DXY (US Dollar Index):

Potential Direction: Bullish

Overall momentum of the chart: Bullish

Factors contributing to the momentum include the price being above the bullish Ichimoku cloud, indicating a strong bullish sentiment.

Price could potentially make a bullish continuation toward 1st resistance

Pivot: 104.12

Supporting reasons: Acts as an Overlap support with a 50% Fibonacci Retracement, indicating a key level where buying interest might intensify, suggesting a solid foundation for a potential upward movement within the context of the overall bullish trend.

1st support: 102.64

Supporting reasons: Known as Pullback support, suggesting a significant area where the market has previously found strong buying interest, providing a foundation for potential price stabilization or a minor rebound, reinforcing the bullish momentum.

1st resistance: 105.52

Supporting reasons: Identified as Pullback resistance with a 127.20% Fibonacci Extension, marking a significant barrier that could cap upward movements.

👉Explore AI-powered Automated Trading Today! Register for a free trial now!

Read about the automated trading software on Investing.com

EUR/USD:

Potential Direction: Bearish

Overall momentum of the chart: Bearish

Factors contributing to the momentum include the price being within the bearish Ichimoku cloud, signalling a continuation of the current bearish trend.

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

Pivot: 1.0908

Supporting reasons: Acts as Pullback resistance with a 78.60% Fibonacci Retracement, indicating a key level where selling pressure might intensify, suggesting a potential turning point for the price to continue its downward movement.

1st support: 1.0695

Supporting reasons: Known as Swing low support, suggesting a significant area where the market has previously found strong buying interest, providing a foundation for potential price stabilization or a minor rebound within the context of the bearish movement.

1st resistance: 1.1017

Supporting reasons: Identified as Pullback resistance, marking a significant barrier that could cap upward movements. This underscores the strength of the bearish momentum and its importance as a critical threshold for the bearish trend’s continuation.

EUR/JPY:

Potential Direction: Bullish

Overall momentum of the chart: Bullish

Factors contributing to the momentum include the price being above the bullish Ichimoku cloud, signalling strong upward momentum and a positive outlook for the currency pair.

Price could potentially make a bullish continuation towards 1st resistance

Pivot: 162.79

Supporting reasons: Acts as Pullback support with a 50% Fibonacci Retracement, indicating a key level where buying interest has historically been strong, suggesting a solid foundation for a potential upward movement within the context of the overall bullish trend.

1st support: 160.18

Supporting reasons: Known as an Overlap support, suggesting a significant area where the market has previously found strong buying interest, providing a foundation for potential price stabilization or a minor rebound, reinforcing the bullish momentum.

1st resistance: 167.41

Supporting reasons: Marked by a 161.80% Fibonacci Extension, indicating a significant barrier that could cap upward movements.

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: Acts as an Overlap resistance with a 50% Fibonacci Retracement, indicating a key level where selling pressure might intensify, suggesting a potential turning point for the price to reverse and continue its downward movement within the context of the overall bearish trend.

1st support: 0.8503

Supporting reasons: Known as Multi-swing low support, suggesting a significant area where the market has previously found strong buying interest, providing a foundation for potential price stabilization or a minor rebound, reinforcing the bearish outlook.

1st resistance: 0.8689

Supporting reasons: Identified as Swing high resistance, marking a significant barrier that has capped previous upward movements.

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: 1.2800

Supporting reasons: Acts as an Overlap resistance with a 78.60% Fibonacci Projection, indicating a key level where selling pressure might intensify, suggesting a potential turning point for the price to continue its downward movement within the context of the overall bearish trend.

1st support: 1.2389

Supporting reasons: Known as an Overlap support with a 78.60% Fibonacci Retracement, suggesting a significant area where the market has previously found strong buying interest, providing a foundation for potential price stabilization or a minor rebound, reinforcing the bearish outlook.

1st resistance: 1.2894

Supporting reasons: Identified as Swing high resistance with a 78.60% Fibonacci Retracement, marking a significant barrier that has capped previous upward movements.

GBP/JPY:

Potential Direction: Bullish

Overall momentum of the chart: Bullish

Factors contributing to the momentum include the price being above the bullish Ichimoku cloud, signalling strong upward momentum and a positive outlook for the currency pair.

Price could potentially make a: Bullish bounce off pivot and head towards 1st resistance

Pivot: 191.01

Supporting reasons: Acts as Pullback support, indicating a key level where buying interest might intensify, suggesting a solid foundation for a potential upward movement within the context of the overall bullish trend.

