DXY (US Dollar Index):
Potential Direction: Bullish
Overall momentum of the chart: Bearish
Price could potentially make a bullish reaction off pivot and rise towards the 1st resistance
PIvot: 105.08
Supporting reasons: Identified as an overlap support that aligns close to a 50% Fibonacci retracement level, indicating a significant level where buyers might step in to support the price, potentially providing a foundation for a bounce.
1st support: 104.41
Supporting reasons: Acts as a pullback support that aligns with a 78.6% Fibonacci retracement level, representing a level where buyers could potentially intervene to support the price.
1st resistance: 105.52
Supporting reasons: Marked by an overlap resistance, acting as a potential barrier to further upside movement.
EUR/USD:
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: 1.0740
Supporting reasons: Acts a pullback resistance where selling pressures could potentially increase.
1st support: 1.0655
Supporting reasons: Identified as a pullback support that aligns with a 61.8% Fibonacci retracement level, indicating a level where buyers might step in to support the price.
1st resistance: 1.0776
Supporting reasons: Marked as a pullback resistance that aligns with a 61.8% Fibonacci retracement level, representing a level where selling pressures intensified in the past and could potentially act as a barrier to further upside movement.
EUR/JPY:
Potential Direction: Bearish
Overall momentum of the chart: Bearish
Price could fall towards the pivot and potentially make a bearish breakout through this level to drop towards the 1st support
Pivot: 164.11
Supporting reasons: Identified as a potential breakout level where the bearish momentum could drive price lower.
1st support: 162.61
Supporting reasons: Acts as a pullback support, suggesting another level where buyers have previously intervened to support the price.
1st resistance: 165.35
Supporting reasons: Marked by an overlap resistance, representing a level where selling pressures have intensified in the past and could potentially act as a barrier to further upside movement.
EUR/GBP:
Potential Direction: Bearish
Overall momentum of the chart: Bearish
Price could rise towards the pivot and potentially make a bearish reaction off this level to drop towards the 1st support
Pivot: 0.8565
Supporting reasons: Identified as an overlap support where selling pressures could intensify.
1st support: 0.8530
Supporting reasons: Acts as a multi-swing-low support where price has previously found strong support and could halt further downward movements.
1st resistance: 0.8589
Supporting reasons: Acts as a pullback resistance that aligns with a 50% Fibonacci retracement level, representing a level where selling pressures have increased in the past and could potentially act as a barrier to further upside movement.
GBP/USD:
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: 1.2595
Supporting reasons: Acts a pullback resistance that aligns with a 161.8% Fibonacci extension level where selling pressures could potentially increase.
1st support: 1.2482
Supporting reasons: Identified as an overlap support that aligns close to a 38.2% Fibonacci retracement level, indicating a level where buyers might step in to support the price.
1st resistance: 1.2696
Supporting reasons: Marked as a pullback resistance, representing a level where selling pressures intensified in the past and could potentially act as a barrier to further upside movement.
GBP/JPY:
Potential Direction: Bearish
Overall momentum of the chart: Bearish
Price could fall towards the pivot and potentially make a bearish breakout through this level to drop towards the 1st support
Pivot: 191.80
Supporting reasons: Identified as a potential breakout level where the bearish momentum could drive price lower.
1st support: 190.17
Supporting reasons: Acts as a pullback support, indicating a level where buyers might step in to support the price.
1st resistance: 193.38
Supporting reasons: Marked by an overlap resistance, representing a level where selling pressures have increased recently to potentially act as a barrier to further upside movement.
USD/CHF:
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: 0.9081
Supporting reasons: Acts as a pullback support that aligns close to a 61.8% Fibonacci retracement level where buying interests could pick up.
1st support: 0.8999
Supporting reasons: Acts as a pullback support, suggesting a level where buyers might step in to support the price to halt further downward movements.
1st resistance: 0.9147
Supporting reasons: Identified as a pullback resistance, representing a level where selling pressures have historically increased and could potentially act as a barrier to further upside movement.
USD/JPY:
Potential Direction: Bullish
Overall momentum of the chart: Bearish
Price could fall towards the pivot and potentially make a bullish reaction off this level to rise towards the 1st resistance
Pivot: 151.94
Supporting reasons: Acts a pullback resistance that aligns with a 61.8% Fibonacci retracement level where buying interests could pick up.
1st support: 150.75
Supporting reasons: Acts as an overlap support, indicating a level where buyers might step in to support the price.
1st resistance: 154.37
Supporting reasons: Marked by a pullback resistance, representing a level where selling pressures could increase to potentially act as a barrier to further upside movement.
USD/CAD:
Potential Direction: Bullish
Overall momentum of the chart: Bearish
Price could fall towards the pivot and potentially make a bullish reaction off this level to rise towards the 1st resistance
Pivot: 1.3628
Supporting reasons: Acts as an overlap support that aligns close to a confluence of Fibonacci levels i.e. the 61.8% retracement and the 78.6% projection levels, suggesting a significant area where buying interests could increase.
1st support: 1.3560
Supporting reasons: Identified as a pullback support that aligns close to a confluence of Fibonacci levels i.e. the 78.6% retracement and the 100% projection levels, suggesting an area where price has previously found strong buying interest to potentially halt any further downward movement.
