DXY (US Dollar Index):
Potential Direction: Bearish
Overall momentum of the chart: Bearish
Factors contributing to the momentum is that price is: In a bearish descending channel
Price could potentially make a: Bearish reaction off pivot and drop to 1st support
Pivot: 104.88
Supporting reasons: Identified as a pullback resistance with confluence from the 38.20% Fibonacci Retracement, suggesting a level where selling pressure may intensify, potentially leading to a bearish reaction.
1st support: 104.09
Supporting reasons: Recognized as an overlap support, indicating a historical level where buying interest has emerged, potentially acting as a support for downward movement.
1st resistance: 105.56
Supporting reasons: Noted as an overlap resistance with confluence from the 61.80% Fibonacci Retracement, suggesting a significant area where selling pressure may be present, potentially hindering further upward movement.
EUR/USD:
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Factors contributing to the momentum is that price is: Within the bullish Ichimoku cloud
Price could potentially make a: Bullish bounce off pivot and heads toward 1st resistance
Pivot: 1.0812
Supporting reasons: Identified as an overlap support, indicating a historical level where buying interest has emerged, potentially acting as a pivot for bullish movement.
1st support: 1.0745
Supporting reasons: Recognized as an overlap support with confluence from the 50% Fibonacci Retracement, suggesting a significant area where buying pressure may intensify, potentially providing additional support for upward movement.
1st resistance: 1.0890
Supporting reasons: Noted as an overlap resistance, suggesting a significant area where selling pressure may be present, potentially hindering further upward movement
EUR/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: 170.01
Supporting reasons: Identified as a pivot with confluence from the 78.60% Fibonacci Retracement, suggesting a significant area where selling pressure may intensify, potentially leading to a bearish reaction.
1st support: 167.39
Supporting reasons: Recognized as an overlap support, indicating a historical level where buying interest has emerged, potentially acting as a support for downward movement.
1st resistance: 171.63
Supporting reasons: Noted as a swing high resistance, indicating a significant historical level where selling pressure may be present, potentially hindering further upward movement.
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: 0.8565
Supporting reasons: Identified as an overlap resistance, suggesting a significant historical level where selling pressure may intensify, potentially leading to a bearish reaction.
1st support: 0.8530
Supporting reasons: Recognized as a multi-swing low support, indicating a historical level where buying interest has emerged, potentially acting as a support for downward movement.
1st resistance: 0.8590
Supporting reasons: Noted as an overlap resistance, indicating another significant historical level where selling pressure may be present, potentially hindering further upward movement.
GBP/USD:
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Factors contributing to the momentum is that price is: In a bullish ascending channel
Price could potentially make a bullish bounce off pivot and heads towards 1st resistance
Pivot: 1.2634
Supporting reasons: Identified as a pullback support, suggesting a level where buying interest may emerge, potentially acting as a pivot for bullish movement.
1st support: 1.2561
Supporting reasons: Recognized as a pullback support, indicating another level where buying interest may emerge, potentially providing additional support for upward movement.
1st resistance: 1.2763
Supporting reasons: Noted as a pullback resistance with confluence from the 78.60% Fibonacci Retracement and 100% Fibonacci Projection, suggesting a significant area where selling pressure may intensify, potentially hindering further upward movement. The Fibonacci confluence enhances the significance of this resistance level.
GBP/JPY:
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price could potentially make a bullish bounce off pivot and heads towards 1st resistance
Pivot: 197.47
Supporting reasons: Identified as an overlap support, indicating a historical level where buying interest has emerged, potentially acting as a pivot for bullish movement.
1st support: 195.49
Supporting reasons: Recognized as an overlap support, indicating another historical level where buying interest may emerge, potentially providing additional support for upward movement.
1st resistance: 200.60
Supporting reasons: Noted as a swing high resistance with confluence from the 100% Fibonacci Projection, suggesting a significant historical level where selling pressure may be present, potentially hindering further upward movement.
USD/CHF:
Potential Direction: Bearish
Overall momentum of the chart: Bearish
Price could potentially make a bearish reaction off pivot and drop to 1st support
Pivot: 0.9152
Supporting reasons: Identified as a pullback resistance with confluence from the 61.80% Fibonacci Retracement and 127.20% Fibonacci Extension, suggesting a significant area where selling pressure may intensify, potentially leading to a bearish reaction.
1st support: 0.8996
Supporting reasons: Recognized as a multi-swing low support, indicating a historical level where buying interest has emerged, potentially acting as a support for downward movement.
1st resistance: 0.9223
Supporting reasons: Noted as a swing high resistance, indicating a significant historical level where selling pressure may be present, potentially hindering further upward movement.
USD/JPY:
Potential Direction: Bearish
Overall momentum of the chart: Bearish
Price could potentially make a bearish reaction off pivot and drop to 1st support
Pivot: 156.58
Supporting reasons: Identified as a swing high resistance, indicating a significant historical level where selling pressure may intensify, potentially leading to a bearish reaction.
1st support: 153.63
Supporting reasons: Recognized as an overlap support, indicating a historical level where buying interest has emerged, potentially acting as a support for downward movement.
1st resistance: 158.41
Supporting reasons: Noted as a swing high resistance with confluence from the 78.60% Fibonacci Retracement and 127.20% Fibonacci Extension, suggesting a significant area where selling pressure may intensify, potentially hindering further upward movement. The Fibonacci confluence enhances the significance of this resistance level.
USD/CAD:
Potential Direction: Bearish
Overall momentum of the chart: Neutral
Price is rising towards the pivot and could potentially make a bearish reaction off this level to drop towards the 1st support.
Pivot: 1.3649
Supporting reasons: Identified as an overlap resistance that aligns close to a 38.2% Fibonacci retracement level, suggesting a significant area where price could stall and reverse to drop lower.