1st support: 188.19

Supporting reasons: Known as an Overlap support with a 38.20% Fibonacci Retracement, suggesting a significant area where the market has previously found strong buying interest, providing a foundation for potential price stabilization or a minor rebound, reinforcing the bullish momentum.

1st resistance: 194.46

Supporting reasons: Marked by a 127.20% Fibonacci Extension and a 78.60% Fibonacci Projection, indicating a significant level of Fibonacci confluence.

USD/CHF:

Potential Direction: Bullish

Overall momentum of the chart: Bullish

Factors contributing to the momentum include the price being above the bullish Ichimoku cloud, signalling strong upward momentum and a positive outlook for the currency pair.

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

Pivot: 0.8999

Supporting reasons: Acts as Multi-swing low support, indicating a key level where buying interest has historically been strong, suggesting a solid foundation for a potential upward movement within the context of the overall bullish trend.

1st support: 0.8870

Supporting reasons: Known as an Overlap support, suggesting a significant area where the market has previously found strong buying interest, providing a foundation for potential price stabilization or a minor rebound, reinforcing the bullish momentum.

1st resistance: 0.9213

Supporting reasons: Identified as Multi-swing high resistance, marking a significant barrier that has capped previous upward movements.

USD/JPY:

Potential Direction: Bullish

Overall momentum of the chart: Bullish

Price could potentially make a bullish breakthrough of pivot and rise to 1st resistance

Pivot: 151.91

Supporting reasons: The pivot level itself acts as a significant point of reference indicating current market sentiment. In this context, its exact role as support or resistance isn’t specified, but the bullish sentiment implies it could serve as a platform for further gains.

1st support: 146.41

Supporting reasons: Identified as Overlap support with a 50% Fibonacci Retracement, suggesting a significant area where the market has previously found strong buying interest, providing a foundation for potential price stabilisation or a minor rebound, reinforcing the bullish momentum.

1st resistance: 155.09

Supporting reasons: Marked by a 127.20% Fibonacci Extension and a 78.60% Fibonacci Projection, indicating a significant level of Fibonacci confluence.

USD/CAD:

Potential Direction: Bearish

Overall momentum of the chart: Neutral

Price has made a bearish reaction close to the 1st resistance and could potentially drop towards the 1st support

1st support: 1.3447

Supporting reasons: Identified as a pullback support that aligns close to a 38.2% Fibonacci retracement level, suggesting a significant area where the market has previously found strong buying interest and could provide a foundation for potential price stabilization.

1st resistance: 1.3629

Supporting reasons: Identified as a pullback resistance that aligns with a 61.8% Fibonacci retracement level, marking a significant barrier that could cap further upward movements.

AUD/USD:

Potential Direction: Bullish

Overall momentum of the chart: Neutral

Price could potentially rise towards the pivot and make a bearish reaction off this level to drop lower toward the 1st support

Pivot: 0.6650

Supporting reasons: Acts as an overlap resistance that aligns with a 50% Fibonacci retracement level, suggesting a potential resistance area for price to reverse from.

1st support: 0.6477

Supporting reasons: Acts as a pullback support that aligns close to a 78.6% Fibonacci retracement level, suggesting a significant area where price has previously found strong support and could provide a basis to halt further downward movement.

1st resistance: 0.6842

Supporting reasons: Identified as a swing-high, marking a significant barrier that has previously capped upward movements.

NZD/USD

Potential Direction: Bullish

Overall momentum of the chart: Bearish

Price could rise towards the pivot and potentially make a bearish reaction off this level to drop lower toward the 1st support

Pivot: 0.6081

Supporting reasons: Acts as an overlap resistance that aligns with a 50% Fibonacci retracement, where selling pressures have picked up recently.

1st support: 0.5940

Supporting reasons: Acts as a pullback support, suggesting a potential area for price stabilization or a minor rebound within the bearish context.

1st resistance: 0.6199

Supporting reasons: Identified as a pullback resistance, marking a significant barrier that could cap further upward movements.

US30 (DJIA):

Potential Direction: Bullish

Overall momentum of the chart: Bullish

Price has made a bullish reaction off the pivot and could potentially continue to rise towards the 1st resistance

Pivot: 38,610.11

Supporting reasons: Acts as a pullback support where price has found strong buying interest in recent weeks.

1st support: 37,787.30

Supporting reasons: Identified as a pullback support that aligns close to a 23.6% Fibonacci retracement level, suggesting a significant area where price has previously found strong buying interest and could provide a solid foundation to halt further downward movement.

1st resistance: 39,911.02

Supporting reasons: Identified as an overlap resistance at the all-time high, indicating a potential barrier that could cap further upward movements.

