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

Technical Analysis and Market Outlook: June 18th, 2024

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