentum.
1st support: 190.08
Supporting reasons: An Overlap support, suggesting a level where buyers might step in to support the price, potentially providing a foundation for a bounce or temporary halt in the bearish momentum.
1st resistance: 192.79
Supporting reasons: Multi-swing high resistance, representing a level where selling pressure might increase, potentially acting as a barrier to further upside movement within the context of the overall bearish trend.
USD/CHF:
Potential Direction: Bearish
Overall momentum of the chart: Bearish
Price could potentially make a: Bearish break off pivot and drop towards 1st support
Pivot: 0.9089
Supporting reasons: Pullback resistance, indicating a significant level where selling pressure might intensify, potentially leading to a reversal or temporary halt in the bearish momentum.
1st support: 0.9024
Supporting reasons: An Overlap support, suggesting a level where buyers might step in to support the price, potentially providing a foundation for a bounce or temporary halt in the bearish momentum.
1st resistance: 0.9148
Supporting reasons: Multi-swing high resistance, representing a level where selling pressure might increase, potentially acting as a barrier to further upside movement within the context of the overall bearish trend.
USD/JPY:
Potential Direction: Bearish
Overall momentum of the chart: Bullish
Price could potentially make a: Bearish continuation towards 1st support
Pivot: 154.81
Supporting reasons: Multi-swing high resistance, indicating a level where selling pressure might intensify, potentially leading to a reversal or temporary halt in the bullish momentum, supported by the 78.60% Fibonacci Projection.
1st support: 151.93
Supporting reasons: Pullback support, suggesting a level where buyers might step in to support the price, potentially providing a foundation for a bounce or temporary halt in the bearish momentum.
1st resistance: 157.04
Supporting reasons: 100% Fibonacci Projection, representing a level where selling pressure might increase, potentially acting as a barrier to further upside movement within the context of the overall bullish trend.
USD/CAD:
Potential Direction: Bearish
Overall momentum of the chart: Bullish
Price could rise towards the pivot and potentially make a bearish reaction off this level to drop towards the 1st support
Pivot: 1.3828
Supporting reasons: Acts as a pullback resistance that aligns close to a 78.6% Fibonacci projection level, suggesting an area where price could potentially stall and pull back before resuming the uptrend.
1st support: 1.3753
Supporting reasons: Identified as a pullback support, suggesting an area where price could find strong buying interest to provide a foundation for potential price stabilization.
1st resistance: 1.3888
Supporting reasons: Identified as a swing-high resistance that aligns close to a 127.2% Fibonacci extension level, marking a significant barrier that could cap further upward movements.
AUD/USD:
Potential Direction: Bearish
Overall momentum of the chart: Bearish
Price has broken below the pivot and could potentially drop towards the 1st support
Pivot: 0.6397
Supporting reasons: Previously functioned as a pullback support which now has been broken due to the strong bearish momentum.
1st support: 0.6348
Supporting reasons: Acts as a swing-low support, suggesting a significant area where price has previously found strong support and could provide a basis to halt further downward movement.
1st resistance: 0.6447
Supporting reasons: Identified as a pullback resistance, marking a barrier that has previously capped upward movements.
NZD/USD
Potential Direction: Bearish
Overall momentum of the chart: Bearish
Price has broken below the pivot and could potentially drop towards the 1st support
Pivot: 0.5863
Supporting reasons: Previously functioned as a pullback support which now has been broken due to the strong bearish momentum.
1st support: 0.5779
Supporting reasons: Acts as a swing-low support, suggesting a potential area for price stabilization or a minor rebound within the bearish context.
1st resistance: 0.5930
Supporting reasons: Identified as a pullback resistance, marking a barrier that has previously capped upward movements.
US30 (DJIA):
Potential Direction: Bearish
Overall momentum of the chart: Bearish
Price has broken below the pivot and could potentially drop towards the 1st support
Pivot: 37,672.13
Supporting reasons: Previously functioned as a pullback support which now has been broken due to the strong bearish momentum.
1st support: 37,164.30
Supporting reasons: Identified as a pullback support, suggesting a significant area where price has previously found strong buying interest and could provide a solid foundation to halt further downward movement.
