DXY (US Dollar Index):
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Factors contributing to the momentum include the price being above the bullish Ichimoku cloud, indicating a strong bullish sentiment.
Price could potentially make a bullish continuation toward 1st resistance
Pivot: 104.12
Supporting reasons: Acts as an Overlap support with a 50% Fibonacci Retracement, indicating a key level where buying interest might intensify, suggesting a solid foundation for a potential upward movement within the context of the overall bullish trend.
1st support: 102.64
Supporting reasons: Known as Pullback support, suggesting a significant area where the market has previously found strong buying interest, providing a foundation for potential price stabilization or a minor rebound, reinforcing the bullish momentum.
1st resistance: 105.52
Supporting reasons: Identified as Pullback resistance with a 127.20% Fibonacci Extension, marking a significant barrier that could cap upward movements.
EUR/USD:
Potential Direction: Bearish
Overall momentum of the chart: Bearish
Factors contributing to the momentum include the price being within the bearish Ichimoku cloud, signalling a continuation of the current bearish trend.
Price could potentially make a bearish reaction off pivot and drop to 1st support
Pivot: 1.0908
Supporting reasons: Acts as Pullback resistance with a 78.60% Fibonacci Retracement, indicating a key level where selling pressure might intensify, suggesting a potential turning point for the price to continue its downward movement.
1st support: 1.0695
Supporting reasons: Known as Swing low support, suggesting a significant area where the market has previously found strong buying interest, providing a foundation for potential price stabilization or a minor rebound within the context of the bearish movement.
1st resistance: 1.1017
Supporting reasons: Identified as Pullback resistance, marking a significant barrier that could cap upward movements. This underscores the strength of the bearish momentum and its importance as a critical threshold for the bearish trend’s continuation.
EUR/JPY:
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Factors contributing to the momentum include the price being above the bullish Ichimoku cloud, signalling strong upward momentum and a positive outlook for the currency pair.
Price could potentially make a bullish continuation towards 1st resistance
Pivot: 162.79
Supporting reasons: Acts as Pullback support with a 50% Fibonacci Retracement, indicating a key level where buying interest has historically been strong, suggesting a solid foundation for a potential upward movement within the context of the overall bullish trend.
1st support: 160.18
Supporting reasons: Known as an Overlap support, suggesting a significant area where the market has previously found strong buying interest, providing a foundation for potential price stabilization or a minor rebound, reinforcing the bullish momentum.
1st resistance: 167.41
Supporting reasons: Marked by a 161.80% Fibonacci Extension, indicating a significant barrier that could cap upward movements.
EUR/GBP:
Potential Direction: Bearish
Overall momentum of the chart: Bearish
Price could potentially make a bearish reaction off pivot and drop to 1st support
Pivot: 0.8613
Supporting reasons: Acts as an Overlap resistance with a 50% Fibonacci Retracement, indicating a key level where selling pressure might intensify, suggesting a potential turning point for the price to reverse and continue its downward movement within the context of the overall bearish trend.
1st support: 0.8503
Supporting reasons: Known as Multi-swing low support, suggesting a significant area where the market has previously found strong buying interest, providing a foundation for potential price stabilization or a minor rebound, reinforcing the bearish outlook.
1st resistance: 0.8689
Supporting reasons: Identified as Swing high resistance, marking a significant barrier that has capped previous upward movements.
GBP/USD:
Potential Direction: Bearish
Overall momentum of the chart: Bearish
Price could potentially make a bearish reaction off pivot and drop to 1st support
Pivot: 1.2800
Supporting reasons: Acts as an Overlap resistance with a 78.60% Fibonacci Projection, indicating a key level where selling pressure might intensify, suggesting a potential turning point for the price to continue its downward movement within the context of the overall bearish trend.
1st support: 1.2389
Supporting reasons: Known as an Overlap support with a 78.60% Fibonacci Retracement, suggesting a significant area where the market has previously found strong buying interest, providing a foundation for potential price stabilization or a minor rebound, reinforcing the bearish outlook.
1st resistance: 1.2894
Supporting reasons: Identified as Swing high resistance with a 78.60% Fibonacci Retracement, marking a significant barrier that has capped previous upward movements.
GBP/JPY:
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Factors contributing to the momentum include the price being above the bullish Ichimoku cloud, signalling strong upward momentum and a positive outlook for the currency pair.
