DXY (US Dollar Index)
Potential Direction: Bullish
Overall Momentum: Bearish
Price Action: Potential bullish bounce off pivot towards 1st resistance
- Pivot: 104.90
- Supporting Reasons: Pullback support aligned with 61.80% Fibonacci Retracement, indicating potential buying interest.
- 1st Support: 104.28
- Supporting Reasons: Overlap support, historically significant area for buyers.
- 1st Resistance: 105.80
- Supporting Reasons: Swing high resistance, potential increase in selling pressure.
EUR/USD
Potential Direction: Bearish
Overall Momentum: Bearish
Price Action: Potential bearish reaction off pivot towards 1st support
- Pivot: 1.0732
- Supporting Reasons: Overlap resistance, significant historical barrier.
- 1st Support: 1.0639
- Supporting Reasons: Overlap support, historical buying interest area.
- 1st Resistance: 1.0796
- Supporting Reasons: Pullback resistance, potential halt for upward movement.
EUR/JPY
Potential Direction: Bullish
Overall Momentum: Bullish
Price Action: Potential bullish bounce off pivot towards 1st resistance
- Pivot: 167.39
- Supporting Reasons: Overlap support, historical buying interest area.
- 1st Support: 165.20
- Supporting Reasons: Pullback support, potential bounce area.
- 1st Resistance: 169.81
- Supporting Reasons: Overlap resistance, potential selling pressure increase.
EUR/GBP
Potential Direction: Bullish
Overall Momentum: Bearish
Price Action: Potential bullish bounce off pivot towards 1st resistance
- Pivot: 0.8420
- Supporting Reasons: Pullback support, potential buying interest.
- 1st Support: 0.8396
- Supporting Reasons: Swing low support, historical buying area.
- 1st Resistance: 0.8495
- Supporting Reasons: Pullback resistance, potential halt for upward movement.
GBP/USD
Potential Direction: Bearish
Overall Momentum: Bearish
Price Action: Potential bearish reaction off pivot towards 1st support
- Pivot: 1.2744
- Supporting Reasons: Pullback support at 50% Fibonacci Retracement is a significant support area.
- 1st Support: 1.2606
- Supporting Reasons: Pullback support, historical buying interest.
- 1st Resistance: 1.2854
- Supporting Reasons: Swing high resistance, potential selling pressure increase.
GBP/JPY
Potential Direction: Bullish
Overall Momentum: Bullish
Price Action: Potential bullish bounce off pivot towards 1st resistance
- Pivot: 197.43
- Supporting Reasons: Overlap support, strong historical support.
- 1st Support: 193.49
- Supporting Reasons: Overlap support, historical buying area.
- 1st Resistance: 201.35
- Supporting Reasons: Swing high resistance, potential selling pressure.
USD/CHF
Potential Direction: Bullish
Overall Momentum: Bearish
Price Action: Potential bullish bounce off pivot towards 1st resistance
- Pivot: 0.8885
- Supporting Reasons: Multi-swing low support, historical buying interest.
- 1st Support: 0.8753
- Supporting Reasons: Overlap support, historical buying area.
- 1st Resistance: 0.8989
- Supporting Reasons: Overlap resistance, potential selling pressure.
USD/JPY
Potential Direction: Bullish
Overall Momentum: Bullish
Price Action: Potential bullish bounce off pivot towards 1st resistance
- Pivot: 156.56
- Supporting Reasons: Overlap support, historical buying interest.
- 1st Support: 154.77
- Supporting Reasons: Overlap support, significant buying area.
- 1st Resistance: 158.32
- Supporting Reasons: Swing high resistance, potential selling pressure.
USD/CAD
Potential Direction: Bearish
Overall Momentum: Bullish
Price Action: Potential bearish reaction off pivot towards 1st support
- Pivot: 1.3780
- Supporting Reasons: Multi-swing high resistance, historical selling pressure.
- 1st Support: 1.3702
- Supporting Reasons: Overlap support, significant buying area.
- 1st Resistance: 1.3844
- Supporting Reasons: Swing high resistance, potential selling pressure.