1st resistance: 38,025.73
Supporting reasons: Identified as a pullback resistance, indicating a potential barrier that could cap any upward movements.
DE40 (DAX):
Potential Direction: Bearish
Overall momentum of the chart: Bearish
Price has broken below the pivot and could potentially drop towards the 1st support
Pivot: 17,666.40
Supporting reasons: Previously functioned as a pullback support which now has been broken due to the strong bearish momentum.
1st support: 17,431.30
Supporting reasons: Acts as a pullback support that aligns with a 61.8% Fibonacci retracement level, suggesting a significant area where price has previously found strong buying interest and could provide a solid foundation to halt further downward movement.
1st resistance: 17,901.10
Supporting reasons: Identified as a pullback resistance that aligns with 23.6% Fibonacci retracement level, potentially functioning as a barrier that could cap any upward movements.
US500 (S&P 500):
Potential Direction: Bearish
Overall momentum of the chart: Bearish
Price has broken below the pivot and could potentially drop towards the 1st support
Pivot: 4,953.70
Supporting reasons: Previously functioned as a pullback support which now has been broken due to the strong bearish momentum.
1st support: 4,848.25
Supporting reasons: Acts as a pullback support suggesting a significant area where price has previously found strong buying interest, providing a solid foundation to halt further downward movement.
1st resistance: 5,006.20
Supporting reasons: Marked by a pullback resistance, which could function as a potential barrier and cap any upward movements.
BTC/USD (Bitcoin):
Potential Direction: Bullish
Overall momentum of the chart: Neutral
Price could potentially make a bullish reaction off the pivot and rise towards the 1st resistance
Pivot: 59,525.62
Supporting reasons: Acts as a pullback support that aligns with the 61.8% Fibonacci retracement and the 161.8% Fibonacci extension levels, suggesting a significant area where price has previously found strong buying interest and could provide a solid foundation for potential price stabilization or a rebound
1st support: 52,866.49
Supporting reasons: Acts as a pullback support, suggesting a significant area where price has previously found strong buying interest and could provide a solid foundation for potential price stabilization or a rebound.
1st resistance: 64,275.47
Supporting reasons: Marked by a pullback resistance that aligns close to a 38.2% Fibonacci retracement, indicating a significant barrier that could cap further upward movements.
ETH/USD (Ethereum):
Potential Direction: Bullish
Overall momentum of the chart: Neutral
Price could potentially make a bullish reaction off the pivot and rise towards the 1st resistance
Pivot: 2,847.25
Supporting reasons: Identified as an overlap support that aligns close to a 61.8% Fibonacci retracement level suggesting a significant area where price has previously found support, providing a strong foundation for a potential rebound.
1st support: 2,685.96
Supporting reasons: Identified as an overlap support that aligns close to a 78.6% Fibonacci retracement level suggesting a significant area where price has previously found support, providing a strong foundation to halt further downward movements.
1st resistance: 3,111.04
Supporting reasons: Identified as an overlap resistance, marking a significant barrier that could cap further upward movements.
WTI/USD (Oil):
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price has made a bullish reaction through the pivot and could potentially rise towards the 1st resistance
Pivot: 82.68
Supporting reasons: Previously functioned as an overlap resistance which now has been broken due to the strong bullish momentum.
1st support: 81.01
Supporting reasons: Identified as a pullback support that aligns with a 61.8% Fibonacci retracement level, suggesting a significant area where price has previously found strong buying interest and could provide a solid foundation to halt further downward movements.
1st resistance: 87.77
Supporting reasons: Identified as a pullback resistance, marking a significant barrier that could cap further upward movements.
XAU/USD (GOLD):
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price could potentially make a: Bullish bounce off pivot and heads towards 1st resistance
Pivot: 2404.73
Supporting reasons: Pullback resistance, indicating a level where selling pressure might intensify, potentially providing a barrier to further upside movement.
1st support: 2363.29
Supporting reasons: An Overlap support, suggesting a level where buyers might step in to support the price, potentially providing a foundation for a bounce or temporary halt in the bullish momentum.
1st resistance: 2431.00
Supporting reasons: Swing high resistance, representing a level where selling pressure might increase, potentially acting as a barrier to further upside 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, 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.