DE40 (DAX):

Potential Direction: Bearish

Overall momentum of the chart: Bullish

Price could drop toward the pivot and potentially make a bullish reaction off this level to rise towards the 1st resistance

Pivot: 17,918.70

Supporting reasons: Identified as a pullback support, suggesting a potential zone where price could find support and make a bullish bounce.

1st support: 17,043.92

Supporting reasons: Acts as an overlap support that aligns with a 38.2% Fibonacci retracement level, suggesting a significant area where price has previously found strong buying interest and could provide a solid foundation to halt further downward movement.

1st resistance: 18,768.85

Supporting reasons: Identified as a resistance that aligns with a 100% Fibonacci projection level that could potentially function as a significant barrier that could cap further upward movements. Overcoming this level would underscore the strength of the bullish momentum.

US500 (S&P 500): 

Potential Direction: Bearish

Overall momentum of the chart: Bullish

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

Pivot: 5,066.20

Supporting reasons: Acts as a pullback support where buying interest could be strong, suggesting a potential foundation for a price stabilization or a rebound.

1st support: 4,804.10

Supporting reasons: Acts as a pullback support that aligns with a 38.2% Fibonacci retracement level suggesting a significant area where price has previously found strong buying interest, providing a solid foundation to halt further downward movement.

1st resistance: 5,549.91

Supporting reasons: Marked by a resistance that aligns with a confluence of Fibonacci levels i.e. the 78.6% projection and the 161.8% extension levels, which could function as a potential barrier and cap further upward movements.

BTC/USD (Bitcoin):

Potential Direction: Bullish

Overall momentum of the chart: Neutral

Price could potentially rise towards the 1st resistance

1st support: 63,289.43

Supporting reasons: Acts as a pullback support that aligns with a 23.6% Fibonacci retracement level, suggesting a significant area where price has previously found strong buying interest and could provide a solid foundation for potential price stabilization or a rebound in the event of a pullback.

1st resistance: 73,843.75

Supporting reasons: Marked by a pullback resistance at the all-time high, indicating a significant barrier that could cap further upward movements.

ETH/USD (Ethereum):

Potential Direction: Bullish

Overall momentum of the chart: Neutral

Price has made a bullish reaction of the pivot and could potentially rise towards the 1st resistance

Pivot: 3,262.85

Supporting reasons: Acts as a pullback support that aligns close to a 50% Fibonacci retracement level indicating a key level where buying interest has been strong in recent weeks, suggesting a solid foundation for a potential price stabilization or a rebound.

1st support: 2,989.64

Supporting reasons: Identified as a pullback support that aligns close to a 61.8% Fibonacci retracement level suggesting a significant area where price has previously found support, providing a strong foundation for further downward movements.

1st resistance: 4,045.80

Supporting reasons: Identified as a pullback resistance that aligns close to the all-time high, marking a significant barrier that has previously capped further upward movements.

WTI/USD (Oil):

Potential Direction: Bullish

Overall momentum of the chart: Bullish

Price could make a bullish continuation towards the pivot before potentially stalling around this level to reverse and drop lower

Pivot: 90.36

Supporting reasons: Marked by a pullback resistance that aligns close to a 78.6% Fibonacci retracement level, indicating a significant level where selling pressures might intensify.

1st support: 83.22

Supporting reasons: Identified as an overlap support that aligns with a 23.6% Fibonacci retracement level, suggesting a significant area where price has previously found strong buying interest and could provide a solid foundation for potential price stabilization or a rebound.

1st resistance: 94.09

Supporting reasons: Identified as a swing-high resistance, marking a significant barrier that could cap further upward movements.

XAU/USD (GOLD):

Potential Direction: Bearish

Overall momentum of the chart: Bullish

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

Pivot: 2336.72

Supporting reasons: Marked by a 100% Fibonacci Projection, indicating a significant level where selling pressure might intensify, suggesting a potential turning point for the price to reverse and move downwards within the context of the overall bullish trend.

1st support: 2143.85

Supporting reasons: Known as an Overlap support, suggesting a significant area where the market has previously found strong buying interest, providing a foundation for potential price stabilization or a minor rebound, reinforcing the bearish outlook despite the bullish momentum.

1st resistance: 2530.37

Supporting reasons: Also marked by a 100% Fibonacci Projection, indicating a significant barrier that could cap upward movements.

👉Explore AI-powered Automated Trading Today! Register for a free trial now!

Read about the automated trading software on Investing.com

Subscribe To Our Newsletter

Subscribe To Our Newsletter

Join our mailing list to receive daily signals, market analysis with precise entry and exit points and free educational videos.

You have Successfully Registered!

Trustpilot