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Thursday 21st August 2025: Technical Outlook and Review

 

DXY (U.S. Dollar Index):

Potential Direction: Bearish

Overall momentum of the chart: Bearish

The price is rising toward the pivot and could make a bearish fall toward the 1st support.    

Pivot: 98.58

Supporting reasons: Identified as an overlap resistance that aligns with the 38.22% Fibonacci retracement, indicating a potential area where selling pressures could intensify.

1st support: 97.78

Supporting reasons: Identified as an overlap support, indicating a potential area where the price could again stabilize.

1st resistance: 99.53
Supporting reasons: Identified as a pullback resistance, indicating a potential area that could halt any further upward movement.

EUR/USD:

Potential Direction: Bearish

Overall momentum of the chart: Bullish

The price could rise toward the pivot and make a bearish reversal off and fall toward the 1st support.  

Pivot: 1.1721

Supporting reasons: Identified as an overlap resistance, indicating a potential area where selling pressures could intensify.

1st support: 1.1626
Supporting reasons: Identified as an overlap support that aligns with the 78.6% Fibonacci retracement, indicating a potential level where the price could stabilize once again.

1st resistance: 1.1788
Supporting reasons: Identified as a swing high resistance, indicating a potential level that could cap further upward movement.

EUR/JPY:

Potential Direction: Bearish

Overall momentum of the chart: Bullish

The price could rise toward the pivot and make a bearish reversal off and fall toward the 1st support.  

Pivot: 172.08

Supporting reasons: Identified as a pullback resistance, indicating a potential area where selling pressures could intensify.

1st support: 170.92
Supporting reasons: Identified as an overlap support that aligns closely with the 78.6% Fibonacci retracement, indicating a potential area where the price could again stabilize.

1st resistance: 173.07
Supporting reasons: Identified as an overlap resistance, indicating a potential level that could cap further upward movement.

EUR/GBP: 

Potential Direction: Bearish
Overall momentum of the chart: Bullish

The price is trading rising toward the pivot and could make a bearish reversal off at this level and fall toward the 1st support.  

Pivot: 0.8648

Supporting reasons: Identified as a pullback resistance that aligns with the 61.8% Fibonacci retracement, indicating a potential area where selling pressures could intensify.

1st support: 0.844
Supporting reasons: Identified as a pullback support, indicating a potential area where the price could stabilize once more.

1st resistance: 0.8744
Supporting reasons: Identified as a swing high resistance, indicating a potential level that could cap further upward movement.

GBP/USD:

Potential Direction: Bearish
Overall momentum of the chart: Bullish

The price could rise toward the pivot and make a bearish reversal off at this level and fall toward the 1st support.  

Pivot: 1.3475

Supporting reasons: Identified as a pullback resistance, indicating a potential area where selling pressures could intensify.

1st support: 1.3369
Supporting reasons: Identified as a pullback support that aligns with the 50% Fibonacci retracement, indicating a potential area where the price could stabilize once more.

1st resistance: 1.3523
Supporting reasons: Identified as an overlap resistance, indicating a potential level that could halt further upward movement.

GBP/JPY:

Potential Direction: Bearish

Overall momentum of the chart: Bullish

The price could rise toward the pivot and make a bearish reversal off at this level and fall toward the 1st support.  

Pivot: 198.73

Supporting reasons: Identified as a pullback resistance, indicating a potential area where selling pressures could intensify.

1st support: 196.96
Supporting reasons: Identified as a pullback support that aligns with the 61.8% Fibonacci retracement, indicating a potential level where the price could stabilize once more.

1st resistance: 200.24
Supporting reasons: Identified as a swing high resistance, indicating a potential level that could halt further upward movement.

USD/CHF:

Potential Direction: Bearish

Overall momentum of the chart: Bullish

The price could rise toward the pivot and make a bearish reversal off at this level and fall toward the 1st support. Additionally, the price is below the Ichimoku Cloud, which adds further significance to the strength of the bearish momentum.      