AUD/USD
Potential Direction: Bearish
Overall Momentum: Bearish
Price Action: Potential bearish reaction off pivot towards 1st support
- Pivot: 0.6637
- Supporting Reasons: Overlap resistance, 61.80% Fibonacci Retracement, strong resistance.
- 1st Support: 0.6559
- Supporting Reasons: Overlap support, significant buying area.
- 1st Resistance: 0.6714
- Supporting Reasons: Swing high resistance, potential selling pressure.
NZD/USD
Potential Direction: Bearish
Overall Momentum: Bearish
Price Action: Potential bearish reaction off pivot towards 1st support
- Pivot: 0.6140
- Supporting Reasons: Pullback support, 38.20% Fibonacci Retracement, historical buying interest.
- 1st Support: 0.6085
- Supporting Reasons: Overlap support, significant buying area.
- 1st Resistance: 0.6206
- Supporting Reasons: Multi-swing high resistance, potential selling pressure.
US30 (DJIA)
Potential Direction: Bearish
Overall Momentum: Bullish
Price Action: Potential bearish reaction off pivot towards 1st support
- Pivot: 39,048.27
- Supporting Reasons: Multi-swing high resistance, historical selling pressure.
- 1st Support: 38,390.41
- Supporting Reasons: Multi-swing low support, historical buying interest.
- 1st Resistance: 39,412.19
- Supporting Reasons: Pullback resistance, potential selling pressure.
DE40 (DAX)
Potential Direction: Bearish
Overall Momentum: Bearish
Price Action: Potential bearish reaction off pivot towards 1st support
- Pivot: 28,231.43
- Supporting Reasons: Pullback resistance, 38.20% Fibonacci Retracement, historical selling pressure.
- 1st Support: 27,903.57
- Supporting Reasons: Overlap support, historical buying area.
- 1st Resistance: 28,505.28
- Supporting Reasons: Pullback resistance, 78.60% Fibonacci Retracement, potential selling pressure.
US500 (S&P 500)
Potential Direction: Bullish
Overall Momentum: Bullish
Price Action: Potential bullish bounce off pivot towards 1st resistance
- Pivot: 5,328.29
- Supporting Reasons: Pullback support, historical buying interest.
- 1st Support: 5,218.41
- Supporting Reasons: Overlap support, significant buying activity.
- 1st Resistance: 5,495.51
- Supporting Reasons: Swing high resistance, potential selling pressure.
BTC/USD (Bitcoin)
Potential Direction: Bullish
Overall Momentum: Bearish
Price Action: Potential bullish bounce off pivot towards 1st resistance
- Pivot: 64,512.65
- Supporting Reasons: Overlap support, historical buying interest.
- 1st Support: 61,467.09
- Supporting Reasons: Overlap support, significant buying activity.
- 1st Resistance: 67,076.37
- Supporting Reasons: Overlap resistance, potential selling pressure.
ETH/USD (Ethereum)
Potential Direction: Bullish
Overall Momentum: Bearish
Price Action: Potential bullish bounce off pivot towards 1st resistance
- Pivot: 3,316.32
- Supporting Reasons: Pullback support, historical buying interest.
- 1st Support: 3,181.07
- Supporting Reasons: Pullback support, 161.80% Fibonacci Extension, strong support.
- 1st Resistance: 3,519.20
- Supporting Reasons: Pullback resistance, potential selling pressure.
WTI/USD (Oil)
Potential Direction: Bullish
Overall Momentum: Bullish
Price Action: Potential bullish bounce off pivot towards 1st resistance
- Pivot: 79.40
- Supporting Reasons: Pullback support, historical buying interest.
- 1st Support: 76.60
- Supporting Reasons: Pullback support, significant buying area.
- 1st Resistance: 83.03
- Supporting Reasons: Overlap resistance, potential selling pressure.
XAU/USD (Gold)
Potential Direction: Bearish
Overall Momentum: Bearish
Price Action: Potential bearish reaction off pivot towards 1st support
- Pivot: 2361.90
- Supporting Reasons: Pullback resistance, historical selling pressure.
- 1st Support: 2316.63
- Supporting Reasons: Overlap support, significant buying area.
- 1st Resistance: 2392.08
- Supporting Reasons: Pullback resistance, potential selling pressure.
Technical Analysis and Market Outlook: June 18th, 2024