Price could potentially make a: Bullish bounce off pivot and head towards 1st resistance
Pivot: 191.01
Supporting reasons: Acts as Pullback support, indicating a key level where buying interest might intensify, suggesting a solid foundation for a potential upward movement within the context of the overall bullish trend.
1st support: 188.19
Supporting reasons: Known as an Overlap support with a 38.20% Fibonacci Retracement, suggesting a significant area where the market has previously found strong buying interest, providing a foundation for potential price stabilization or a minor rebound, reinforcing the bullish momentum.
1st resistance: 194.46
Supporting reasons: Marked by a 127.20% Fibonacci Extension and a 78.60% Fibonacci Projection, indicating a significant level of Fibonacci confluence.
USD/CHF:
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Factors contributing to the momentum include the price being above the bullish Ichimoku cloud, signalling strong upward momentum and a positive outlook for the currency pair.
Price could potentially make a bullish bounce-off pivot and head towards 1st resistance
Pivot: 0.8999
Supporting reasons: Acts as Multi-swing low support, indicating a key level where buying interest has historically been strong, suggesting a solid foundation for a potential upward movement within the context of the overall bullish trend.
1st support: 0.8870
Supporting reasons: Known as an Overlap support, suggesting a significant area where the market has previously found strong buying interest, providing a foundation for potential price stabilization or a minor rebound, reinforcing the bullish momentum.
1st resistance: 0.9213
Supporting reasons: Identified as Multi-swing high resistance, marking a significant barrier that has capped previous upward movements.
USD/JPY:
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price could potentially make a bullish breakthrough of pivot and rise to 1st resistance
Pivot: 151.91
Supporting reasons: The pivot level itself acts as a significant point of reference indicating current market sentiment. In this context, its exact role as support or resistance isn’t specified, but the bullish sentiment implies it could serve as a platform for further gains.
1st support: 146.41
Supporting reasons: Identified as Overlap support with a 50% Fibonacci Retracement, suggesting a significant area where the market has previously found strong buying interest, providing a foundation for potential price stabilisation or a minor rebound, reinforcing the bullish momentum.
1st resistance: 155.09
Supporting reasons: Marked by a 127.20% Fibonacci Extension and a 78.60% Fibonacci Projection, indicating a significant level of Fibonacci confluence.
USD/CAD:
Potential Direction: Bearish
Overall momentum of the chart: Neutral
Price has made a bearish reaction close to the 1st resistance and could potentially drop towards the 1st support
1st support: 1.3447
Supporting reasons: Identified as a pullback support that aligns close to a 38.2% Fibonacci retracement level, suggesting a significant area where the market has previously found strong buying interest and could provide a foundation for potential price stabilization.
1st resistance: 1.3629
Supporting reasons: Identified as a pullback resistance that aligns with 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 could potentially rise towards the pivot and make a bearish reaction off this level to drop lower toward the 1st support
Pivot: 0.6650
Supporting reasons: Acts as an overlap resistance that aligns with a 50% Fibonacci retracement level, suggesting a potential resistance area for price to reverse from.
1st support: 0.6477
Supporting reasons: Acts as a pullback support that aligns close to a 78.6% Fibonacci retracement level, suggesting a significant area where price has previously found strong support and could provide a basis to halt further downward movement.
1st resistance: 0.6842
Supporting reasons: Identified as a swing-high, marking a significant barrier that has previously capped upward movements.
NZD/USD
Potential Direction: Bullish
Overall momentum of the chart: Bearish
Price could rise towards the pivot and potentially make a bearish reaction off this level to drop lower toward the 1st support
Pivot: 0.6081
Supporting reasons: Acts as an overlap resistance that aligns with a 50% Fibonacci retracement, where selling pressures have picked up recently.
1st support: 0.5940
Supporting reasons: Acts as a pullback support, suggesting a potential area for price stabilization or a minor rebound within the bearish context.
1st resistance: 0.6199
Supporting reasons: Identified as a pullback resistance, marking a significant barrier that could cap further upward movements.
US30 (DJIA):
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price has made a bullish reaction off the pivot and could potentially continue to rise towards the 1st resistance
Pivot: 38,610.11
Supporting reasons: Acts as a pullback support where price has found strong buying interest in recent weeks.
