DXY (US Dollar Index):

Potential Direction: Bullish

Overall momentum of the chart: Bullish

Price could potentially make A bullish bounce-off pivot and head toward 1st resistance

Pivot: 105.96

Supporting reasons: An Overlap support, indicating a significant level where buyers might step in to support the price, potentially leading to a reversal or temporary halt in the bullish momentum.

1st support: 105.09

Supporting reasons: An Overlap support, representing another significant level where buyers might enter the market to support the price within the context of the overall bullish trend.

1st resistance: 106.85

Supporting reasons: An Overlap resistance with a 100% Fibonacci Projection, suggesting a level where selling pressure might intensify, potentially acting as a barrier to further upside movement within the context of the overall bullish momentum.

EUR/USD:

Potential Direction: Bullish

Overall momentum of the chart: Bearish

Price could potentially make A bullish bounce off pivot and heads toward 1st resistance

Pivot: 1.0614

Supporting reasons: Swing low support with a 161.80% Fibonacci Extension and 78.60% Fibonacci Projection indicating Fibonacci confluence, suggesting a significant level where buying pressure might intensify, potentially leading to a reversal or temporary halt in the bearish momentum.

1st support: 1.0526

Supporting reasons: Swing low support, indicating a level where buyers might step in to support the price, potentially providing a foundation for a bullish reversal or price stabilization within the context of the overall bearish trend.

1st resistance: 1.0696

Supporting reasons: Pullback resistance, representing a level where selling pressure might intensify, potentially acting as a barrier to further upside movement within the context of the overall bearish momentum.

EUR/JPY:

Potential Direction: Bearish

Overall momentum of the chart: Bearish

Price could potentially make A bearish continuation towards 1st support

Pivot: 164.18

Supporting reasons: An Overlap resistance, indicating a significant level where selling pressure might intensify, potentially leading to a continuation of the bearish trend.

1st support: 162.59

Supporting reasons: Swing low support, representing a level where buyers might step in to support the price temporarily, potentially providing a foundation for a minor rebound within the context of the overall bearish momentum.

1st resistance: 165.42

Supporting reasons: Swing high resistance, suggesting 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: Bearish

Overall momentum of the chart: Bearish

Price could potentially make A bearish reaction off pivot and drop to 1st support

Pivot: 0.8542

Supporting reasons: An Overlap resistance with a 61.80% Fibonacci Retracement, indicating a significant level where selling pressure might intensify, potentially leading to a continuation of the bearish trend.

1st support: 0.8529

Supporting reasons: Multi-swing low support, representing a level where buyers might step in to support the price, potentially providing a foundation for a minor rebound within the context of the overall bearish momentum.

1st resistance: 0.8553

Supporting reasons: Swing high resistance, suggesting 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/USD:

Potential Direction: Bullish

Overall momentum of the chart: Bearish

Price could potentially make A bullish bounce off pivot and head toward 1st resistance

Pivot: 1.2428

Supporting reasons: Swing low support, indicating a significant level where buyers might step in to support the price, potentially leading to a reversal or temporary halt in the bearish momentum.

1st support: 1.2385

Supporting reasons: 161.80% Fibonacci Extension, suggesting a level where buyers might enter the market, potentially providing support for the price or a temporary reversal within the context of the overall bearish trend.

1st resistance: 1.2499

Supporting reasons: An Overlap resistance, indicating a level where selling pressure might intensify, potentially acting as a barrier to further upside movement within the context of the overall bearish trend.

GBP/JPY:

Potential Direction: Bullish

Overall momentum of the chart: Bearish

Price could potentially make A bullish bounce-off pivot and head toward 1st resistance

Pivot: 191.35

Supporting reasons: Pullback support with a 50% Fibonacci Retracement, indicating a significant level where buyers might step in to support the price, potentially leading to a reversal or temporary halt in the bearish momentum.

1st support: 190.29

Supporting reasons: Multi-swing low support, representing a level where buyers have previously entered the market, potentially providing a foundation for a bullish reversal or price stabilization within the context of the overall bearish trend.

1st resistance: 192.78

Supporting reasons: Swing high resistance, indicating a level where selling pressure might intensify, potentially acting as a barrier to further upside movement within the context of the overall bearish trend.

USD/CHF:

Potential Direction: Neutral

Overall momentum of the chart: Bullish

Price could potentially make a: Fluctuate between the 1st resistance and 1st support level.

1st support: 0.9089

Supporting reasons: An Overlap support, indicating a significant level where buyers might step in to support the price, potentially leading to a bounce or temporary halt in the bullish momentum.

1st resistance: 0.9148

Supporting reasons: Multi-swing high resistance, representing a level where selling pressure might intensify, potentially acting as a barrier to further upside movement within the context of the overall bullish trend.

