DXY:
Potential Direction: Bearish
Overall momentum of the chart: Bullish
Price could potentially make a bearish reaction off pivot and drop to 1st support
Pivot: 104.72
Supporting reasons: Acts as an Overlap resistance, indicating a key level where selling pressure might intensify, suggesting a pivotal spot for potential downturns in price movement.
1st support: 103.97
Supporting reasons: Known as an Overlap support, a strong area that could halt further declines, indicating its significance as a foundation for potential price stabilization or a rebound.
1st resistance: 104.97
Supporting reasons: Characterized by Multi-swing high resistance, a major barrier that has previously capped upward movements, highlighting its importance as a critical threshold for the price action.
EUR/USD:
Potential Direction: Bullish
Overall momentum of the chart: Bearish
Price could potentially make a bullish bounce-off pivot and head toward 1st resistance
Pivot: 1.0805
Supporting reasons: Serves as Multi-swing low support, a critical area where buying pressure has historically been strong enough to initiate upward movements, indicating its significance as a launchpad for potential rallies.
1st support: 1.0756
Supporting reasons: Known as Pullback support with a 78.60% Fibonacci Projection, marking a significant level where the market has found support in the past, offering a solid foundation for buyers and potentially halting further declines.
1st resistance: 1.0853
Supporting reasons: Acts as an Overlap resistance, a key level where selling pressure may emerge, suggesting it’s an important threshold for price action, possibly capping upward momentum as traders watch for a reversal or continuation of the trend.
EUR/JPY:
Potential Direction: Bearish
Overall momentum of the chart: Bearish
Factors contributing to the momentum include the price being in a bearish descending channel.
Price could potentially make a bearish continuation towards 1st support
Pivot: 163.42
Supporting reasons: Acts as Pullback resistance, indicating a level where selling pressure has historically increased, suggesting a potential reversal point for price to continue its downward trajectory.
1st support: 162.53
Supporting reasons: Known as Pullback support, represents a significant area where the market has found support previously, offering a basis for potential price stabilization or a minor rebound within the bearish trend.
1st resistance: 164.36
Supporting reasons: Identified as an Overlap resistance, marking a key barrier that has capped previous attempts to move higher, indicating a crucial point for monitoring potential reversals or continuation of the bearish momentum.
EUR/GBP:
Potential Direction: Bearish
Overall momentum of the chart: Bearish
Price could potentially make a bearish reaction off pivot and drop to 1st support
Pivot: 0.8569
Supporting reasons: Acts as Pullback resistance, a level where selling pressure could intensify, indicating a potential spot for the price to reverse and continue its downward movement.
1st support: 0.8552
Supporting reasons: Known as Pullback support, suggesting a significant area where the market has found support previously, offering a foundation for potential stabilization or a minor rebound within the bearish trend.
1st resistance: 0.8585
Supporting reasons: Identified as Multi-swing high resistance, marking a crucial barrier that has capped previous upward movements, highlighting its importance as a critical threshold for monitoring the bearish momentum.
GBP/USD:
Potential Direction: Bearish
Overall momentum of the chart: Bearish
Price could potentially make a bearish reaction off pivot and drop to 1st support
Pivot: 1.2673
Supporting reasons: Acts as an Overlap resistance, aligning with a 38.20% Fibonacci Retracement, marking a significant level where selling pressure might increase, suggesting a pivotal spot for potential downturns in price movement.
1st support: 1.2583
Supporting reasons: Known as Multi-swing low support, indicating a strong area that could halt further declines, highlighting its importance as a foundation for potential price stabilization or a rebound.
1st resistance: 1.2758
Supporting reasons: Serves as Pullback resistance, a key barrier that could limit further advances, marking a crucial point for monitoring potential reversals or continuation of the bearish momentum.
GBP/JPY:
Potential Direction: Bearish
Overall momentum of the chart: Bullish
Price could potentially make a bearish reaction off pivot and drop to 1st support
Pivot: 191.84
Supporting reasons: Acts as Pullback resistance with a 50% Fibonacci Retracement, indicating a significant level where selling pressure might increase, suggesting a potential reversal point for the price to continue its downward movement.
1st support: 190.52
Supporting reasons: Known as Multi-swing low support, suggesting a strong area where the market has previously found support, providing a foundation for potential stabilization or a minor rebound within the bullish trend.
