ICMarket

Monday 18th August 2025: Technical Outlook and Review

 

DXY (U.S. Dollar Index):

Potential Direction: Bearish

Overall momentum of the chart: Bearish

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

Pivot: 98.27

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

1st support: 94.66

Supporting reasons: Identified as a pullback support that nears the 127.2% Fibonacci extension, indicating a potential area where the price could again stabilize.

1st resistance: 101.90
Supporting reasons: Identified as an overlap resistance, indicating a potential area that could halt any further upward movement.

EUR/USD:

Potential Direction: Bearish

Overall momentum of the chart: Bullish

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

Pivot: 1.1885

Supporting reasons: Identified as a resistance that is supported by the 127.2% Fibonacci extension and the 61.8% Fibonacci projection, indicating a potential area where selling pressures could intensify.

1st support: 1.1578
Supporting reasons: Identified as a pullback support, indicating a potential level where the price could stabilize once again.

1st resistance: 1.2127
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 could fall toward the pivot and could make a bullish move toward the 1st resistance. Additionally, the price is above the Ichimoku Cloud, which adds further significance to the strength of the bullish momentum.       

Pivot: 170.64
Supporting reasons: Identified as a pullback support, indicating a potential area where buying interest could pick up.

1st support: 166.75
Supporting reasons: Identified as a pullback support, indicating a potential area where the price could again stabilize.

1st resistance: 175.36
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: Bullish
Overall momentum of the chart: Bullish

The price has already bounced off the pivot and could rise toward the 1st resistance. Additionally, the price is above the Ichimoku Cloud, which adds further significance to the strength of the bullish momentum.

Pivot: 0.8613

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: 0.8461
Supporting reasons: Identified as a pullback support that aligns with the 78.6% Fibonacci retracement, indicating a potential area where the price could stabilize once more.

1st resistance: 0.8764
Supporting reasons: Identified as a pullback 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 reversal off at this level and fall toward the 1st support.  

Pivot: 1.3613

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

1st support: 1.3366
Supporting reasons: Identified as a pullback support, indicating a potential area where the price could stabilize once more.

1st resistance: 1.3789
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 could fall toward the pivot and could make a bullish move toward the 1st resistance. Additionally, the price is above the Ichimoku Cloud, which adds further significance to the strength of the bullish momentum.  

Pivot: 199.46
Supporting reasons: Identified as a pullback support, indicating a potential area where buying interest could pick up.

1st support: 196.33
Supporting reasons: Identified as a pullback support, indicating a potential level where the price could stabilize once more.

1st resistance: 204.04
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: Bullish

The price has already bounced off the pivot and could continue to make a bullish move toward the 1st resistance. 

Pivot: 0.8040
Supporting reasons: Identified as a pullback support that aligns with the 50% Fibonacci retracement, indicating a potential area where buying interest could pick up.

1st support: 0.7879
Supporting reasons: Identified as a swing low support, indicating a potential level where the price could stabilize once again.

1st resistance: 0.8171
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 could fall toward the pivot and could make a bullish move toward the 1st resistance.

Pivot: 145.37
Supporting reasons: Identified as an overlap support that aligns with 61.8% Fibonacci retracement,  indicating a potential area where buying interest could pick up.

1st support: 142.37
Supporting reasons: Marked as a swing low support, indicating a strong area where buyers might return, and the price could stabilize once again.

1st resistance: 150.98
Supporting reasons: Identified as a pullback resistance that aligns with the 61.8% Fibonacci retracement. 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 has already bounced off the pivot and could continue to rise toward the 1st resistance. 

Pivot: 1.3754
Supporting reasons: Identified as an overlap support, indicating a potential area where buying interest could pick up.

1st support: 1.3558

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

1st resistance: 1.4162

Supporting reasons: Identified as a pullback resistance that aligns with the 61.8% 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 could rise toward the pivot and make a bearish reversal off this level and fall toward the 1st support.  

Pivot: 0.6686

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

1st support: 0.6429

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: 0.6940
Supporting reasons: Identified as a swing high 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 could rise toward the pivot and make a bearish reversal off this level and fall toward the 1st support.  

Pivot: 0.6118

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

1st support: 0.5850

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: 0.6346

Supporting reasons: Identified as a multi-swing high 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. Additionally, the price is above the Ichimoku Cloud, which adds further significance to the strength of the bullish momentum.       

Pivot: 43,986.93
Supporting reasons: Identified as an overlap support, indicating a potential area where buying interest could pick up.

1st support: 43,268.95

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

1st resistance: 46,277.62

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.

DE40 (DAX):

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. Additionally, the price is above the Ichimoku Cloud, which adds further significance to the strength of the bullish momentum.       

Pivot: 23,355.51
Supporting reasons: Identified as an overlap support, indicating a potential area where buying interest could pick up.

1st support: 22,172.74

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

1st resistance: 25,445.88

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.

US500 (S&P 500): 

Potential Direction: Bearish 

Overall momentum of the chart: Bullish

The price could rise toward the pivot and make a bearish reversal off at this level and fall toward the 1st support. Additionally, price is showing a bearish divergence signify potential downtrends

Pivot: 6,512.69

Supporting reasons: Identified as a pullback resistance that aligns with the 127.2% Fibonacci extension, indicating a potential area where selling pressures could intensify.

1st support: 6,129.05

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

1st resistance: 6,975.19

Supporting reasons: Identified as 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: Bullish

Overall momentum of the chart: Bullish

The price could fall toward the pivot and could make a bullish move toward the 1st resistance. Additionally, the price is above the Ichimoku Cloud, which adds further significance to the strength of the bullish momentum.       

Pivot: 111,783.38
Supporting reasons: Identified as an overlap support, indicating a potential area where buying interest could pick up.

1st support: 98.421.14

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

1st resistance: 126,406.41

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.

ETH/USD (Ethereum):

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. Additionally, the price is above the Ichimoku Cloud, which adds further significance to the strength of the bullish momentum.       
Pivot: 4,096.19
Supporting reasons: Identified as a pullback support, indicating a potential area where selling pressures could intensify.

1st support: 3,440.61

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

1st resistance: 5,162.78
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.

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. Additionally, the price is below the Ichimoku Cloud, which adds further significance to the strength of the bearish momentum.     

Pivot: 65.65

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

1st support: 57.96
Supporting reasons: Identified as a swing low support, indicating a key level where the price could stabilize once more.

1st resistance:71.22
Supporting reasons: Identified as an overlap resistance,  indicating a potential area that could halt any further upward movement.

XAU/USD (GOLD):

Potential Direction: Bearish

Overall momentum of the chart: Bullish

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

 Pivot: 3,366.54

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

1st support: 3,136.16
Supporting reasons: Identified as an overlap support that aligns with the 161.8% Fibonacci projection, indicating a key level where the price could stabilize once more.

1st resistance: 3,503.64
Supporting reasons: Identified as a swing high resistance, indicating a potential area that could halt any further upward movement.

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