ICMarket

Monday 7th July 2025: Technical Outlook and Review

DXY (US Dollar Index):

Potential Direction: Bullish

Overall momentum of the chart: Bearish

The price could potentially make a bullish continuation toward the 1st resistance.

Pivot: 96.66

Supporting reasons: Identified as a pullback support that aligns with the 161.8% Fibonacci extension, indicating a potential area where buying interest could pick up to resume the uptrend.

1st support: 95.40

Supporting reasons: Identified as a support that aligns with the 161.8% Fibonacci extension, indicating a potential area where the price could stabilize once again.

1st resistance: 97.79
Supporting reasons: Identified as a pullback resistance, indicating a potential level that could cap further upward movement.

EUR/USD:

Potential Direction: Bullish

Overall momentum of the chart: Bullish

The price could fall toward the pivot and potentially make a bullish 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: 1.1630

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

1st support: 1.1446
Supporting reasons: Identified as an overlap support, indicating a potential area where the price could again stabilize.

1st resistance: 1.1909

Supporting reasons: Identified as an overlap resistance that aligns with the 161.8% Fibonacci extension and the 78.6% Fibonacci projection, indicating a potential area that could halt any further upward movement.

EUR/JPY:

Potential Direction: Bullish

Overall momentum of the chart: Bullish

The price could fall toward the pivot and potentially make a bullish 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: `169.69

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

1st support: 167.43
Supporting reasons: Identified as a pullback support, indicating a potential area where the price could again stabilize.

1st resistance: 171.98
Supporting reasons: Identified as a multi-swing-high resistance and acting as a key area that could halt any further upward movement.

EUR/GBP: 

Potential Direction: Bullish
Overall momentum of the chart: Bullish

The price is falling toward the pivot and could potentially make a bullish 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: 0.8563

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

1st support: 0.8521
Supporting reasons: Identified as a pullback support, indicating a potential area where the price could stabilize once more.

1st resistance: 0.8681
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 fall toward the pivot and potentially make a bullish 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: 1.3563

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

1st support: 1.3376
Supporting reasons: Identified as an overlap support, indicating a potential area where the price could stabilize once more.

1st resistance: 1.3790
Supporting reasons: Identified as a swing high resistance that aligns with a 161.8% Fibonacci extension, indicating a potential level that could cap further upward movement.

GBP/JPY:

Potential Direction: Bullish
Overall momentum of the chart: Bullish

The price could fall toward the pivot and potentially make a bullish 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: 195.17

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

1st support: 193.09

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

1st resistance: 198.44
Supporting reasons: Identified as a multi-swing high resistance, acting as a key area that could halt any further upward movement.

USD/CHF:

Potential Direction: Bearish

Overall momentum of the chart: Bearish

The price is rising toward the pivot and could potentially make a bearish reversal 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: 0.8042

Supporting reasons: Identified as a pullback resistance that aligns with the 50% Fibonacci retracement, indicating a potential area where selling pressures could intensify.

1st support: 0.7872
Supporting reasons: Identified as a swing low support, indicating a potential level where the price could stabilize once again.

1st resistance: 0.8159
Supporting reasons: Identified as a pullback resistance, indicating a potential level that could cap further upward movement.

USD/JPY:

Potential Direction: Bullish

Overall momentum of the chart: Bearish

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

Pivot: 142.38

Supporting reasons: Identified as a multi-swing low support, indicating a potential area where buying interest could pick up to resume the uptrend.

1st support: 139.90
Supporting reasons: Identified as a swing low support, suggesting a potential area where the price could stabilize once more.

1st resistance: 146.02
Supporting reasons: Identified as a pullback resistance that aligns closely with the 61.8% Fibonacci retracement, indicating a potential level that could cap further upward movement.

USD/CAD:

Potential Direction: Bullish

Overall momentum of the chart: Bearish

The price has made a bullish reversal off the pivot and could potentially rise toward the 1st resistance.

Pivot: 1.3570

Supporting reasons: Identified as a swing-low support, indicating a potential area where buying interests could pick up to stage a rebound.

1st support: 1.3435

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

1st resistance: 1.3732

Supporting reasons: Identified as a swing-high resistance that aligns closely with a 50% Fibonacci retracement, indicating a potential area that could halt any further upward movement. The presence of the red Ichimoku Cloud adds further significance to the strength of the downward momentum.

