DXY (U.S. Dollar Index):

Potential Direction: Bearish

Overall momentum of the chart: Bearish

The price could continue to make a bearish fall toward the 1st support. 

Pivot: 98.63

Supporting reasons: Identified as an overlap resistance, indicating a potential area where selling pressures could intensify.

1st support: 97.12

Supporting reasons: Identified as an overlap support, indicating a potential area where the price could again stabilize.

1st resistance: 100.21
Supporting reasons: Identified as an overlap resistance, indicating a potential area that could halt any further upward movement

EUR/USD:

Potential Direction: Bullish

Overall momentum of the chart: Bullish

The price could fall toward the pivot and make a bullish rise toward the 1st resistance.

Pivot: 1.1711
Supporting reasons: Identified as a pullback support, indicating a potential area where buying interest could pick up

1st support: 1.1584
Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once again.

1st resistance: 1.1846
Supporting reasons: Identified as an overlap resistance, indicating a potential level that could cap further upward movement.

EUR/JPY:

Potential Direction: Bullish

Overall momentum of the chart: Bullish

The price has already broken above the pivot and could continue to rise toward the 1st resistance.

Pivot: 173.20
Supporting reasons: Identified as a pullback support, indicating a potential area where buying interest could pick up.

1st support: 170.76
Supporting reasons: Identified as a pullback support, indicating a potential area where the price could again stabilize.

1st resistance: 175.17
Supporting reasons: Identified as a swing high resistance that aligns with the 127.2% Fibonacci extension, indicating a potential level that could cap further upward movement.

EUR/GBP:

Potential Direction: Bearish
Overall momentum of the chart: Bullish

The price has already reacted off the pivot and make a bearish fall toward the 1st support.

Pivot: 0.8665

Supporting reasons: Identified as an overlap resistance, indicating a potential area where selling pressures could intensify..

1st support: 0.8562
Supporting reasons: Identified as a pullback support that aligns with the 50% Fibonacci retracement, indicating a potential area where the price could stabilize once more.

1st resistance: 0.8737
Supporting reasons: Identified as a multi-swing high resistance, indicating a potential level that could cap further upward movement.

GBP/USD:

Potential Direction: Bearish
Overall momentum of the chart: Bullish

The price could rise toward the pivot and make a bearish fall toward the 1st support.

Pivot: 1.3616

Supporting reasons: Identified as an overlap resistance that aligns with the 78.6% Fibonacci retracement, indicating a potential area where selling pressures could intensify..

1st support: 1.3367
Supporting reasons: Identified as an overlap support, indicating a potential area where the price could stabilize once more.

1st resistance: 1.3791
Supporting reasons: Identified as a swing high resistance, indicating a potential level that could halt further upward movement.

GBP/JPY:

Potential Direction: Bullish

Overall momentum of the chart: Bullish

The price has already broken above the pivot and could continue to rise toward the 1st resistance.

Pivot: 199.900
Supporting reasons: Identified as a pullback support, indicating a potential area where buying interest could pick up.

1st support: 195.64
Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once more.

1st resistance: 203.03
Supporting reasons: Identified as a pullback resistance that aligns with the 161.8% Fibonacci extension, indicating a potential level that could halt further upward movement.

USD/CHF:

Potential Direction: Bearish

Overall momentum of the chart: Bullish

The price could rise toward the pivot and make a bearish fall toward the 1st support.

Pivot: 0.8027

Supporting reasons: Identified as a pullback resistance, indicating a potential area where selling pressures could intensify.

1st support: 0.7894
Supporting reasons: Identified as a swing low support, indicating a potential level where the price could stabilize once again.

1st resistance: 0.8169
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: Bullish

The price could fall toward the pivot and make a bullish bounce off toward the 1st resistance.

Pivot: 146.62
Supporting reasons: Identified as an overlap, indicating a potential area where buying interest could pick up.

1st support: 144.86Supporting reasons: Identified as a pullback support that aligns with the 61.8% Fibonacci retracement, indicating a strong area where buyers might return, and the price could stabilize once again.

1st resistance: 150.96
Supporting reasons: Identified as an overlap resistance. This level represents the next key area where upward movement could be capped amid increased selling pressure

USD/CAD:

Potential Direction: Bullish                                                                                                                                                                                                

Overall momentum of the chart: Bearish

The price could fall toward the pivot and make a bullish bounce off toward the 1st resistance.

Pivot: 1.3755
Supporting reasons: Identified as a pullback support that aligns closely with the 61.8% Fibonacci retracement, indicating a potential area where buying interest could pick up.

1st support: 1.3568

Supporting reasons: Identified as a swing low support, indicating a key level where the price could stabilize once more.