1st resistance: 1.3715
Supporting reasons: Identified as an overlap resistance, marking a significant barrier that could cap further upward movements.
AUD/USD:
Potential Direction: Bearish
Overall momentum of the chart: Neutral
Price has made a bearish reaction off the pivot and could potentially drop towards the 1st support
Pivot: 0.6578
Supporting reasons: Acts a pullback resistance that aligns close to a 78.6% Fibonacci retracement level where selling pressures have intensified in the past.
1st support: 0.6529
Supporting reasons: Acts as a pullback support that aligns close to a 50% 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: 0.6632
Supporting reasons: Identified as a swing-high resistance, marking a barrier that has previously capped upward movements.
NZD/USD
Potential Direction: Bearish
Overall momentum of the chart: Neutral
Price has made a bearish reaction off the pivot and could potentially drop towards the 1st support
Pivot: 0.5979
Supporting reasons: Acts a pullback resistance that aligns close to a 61.8% Fibonacci retracement level where selling pressures have intensified in the past.
1st support: 0.5938
Supporting reasons: Acts as an overlap support that aligns with a 38.2% Fibonacci retracement level, suggesting a potential area where price has previously found strong support and could provide a basis to halt further downward movement.
1st resistance: 0.6045
Supporting reasons: Identified as an overlap 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: 38,563.21
Supporting reasons: Acts as an overlap resistance that aligns close to a 50% Fibonacci retracement level, suggesting a significant area where selling pressures have increased in recent weeks.
1st support: 37,696.44
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 movement.
1st resistance: 39,000.73
Supporting reasons: Identified as a pullback resistance that aligns with a 61.8 Fibonacci retracement level, indicating a potential barrier that could cap any upward movements.
DE40 (DAX):
Potential Direction: Bullish
Overall momentum of the chart: Neutral
Price could fall towards the pivot and potentially make a bullish reaction to rise higher towards the 1st resistance
Pivot: 17,804.20
Supporting reasons: Acts as a pullback support that aligns with a 50% Fibonacci retracement level, suggesting a significant area where buying interests has increased recently.
1st support: 17,507.10
Supporting reasons: Acts as a swing-low 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: 18,236.40
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: 5,119.91
Supporting reasons: Acts as an overlap resistance, suggesting a significant area where selling pressures have intensified recently.
1st support: 5,014.00
Supporting reasons: Acts as a pullback support, suggesting a significant area where price has previously found strong buying interest and could halt further downward movements.
1st resistance: 5,167.12
Supporting reasons: Marked by a pullback resistance, which could function as a potential barrier and cap any upward movements.
BTC/USD (Bitcoin):
Potential Direction: Bearish
Overall momentum of the chart: Bearish
Price could rise towards the pivot and potentially make a bearish reaction off this level to drop towards the 1st support
Pivot: 60,618.00
Supporting reasons: Acts as a pullback resistance that aligns with a 38.2% Fibonacci retracement level, suggesting an area where selling pressures could intensify.
1st support: 56,802.43
Supporting reasons: Acts as a pullback support, suggesting an area where buying interests could pick up to halt further downward movements.
1st resistance: 63,834.96
Supporting reasons: Marked by a pullback resistance, indicating a significant barrier that could cap further upward movements.
ETH/USD (Ethereum):
Potential Direction: Bearish
Overall momentum of the chart: Bearish
Price could rise towards the pivot and potentially make a bearish reaction off this level to drop towards the 1st support
Pivot: 3,044.64
Supporting reasons: Acts as a pullback resistance that aligns close to a 38.2% Fibonacci retracement level, suggesting an area where selling pressures could intensify.
1st support: 2,863.34
Supporting reasons: Identified as a pullback support, suggesting a significant area where price has previously found support and could provide a strong foundation to halt further downward movements.
1st resistance: 3,214.73
Supporting reasons: Identified as a pullback resistance that aligns close to a 78.6% Fibonacci retracement level, marking a significant barrier that could cap further upward movements.
WTI/USD (Oil):
Potential Direction: Bullish
Overall momentum of the chart: Bearish
Price has made a bullish reaction off the pivot and could potentially retrace higher towards the 1st resistance
Pivot: 79.26
Supporting reasons: Acts as a pullback support that aligns with a 78.6% Fibonacci retracement level, suggesting a significant area where price has recently found support to provide a strong foundation for a potential rebound.
1st support: 77.21
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 movements.
1st resistance: 80.89
Supporting reasons: Identified as a pullback resistance that aligns close to a 38.2% Fibonacci retracement level, marking a significant barrier that could cap further upward movements.
XAU/USD (GOLD):
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: 2,285.17
Supporting reasons: Acts as a pullback support where buying interests have increased recently.
1st support: 2,272.11
Supporting reasons: Acts as a pullback support that aligns close to a 61.8% Fibonacci retracement level, indicating a level where buyers might step in to support the price.
1st resistance: 2,328.74
Supporting reasons: Identified as an overlap resistance that aligns with a 61.8% Fibonacci retracement level, suggesting a significant level where selling pressures might 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-vnh.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.