1st support: 1.3590
Supporting reasons: Identified as a pullback support, suggesting an area where price has found strong buying interests in the past to potentially halt any further downward movement.
1st resistance: 1.3687
Supporting reasons: Identified as a pullback resistance that aligns close to a 50% Fibonacci retracement level, marking a significant barrier that could cap further upward movements.
AUD/USD:
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price is falling towards the pivot and could potentially make a bullish reaction off this level to rise towards the 1st resistance.
Pivot: 0.6648
Supporting reasons: Acts as an overlap support, suggesting an area where buying interests could pick up to stage a rebound.
1st support: 0.6593
Supporting reasons: Acts as a pullback support that aligns close to a 38.2% Fibonacci retracement level, suggesting a significant area where price has found strong support recently to provide a basis to halt further downward movement.
1st resistance: 0.6714
Supporting reasons: Identified as a pullback resistance that aligns close to a 127.2% Fibonacci extension level, marking a barrier that has previously capped upward movements.
NZD/USD
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price is falling towards the pivot and could potentially make a bullish reaction off this level to rise towards the 1st resistance.
Pivot: 0.6074
Supporting reasons: Acts as a pullback support that aligns with a 23.6% Fibonacci retracement level, suggesting an area where buying interests could pick up.
1st support: 0.6038
Supporting reasons: Acts as a pullback support that aligns with a 38.2% Fibonacci retracement level, suggesting a potential area where price could find strong support to halt further downward movement.
1st resistance: 0.6136
Supporting reasons: Identified as an overlap resistance, marking a barrier that has previously capped upward movements.
US30 (DJIA):
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price is falling towards the pivot and could potentially make a bullish reaction off this level to rise towards the 1st resistance. In addition, the presence of a RSI bearish divergence increases the probability of a pull back towards the pivot.
Pivot: 39,310.89
Supporting reasons: Identified as an overlap support that aligns close to a 23.6% Fibonacci retracement level, suggesting an area where buying interests could pick up to stage a rebound.
1st support: 38,572.60
Supporting reasons: Identified as an overlap support that aligns close to a 50% Fibonacci retracement level, suggesting a significant area where price could find strong buying interests to provide a solid foundation to halt further downward movement.
1st resistance: 40,075.11
Supporting reasons: Identified as a pullback resistance at the all-time high, indicating a potential barrier that could cap any upward movements.
DE40 (DAX):
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price is falling towards the pivot and could potentially make a bullish reaction off this level to rise towards the 1st resistance.
Pivot: 18,534.90
Supporting reasons: Identified as a pullback support that aligns close to a 23.6% Fibonacci retracement level, suggesting an area where buying interests could pick up to stage a rebound.
1st support: 18,319.76
Supporting reasons: Acts as a pullback support that aligns close to a 38.2% Fibonacci retracement level, suggesting an area where buying interests could pick up to halt further downward movement.
1st resistance: 18,894.40
Supporting reasons: Identified as a pullback resistance 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: Bullish
Price could fall towards the pivot and potentially make a bullish reaction off this level to rise towards the 1st resistance.
Pivot: 5,276.06
Supporting reasons: Identified as pullback support, suggesting an area where buying interests could pick up to stage a rebound.
1st support: 5,206.96
Supporting reasons: Acts as an overlap support, suggesting a significant area where price could find strong buying interests to provide a solid foundation to halt further downward movement.
1st resistance: 5,379.91
Supporting reasons: Acts as a resistance that aligns with a 127.2% Fibonacci extension level, suggesting a significant area where selling pressures could intensify.
BTC/USD (Bitcoin):
Potential Direction: Bearish
Overall momentum of the chart: Bullish
Price has made a bearish reaction off the pivot and could potentially drop towards the 1st support.
Pivot: 71,299.24
Supporting reasons: Identified as a pullback resistance, suggesting an area where selling pressures have intensified in the past.
1st support: 67,274.48
Supporting reasons: Acts as a pullback support that aligns with a 38.2% Fibonacci retracement level, suggesting an area where buying interests could pick up to halt further downward movements.
1st resistance: 73,435.36
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: Bullish
Price has made a bearish reaction off the pivot and could potentially drop towards the 1st support.
Pivot: 3,702.62
Supporting reasons: Identified as a pullback resistance, suggesting an area where selling pressures have intensified in the past.
1st support: 3,457.27
Supporting reasons: Identified as an overlap support, suggesting a significant area which could provide a strong foundation to halt further downward movements.
1st resistance: 3,951.32
Supporting reasons: Identified as an overlap resistance that aligns close to a 127.2% Fibonacci extension level, marking a significant barrier that could cap further upward movements.
WTI/USD (Oil):
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 towards the 1st resistance.
Pivot: 77.22
Supporting reasons: Identified as pullback support, suggesting an area where buying interests could pick up to stage a rebound.
1st support: 75.84
Supporting reasons: Identified as a pullback support, suggesting a significant area where price has previously found strong buying interest recently 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: Bullish
Price could potentially make a bullish bounce-off pivot and head towards 1st resistance
Pivot: 2409.34
Supporting reasons: Identified as an overlap support with confluence from the 23.60% Fibonacci Retracement, suggesting a significant historical level where buying interest may emerge, potentially acting as a pivot for bullish movement.
1st support: 2372.23
Supporting reasons: Recognized as an overlap support with confluence from the 50% Fibonacci Retracement, indicating another historical level where buying interest has emerged, potentially providing additional support for upward movement.
1st resistance: 2474.00
Supporting reasons: Noted as a significant resistance level, suggesting a potential target for bullish movement, with confluence from the 127.20% Fibonacci Extension.
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-vng.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.
