DXY (US Dollar Index):

Potential Direction: Bullish

Overall momentum of the chart: Neutral

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

PIvot: 105.52

Supporting reasons: Acts as an overlap support that aligns with a 38.2% Fibonacci retracement level, indicating a significant level where buying interests have increased recently which could lead to a potential rebound.

1st support: 105.08

Supporting reasons: Identified as an overlap support that aligns close to a 50% Fibonacci retracement level, suggesting a strong level where buyers might intervene to support the price, potentially halting any further downward movement.

1st resistance: 106.29

Supporting reasons: Acts as a pullback resistance, representing a level where selling pressures might increase, potentially acting as a barrier to further upside movement.

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

Read about the automated trading software on Investing.com

EUR/USD:

Instrument: EUR/USD

Potential Direction: Bearish

Overall momentum of the chart: Neutral

Price has made a bearish reaction off the pivot and could potentially drop towards the 1st support.

PIvot: 1.0729

Supporting reasons: Identified as an overlap resistance that aligns close to a 50% Fibonacci retracement level, indicating a significant level where selling pressures might intensify which could potentially lead to a reversal.

1st support: 1.0680

Supporting reasons:Acts as an overlap support that aligns close to a 50% Fibonacci retracement level, suggesting an area where buyers might step in to support the price to potentially provide a foundation for a bounce or temporary halt in the downward movement.

1st resistance: 1.0804

Supporting reasons: Identified as an overlap resistance, representing a level where selling pressures might increase and potentially act as a barrier to further upside movement.

EUR/JPY:

Potential Direction: Bearish

Overall momentum of the chart: Bullish

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

PIvot: 166.98

Supporting reasons: Identified as a pullback resistance that aligns with a confluence of Fibonacci levels i.e. the 100% projection and the 161.8% extension levels, indicating a significant level where selling pressures might intensify which could potentially lead to a reversal.

1st support: 165.18

Supporting reasons: Acts as a pullback support that aligns with a 38.2% Fibonacci retracement level, indicating a level where buyers might intervene to support the price, potentially leading to a bounce or temporary halt in the upward movement.

1st resistance: 169.46

Supporting reasons: Acts as a swing-high resistance, representing a level where selling pressures might intensify and potentially act as a barrier to further upside movement.

EUR/GBP:

Potential Direction: Bullish

Overall momentum of the chart: Bearish

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

Pivot: 0.8566

Supporting reasons: Acts as a pullback support that aligns close to a 61.8% Fibonacci retracement level, indicating a significant level where buyers might step in to support the price, potentially providing a foundation for a bounce.

1st support: 0.8549

Supporting reasons: Identified as an overlap support that aligns with a 78.60% Fibonacci retracement level, suggesting a level where buyers have historically intervened to support the price and potentially halt any further downward movement.

1st resistance: 0.8597

Supporting reasons: Acts as a pullback resistance that aligns with a 38.2% Fibonacci retracement level, representing a level where selling pressure might increase, potentially acting as a barrier to further upside movement.

GBP/USD:

Potential Direction: Bearish

Overall momentum of the chart: Bullish

Price could rise towards the pivot and potentially make a bearish reaction to drop towards the 1st support

PIvot: 1.2574

Supporting reasons: Acts as an overlap resistance that aligns close to a 61.8% Fibonacci retracement level, indicating a significant level where selling pressures might intensify and potentially lead to a reversal in price action.

1st support: 1.2476

Supporting reasons: Identified as an overlap support, representing a level where buyers might step in to support the price, potentially providing a temporary halt in the downward movement.

1st resistance: 1.2696

Supporting reasons: Acts as a pullback resistance, suggesting a level where selling pressures might increase and potentially act as a barrier to further upside movement.

GBP/JPY:

Potential Direction: Bearish

Overall momentum of the chart: Bullish

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

PIvot: 194.86

Supporting reasons: Acts as a swing-high resistance, indicating a significant level where selling pressures might intensify and potentially lead to a reversal in price action.

1st support: 192.85

Supporting reasons: Identified as a pullback support that aligns close to a 50% Fibonacci retracement level, representing a level where buyers might step in to support the price and potentially provide a temporary halt in the downward movement.

1st resistance: 195.41

Supporting reasons: Acts as a swing-high resistance, suggesting a level where selling pressures might increase and potentially act as a barrier to further upside movement.

USD/CHF:

Potential Direction: Neutral

Overall momentum of the chart: Neutral

Price could potentially continue to fluctuate between the 1st resistance and 1st support levels.

1st support: 0.9079

Supporting reasons: Acts as a pullback support that aligns close to  50% Fibonacci retracement level, indicating a level where buyers have stepped in to support the price in recent weeks.

1st resistance: 0.9152

Supporting reasons: Identified as a pullback resistance, representing a level where selling pressures have increased in recent weeks to potentially act as a barrier to further upside movement.

USD/JPY:

Potential Direction: Bullish

Overall momentum of the chart: Bullish

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

Pivot: 155.37

Supporting reasons: Acts as a pullback support, indicating a significant level where buying interests have increased recently.

1st support: 154.77

Supporting reasons: Identified as an overlap support, suggesting a level where buyers might step in to support the price and potentially provide a foundation for a bounce or temporary halt in any downward movement.

1st resistance: 157.14

Supporting reasons: Acts as a resistance that aligns with a 100% Fibonacci projection level, representing a level where selling pressures might increase and potentially act as a barrier to further upside movement.