1st resistance: 1.4015

Supporting reasons: Identified as an overlap resistance that aligns with the 50% Fibonacci retracement, making it a possible target for bullish advances and a level where some sellers could return to cap gains

AUD/USD:

Potential Direction: Bearish

Overall momentum of the chart: Bullish

The price is trading near the pivot and could make a bearish fall toward the 1st support.

Pivot: 0.6644

Supporting reasons: Identified as a pullback resistance, indicating a potential area where selling pressures could intensify.

1st support: 0.6452

Supporting reasons: Identified as an overlap support, this area has provided strong support historically and may attract buying interest for a potential short-term bounce

1st resistance: 0.6819
Supporting reasons: Identified as a pullback resistance, indicating a potential area that could halt any further upward movement.

NZD/USD

Potential Direction: Bullish

Overall momentum of the chart: Bullish

The price could fall toward the pivot and make a bullish bounce toward the 1st resistance.

Pivot: 0.5902
Supporting reasons: Identified as a pullback support, indicating a potential area where buying interest could pick up.

1st support: 0.5789

Supporting reasons: Identified as a pullback support, this area has provided strong support historically and may attract buying interest for a potential short-term bounce

1st resistance: 0.6122

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: Bullish

The price could fall toward the pivot and could make a bullish move toward the 1st resistance. 

Pivot: 45,112.03
Supporting reasons: Identified as a pullback support, indicating a potential area where buying interest could pick up.

1st support: 43,249.76

Supporting reasons: Identified as an overlap support, suggesting a potential area where the price could stabilize once again.

1st resistance: 46,536.27

Supporting reasons: Identified as a resistance that is supported by the 100% Fibonacci projection, indicating a potential area that could halt any further upward movement.

DE40 (DAX):

Potential Direction: Bearish

Overall momentum of the chart: Bullish

The price could rise toward the pivot and could make a bearish move toward the 1st support.

Pivot: 24,008.75
Supporting reasons: Identified as a pullback resistance, indicating a potential area where selling pressures could intensify.

1st support: 23,153.96

Supporting reasons: Identified as an overlap support, indicating a key level where the price could stabilize once more.

1st resistance: 24,639.02

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

The price could fall toward the pivot and make a bullish bounce toward the 1st resistance.

Pivot: 6,504.87
Supporting reasons: Identified as a pullback support, indicating a potential area where buying interest could pick up.

1st support: 6,418.30

Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once again.

1st resistance: 6,594.14

Supporting reasons: Identified as a resistance that is supported by the 161.8% Fibonacci extension, indicating a potential area that could halt any further upward movement.

BTC/USD (Bitcoin):

Potential Direction: Bearish

Overall momentum of the chart: Bullish

The price could rise toward the pivot and make a bearish fall toward the 1st support.

Pivot: 117,395.83

Supporting reasons: Identified as a pullback resistance that aligns with the 61.8% Fibonacci retracement, indicating a potential area where selling pressures could intensify.

1st support: 112,817.38

Supporting reasons: Identified as a pullback support, indicating a potential level where the price could stabilize once more.

1st resistance: 123,217.96

Supporting reasons: Identified as swing high resistance, indicating a potential area that could halt any further upward movement.

ETH/USD (Ethereum):

Potential Direction: Bearish

Overall momentum of the chart: Bullish

The price could continue to make a bearish fall toward the 1st support.

Pivot: 4,862.36

Supporting reasons: Identified as a swing high resistance, indicating a potential area where selling pressures could intensify.

1st support: 3,853.80

Supporting reasons: Identified as a pullback support that aligns closely with the 161.8% Fibonacci projection, indicating a potential level where the price could stabilize once more.

1st resistance: 5,225.73
Supporting reasons: Identified as a resistance that is supported by the 161.8% Fibonacci extension, indicating a potential area that could halt any further upward movement.

WTI/USD (Oil):

Potential Direction: Bearish

Overall momentum of the chart: Bullish

The price could continue to make a bearish fall toward the 1st support.

Pivot: 63.97

Supporting reasons: Identified as an overlap resistance, indicating a potential area where selling pressures could intensify.

1st support: 57.80
Supporting reasons: Identified as a oullback support that aligns with the 100% Fibonacci projection, indicating a key level where the price could stabilize once more.

1st resistance: 68.85
Supporting reasons: Identified as a pullback resistance, indicating a potential area that could halt any further upward movement.

XAU/USD (GOLD):

Potential Direction: Bullish

Overall momentum of the chart: Bullish

The price could fall toward the pivot and make a bullish rise toward the 1st resistance.

Pivot: 3,501.18

Supporting reasons: Identified as a pullback support, indicating a potential area where buying interest could pick up.

1st support: 3,434.23
Supporting reasons: Identified as a pullback support, indicating a key level where the price could stabilize once more.

1st resistance: 3,643.60
Supporting reasons: Identified as a multi swing 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.au, 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.