USD/JPY:

Potential Direction: Bearish

Overall momentum of the chart: Bullish

Price could potentially make A bearish reaction off pivot and drop to 1st support

Pivot: 154.81

Supporting reasons: 78.60% Fibonacci Projection, indicating a significant level where selling pressure might intensify, potentially leading to a reversal or continuation of the bearish trend.

1st support: 151.93

Supporting reasons: Pullback support, suggesting a level where buyers might step in to support the price temporarily within the context of the overall bullish momentum.

1st resistance: 157.04

Supporting reasons: 100% Fibonacci Projection, representing a level where the price might encounter selling pressure, potentially acting as a barrier to further upside movement within the context of the overall bullish momentum.

USD/CAD:

Potential Direction: Bearish

Overall momentum of the chart: Bullish

Price is rising towards the pivot and could potentially stall around this level before pulling back towards the 1st support

Pivot: 1.3832

Supporting reasons: Acts as a swing-high resistance where price has previously found strong resistance.

1st support: 1.3733

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, marking a significant barrier that could cap further upward movements.

AUD/USD:

Potential Direction: Bearish

Overall momentum of the chart: Bearish

Price has made a bearish reaction through the pivot and could potentially drop towards 1st support

Pivot: 0.6452

Supporting reasons: Previously functioned as a pullback support which now has been broken, suggesting further downward 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: 0.6488

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 is exhibiting strong bearish momentum and could potentially break below the pivot to continue the downtrend towards the 1st support

Pivot: 0.5863

Supporting reasons: Acts as a breakout level, highlighting a potential for further bearish movement.

1st support: 0.5799

Supporting reasons: Acts as a pullback support, suggesting a potential area for price stabilization or a minor rebound within the bearish context.

1st resistance: 0.5944

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: Bearish

Price has made a bearish reaction through the pivot and could potentially drop towards 1st support

Pivot: 37,791.80

Supporting reasons: Previously functioned as a pullback support which now has been broken, suggesting further downward 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: 38,315.01

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 made a bearish reaction through the pivot and could potentially drop towards 1st support

Pivot: 17,847.70

Supporting reasons: Previously functioned as an overlap support which now has been broken, suggesting further downward momentum.

1st support: 17,658.40

Supporting reasons: Acts as a pullback support that aligns with a 50.0% 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: 18,152.00

Supporting reasons: Identified as a pullback resistance that could potentially function as a barrier that could cap any upward movements.

US500 (S&P 500): 

Potential Direction: Bearish

Overall momentum of the chart: Bearish

Price is exhibiting strong bearish momentum and could potentially break below the pivot to continue the downtrend towards the 1st support

Pivot: 5,054.60

Supporting reasons: Acts as a breakout level, highlighting a potential for further bearish movement.

1st support: 4,953.70

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: 5,115.50

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 is falling towards the pivot and could potentially make a bullish reaction off this level to rise higher towards the 1st resistance

Pivot: 61,498.75

Supporting reasons: Acts as a pullback support where price has reversed strongly in the past to rise higher.

1st support: 59,233.37

Supporting reasons: Acts as a pullback support that aligns close to a 61.8% 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: 66,701.11

Supporting reasons: Marked by a pullback resistance, indicating a significant barrier that could cap further upward movements.

ETH/USD (Ethereum):

Potential Direction: Bullish

Overall momentum of the chart: Neutral

Price is is trading close to the pivot and could potentially make a bullish reaction off this level to rise higher towards the 1st resistance

Pivot: 3,032.85

Supporting reasons: Acts as an overlap support where price has reversed strongly in the past to rise higher.

1st support: 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 to halt further downward movements.

1st resistance: 3,436.46

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: Neutral

Price has made a bullish reaction off the pivot and could potentially rise towards the 1st resistance

Pivot: 84.99

Supporting reasons: Marked by a pullback support, indicating a significant level where buying interest has increased recently.

1st support: 83.52

Supporting reasons: Identified as an overlap support that aligns close to 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 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: Bearish

Overall momentum of the chart: Bullish

Price could potentially make A bearish reaction off pivot and drop to 1st support

Pivot: 2386.02

Supporting reasons: An Overlap resistance with a 61.80% Fibonacci Retracement, indicating a significant level where selling pressure might intensify, potentially leading to a reversal or continuation of the bullish trend.

1st support: 2347.46

Supporting reasons: Multi-swing low support, representing a level where buyers might step in to support the price, potentially providing a foundation for a minor rebound within the context of the overall bullish momentum.

1st resistance: 2431.53

Supporting reasons: Swing high resistance, suggesting a level where selling pressure might increase, potentially acting as a barrier to further upside movement within the context of the overall bullish trend.

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.