USD/CAD:

Potential Direction: Bullish

Overall momentum of the chart: Bearish

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

Pivot: 1.3628

Supporting reasons: Acts as a pullback support that aligns close to a 61.8% Fibonacci retracement level, suggesting a significant area where price could find a solid foundation for potential price stabilization or a rebound.

1st support: 1.3562

Supporting reasons: Identified as a pullback support that aligns with a 78.6% Fibonacci retracement level, suggesting an area where price has previously found strong buying interest to potentially halt any further downward movement.

1st resistance: 1.3717

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

AUD/USD:

Potential Direction: Bearish

Overall momentum of the chart: Bullish

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

Pivot: 0.6550

Supporting reasons: Acts an overlap resistance that aligns close to a 61.8% Fibonacci retracement level where price has previously seen strong selling pressures.

1st support: 0.6486

Supporting reasons: Acts as an overlap support, suggesting a significant area where price has previously found strong support and could provide a basis to halt further downward movement.

1st resistance: 0.6632

Supporting reasons: Identified as a pullback resistance, marking a barrier that has previously capped upward movements.

NZD/USD

Potential Direction: Bearish

Overall momentum of the chart: Neutral

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

Pivot: 0.5974

Supporting reasons: Acts an overlap resistance that aligns close to a 50% Fibonacci retracement level where price could potential stall before reversing to drop lower.

1st support: 0.5899

Supporting reasons: Acts as an overlap support, suggesting a potential area where price has previously found strong support and could provide a basis to halt further downward movement.

1st resistance: 0.6007

Supporting reasons: Identified as a pullback resistance, marking a barrier that has previously capped upward movements.

US30 (DJIA):

Potential Direction: Bullish

Overall momentum of the chart: Neutral

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

Pivot: 37,770.13

Supporting reasons: Acts as a pullback that aligns with a 61.8% Fibonacci retracement, suggesting a significant area where buying interests have increased recently.

1st support: 37,348.12

Supporting reasons: Identified as a pullback support, 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: 38,580.82

Supporting reasons: Identified as a pullback resistance that aligns with a confluence of Fibonacci levels i.e. the 50% retracement and the 61.8% projection levels, indicating a potential barrier that could cap any upward movements.

DE40 (DAX):

Potential Direction: Bullish

Overall momentum of the chart: Neutral

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

Pivot: 17,805.20

Supporting reasons: Acts as a pullback that aligns with a 50% Fibonacci retracement, suggesting a significant area where buying interests have increased recently.

1st support: 17,507.10

Supporting reasons: Acts as a swing-low support, 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: 18,240.10

Supporting reasons: Identified as a pullback resistance, potentially functioning as a barrier that could cap any upward movements.

US500 (S&P 500): 

Potential Direction: Bearish

Overall momentum of the chart: Neutral

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

Pivot: 5,100.20

Supporting reasons: Acts as an overlap resistance, suggesting a significant area where price could stall before potentially reversing to drop lower.

1st support: 4,994.50

Supporting reasons: Acts as a pullback support, suggesting a significant area where price has previously found strong buying interest and could provide a solid foundation for a rebound.

1st resistance: 5,167.12

Supporting reasons: Marked by a pullback resistance that aligns with a 78.6% Fibonacci retracement level, which could function as a potential barrier and cap any upward movements.

BTC/USD (Bitcoin):

Potential Direction: Bullish

Overall momentum of the chart: Neutral

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

Pivot: 63,619.63

Supporting reasons: Acts as an overlap support that aligns with a 50% Fibonacci retracement level, suggesting a significant area where buying interests have increased recently.

1st support: 61,163.87

Supporting reasons: Acts as a pullback support, suggesting a significant area where price has previously found support and could provide a strong foundation to halt further downward movements.

1st resistance: 66,857.22

Supporting reasons: Marked by a pullback resistance that aligns close to a 61.85 Fibonacci projection level, 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 off the pivot and could rise towards the 1st resistance

Pivot: 3,106.80

Supporting reasons: Acts as an overlap support that aligns with a 38.2% Fibonacci retracement level, suggesting a significant area where buying interests have increased recently.

1st support: 2,945.02

Supporting reasons: Identified as a pullback support, suggesting a significant area where price has previously found support and could provide a strong foundation to halt further downward movements.

1st resistance: 3,279.74

Supporting reasons: Identified as a pullback resistance that aligns close to a 50% Fibonacci retracement level, marking a significant barrier that could cap further upward movements.

WTI/USD (Oil):

Potential Direction: Bullish

Overall momentum of the chart: Neutral

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

Pivot: 83.02

Supporting reasons: Acts as a pullback support, suggesting a significant area where price has previously found support to provide a strong foundation for a potential rebound.

1st support: 81.86

Supporting reasons: Identified as a pullback support, suggesting a significant area where price has previously found strong buying interest and could provide a solid foundation to halt further downward movements.

1st resistance: 85.42

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.

XAU/USD (GOLD):

Potential Direction: Bearish

Overall momentum of the chart: Neutral

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

Pivot: 2,344.22

Supporting reasons: Acts as an overlap resistance that aligns close to a 38.2% Fibonacci retracement level, suggesting a significant area where price could stall before potentially reversing to drop lower.

1st support: 2,314.56

Supporting reasons: Identified as a pullback support, suggesting a significant area where price has previously found strong buying interest and could provide a solid foundation to halt further downward movements.

1st resistance: 2,361.12

Supporting reasons: Acts as a pullback resistance that aligns close to a  61.80% Fibonacci Retracement, suggesting a level where selling pressure might increase, potentially acting as a barrier to further upward movement.

👉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