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. Additionally, the price is below the Ichimoku Cloud, which adds further significance to the strength of the bearish momentum.
Pivot: 0.98.65
Supporting reasons: Identified as an overlap resistance, indicating a potential area where selling pressures could intensify.
1st support: 96.61
Supporting reasons: Identified as a swing low support, 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 could fall toward the pivot and make a bullish bounce off toward the 1st resistance. Additionally, the price is above the Ichimoku Cloud, which adds further significance to the strength of the bullish momentum.
Pivot: 1.1583
Supporting reasons: Identified as an overlap support, indicating a potential area where buying interest could pick up.
1st support: 1.442
Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once again.
1st resistance: 1.1825
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 could continue to make a bearish fall toward the 1st support.
Pivot: 172.66
Supporting reasons: Identified as an overlap resistance that aligns closely with the 78.6% Fibonacci retracement, indicating a potential area where selling pressures could intensify.
1st support: 169.78
Supporting reasons: Identified as an overlap support, indicating a potential area where the price could again stabilize.
1st resistance: 173.87
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 at this level and fall toward the 1st support.
Pivot: 0.8689
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: 0.8563
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: 0.8744
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 could continue to make a bullish rise toward the 1st resistance.
Pivot: 1.3383
Supporting reasons: Identified as an overlap support, indicating a potential area where buying interest could pick up.
1st support: 1.3203
Supporting reasons: Identified as an overlap support, indicating a potential area where the price could stabilize once more.
1st resistance: 1.3623
Supporting reasons: Identified as a pullback resistance that aligns closely with the 78.6% Fibonacci retracement and the 61.8% Fibonacci projection, indicating a potential level that could halt further upward movement.
GBP/JPY:
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: 199.24
Supporting reasons: Identified as an overlap resistance, indicating a potential area where selling pressures could intensify.
1st support: 196.67
Supporting reasons: Identified as a pullback support that aligns closley with the 61.8% Fibonacci retracement, indicating a potential level where the price could stabilize once more.
1st resistance: 200.60
Supporting reasons: Identified as a swing high resistance, 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 reversal off at this level and fall toward the 1st support.
Pivot: 0.8040
Supporting reasons: Identified as a pullback resistance, indicating a potential area where selling pressures could intensify.
1st support: 0.7892
Supporting reasons: Identified as a swing low support, indicating a potential level where the price could stabilize once again.
1st resistance: 0.8165
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 make a bullish bounce off toward the 1st resistance.
Pivot: 145.09
Supporting reasons: Identified as a pullback support that aligns with the 78.6% Fibonacci retracement, indicating a potential area where buying interest could pick up.
1st support: 142.39
Supporting reasons: Identified as a swing low support, indicating a strong area where buyers might return, and the price could stabilize once again.
1st resistance: 151.23
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 could fall toward the pivot and make a bullish bounce off toward the 1st resistance.
Pivot: 1.3752
Supporting reasons: Identified as an overlap support, indicating a potential area where buying interest could pick up.
1st support: 1.3557
Supporting reasons: Identified as a swing low support, indicating a key level where the price could stabilize once more.
1st resistance: 1.3982
Supporting reasons: Identified as a swing high resistance that aligns with the 161.8% Fibonacci extension, 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 reversal off at this level and fall toward the 1st support.
Pivot: 0.6488
Supporting reasons: Identified as a pullback resistance, indicating a potential area where selling pressures could intensify.
1st support: 0.6386
Supporting reasons: Identified as an overlap support that aligns with the 127.2% Fibonacci extension, this area has provided strong support historically and may attract buying interest for a potential short-term bounce
1st resistance: 0.6604
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: 0.5887
Supporting reasons: Identified as a pullback resistance, indicating a potential area where selling pressures could intensify.
1st support: 0.5793
Supporting reasons: Identified as an overlap support that aligns with the 50% Fibonacci retracement, this area has provided strong support historically and may attract buying interest for a potential short-term bounce
1st resistance: 0.5986
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: 44,792.790
Supporting reasons: Identified as an overlap support, indicating a potential area where buying interest could pick up.
1st support: 43,286.69
Supporting reasons: Identified as an overlap support, suggesting a potential area where the price could stabilize once again.
1st resistance: 45,667.770
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.
DE40 (DAX):
Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price could continue to make a bullish move toward the 1st resistance.
Pivot: 24,266.16
Supporting reasons: Identified as an overlap support that aligns with the 23.6% Fibonacci retracement, indicating a potential area where buying interest could pick up.
1st support: 23,934.30
Supporting reasons: Identified as an overlap support that aligns with the 50% Fibonacci retracement, indicating a key level where the price could stabilize once more.
1st resistance: 25,000
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.
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: 6,345.47
Supporting reasons: Identified as an overlap support, indicating a potential area where buying interest could pick up.
1st support: 6,214.59
Supporting reasons: Identified as a multi-swing low support, indicating a potential level where the price could stabilize once again.
1st resistance: 6,521.72
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 reversal off and fall toward the 1st support.
Pivot: 117,126.93
Supporting reasons: Identified as an overlap resistance, indicating a potential area where selling pressures could intensify.
1st support: 110,675.39
Supporting reasons: Identified as an overlap support that aligns with the 50% Fibonacci retracement, indicating a potential level where the price could stabilize once more.
1st resistance: 124,655.27
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: Bullish
The price could fall toward the pivot and make a bullish bounce off toward the 1st resistance.
Pivot: 4,391.91
Supporting reasons: Identified as a pullback support, indicating a potential area where buying interest could pick up.
1st support: 3,929.35
Supporting reasons: Identified as a pullback support, indicating a potential level where the price could stabilize once more.
1st resistance: 4,862.75
Supporting reasons: Identified as a swing resistance, 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: 65.71
Supporting reasons: Identified as a pullback resistance that aligns with the 38.2% Fibonacci retracement, indicating a potential area where selling pressures could intensify.
1st support: 59.79
Supporting reasons: Identified as an overlap support that aligns closely 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 could fall toward the pivot and make a bullish bounce off toward the 1st resistance.
Pivot: 3,328.46
Supporting reasons: Identified as an overlap support, indicating a potential area where buying interest could pick up.
1st support: 3.252.44
Supporting reasons: Identified as an overlap support, indicating a key level where the price could stabilize once more.
1st resistance: 3,444.68
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 Trading 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.ictrading.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 Trading 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 Trading 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.