DXY (US Dollar Index):

Potential Direction: Bearish

Price could potentially make a bearish reaction off pivot and drop to 1st support.

Pivot: 103.18
Supporting reasons: Identified as a pullback resistance level, specifically at the 50% Fibonacci Retracement, indicating a potential area where sellers could enter the market after a retracement.

1st support: 101.89
Supporting reasons: Identified as an overlap support level, suggesting a significant area where previous declines have found support.

1st resistance: 103.69
Supporting reasons: Identified as a pullback resistance level, indicating a historical point where previous rallies have faced selling pressure or reversed.

EUR/USD:

Potential Direction: Bullish
Overall momentum of the chart: Bullish

Price could potentially make a bullish bounce off pivot and head toward 1st resistance.

Pivot: 1.0864
Supporting reasons: Identified as a pullback support level, indicating a potential area where buyers could enter the market.

1st support: 1.0775
Supporting reasons: Identified as an overlap support level and 61.80% Fibonacci retracement, suggesting a significant area where previous declines have found support.

1st resistance: 1.0943
Supporting reasons: Identified as a pullback resistance level, indicating a historical point where previous rallies have faced selling pressure or reversed.

EUR/JPY:

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price could potentially make a bearish continuation towards 1st support.

Pivot: 160.24
Supporting reasons: Identified as an overlap resistance level, indicating a potential area where sellers could enter the market.

1st support: 154.38
Supporting reasons: Identified as an overlap support level, suggesting a significant area where previous declines have found support.

1st resistance: 164.06
Supporting reasons: Identified as a pullback resistance level, indicating a historical point where previous rallies have faced selling pressure or reversed.

EUR/GBP:

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price could potentially make a bearish reaction off pivot and drop to 1st support.

Pivot: 0.8613
Supporting reasons: Multi-swing high resistance, indicating a significant area where previous rallies have faced selling pressure.

1st support: 0.8540
Supporting reasons: Pullback support and 38.20% Fibonacci retracement, suggesting a potential area where the price may find support after a decline.

1st resistance: 0.8676
Supporting reasons: Swing high resistance, indicating a historical point where previous rallies have reversed or faced selling pressure.

GBP/USD:

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price could potentially make a bearish reaction off pivot and drop to 1st support.

Pivot: 1.2738
Supporting reasons: Pullback resistance, indicating an area where the price may face selling pressure after a brief rally.

1st support: 1.2616
Supporting reasons: Multi-swing low support, suggesting a significant area where the price has historically found support during declines.

1st resistance: 1.2807
Supporting reasons: An Overlap resistance, indicating a previous area of support that has now turned into resistance, reinforcing the bearish sentiment.

GBP/JPY:

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price could potentially make a bearish continuation towards 1st support..

Pivot: 185.98
Supporting reasons: Identified as an overlap resistance level, indicating a potential area where sellers could enter the market.

1st support: 178.19
Supporting reasons: Identified as a multi-swing low support level, suggesting a significant area where previous declines have found support.

1st resistance: 190.18
Supporting reasons: Identified as an overlap resistance level, specifically at the 50% Fibonacci Retracement, indicating a historical point where previous rallies have faced selling pressure or reversed.

USD/CHF:

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price could potentially make a bearish continuation towards 1st support.

Pivot: 0.8562
Supporting reasons: Identified as an overlap resistance level, indicating a potential area where sellers could enter the market.

1st support: 0.8448
Supporting reasons: Identified as an overlap support level, suggesting a significant area where previous declines have found support.

1st resistance: 0.8707
Supporting reasons: Identified as a pullback resistance level, indicating a historical point where previous rallies have faced selling pressure or reversed.

USD/JPY:

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price could potentially make a bearish continuation towards 1st support.

Pivot: 146.28
Supporting reasons: Identified as an overlap resistance level, indicating a potential area where sellers could enter the market.

1st support: 140.97
Supporting reasons: Identified as an overlap support level, suggesting a significant area where previous declines have found support.

1st resistance: 150.83
Supporting reasons: Identified as an overlap resistance level, indicating a historical point where previous rallies have faced selling pressure or reversed.

USD/CAD:

Potential Direction: Bullish
Overall momentum of the chart: Bearish

Price is falling towards the pivot and could potentially make a bullish bounce off this level to rise towards the 1st resistance.

Pivot: 1.3752
Supporting reasons: Identified as an overlap support that aligns close to a 50% Fibonacci retracement level, indicating a significant area where buying interests could pick up to stage a rebound.

1st support: 1.3704
Supporting reasons: Identified as an overlap support, indicating a potential area where price could find strong support.

1st resistance: 1.3794
Supporting reasons: Identified as a pullback resistance that aligns close to a 23.6% Fibonacci retracement level, indicating a potential area that could halt any further upward movement.

AUD/USD:

Potential Direction: Bearish
Overall momentum of the chart: Neutral

Price could rise towards the pivot and potentially make a bearish reversal off this level to drop towards the 1st support.

Pivot: 0.6574
Supporting reasons: Identified as a pullback resistance that aligns with a 50% Fibonacci retracement level, indicating a potential area where selling pressures could intensify. The presence of a bearish Ichimoku Cloud adds further significance to the strength of this resistance zone.