Pivot: 0.8053

Supporting reasons: Identified as a pullback resistance, indicating a potential area where selling pressures could intensify.

1st support: 0.7971
Supporting reasons: Identified as a pullback support that aligns with the 78.6% Fibonacci retracement, indicating a potential level where the price could stabilize once again.

1st resistance: 0.81181
Supporting reasons: Identified as an overlap resistance, indicating a potential level that could cap further upward movement.

USD/JPY:

Potential Direction: Bearish

Overall momentum of the chart: Bullish

The price could continue to make a bearish fall toward the 1st support.  

Pivot: 147.96

Supporting reasons: Identified as an overlap resistance, indicating a potential area where selling pressures could intensify.

1st support: 145.94
Supporting reasons: Identified as an overlap support that aligns with the 61.8% Fibonacci retracement, indicating a strong area where buyers might return, and the price could stabilize once again.

1st resistance: 148.96
Supporting reasons: Identified as a p[pullback resistance. This level represents the next key area where upward movement could be capped amid increased selling pressure

USD/CAD:

Potential Direction: Bullish                                                                                                                                                                                                            

Overall momentum of the chart: Bearish

The price could fall toward the pivot and could make a bullish bounce off toward the 1st resistance.  Additionally, the price is above the Ichimoku Cloud, which adds further significance to the strength of the bullish momentum.      

Pivot: 1.3815
Supporting reasons: Identified as a pullback support, indicating a potential area where buying interest could pick up.

1st support: 1.3755

Supporting reasons: Identified as an overlap support that aligns with the 38.2% Fibonacci retracement, indicating a key level where the price could stabilize once more.

1st resistance: 1.3876

Supporting reasons: Identified as a swing high resistance that aligns with the 100% Fibonacci projection, making it a possible target for bullish advances and a level where some sellers could return to cap gains

AUD/USD:

Potential Direction: Bearish

Overall momentum of the chart: Bullish

The price could rise toward the pivot and make a bearish reversal off at this level and fall toward the 1st support.  Additionally, the price is below the Ichimoku Cloud, which adds further significance to the strength of the bearish momentum.   

Pivot: 0.6485

Supporting reasons: Identified as a pullback resistance, indicating a potential area where selling pressures could intensify.

1st support: 0.6421

Supporting reasons: Identified as a swing low support, this area has provided strong support historically and may attract buying interest for a potential short-term bounce

1st resistance: 0.6539
Supporting reasons: Identified as a pullback resistance, indicating a potential area that could halt any further upward movement.

NZD/USD

Potential Direction: Bearish

Overall momentum of the chart: Bullish

The price could rise toward the pivot and make a bearish reversal off this level and fall toward the 1st support. Additionally, the price is below the Ichimoku Cloud, which adds further significance to the strength of the bearish momentum.    

Pivot: 0.5881

Supporting reasons: Identified as a pullback resistance, indicating a potential area where selling pressures could intensify.

1st support: 0.5820

Supporting reasons: Identified as a swing low support that aligns with the 127.2% Fibonacci extension, this area has provided strong support historically and may attract buying interest for a potential short-term bounce

1st resistance: 0.5941

Supporting reasons: Identified as an overlap resistance, indicating a potential area that could halt any further upward movement.

US30 (DJIA):

Potential Direction: Bullish

Overall momentum of the chart: Bullish

The price could fall toward the pivot and could make a bullish move toward the 1st resistance.  Additionally, the price is above the Ichimoku Cloud, which adds further significance to the strength of the bullish momentum.    

Pivot: 44.494.92
Supporting reasons: Identified as a pullback support that aligns with the 61.8% Fibonacci retracement, indicating a potential area where buying interest could pick up.

1st support: 43,754.53

Supporting reasons: Identified as a pullback support, suggesting a potential area where the price could stabilize once again.

1st resistance: 45,290.00

Supporting reasons: Identified as a swing high resistance,  indicating a potential area that could halt any further upward movement.

