DXY (US Dollar Index):
Potential Direction: Bullish
Overall momentum of the chart: Bearish
The price has just bounced off the pivot and could potentially make a bullish move in the short term, and rise toward the 1st resistance
Pivot: 97.71
Supporting reasons: Identified as a pullback support that aligns closely with the 127.2% Fibonacci extension, indicating a potential area where buying interests could pick up to resume the uptrend.
1st support: 94.66
Supporting reasons: Identified as a support that aligns closely with the 161.8% Fibonacci extension, indicating a potential area where the price could stabilize once again.
1st resistance: 101.87
Supporting reasons: Identified as an overlap resistance that aligns closely with the 38.2% Fibonacci retracement, indicating a potential level that could cap further upward movement.
EUR/USD:
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price is falling toward the pivot and could potentially make a bullish bounce off this level, rising toward the 1st resistance.
Pivot: 1.1447
Supporting reasons: Identified as a pullback support, indicating a potential area where buying interest could pick up to resume the uptrend.
1st support: 1.1210
Supporting reasons: Identified as an overlap support, indicating a potential area where the price could again stabilize.
1st resistance: 1.1712
Supporting reasons: Identified as a swing-high resistance that aligns with the 127.2% Fibonacci extension, indicating a potential area that could halt any further upward movement.
EUR/JPY:
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price could potentially make a bullish continuation toward the 1st resistance.
Pivot: 164.92
Supporting reasons: Identified as an overlap support, indicating a potential area where buying interests could pick up to resume the uptrend.
1st support: 162.99
Supporting reasons: Identified as an overlap support, indicating a potential area where the price could again stabilize.
1st resistance: 168.37
Supporting reasons: Identified as a pullback resistance that aligns closely with the 61.8% Fibonacci retracement and the 161.8% Fibonacci extension, providing a significant level for a potential bearish reversal and acting as a key area that could halt any further upward movement
EUR/GBP:
Potential Direction: Bearish
Overall momentum of the chart: Bullish
Price could potentially make a bearish reversal off the pivot, and move toward the 1st support.
Pivot: 0.8524
Supporting reasons: Identified as a pullback resistance that aligns closely with the 50% Fibonacci retracement, indicating a potential area where selling pressures could intensify.
1st support: 0.8447
Supporting reasons: Identified as a pullback support, indicating a potential area where the price could stabilize once more.
1st resistance: 0.8612
Supporting reasons: Identified as an overlap resistance, indicating a potential level that could cap further upward movement.
GBP/USD:
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price is falling toward the pivot and could potentially make a bullish bounce off this level, rising toward the 1st resistance.
Pivot: 1.3430
Supporting reasons: Identified as an overlap support that aligns closely with the 23.6% Fibonacci retracement, indicating a potential area where buying interests could pick up to stage a rebound..
1st support: 1.3108
Supporting reasons: Identified as an overlap support that aligns closely with the 50% Fibonacci retracement, indicating a potential area where the price could stabilize once more.
1st resistance: 1.3768
Supporting reasons: Identified as a pullback resistance that aligns closely with the 127.2% Fibonacci extension, indicating a potential level that could cap further upward movement.
GBP/JPY:
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price could potentially make a bullish continuation toward the 1st resistance.
Pivot: 194.11
Supporting reasons: Identified as an overlap support, indicating a potential area where buying interests could pick up to resume the uptrend.
1st support: 189.44
Supporting reasons: Identified as a pullback support, indicating a potential level where the price could stabilize once more.
1st resistance: 199.54
Supporting reasons: Identified as an overlap resistance, that aligns closely with the 161.8% Fibonacci extension and the 127.2% Fibonacci extension, providing a significant level for a potential bearish reversal and acting as a key area that could halt any further upward movement
USD/CHF:
Potential Direction: Bullish
Overall momentum of the chart: Bearish
Price is trading close to the pivot and could potentially make a bullish bounce off this level, rising toward the 1st resistance.
Pivot: 0.8081
Supporting reasons: Identified as a swing low support, indicating a potential area where buying interests could pick up to stage a rebound.