AUD/USD:

Potential Direction: Bullish

Overall momentum of the chart: Bullish

The 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: 0.6423

Supporting reasons: Identified as a swing-low 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: 0.6328

Supporting reasons: Identified as a pullback support that aligns with a 38.2% Fibonacci retracement, suggesting a potential area where the price could stabilize once again.

1st resistance: 0.6583
Supporting reasons: Identified as a swing-high resistance that aligns closely with a 127.2% Fibonacci extension, indicating a potential area that could halt any further upward movement.

NZD/USD

Potential Direction: Bullish

Overall momentum of the chart: Bullish

The 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: 0.5937
Supporting reasons: Identified as an overlap support, indicating a potential area where buying interests could pick up to resume the uptrend.

1st support: 0.5820

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

1st resistance: 0.6098

Supporting reasons: Identified as a 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 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: 43,301.60

Supporting reasons: Identified as an overlap support that aligns with a 50% Fibonacci retracement, indicating a potential area where buying interests could pick up to resume the uptrend.

1st support: 41,543.70

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

1st resistance: 45,042.77

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 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: 23,059.10
Supporting reasons: Identified as a swing-low support that aligns with a 78.6% Fibonacci projection, indicating a potential area where buying interests could pick up to resume the uptrend.

1st support: 22,177.80

Supporting reasons: Identified as a pullback support that aligns closely with a 38.2% Fibonacci retracement, indicating a key level where the price could stabilize once more.

1st resistance: 24,300.00
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 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: 6,127.80

Supporting reasons: Identified as a pullback support, indicating a potential area where buying interests could pick up to resume the uptrend.

1st support: 5,785.00

Supporting reasons: Identified as an overlap support that aligns closely with a 38.2% Fibonacci retracement, indicating a potential level where the price could stabilize once again.

1st resistance: 6,428.64

Supporting reasons: Identified as a resistance that aligns closely with a confluence of Fibonacci levels i.e. the 78.6% projection and the 161.8% 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 potentially make a bearish reversal off this level to pull back toward the 1st support.

Pivot: 110,959.87

Supporting reasons: Identified as a swing-high resistance close to the all-time high, indicating a potential area where selling pressures could intensify.

1st support: 105,822.21
Supporting reasons: Identified as a swing-low support, indicating a potential level where the price could stabilize once more.

1st resistance: 115,672.57
Supporting reasons: Identified as a resistance that aligns with a 161.8% Fibonacci extension, indicating a potential area that could halt any further upward movement.

ETH/USD (Ethereum):

Potential Direction: Bearish

Overall momentum of the chart: Neutral

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

Pivot: 2,806.23
Supporting reasons: Identified as a multi-swing-high resistance, indicating a potential area where selling pressures could intensify.

1st support: 2,102.34
Supporting reasons: Identified as an overlap support that aligns with a 50% Fibonacci retracement, indicating a potential level where the price could stabilize once again.

1st resistance: 3,311.17
Supporting reasons: Identified as a swing-high resistance that aligns closely with a 161.8% Fibonacci extension, indicating a potential area that could halt any further upward movement.

WTI/USD (Oil):

Potential Direction: Bullish

Overall momentum of the chart: Bearish

The price could fall toward the pivot and potentially make a bullish bounce off this level to rise toward the 1st resistance. 

Pivot: 63.73

Supporting reasons: Identified as a pullback support that aligns closely with a 61.8% Fibonacci retracement, indicating a potential area where buying interests could pick up to stage a minor rebound.

1st support: 56.03
Supporting reasons: Identified as a multi-swing-low support, indicating a key level where the price could stabilize once more.

1st resistance: 71.20
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: Bearish

The price could potentially make a bearish continuation toward the 1st support. 

Pivot: 3366.10

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

1st support: 3,253.05
Supporting reasons: Identified as an overlap support that aligns with the 61.8% Fibonacci retracement and the 61.8% Fibonacci projection, indicating a key level where the price could stabilize once more.

1st resistance: 3435.77
Supporting reasons: Identified as a multi-swing high resistance, indicating a potential area that could halt any further upward movement.

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