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DXY (US Dollar Index)
Potential Direction: Bearish
Overall Chart Momentum: Bearish
Analysis: The DXY is exhibiting bearish momentum, suggesting a continuation towards the first support level.
- Pivot: 104.47
- Supporting Reasons: This level acts as a pullback resistance at the 38.20% Fibonacci Retracement, indicating a likely area where sellers might enter the market.
- 1st Support: 103.70
- Supporting Reasons: Identified as a multi-swing low support, a significant zone where past declines have stabilized.
- 1st Resistance: 105.16
- Supporting Reasons: Recognized as an overlap resistance, suggesting a potential area for renewed selling pressure after retracement.
EUR/USD
Potential Direction: Bearish
Overall Chart Momentum: Bearish
Analysis: The EUR/USD pair remains under bearish pressure, trading below the Ichimoku cloud.
- Pivot: 1.0876
- Supporting Reasons: This level is a pullback resistance at the 38.20% Fibonacci Retracement, indicating a likely selling zone.
- 1st Support: 1.0816
- Supporting Reasons: Identified as an overlap support at the 50% Fibonacci Retracement, suggesting a critical support area.
- 1st Resistance: 1.0921
- Supporting Reasons: Recognized as a pullback resistance at the 78.60% Fibonacci Retracement, marking a historical point of selling pressure.
EUR/JPY
Potential Direction: Bearish
Overall Chart Momentum: Bearish
Analysis: The EUR/JPY continues to display bearish momentum, trading below the Ichimoku cloud.
- Pivot: 167.35
- Supporting Reasons: Identified as an overlap resistance at the 23.60% Fibonacci Retracement, indicating a potential selling zone.
- 1st Support: 163.99
- Supporting Reasons: Marked as a swing low support, indicating a significant area of historical support.
- 1st Resistance: 169.96
- Supporting Reasons: Recognized as a pullback resistance at the 50% Fibonacci Retracement, suggesting a potential area for selling pressure.
EUR/GBP
Potential Direction: Bullish
Overall Chart Momentum: Bullish
Analysis: EUR/GBP is poised for a potential bullish bounce off the pivot level.
- Pivot: 0.8435
- Supporting Reasons: Identified as a pullback support, suggesting a likely entry point for buyers.
- 1st Support: 0.8499
- Supporting Reasons: Recognized as a pullback support, indicating a significant support area.
- 1st Resistance: 0.8476
- Supporting Reasons: Marked as an overlap resistance at the 78.60% Fibonacci Retracement, indicating a historical point of selling pressure.
GBP/USD
Potential Direction: Bullish
Overall Chart Momentum: Bearish
Analysis: Despite bearish overall momentum, GBP/USD could see a bullish bounce from the pivot.
- Pivot: 1.2854
- Supporting Reasons: This level is a pullback support at the 61.80% Fibonacci Projection, suggesting a buying zone.
- 1st Support: 1.2778
- Supporting Reasons: Identified as an overlap support at the 61.80% Fibonacci Retracement, indicating a significant support area.
- 1st Resistance: 1.2934
- Supporting Reasons: Recognized as an overlap resistance level, indicating a historical point of selling pressure.
GBP/JPY
Potential Direction: Bearish
Overall Chart Momentum: Bearish
Analysis: GBP/JPY remains under bearish pressure, trading below the Ichimoku cloud.
- Pivot: 200.66
- Supporting Reasons: Identified as a pullback resistance at the 38.20% Fibonacci Retracement, suggesting a potential selling zone.
- 1st Support: 196.61
- Supporting Reasons: Marked as an overlap support, indicating a significant support area.
- 1st Resistance: 202.52
- Supporting Reasons: Recognized as a pullback resistance at the 50% Fibonacci Retracement, suggesting a potential area for selling pressure.
USD/CHF
Potential Direction: Bearish
Overall Chart Momentum: Bearish
Analysis: USD/CHF could see a bearish reaction from the pivot level.
- Pivot: 0.8836
- Supporting Reasons: This level acts as a pullback resistance, indicating a potential selling zone.
- 1st Support: 0.8755
- Supporting Reasons: Identified as a pullback support, suggesting a significant support area.
- 1st Resistance: 0.8917
- Supporting Reasons: Recognized as an overlap resistance, indicating a historical selling area.
USD/JPY
Potential Direction: Bearish
Overall Chart Momentum: Bearish
Analysis: USD/JPY continues to trade below the Ichimoku cloud, maintaining bearish momentum.
- Pivot: 154.74
- Supporting Reasons: Identified as a pullback resistance, suggesting a potential selling zone.
- 1st Support: 151.92
- Supporting Reasons: Recognized as an overlap support level, indicating a significant support area.
- 1st Resistance: 155.80
- Supporting Reasons: Marked as a pullback resistance, indicating a historical point of selling pressure.
USD/CAD
Potential Direction: Bearish
Overall Chart Momentum: Bullish
Analysis: USD/CAD may see a bearish reversal from the pivot.
- Pivot: 1.3832
- Supporting Reasons: Identified as a multi-swing-high resistance, indicating a selling zone.
- 1st Support: 1.3779
- Supporting Reasons: Recognized as an overlap support near the 23.6% Fibonacci retracement, suggesting a potential support area.
- 1st Resistance: 1.3888
- Supporting Reasons: Marked as a swing-high resistance, indicating a potential barrier to upward movement.
AUD/USD
Potential Direction: Bearish
Overall Chart Momentum: Bearish
Analysis: AUD/USD could potentially reverse bearish at the pivot level.
- Pivot: 0.6562
- Supporting Reasons: Identified as an overlap resistance, suggesting a selling zone. The bearish Ichimoku cloud adds to the downside momentum.