1st support: 0.7913
Supporting reasons: Identified as a support that aligns with the 127.2% Fibonacci extension, indicating a potential level where the price could stabilize once again.
1st resistance: 0.8308
Supporting reasons: Identified as an overlap resistance, indicating a potential level that could cap further upward movement.
USD/JPY:
Potential Direction: Bullish
Overall momentum of the chart: Bearish
Price could potentially make a bullish continuation toward the 1st resistance.
Pivot: 143.79
Supporting reasons: Identified as an overlap support, indicating a potential area where buying interests could pick up to resume the uptrend.
1st support: 139.64
Supporting reasons: Identified as a swing-low support, suggesting a potential area where the price could stabilize once more.
1st resistance: 148.91
Supporting reasons: Identified as a pullback resistance, indicating a potential level that could cap further upward movement.
USD/CAD:
Potential Direction: Bearish
Overall momentum of the chart: Bearish
The price is rising toward the pivot and could potentially make a bearish reversal off this level to fall toward the 1st support. The presence of the red Ichimoku Cloud adds further significance to the strength of the downward momentum.
Pivot: 1.3725
Supporting reasons: Identified as an overlap resistance, indicating a potential area where selling pressures could intensify.
1st support: 1.3430
Supporting reasons: Identified as a swing-low support, indicating a key level where the price could stabilize once more.
1st resistance: 1.3837
Supporting reasons: Identified as a swing-high resistance that aligns closely with a 23.6% Fibonacci retracement, indicating a potential area that could halt any further upward movement.
AUD/USD:
Potential Direction: Bearish
Overall momentum of the chart: Bullish
The price is rising toward the pivot and could potentially make a bearish reversal off this level to pull back toward the 1st support. However, the presence of the green Ichimoku Cloud adds further significance to the strength of the upward momentum.
Pivot: 0.6545
Supporting reasons: Identified as an overlap resistance that aligns with a 61.8% Fibonacci retracement, indicating a potential area where selling pressures could intensify.
1st support: 0.6396
Supporting reasons: Identified as a swing-low support that aligns with a 23.6% Fibonacci retracement, suggesting a potential area where the price could stabilize once again.
1st resistance: 0.6680
Supporting reasons: Identified as a swing-high resistance that aligns with a 161.8% Fibonacci extension, indicating a potential area that could halt any further upward movement.
NZD/USD
Potential Direction: Bearish
Overall momentum of the chart: Bullish
The price is rising toward the pivot and could potentially make a bearish reversal off this level to pull back toward the 1st support. However, the presence of the green Ichimoku Cloud adds further significance to the strength of the upward momentum.
Pivot: 0.6121
Supporting reasons: Identified as an overlap resistance, indicating a potential area where selling pressures could intensify.
1st support: 0.5947
Supporting reasons: Identified as a swing-low support that aligns with a 23.6% Fibonacci retracement, suggesting a potential area where the price could stabilize once more.
1st resistance: 0.6257
Supporting reasons: Identified as an overlap resistance, indicating a potential area that could halt any further upward movement.
US30 (DJIA):
Potential Direction: Bullish
Overall momentum of the chart: Neutral
Price is falling toward the pivot and could potentially make a bullish bounce off this level to rise toward the 1st resistance. The presence of the green Ichimoku Cloud adds further significance to the strength of the upward momentum.
Pivot: 41,520.25
Supporting reasons: Identified as an overlap support that aligns closely with a 23.6% Fibonacci retracement, indicating a potential area where buying interests could pick up to stage a rebound.
1st support: 40,494.28
Supporting reasons: Identified as a pullback support that aligns closely with a 38.2% Fibonacci retracement, suggesting a potential area where the price could stabilize once again.
1st resistance: 43,294.84
Supporting reasons: Identified as an overlap resistance that aligns closely with a 78.6% Fibonacci retracement, indicating a potential area that could halt any further upward movement.
DE40 (DAX):
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price is trading close to the pivot and could potentially make a bullish bounce off this level to rise toward the 1st resistance. The presence of the green Ichimoku Cloud adds further significance to the strength of the upward momentum.
