DXY (US Dollar Index):
Potential Direction: Bearish
Overall momentum of the chart: Bearish
Price could potentially make a bearish reaction through the pivot (Downside Confirmation) and drop towards the 1st support
PIvot: 105.02
Supporting reasons: Identified as an overlap support that aligns close to a 38.2% Fibonacci retracement level. Bearish momentum could pick up should price break cleanly under this level.
1st support: 104.09
Supporting reasons: Acts as a pullback support that aligns with a 61.8% Fibonacci retracement level, representing a level where buyers could potentially intervene to support the price.
1st resistance: 106.30
Supporting reasons: Marked by a pullback resistance that aligns close to 61.8% Fibonacci projection level, acting as a potential barrier to further upside movement.
EUR/USD:
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: 1.0743
Supporting reasons: Price has made a bullish reaction through the pivot and could potentially rise towards the 1st resistance.
1st support: 1.0664
Supporting reasons: Identified as a pullback support that aligns close to a 78.6% Fibonacci retracement level, indicating a level where buyers might step in to support the price.
1st resistance: 1.0862
Supporting reasons: Marked as a pullback resistance that aligns close to 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: Bullish
Overall momentum of the chart: Bearish
Price has made a bullish reaction off the pivot and could potentially rise towards the 1st resistance
Pivot: 164.51
Supporting reasons: Identified as a pullback support where buying interests have increased recently.
1st support: 162.79
Supporting reasons: Acts as a pullback support that aligns with a 78.6% Fibonacci retracement level, suggesting another level where buyers have previously intervened to support the price.
1st resistance: 167.08
Supporting reasons: Marked by an overlap resistance that aligns with a 38.2% Fibonacci retracement level, 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: Bullish
Overall momentum of the chart: Bullish
Price could rise towards the pivot and potentially make a bullish reaction through this level to rise towards the 1st resistance
Pivot: 0.8582
Supporting reasons: Identified as a level where a potential bullish breakout could take place.
1st support: 0.8532
Supporting reasons: Acts as a pullback support where price has previously found strong support and could halt further downward movements.
1st resistance: 0.8626
Supporting reasons: Acts as a pullback resistance, 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: Bullish
Overall momentum of the chart: Bullish
Price could rise towards the pivot (Upside Confirmation) and potentially make a bullish reaction through this level to rise towards the 1st resistance
Pivot: 1.2554
Supporting reasons: Identified as a level where a potential bullish breakout could take place.
1st support: 1.2482
Supporting reasons: Identified as an overlap support that aligns close to a 50.0% Fibonacci retracement level, indicating a level where buyers might step in to support the price.
1st resistance: 1.2677
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.
GBP/JPY:
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: 193.38
Supporting reasons: Identified as a pullback resistance that aligns with a 23.6% Fibonacci retracement level, where selling pressures could intensify.
1st support: 190.17
Supporting reasons: Acts as a pullback support that aligns close to a 78.6% Fibonacci retracement level, indicating a level where buyers might step in to support the price.
1st resistance: 197.12
Supporting reasons: Marked by a pullback 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: 0.8999
Supporting reasons: Acts as a pullback support that aligns close to a 23.6% Fibonacci retracement level where buying interests could pick up.
1st support: 0.8870
Supporting reasons: Acts as a pullback support that aligns close to a 38.2% Fibonacci retracement level, 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 confluence of Fibonacci levels i.e. the 38.2% and the 61.8% retracement levels, suggesting an area where buying interests could pick up.
1st support: 146.42
Supporting reasons: Acts as a pullback support, indicating a level where buyers might step in to support the price.
1st resistance: 156.32
Supporting reasons: Marked by a pullback resistance that aligns with a 50% Fibonacci retracement level, 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: Neutral
Price could fall towards the pivot and potentially make a bullish reaction off this level to rise towards the 1st resistance
Pivot: 1.3600
Supporting reasons: Acts as a pullback support that aligns close to a 61.8% Fibonacci retracement level, suggesting a significant area where buying interests could increase.
1st support: 1.3491
Supporting reasons: Identified as a pullback support, suggesting an area where price has previously found strong buying interest to potentially halt any further downward movement.