DE40 (DAX):

Potential Direction: Bullish

Overall momentum of the chart: Bullish

The price could fall toward the pivot and could make a bullish move toward the 1st resistance. Additionally, the price is above the Ichimoku Cloud, which adds further significance to the strength of the bullish momentum.     

Pivot: 24,166.99
Supporting reasons: Identified as a pullback support that aligns with the 61.8% Fibonacci retracement, indicating a potential area where buying interest could pick up.

1st support: 23,934.30

Supporting reasons: Identified as an overlap support that aligns with the 50% Fibonacci retracement, indicating a key level where the price could stabilize once more.

1st resistance: 24,534.79

Supporting reasons: Identified as a swing high resistance, indicating a potential area that could halt any further upward movement.

US500 (S&P 500): 

Potential Direction: Bullish

Overall momentum of the chart: Bullish

The price has already bounced off the pivot  and could continue make a bullish rise toward the 1st resistance.    

Pivot: 6,345.47
Supporting reasons: Identified as an overlap support that aligns with the 50% Fibonacci retracement, indicating a potential area where buying interest could pick up.

1st support: 6,287.61

Supporting reasons: Identified as an overlap support that aligns closely with the 78.6% Fibonacci retracement, indicating a potential level where the price could stabilize once again.

1st resistance: 6,436.82

Supporting reasons: Identified as a pullback resistance, indicating a potential area that could halt any further upward movement.

BTC/USD (Bitcoin):

Potential Direction: Bearish

Overall momentum of the chart: Bullish

The price is rising toward the pivot and could make a bearish reversal off and fall toward the 1st support.  Additionally, the price is below the Ichimoku Cloud, which adds further significance to the strength of the bearish momentum.   

Pivot: 115,687.15

Supporting reasons: Identified as an overlap resistance, indicating a potential area where selling pressures could intensify.

1st support: 112,070.33

Supporting reasons: Identified as an overlap support that aligns with the 78.6% Fibonacci projection, indicating a potential level where the price could stabilize once more.

1st resistance: 118,187.01

Supporting reasons: Identified as an overlap resistance, indicating a potential area that could halt any further upward movement.

ETH/USD (Ethereum):

Potential Direction: Bearish

Overall momentum of the chart: Bullish

The price could rise toward the pivot and make a bearish reversal off and fall toward the 1st support. Additionally, the price is below the Ichimoku Cloud, which adds further significance to the strength of the bearish momentum.   

Pivot: 4,391.91

Supporting reasons: Identified as a pullback resistance that aligns with the 50% Fibonacci retracement, indicating a potential area where selling pressures could intensify.

1st support: 3,929.35

Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once more.

1st resistance: 4,771.04
Supporting reasons: Identified as a swing resistance, indicating a potential area that could halt any further upward movement.

WTI/USD (Oil):

Potential Direction: Bearish

Overall momentum of the chart: Bullish

The price could rise toward  the pivot and could make a bearish reversal off and fall toward the 1st support.   

Pivot: 64.07

Supporting reasons: Identified as an overlap resistance that aligns closely with the 23.6% Fibonacci retracement, indicating a potential area where selling pressures could intensify.

1st support: 62.16
Supporting reasons: Identified as a swing low support,  indicating a key level where the price could stabilize once more.

1st resistance: 65.42
Supporting reasons: Identified as an overlap resistance that aligns closely with the 23.6% Fibonacci retracement,  indicating a potential area that could halt any further upward movement.

XAU/USD (GOLD):

Potential Direction: Bearish

Overall momentum of the chart: Bullish

The price is trading near the pivot and could make a bearish reversal off and fall toward the 1st support. 

Pivot: 3,352.39

Supporting reasons: Identified as an overlap resistance, indicating a potential area where selling pressures could intensify.

1st support: 3,314.34
Supporting reasons: Identified as an overlap support that aligns with the 100% Fibonacci projection, indicating a key level where the price could stabilize once more.

1st resistance: 3,375.87
Supporting reasons: Identified as an overlap resistance, indicating a potential area that could halt any further upward movement.

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