ICMarket

Monday 11th August 2025: Technical Outlook and Review

DXY (U.S. Dollar Index):

Potential Direction: Bearish

Overall momentum of the chart: Bearish

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

Pivot: 98.64

Supporting reasons: Identified as a pullback resistance that aligns closely with the 38.2% Fibonacci retracement, indicating a potential area where selling pressures could intensify.

1st support: 97.11

Supporting reasons: Identified as an overlap support that aligns with the 78.6% Fibonacci retracement, indicating a potential area where the price could again stabilize.

1st resistance: 100.20
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 is falling toward the pivot and could make a bullish move toward the 1st resistance

Pivot: 1.1591
Supporting reasons: Identified as a pullback support that aligns with the 38.2% Fibonacci retracement, indicating a potential area where buying interest could pick up.

1st support: 1.1391
Supporting reasons: Identified as a pullback support, indicating a potential level where the price could stabilize once again.

1st resistance: 1.1811
Supporting reasons: Identified as a swing high resistance, indicating a potential level that could cap further upward movement.

EUR/JPY:

Potential Direction: Bearish

Overall momentum of the chart: Bullish

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

Pivot: 172.20

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: 168.38
Supporting reasons: Identified as an overlap support that aligns closely with the 50% Fibonacci retracement, indicating a potential area where the price could again stabilize.

1st resistance: 173.38
Supporting reasons: Identified as a swing high resistance, indicating a potential level that could cap further upward movement.

EUR/GBP: 

Potential Direction: Bearish
Overall momentum of the chart: Bullish

The price is rising toward the pivot and could make a bearish reversal off and fall toward the 1st support.

Pivot: 0.8694

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

1st support: 0.8567
Supporting reasons: Identified as a pullback support that aligns closely with the 50% Fibonacci retracement, indicating a potential area where the price could stabilize once more.

1st resistance: 0.8753
Supporting reasons: Identified as a swing high resistance, indicating a potential level that could cap further upward movement.

GBP/USD:

Potential Direction: Bullish
Overall momentum of the chart: Bullish

The price is falling toward the pivot and could make a bullish move toward the 1st resistance

Pivot: 1.3369
Supporting reasons: Identified as a pullback support, indicating a potential area where buying interest could pick up.

1st support: 1.3200
Supporting reasons: Identified as an overlap support, indicating a potential area where the price could stabilize once more.

1st resistance: 1.3575
Supporting reasons: Identified as an overlap resistance that aligns closely with the 61.8% Fibonacci retracement, indicating a potential level that could halt further upward movement.

GBP/JPY:

Potential Direction: Bearish

Overall momentum of the chart: Bullish

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

Pivot: 199.53

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

1st support: 196.38
Supporting reasons: Identified as a pullback support, indicating a potential level where the price could stabilize once more.

1st resistance: 201.60
Supporting reasons: Identified as a pullback resistance that aligns closely with the 161.8% Fibonacci extension, indicating a potential level that could halt further upward movement.

USD/CHF:

Potential Direction: Bullish

Overall momentum of the chart: Bearish

The price is falling toward the pivot and could make a bullish move toward the 1st resistance 

Pivot: 0.8040
Supporting reasons: Identified as a pullback support, indicating a potential area where buying interest could pick up.

1st support: 0.7893
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 that aligns with the 50% Fibonacci retracement, indicating a potential level that could cap further upward movement.

USD/JPY:

Potential Direction: Bullish

Overall momentum of the chart: Bullish

The price is falling toward the pivot and could make a bullish move toward the 1st resistance 

Pivot: 145.27
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: 143.29
Supporting reasons: Marked as a multi-swing low support, indicating a strong area where buyers might return, and the price could stabilize once again.

1st resistance: 151.05
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 is falling toward the pivot and could make a bullish move toward the 1st resistance 

Pivot: 1.3687
Supporting reasons: Identified as a pullback support that aligns with the 61.8% Fibonacci retracement, indicating a potential area where buying interest could pick up.

1st support: 1.3563

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

1st resistance: 1.3882

Supporting reasons: Identified as an overlap resistance, 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 rising toward the pivot and could make a bearish reversal off and fall toward the 1st support.

Pivot: 0.6532

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: 0.6383

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: 0.6625
Supporting reasons: Identified as a swing low resistance, 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 make a bearish reversal off and fall toward the 1st support.

Pivot: 0.5988

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: 0.5853

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: 0.6071

Supporting reasons: Identified as a pullback 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 is falling toward the pivot and could make a bullish move toward the 1st resistance

Pivot: 42,889.86
Supporting reasons: Identified as a pullback support that aligns with the 61.8% Fibonacci retracement, indicating a potential area where buying interest could pick up.

1st support: 41,750.90

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

1st resistance: 45,020.36

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

DE40 (DAX):

Potential Direction: Bullish

Overall momentum of the chart: Bullish

The price is falling toward the pivot and could make a bullish move toward the 1st resistance

Pivot: 23,380.56
Supporting reasons: Identified as an overlap support, indicating a potential area where buying interest could pick up.

1st support: 22,503.52

Supporting reasons: Identified as a pullback support that aligns with the 127.2% Fibonacci extension, indicating a key level where the price could stabilize once more.

1st resistance: 24,661.68
Supporting reasons: Identified as a 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 could make a bullish move toward the 1st resistance 

Pivot: 6,152.94

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

1st support: 5,783.73

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

1st resistance: 6,436.72

Supporting reasons: Identified as a resistance that is supported by the 127.2% 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 is rising toward the pivot and could make a bearish move toward the 1st support.

Pivot: 118,048.47

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

1st support: 111,862.44

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

1st resistance: 123.250.36

Supporting reasons: Identified as a 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 has already reacted off the pivot and could make a bearish fall toward the 1st support.

Pivot: 4,319.49

Supporting reasons: Identified as a resistance that is supported by the 161.8% Fibonacci extension, indicating a potential area where selling pressures could intensify.

1st support: 3,860.40

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

1st resistance: 4,475.32
Supporting reasons: Identified as a resistance that is supported by the 61.8% Fibonacci projection,  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 is rising toward the pivot and could make a bearish reversal off and fall toward the 1st support.

Pivot: 65.61

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

1st support: 59.90
Supporting reasons: Identified as an overlap support that lines up with the 78.6% Fibonacci retracement, indicating a key level where the price could stabilize once more.

1st resistance: 71.33
Supporting reasons: Identified as an overlap 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 is falling toward the pivot and could make a bullish move toward the 1st resistance

Pivot: 3,365.84
Supporting reasons: Identified as an overlap support, indicating a potential area where buying interest could pick up.

1st support: 3,251.74
Supporting reasons: Identified as an overlap support, indicating a key level where the price could stabilize once more.

1st resistance: 3,500
Supporting reasons: Identified as a swing high resistance that aligns closely with the 127.2% Fibonacci extension, indicating a potential area that could halt any further upward movement.

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