1st resistance: 1.3777
Supporting reasons: Identified as a pullback resistance, marking a significant barrier that could cap further upward movements.
AUD/USD:
Potential Direction: Bearish
Overall momentum of the chart: Bullish
Price is rising towards the pivot and could has made a bearish reaction off this level to drop towards the 1st support
Pivot: 0.6677
Supporting reasons: Acts a pullback resistance that aligns with a 61.8% Fibonacci retracement level, where selling pressures have intensified in the past.
1st support: 0.6565
Supporting reasons: Acts as a pullback support, suggesting a significant area where price has previously found strong support and could provide a basis to halt further downward movement.
1st resistance: 0.6762
Supporting reasons: Identified as a pullback resistance that aligns with a 78.6% Fibonacci retracement level , marking a barrier that has previously capped upward movements.
NZD/USD
Potential Direction: Bearish
Overall momentum of the chart: Bullish
Price is rising towards the pivot and could has made a bearish reaction off this level to drop towards the 1st support
Pivot: 0.6059
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: 0.5974
Supporting reasons: Acts as an overlap support, suggesting a potential area where price has previously found strong support and could provide a basis to halt further downward movement.
1st resistance: 0.6176
Supporting reasons: Identified as a pullback resistance, marking a barrier that has previously capped upward movements.
US30 (DJIA):
Potential Direction: Bullish
Overall momentum of the chart: Neutral
Price has made a bullish reaction through the pivot and could potentially rise towards the 1st resistance
Pivot: 38,563.21
Supporting reasons: Identified as a level where a potential bullish breakout could take place.
1st support: 37,696.44
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: 39,911.02
Supporting reasons: Identified as a pullback resistance that is close to the all-time high, 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: 17,737.30
Supporting reasons: Acts as a pullback support that aligns with a 38.2% Fibonacci retracement level, suggesting a significant area where buying interests has increased recently.
1st support: 17,004.20
Supporting reasons: Acts as an overlap support that aligns close to a 78.6% 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: 18,534.90
Supporting reasons: Identified as a pullback resistance that is close to the all-time high, potentially functioning as a barrier that could cap any upward movements.
US500 (S&P 500):
Potential Direction: Bullish
Overall momentum of the chart: Neutral
Price has made a bullish reaction off the pivot and could potentially rise towards the the 1st resistance
Pivot: 5,025.41
Supporting reasons: Acts as a pullback support that aligns close to a 23.6% Fibonacci retracement level, suggesting a significant area where selling pressures have intensified recently.
1st support: 4,841.50
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 and could halt further downward movements.
1st resistance: 5,266.56
Supporting reasons: Marked by a pullback resistance that is close to the all-time high, which could function as a potential barrier and cap any upward movements.
BTC/USD (Bitcoin):
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price could make a bullish reaction through the pivot (Upside Confirmation) and potentially rise towards the 1st resistance
Pivot: 64,346.25
Supporting reasons: Identified as a level where a potential bullish breakout could take place.
1st support: 58,252.12
Supporting reasons: Acts as a pullback support, suggesting an area where buying interests could pick up to halt further downward movements.
1st resistance: 68,934.51
Supporting reasons: Marked by an overlap resistance that aligns with a 78.6% Fibonacci retracement level, indicating a significant barrier that could cap further upward movements.
ETH/USD (Ethereum):
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: 3,283.31
Supporting reasons: Acts as an overlap resistance that aligns with a 50% Fibonacci retracement level, suggesting an area where selling pressures could intensify.
1st support: 2,951.92
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: 3,687.36
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 higher towards the 1st resistance
Pivot: 76.53
Supporting reasons: Acts as a pullback support that aligns close to a 61.8% Fibonacci retracement level, suggesting a significant area where price has recently found support to provide a strong foundation for a potential rebound.
1st support: 72.31
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: 81.38
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: 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: 2,189.01
Supporting reasons: Acts as a pullback support that aligns close to a 50% Fibonacci retracement level, indicating a level where buyers might step in to support the price.
1st resistance: 2,358.70
Supporting reasons: Identified as an overlap resistance that aligns with a 50% 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.