DXY (US Dollar Index):

Potential Direction: Bullish
Overall momentum of the chart: Bearish

Price could potentially make a bullish continuation towards the 1st resistance.

Pivot: 102.28
Supporting reasons: Identified as swing low support, indicating a potential area where the price could find a strong base and push higher.

1st support: 101.28
Supporting reasons: Identified as an overlap support, suggesting a critical level where price could stabilize or reverse on a decline.

1st resistance: 103.67
Supporting reasons: Identified as an overlap resistance, reinforced by the 50% Fibonacci retracement, indicating a significant level where price might encounter selling pressure or a reversal.

EUR/USD:

Potential Direction: Bearish
Overall momentum of the chart: Bullish

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

Pivot: 1.0990
Supporting reasons: Identified as an overlap resistance, suggesting a potential area where selling pressure could emerge, leading to a decline.

1st support: 1.0942
Supporting reasons: Identified as pullback support, reinforced by the 61.80% Fibonacci retracement, indicating a significant level where the price might find support.

1st resistance: 1.1045
Supporting reasons: Identified as swing high resistance, 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 reaction off the pivot and drop to the 1st support.

Pivot: 165.30
Supporting reasons: Identified as an overlap resistance, reinforced by the 50% Fibonacci retracement, indicating a potential level where selling pressure may emerge.

1st support: 161.42
Supporting reasons: Identified as an overlap support, suggesting a significant area where previous declines have found support.

1st resistance: 168.02
Supporting reasons: Identified as an overlap resistance, where previous rallies have faced selling pressure or reversed.

EUR/GBP:

Potential Direction: Bullish
Overall momentum of the chart: Bearish

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

Pivot: 0.8518
Supporting reasons: Identified as an overlap support, reinforced by the 50% Fibonacci retracement and 127.20% Fibonacci extension, indicating Fibonacci confluence and suggesting a strong potential for a bullish move.

1st support: 0.8475
Supporting reasons: Identified as pullback support, suggesting an area where the price may find support before continuing its bullish direction.

1st resistance: 0.8563
Supporting reasons: Identified as pullback resistance, indicating a potential area where the price could face selling pressure or reversal.

GBP/USD:

Potential Direction: Bearish
Overall momentum of the chart: Bearish

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

Pivot: 1.2886
Supporting reasons: Identified as an overlap resistance, indicating a potential area where sellers could enter the market, reinforcing the bearish momentum.

1st support: 1.2803
Supporting reasons: Identified as an overlap support, suggesting a significant area where previous declines have found support and could potentially slow down the bearish move.

1st resistance: 1.2940
Supporting reasons: Identified as an overlap resistance, marking a historical point where previous rallies have faced selling pressure or reversed, adding to the bearish outlook.

GBP/JPY:

Potential Direction: Bullish
Overall momentum of the chart: Bullish

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

Pivot: 190.18
Supporting reasons: Identified as a pullback support, indicating a level where the price might find buyers, supporting the continuation of the bullish trend.

1st support: 185.99
Supporting reasons: Identified as an overlap support, suggesting a significant area where previous declines have found support, potentially providing a strong base for further upward movement.

1st resistance: 195.05
Supporting reasons: Identified as a pullback resistance, supported by the 78.60% Fibonacci Retracement, indicating a level where the price might face selling pressure, but a successful breach could reinforce the bullish momentum.

USD/CHF:

Potential Direction: Bullish
Overall momentum of the chart: Bullish
Factors contributing to the momentum: Price is within a bullish ascending channel

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

Pivot: 0.8692
Supporting reasons: Identified as a pullback support, indicating a level where the price might find buyers, supporting the continuation of the bullish trend within the ascending channel.

1st support: 0.8630
Supporting reasons: Identified as an overlap support, suggesting a significant area where previous declines have found support, providing a strong base for further upward movement.

1st resistance: 0.8795
Supporting reasons: Identified as a pullback resistance, reinforced by the 78.60% Fibonacci Retracement, indicating a level where the price might face selling pressure, but a successful breach could confirm the continuation of the bullish trend.

USD/JPY:

Potential Direction: Bullish
Overall momentum of the chart: Bullish

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

Pivot: 148.54
Supporting reasons: Identified as a pullback support, indicating a level where the price might find buyers, supporting the continuation of the bullish trend.

1st support: 145.54
Supporting reasons: Identified as an overlap support, suggesting a significant area where previous declines have found support, providing a strong base for further upward movement.

1st resistance: 152.06
Supporting reasons: Identified as a pullback resistance, reinforced by the 78.60% Fibonacci Retracement, indicating a level where the price might face selling pressure, but a successful breach could confirm the continuation of the bullish trend.

USD/CAD:

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 fall towards the 1st support.

Pivot: 1.3756
Supporting reasons: Identified as a pullback resistance that aligns with a 23.6% Fibonacci retracement level, indicating a potential area where selling pressures could intensify.

1st support: 1.3699
Supporting reasons: Identified as an overlap support, indicating a potential area where price has recently found support.