Pivot: 23,352.00
Supporting reasons: Identified as an overlap support that aligns closely with a 23.6% Fibonacci retracement, indicating a potential area where buying interests could pick up to stage a rebound.
1st support: 22,423.80
Supporting reasons: Identified as an overlap support that aligns closely with a 38.2% Fibonacci retracement, indicating a key level where the price could stabilize once more.
1st resistance: 24,332.65
Supporting reasons: Identified as a multi-swing-high resistance, indicating a potential area that could halt any further upward movement.
US500 (S&P 500):
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price could fall toward the pivot and potentially make a bullish bounce off this level to rise toward the 1st resistance. The presence of the green Ichimoku Cloud adds further significance to the strength of the upward momentum.
Pivot: 5,796.40
Supporting reasons: Identified as an overlap support that aligns with a 23.6% Fibonacci retracement, indicating a potential area where buying interests could pick up to stage a rebound.
1st support: 5,532.40
Supporting reasons: Identified as a pullback support that aligns closely with a 38.2% Fibonacci retracement, indicating a potential level where the price could stabilize once again.
1st resistance: 6,127.80
Supporting reasons: Identified as a multi-swing-high resistance, indicating a potential area that could halt any further upward movement.
BTC/USD (Bitcoin):
Potential Direction: Bullish
Overall momentum of the chart: Neutral
Price is falling toward the pivot and could potentially make a bullish bounce off this level to rise toward the 1st resistance. The presence of the green Ichimoku Cloud adds further significance to the strength of the upward momentum.
Pivot: 101,082.81
Supporting reasons: Identified as a multi-swing-low support, indicating a potential area where buying interests could pick up to stage a rebound.
1st support: 94,030.59
Supporting reasons: Identified as an overlap support that aligns with a 50% Fibonacci retracement, indicating a potential level where the price could stabilize once more.
1st resistance: 110,969.18
Supporting reasons: Identified as a swing-high resistance, indicating a potential area that could halt any further upward movement.
ETH/USD (Ethereum):
Potential Direction: Bullish
Overall momentum of the chart: Neutral
Price is falling toward the pivot and could potentially make a bullish bounce off this level to rise toward the 1st resistance. The presence of the green Ichimoku Cloud adds further significance to the strength of the upward momentum.
Pivot: 2,407.74
Supporting reasons: Identified as a multi-swing-low support that aligns closely with a 38.2% Fibonacci retracement, indicating a potential area where buying interests could pick up to stage a rebound.
1st support: 2,092.59
Supporting reasons: Identified as an overlap support that aligns closely with a 50% Fibonacci retracement, indicating a potential level where the price could stabilize once again.
1st resistance: 2,816.29
Supporting reasons: Identified as a multi-swing-high resistance, indicating a potential area that could halt any further upward movement.
WTI/USD (Oil):
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price could fall toward the pivot and potentially make a bullish bounce off this level to rise toward the 1st resistance.
Pivot: 71.59
Supporting reasons: Identified as a pullback support that aligns closely with a 23.6% Fibonacci retracement, indicating a potential area where buying interests could pick up to resume the uptrend.
1st support: 65.64
Supporting reasons: Identified as a pullback support that aligns with a 61.8% Fibonacci retracement, indicating a key level where the price could stabilize once more.
1st resistance: 75.99
Supporting reasons: Identified as a swing-high resistance that aligns closely with a 78.6% Fibonacci retracement, indicating a potential area that could halt any further upward movement.
XAU/USD (GOLD):
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price could fall toward the pivot and make a bullish bounce off this level, rising toward the 1st resistance.
Pivot: 3,384.60
Supporting reasons: Identified as a pullback support, indicating a potential area where buying interests could pick up to stage a rebound.
1st support: 3,317.56
Supporting reasons: Identified as an overlap support, acting as a potential level where price could stabilize once again.
1st resistance: 3,500.02
Supporting reasons: Identified as a swing high resistance, indicating a potential area that could halt any further upward movement.
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.
