DXY:
The DXY chart currently exhibits a bullish momentum, with a potential short-term drop to the 1st support at 105.83, identified as a pullback support, before potentially rising towards the 1st resistance. The 2nd support level is at 105.40, marked as an overlap support, serving as another potential floor for prices.
On the resistance side, the 1st resistance is at 107.04, a crucial swing high resistance level that aligns with the 78.60% Fibonacci Projection. Beyond this, the 2nd resistance stands at 107.83, another swing high resistance level coinciding with the 100% Fibonacci Projection, marking significant potential barriers to upward price movements
EUR/USD:
The EUR/USD chart is currently experiencing bearish momentum, with expectations of a potential bullish bounce off the 1st support level at 1.0482. This level, identified as a swing low support, is reinforced by the presence of a 127.20% Fibonacci Extension, providing a solid foundation for the price. There is also a 2nd support level at 1.0367, categorized as a pullback support, which further underpins the price.
In terms of resistance, the 1st resistance level is situated at 1.0575 and acts as a pullback resistance that might initially limit upward movements. Further up, the 2nd resistance at 1.0634, also serving as a pullback resistance, represents another potential cap to bullish advancements in the price.
GBP/USD:
The GBP/USD chart currently signals bearish momentum but there’s anticipation for a bullish bounce from the 1st support at 1.2112, heading towards the 1st resistance. The 1st support level, which acts as an overlap support, is a crucial area where the price might find support and start ascending. Furthermore, the 2nd support at 1.2079, associated with the 127.20% Fibonacci Extension, also represents a significant support zone, reinforcing the likelihood of upward price movement from these levels.
On the resistance side, the chart has the 1st resistance at 1.2183, recognized as a pullback resistance, which might limit the price’s upward motion temporarily. Beyond this, the 2nd resistance level is at 1.2279, also a pullback resistance, marking another significant area that could act as a barrier to the price’s further ascent.
USD/JPY:
The USD/JPY chart is presently showing bearish momentum, with a forecasted bearish reaction off the 1st resistance at 149.74, leading to a potential drop to the 1st support at 147.77. The 1st support level is significant, serving as a pullback support where the price might find necessary support. Additionally, the 2nd support at 146.45, identified as an overlap support, offers another potential zone to halt further declines.
On the resistance side, the 1st resistance at 149.74 is crucial, with the convergence of the 161.80% Fibonacci Extension and 100% Fibonacci Projection, indicating a Fibonacci confluence and underlining its importance as a potential resistance zone. Beyond this, the 2nd resistance level at 151.95, recognized as a swing high resistance, further delineates a barrier for potential upward movements.
USD/CAD:
The chart for USD/CAD is currently indicating an overall bullish momentum. In this scenario, there is a potential for a bullish continuation towards the 1st resistance level.
The 1st resistance level at 1.3524 is identified as a pullback resistance that aligns close to the 50.00% Fibonacci retracement level. Additionally, the 2nd resistance level at 1.3569 is marked as a pullback resistance that aligns with the 61.80% Fibonacci retracement level.
To the downside, the 1st support level at 1.3484 is identified as an overlap support that aligns with a confluence of Fibonacci levels i.e. the 50.00% retracement and the 61.80% projection levels. Further below, the 2nd support level at 1.3446 is also noted as a pullback support that aligns with the 78.60% Fibonacci retracement level.
AUD/USD:
The AUD/USD chart is currently displaying an overall bullish momentum, suggesting that price may continue its bullish movement towards the 1st resistance level should price break above the intermediate resistance.
The intermediate resistance level at 0.6364 is identified as a pullback resistance while the 1st resistance level at 0.6385 is also marked as a pullback resistance that aligns with the 38.20% Fibonacci retracement level. Further up, the 2nd resistance level at 0.6427 is identified as an overlap resistance that aligns close to the 78.60% Fibonacci retracement level.
To the downside, the 1st support level at 0.6332 is identified as a swing-low support that aligns with a confluence of Fibonacci levels i.e. the 161.80% extension and the 100.00% projection levels. Additionally, the 2nd support level at 0.6277 is also noted as a multi-swing-low support.
NZD/USD
The NZD/USD chart is currently showing an overall bullish momentum, suggesting that the price may rise towards the 1st resistance level.
The 1st resistance level at 0.5944 is identified as an overlap resistance that aligns with the 50.00% Fibonacci retracement level. Further up, the 2nd resistance level at 0.5984 is marked as a pullback resistance that coincides with the 78.60% Fibonacci retracement level.
To the downside, the 1st support level at 0.5896 is identified as a pullback support while the 2nd support level at 0.5859 is also marked as a pullback support which could potentially act as a major support zone.