1st resistance: 1.3792
Supporting reasons: Identified as a pullback resistance that aligns with a 38.2% Fibonacci retracement level, indicating a potential area that could halt any further upward movement. The presence of a bearish Ichimoku Clouds adds further significance to the strength of this resistance zone.

AUD/USD:

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: 0.6643
Supporting reasons: Identified as an overlap resistance, indicating a potential area where selling pressures could intensify.

1st support: 0.6566
Supporting reasons: Identified as an overlap support that aligns close to a 23.6% Fibonacci retracement level, suggesting a significant area where price has recently found support.

1st resistance: 0.6701
Supporting reasons: Identified as an overlap resistance that aligns with a 78.6% Fibonacci retracement level, indicating a significant area that could halt further upward movement.

NZD/USD

Potential Direction: Bullish
Overall momentum of the chart: Neutral

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

Pivot: 0.5974
Supporting reasons: Identified as an overlap support that aligns close to a 50% Fibonacci retracement level, indicating a potential area where buying interests could pick up to stage a rebound. The presence of a bullish Ichimoku Cloud adds further significance to the strength of this support zone.

1st support: 0.5913
Supporting reasons: Identified as a pullback support, suggesting a potential area where price could find strong support.

1st resistance: 0.6090
Supporting reasons: Identified as a pullback resistance that aligns with a 78.6% Fibonacci retracement level, indicating a significant area that could halt further upward movement.

US30 (DJIA):

Potential Direction: Bullish

Overall Momentum of the Chart: Bullish

Price has made a bullish break through the pivot and could potentially rise towards the 1st resistance.

Pivot: 40,479.99

Supporting reasons: Previously identified as an overlap resistance which now has been broken due to the strong bullish momentum.

1st Support: 39,945.51

Supporting Reasons: Identified as a pullback support, suggesting a potential area where price could find support.

1st Resistance: 41,042.19

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

DE40 (DAX):

Potential Direction: Bullish

Overall Momentum of the Chart: Bullish

Price is trading close to the pivot and could potentially make a bullish break through this level to rise towards the 1st resistance.

Pivot: 18,244.50
Supporting reasons: Identified as a potential breakout level, indicating a scenario where the strong bullish momentum could drive price higher.

1st Support: 17,989.90

Supporting Reasons: Identified as a pullback support, indicating a potential area where price could find support.

1st Resistance: 18,595.70

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

US500 (S&P 500): 

Potential Direction: Bullish

Overall Momentum of the Chart: Bullish

Price is trading close to the pivot and could potentially make a bullish break through this level to rise towards the 1st resistance.

Pivot: 5,561.63
Supporting reasons: Identified as a potential breakout level, indicating a scenario where the strong bullish momentum could drive price higher.

1st support: 5,402.66

Supporting reasons: Identified as a pullback support, suggesting a potential area where price could find support.

1st resistance: 5,669.89

Supporting reasons: Identified as a pullback resistance that aligns close to the all-time high, 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: 61,687.65

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.

1st support: 56,946.95

Supporting reasons: Identified as an overlap support, indicating a significant area where price has recently found support. The presence of a bullish Ichimoku Cloud adds further significance to the strength of this support zone.

1st resistance: 65,515.58

Supporting reasons: Identified as an overlap resistance that aligns with a 78.6% Fibonacci retracement level, indicating a potential barrier that could halt further upward movement.

ETH/USD (Ethereum):

Potential Direction: Bullish

Overall momentum of the chart: Neutral

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

Pivot: 2,523.64

Supporting reasons: Identified as an overlap support that aligns close to a 38.2% Fibonacci retracement level, indicating a potential area where buying interests could pick up to stage a rebound. The presence of a bullish Ichimoku Cloud adds further significance to the strength of this support zone.

1st Support: 2,341.67

Supporting Reasons: Identified as a pullback support that aligns close to a 61.8% Fibonacci retracement level, indicating a potential area where price could find support.

1st Resistance: 2,878.94

Supporting Reasons: Identified as a pullback resistance that aligns with a 61.8% 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: Neutral

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

Pivot: 80.29

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

1st Support: 77.32

Supporting Reasons: Identified as a pullback support that aligns with a 38.2% Fibonacci retracement level, indicating a significant area where price has recently found support. The presence of a bullish Ichimoku Cloud adds further significance to the strength of this support zone.

1st Resistance: 82.10

Supporting Reasons: Identified as a pullback resistance that aligns with a 61.8% Fibonacci projection level, indicating a potential barrier that could halt further upward movement.

XAU/USD (GOLD):

Potential Direction: Bearish
Overall momentum of the chart: Bearish

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

Pivot: 2459.92
Supporting reasons: Identified as pullback resistance, suggesting a potential area where price could face selling pressure and reverse downward.

1st support: 2431.86
Supporting reasons: Identified as pullback support, reinforced by the 50% Fibonacci retracement, indicating a potential area where price might find support on a decline.

1st resistance: 2483.54
Supporting reasons: Identified as swing high resistance, indicating a significant level where price could encounter selling pressure or reverse.

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.