- 1st Support: 0.6529
- Supporting Reasons: Recognized as a pullback support at the 161.8% Fibonacci extension, suggesting a strong support area.
- 1st Resistance: 0.6585
- Supporting Reasons: Marked as a pullback resistance at the 23.6% Fibonacci retracement, indicating a potential barrier to upward movement.
NZD/USD
Potential Direction: Bullish
Overall Chart Momentum: Bearish
Analysis: NZD/USD may see a bullish bounce near the pivot.
- Pivot: 0.5883
- Supporting Reasons: Identified as a multi-swing-low support, indicating a potential buying zone.
- 1st Support: 0.5779
- Supporting Reasons: Recognized as a pullback support at the 127.2% Fibonacci extension, suggesting a significant support area.
- 1st Resistance: 0.5948
- Supporting Reasons: Marked as a pullback resistance, indicating a potential barrier to upward movement. The bearish Ichimoku cloud adds overhead pressure.
US30 (DJIA)
Potential Direction: Bullish
Overall Chart Momentum: Bearish
Analysis: US30 could experience a bullish rebound off the pivot level.
- Pivot: 39,607.55
- Supporting Reasons: Identified as an overlap support at the 78.6% Fibonacci retracement, suggesting a rebound area.
- 1st Support: 38,980.78
- Supporting Reasons: Recognized as a pullback support, indicating strong support.
- 1st Resistance: 40,467.11
- Supporting Reasons: Marked as a pullback resistance at the 38.2% Fibonacci retracement, indicating a critical resistance zone.
DE40 (DAX)
Potential Direction: Bearish
Overall Chart Momentum: Neutral
Analysis: DE40 may reverse bearish at the pivot.
- Pivot: 18,353.80
- Supporting Reasons: Identified as a pullback resistance at the 50% Fibonacci retracement, suggesting a selling zone. The bearish Ichimoku cloud adds overhead pressure.
- 1st Support: 18,149.30
- Supporting Reasons: Recognized as a multi-swing-low support, indicating strong support.
- 1st Resistance: 18,505.94
- Supporting Reasons: Marked as an overlap resistance at the 78.6% Fibonacci projection, suggesting a potential barrier to upward movement.
US500 (S&P 500)
Potential Direction: Bullish
Overall Chart Momentum: Bearish
Analysis: The S&P 500 is displaying potential for a bullish bounce off the pivot level.
- Pivot: 5,408.81
- Supporting Reasons: This level is identified as a pullback support, indicating a potential area where buying interest could stage a minor rebound.
- 1st Support: 5,339.76
- Supporting Reasons: Recognized as an overlap support, suggesting a strong support area.
- 1st Resistance: 5,503.91
- Supporting Reasons: Identified as an overlap resistance that aligns with a 38.2% Fibonacci retracement level, indicating a critical area that could halt further upward movement. The presence of a bearish Ichimoku cloud adds further significance to overhead pressures.
BTC/USD (Bitcoin)
Potential Direction: Bearish
Overall Chart Momentum: Neutral
Analysis: Bitcoin is rising towards the pivot and could potentially make a bearish reversal to the first support level.
- Pivot: 68,388.29
- Supporting Reasons: This level is identified as a pullback resistance, indicating a potential area where selling pressures could intensify.
- 1st Support: 63,507.86
- Supporting Reasons: Identified as a pullback support close to a 38.2% Fibonacci retracement, indicating a significant area that could halt further downward movement.
- 1st Resistance: 70,168.65
- Supporting Reasons: Recognized as a pullback resistance aligning with a 161.8% Fibonacci extension, indicating a potential barrier to further upward movement.
ETH/USD (Ethereum)
Potential Direction: Bearish
Overall Chart Momentum: Bearish
Analysis: Ethereum is rising towards the pivot and could potentially reverse bearish towards the first support level.
- Pivot: 3,276.36
- Supporting Reasons: Identified as a pullback resistance that aligns with a 38.2% Fibonacci retracement, indicating a potential area where selling pressures could intensify.
- 1st Support: 3,052.53
- Supporting Reasons: Recognized as an overlap support aligning close to a 61.8% Fibonacci retracement, indicating a significant area that could halt further downward movement.
- 1st Resistance: 3,377.15
- Supporting Reasons: Marked as a pullback resistance aligning with a 61.8% Fibonacci retracement, indicating a historical barrier where selling pressures could intensify.
WTI/USD (Oil)
Potential Direction: Bearish
Overall Chart Momentum: Neutral
Analysis: Oil prices are rising towards the pivot and could potentially reverse bearish towards the first support level.
- Pivot: 80.95
- Supporting Reasons: Identified as an overlap resistance aligning close to a 50% Fibonacci retracement, indicating a potential area where selling pressures could intensify. The presence of a bearish Ichimoku cloud adds further significance to overhead pressures.
- 1st Support: 77.53
- Supporting Reasons: Recognized as a pullback support aligning with a 61.8% Fibonacci retracement, indicating a significant area where price could find strong support.
- 1st Resistance: 83.78
- Supporting Reasons: Marked as a multi-swing-high resistance, indicating a potential barrier to further upward movement.
XAU/USD (Gold)
Potential Direction: Bearish
Overall Chart Momentum: Bearish
Analysis: Gold could potentially make a bearish reaction off the pivot and drop towards the first support level.
- Pivot: 2391.29
- Supporting Reasons: This level is identified as a pullback resistance, indicating a potential area where sellers could enter the market after a retracement.
- 1st Support: 2361.72
- Supporting Reasons: Identified as an overlap support specifically at the 161.80% Fibonacci Extension and 78.60% Fibonacci Retracement, suggesting a significant area where previous declines have found support.
- 1st Resistance: 2423.81
- Supporting Reasons: Recognized as an overlap resistance, indicating a historical point where previous rallies have faced selling pressure or reversed.
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