1st resistance: 193.39
Supporting reasons: Identified as Multi-swing high resistance, marking a crucial barrier that has capped previous attempts to move higher.
USD/CHF:
Potential Direction: Bearish
Overall momentum of the chart: Bullish
Price could potentially make a bearish reaction off pivot and drop to 1st support
Pivot: 0.9098
Supporting reasons: Acts as an Overlap resistance, a crucial point where selling pressure might intensify, suggesting a potential turning point for price to head downwards.
1st support: 0.8903
Supporting reasons: Known as Pullback support, indicating a significant area where the market has found support previously, offering a foundation for potential stabilization or a rebound in price.
1st resistance: 0.9221
Supporting reasons: Characterized by Multi-swing high resistance, a major barrier that has previously capped upward movements, highlighting its importance as a critical threshold for the bullish trend to overcome.
USD/JPY:
Potential Direction: Neutral
Overall momentum of the chart: Neutral
Price could potentially fluctuate between the 1st resistance and 1st support level.
1st support: 150.84
Supporting reasons: Acts as an Overlap support, indicating a strong area where buying interest has historically been present, offering a foundation for price stabilization or potential upward movement.
1st resistance: 151.96
Supporting reasons: Marked by a 127.20% Fibonacci Projection, highlighting a significant barrier that could cap upward movements, making it a pivotal point for potential reversals or pauses in price action
USD/CAD:
Potential Direction: Neutral
Overall momentum of the chart: Neutral
Price could potentially fluctuate between the 1st resistance and 1st support level.
1st support: 1.3551
Supporting reasons: Acts as an Overlap support, indicating a strong area where buying interest has historically been present, offering a foundation for price stabilization or potential upward movement. This level suggests a solid base that could prevent further declines.
1st resistance: 1.3613
Supporting reasons: Characterized by Multi-swing high resistance, marking a significant barrier that has capped previous upward movements. This indicates a crucial threshold for traders to watch, as breaking through this level could signal a shift in market sentiment or a continuation of the current neutral trend.
AUD/USD:
Potential Direction: Neutral
Overall momentum of the chart: Neutral
Price could potentially fluctuate between the 1st resistance and 1st support level.
1st support: 0.6514
Supporting reasons: Acts as an Overlap support, indicating a key level where buying interest has historically been strong, providing a foundation for potential price stabilization or a rebound
1st resistance: 0.6550
Supporting reasons: Identified as an Overlap resistance, marking a significant barrier that has capped previous upward movements. This indicates a crucial threshold for traders to watch, as overcoming this level could signal a shift in market sentiment or a continuation of the neutral trend.
NZD/USD
Potential Direction: Neutral
Overall momentum of the chart: Neutral
Price could potentially fluctuate between the 1st resistance and 1st support level.
1st support: 0.5982
Supporting reasons: Acts as Multi-swing low support, indicating a key level where buying interest has historically been present, suggesting a solid foundation for potential price stabilization or a rebound. This level has shown to be a strong area that could prevent further declines.
1st resistance: 0.6028
Supporting reasons: Identified as an Overlap resistance, marking a significant barrier that has capped previous upward movements. This indicates a crucial threshold for traders to monitor, as breaking through this level could signal a shift in market sentiment or the continuation of the current neutral trend.
DJ30:
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price could potentially make a bullish breakthrough of pivot and rise to 1st resistance
Pivot: 39865.96
Supporting reasons: Identified as Multi-swing high resistance, indicating a key level that, if broken, could signify strong buying pressure and a continuation of the bullish trend.
1st support: 39298.12
Supporting reasons: Acts as an Overlap support, suggesting a strong area where buying interest has historically been present, providing a solid foundation for the price to stabilize or rebound if it retreats from higher levels.
1st resistance: 40101.57
Supporting reasons: Marked by a 127.20% Fibonacci Extension and a 61.80% Fibonacci Projection, indicating a significant level of Fibonacci confluence. This confluence acts as a strong technical indicator that the price could target, underscoring its importance for bullish momentum continuation.
GER40:
Potential Direction: Bearish
Overall momentum of the chart: Bullish
Price could potentially make a bearish reaction off pivot and drop to 1st support
Pivot: 18567.67
Supporting reasons: Marked by a 78.60% Fibonacci Projection, indicating a significant level where selling pressure might intensify, suggesting a potential turning point for the price to reverse and move downwards.