1st support: 0.6438
Supporting reasons: Identified as a pullback support, suggesting a significant area where price has recently found support.

1st resistance: 0.6643
Supporting reasons: Identified as a pullback resistance that aligns close to a 61.8% Fibonacci retracement, indicating a significant area that could halt further upward movement.

NZD/USD

Potential Direction: Bearish
Overall momentum of the chart: Neutral

Price could rise towards the pivot and potentially make a bearish reversal off this level to drop towards the 1st support.

Pivot: 0.6037
Supporting reasons: Identified as an overlap resistance, indicating a potential area where selling pressures could intensify.

1st support: 0.5982
Supporting reasons: Identified as an overlap support, suggesting a potential area where price could find strong support.

1st resistance: 0.6090
Supporting reasons: Identified as a pullback resistance, indicating a significant area that could halt further upward movement.

US30 (DJIA):

Potential Direction: Bearish

Overall Momentum of the Chart: Bearish

Price could rise towards the pivot and potentially make a bearish reversal off this level to drop towards the 1st support.

Pivot: 39,622.34

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

1st Support: 38,622.17

Supporting Reasons: Identified as a pullback support, suggesting a significant area where price has recently found support.

1st Resistance: 40,463.41

Supporting Reasons: Identified as a pullback resistance, indicating a significant area that could halt further upward movement.

DE40 (DAX):

Potential Direction: Bearish

Overall Momentum of the Chart: Bearish

Price could rise towards the pivot and potentially make a bearish reversal off this level to drop towards the 1st support.

Pivot: 17,804.20
Supporting reasons: Identified as a pullback resistance that aligns with a 50% Fibonacci retracement level, indicating a significant area where selling pressures could intensify to resume the downtrend.

1st Support: 17,294.80

Supporting Reasons: Identified as a pullback support, indicating a significant area where price has recently found support.

1st Resistance: 17,988.15

Supporting Reasons: Identified as a pullback resistance that aligns with a 61.8% Fibonacci retracement level, indicating a significant area that could halt further upward movement.

US500 (S&P 500): 

Potential Direction: Bearish

Overall momentum of the chart: Bearish

Price could rise towards the pivot and potentially make a bearish reversal off this level to drop towards the 1st support.

Pivot: 5,337.58
Supporting reasons:  Identified as a pullback resistance that aligns close to a 50% Fibonacci retracement level, indicating a significant area where selling pressures could intensify to resume the downtrend.

1st support: 5,210.70

Supporting reasons: Identified as a pullback support, suggesting a significant area where price has recently found support.

1st resistance: 5,402.66

Supporting reasons: Identified as a pullback resistance that aligns close to a 61.8% Fibonacci retracement level, suggesting a critical area that could halt further upward movement.

BTC/USD (Bitcoin):

Potential Direction: Bearish

Overall momentum of the chart: Neutral

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

Pivot: 59,262.44

Supporting reasons: Identified as an overlap resistance that aligns with a 50% Fibonacci retracement level, indicating a potential area where selling pressures could intensify to resume the downtrend.

1st support: 55,268.09

Supporting reasons: Identified as a pullback support, indicating a potential area where price has recently found support.

1st resistance: 62,749.24

Supporting reasons: Identified as a pullback resistance that aligns close to a 61.8% Fibonacci retracement level, indicating a potential barrier that could halt further upward movement.

ETH/USD (Ethereum):

Potential Direction: Bearish

Overall momentum of the chart: Neutral

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

Pivot: 2,878.94

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

1st Support: 2,403.42

Supporting Reasons: Identified as a pullback support, indicating a potential area where price has recently found support.

1st Resistance: 3,104.48

Supporting Reasons: Identified as a pullback resistance that aligns with a 78.6% Fibonacci retracement level, indicating a historical barrier where that could halt further upward movement.

WTI/USD (Oil):

Potential Direction: Bearish

Overall Momentum of the Chart: Bearish

Price could rise towards the pivot and potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 75.89

Supporting Reasons: Identified as a pullback resistance that aligns close to a 50% Fibonacci retracement level, indicating a significant where selling pressures could intensify to resume the downtrend. 

1st Support: 72.61

Supporting Reasons: Identified as a pullback support, indicating a significant area where price has recently found support.

1st Resistance: 79.84

Supporting Reasons: Identified as a pullback resistance that aligns close to a 61.8% Fibonacci retracement level, indicating a potential barrier that could halt further upward movement. The presence of a bearish Ichimoku Cloud adds further significance to the strength of this resistance zone.

XAU/USD (GOLD):

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price could potentially make a bearish reaction off pivot and drop to 1st support.

Pivot: 2421.93
Supporting reasons: Identified as a pullback resistance level, indicating a potential area where sellers could enter the market.

1st support: 2356.21
Supporting reasons: Identified as a swing low support level, suggesting a significant area where previous declines have found support.

1st resistance: 2483.58
Supporting reasons: Identified as a swing high resistance level, indicating a historical point where previous rallies have faced selling pressure or reversed.

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.