1st support: 37,787.30
Supporting reasons: Identified as a pullback support that aligns close to a 23.6% 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: 39,911.02
Supporting reasons: Identified as an overlap resistance at the all-time high, indicating a potential barrier that could cap further upward movements.
DE40 (DAX):
Potential Direction: Bearish
Overall momentum of the chart: Bullish
Price could drop toward the pivot and potentially make a bullish reaction off this level to rise towards the 1st resistance
Pivot: 17,918.70
Supporting reasons: Identified as a pullback support, suggesting a potential zone where price could find support and make a bullish bounce.
1st support: 17,043.92
Supporting reasons: Acts as an overlap support that aligns with a 38.2% 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: 18,768.85
Supporting reasons: Identified as a resistance that aligns with a 100% Fibonacci projection level that could potentially function as a significant barrier that could cap further upward movements. Overcoming this level would underscore the strength of the bullish momentum.
US500 (S&P 500):
Potential Direction: Bearish
Overall momentum of the chart: Bullish
Price could fall towards the pivot and potentially make a bullish reaction off this level to rise towards the 1st resistance
Pivot: 5,066.20
Supporting reasons: Acts as a pullback support where buying interest could be strong, suggesting a potential foundation for a price stabilization or a rebound.
1st support: 4,804.10
Supporting reasons: Acts as a pullback support that aligns with a 38.2% Fibonacci retracement level suggesting a significant area where price has previously found strong buying interest, providing a solid foundation to halt further downward movement.
1st resistance: 5,549.91
Supporting reasons: Marked by a resistance that aligns with a confluence of Fibonacci levels i.e. the 78.6% projection and the 161.8% extension levels, which could function as a potential barrier and cap further upward movements.
BTC/USD (Bitcoin):
Potential Direction: Bullish
Overall momentum of the chart: Neutral
Price could potentially rise towards the 1st resistance
1st support: 63,289.43
Supporting reasons: Acts as a pullback support that aligns with a 23.6% Fibonacci retracement level, 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 in the event of a pullback.
1st resistance: 73,843.75
Supporting reasons: Marked by a pullback resistance at the all-time high, indicating a significant barrier that could cap further upward movements.
ETH/USD (Ethereum):
Potential Direction: Bullish
Overall momentum of the chart: Neutral
Price has made a bullish reaction of the pivot and could potentially rise towards the 1st resistance
Pivot: 3,262.85
Supporting reasons: Acts as a pullback support that aligns close to a 50% Fibonacci retracement level indicating a key level where buying interest has been strong in recent weeks, suggesting a solid foundation for a potential price stabilization or a rebound.
1st support: 2,989.64
Supporting reasons: Identified as a pullback 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 further downward movements.
1st resistance: 4,045.80
Supporting reasons: Identified as a pullback resistance that aligns close to the all-time high, marking a significant barrier that has previously capped further upward movements.
WTI/USD (Oil):
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price could make a bullish continuation towards the pivot before potentially stalling around this level to reverse and drop lower
Pivot: 90.36
Supporting reasons: Marked by a pullback resistance that aligns close to a 78.6% Fibonacci retracement level, indicating a significant level where selling pressures might intensify.
1st support: 83.22
Supporting reasons: Identified as an overlap support that aligns with a 23.6% Fibonacci retracement level, 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: 94.09
Supporting reasons: Identified as a swing-high resistance, marking a significant barrier that could cap further upward movements.
XAU/USD (GOLD):
Potential Direction: Bearish
Overall momentum of the chart: Bullish
Price could potentially make a bearish reaction off pivot and drop to 1st support
Pivot: 2336.72
Supporting reasons: Marked by a 100% Fibonacci Projection, indicating a significant level where selling pressure might intensify, suggesting a potential turning point for the price to reverse and move downwards within the context of the overall bullish trend.
1st support: 2143.85
Supporting reasons: Known as an Overlap support, suggesting a significant area where the market has previously found strong buying interest, providing a foundation for potential price stabilization or a minor rebound, reinforcing the bearish outlook despite the bullish momentum.
1st resistance: 2530.37
Supporting reasons: Also marked by a 100% Fibonacci Projection, indicating a significant barrier that could cap upward movements.
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.