1st support: 18037.52
Supporting reasons: Acts as an Overlap support, suggesting a strong area where buying interest has historically been present, providing a solid foundation for price stabilization or a rebound if it retreats from higher levels.
1st resistance: 18837.43
Supporting reasons: Characterized by a 100% Fibonacci Projection, marking a crucial barrier that has previously capped upward movements, indicating a significant threshold for monitoring the bearish momentum against the backdrop of the overall bullish trend.
US500:
Potential Direction: Bearish
Overall momentum of the chart: Bullish
Price could potentially make a bearish reaction off pivot and drop to 1st support
Pivot: 5257.29
Supporting reasons: Acts as Multi-swing high resistance, a critical level that might indicate where selling pressure can increase, suggesting a potential turning point for price to reverse and move downwards within the context of an overall bullish trend.
1st support: 5190.72
Supporting reasons: Known as Pullback support, suggesting a significant area where the market has found support previously, providing a foundation for potential price stabilization or a minor rebound if it retreats from higher levels.
1st resistance: 5300.29
Supporting reasons: Marked by a 161.80% Fibonacci Extension, indicating a crucial barrier that could cap upward movements, highlighting its importance as a critical threshold for bullish attempts to continue the upward momentum.
BTC/USD:
Potential Direction: Neutral
Overall momentum of the chart: Neutral
Price could potentially fluctuate between the 1st resistance and 1st support level.
1st support: 68558.30
Supporting reasons: Acts as an Overlap support, indicating a key level where buying interest has historically been strong, suggesting a solid foundation for potential price stabilization or a rebound if it retreats from higher levels.
1st resistance: 71672.15
Supporting reasons: Identified as Multi-swing high resistance, marking a significant barrier that has capped previous upward movements. This indicates a crucial threshold for traders to watch, as overcoming this level could signal a shift in market sentiment or the continuation of the current neutral trend.
ETH/USD:
Potential Direction: Bearish
Overall momentum of the chart: Bearish
Price could potentially make a bearish continuation towards 1st support
Pivot: 3539.69
Supporting reasons: Acts as an Overlap resistance, a crucial level that might indicate where selling pressure can intensify, suggesting a potential turning point for the price to continue its downward movement.
1st support: 3343.48
Supporting reasons: Known as Pullback support, indicating a significant area where the market has previously found support, providing a foundation for potential price stabilization or a minor rebound within the bearish trend.
1st resistance: 3673.88
Supporting reasons: Identified as an Overlap resistance, marking a significant barrier that could cap upward movements, highlighting its importance as a threshold for monitoring bearish momentum within the context of an overall bearish market.
WTI/USD (Oil):
Potential Direction: Bearish
Overall momentum of the chart: Bullish
Price could potentially make a bearish reaction off pivot and drop to 1st support
Pivot: 82.33
Supporting reasons: Acts as an Overlap resistance, a crucial level that might indicate where selling pressure can intensify, suggesting a potential turning point for the price to reverse and move downwards despite the overall bullish trend.
1st support: 80.91
Supporting reasons: Known as Overlap support with a 38.20% Fibonacci Retracement, indicating a significant area where the market has previously found support, providing a foundation for potential price stabilization or a minor rebound within the bearish move.
1st resistance: 83.54
Supporting reasons: Identified as Swing high resistance, marking a critical barrier that could cap upward movements, highlighting its importance as a threshold for monitoring bearish momentum within the context of an overall bullish market.
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XAU/USD (GOLD):
Potential Direction: Bearish
Overall momentum of the chart: Bullish
Price could potentially make a bearish continuation towards 1st support
Pivot: 2197.00
Supporting reasons: Serves as an Overlap resistance with a 61.80% Fibonacci Projection, indicating a significant level where selling pressure might intensify, suggesting a potential turning point for price to head downwards.
1st support: 2182.82
Supporting reasons: Known as Pullback support, indicating a strong area where the market has previously found support, offering a foundation for potential price stabilization or a minor rebound.
1st resistance: 2204.86
Supporting reasons: Characterized by a 78.60% Fibonacci Projection, marking a key barrier that has previously capped upward movements, highlighting its importance as a critical threshold for the price action.
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