DXY:
The XAU/USD (Gold/US Dollar) chart currently exhibits a bearish overall momentum. However, there’s a potential short-term bullish scenario in which the price could bounce off the 1st support at 1977.14, which is identified as an overlap support. This bounce may lead the price towards the 1st resistance at 1992.30, characterized as a pullback resistance.
After reaching the 1st resistance, there’s a possibility of a reversal to the downside, seeking support. The 2nd support at 1953.53 is also considered significant, as it aligns with an overlap support, reinforcing its potential as a support level. The 2nd resistance at 2007.97 is another significant level, noted as an overlap resistance, where the price may face resistance.
EUR/USD:
The EUR/USD chart currently demonstrates a bullish overall momentum, suggesting the potential for a bullish continuation towards the 1st resistance.
1st support at 1.0526 is considered significant as it aligns with a swing low support level, indicating its potential to act as strong support. Additionally, the 2nd support at 1.0485 is identified as an overlap support, reinforcing the potential support zone.
On the resistance side, the 1st resistance at 1.0645 is characterized as a swing high resistance, implying that it could pose a significant obstacle to any notable upward price movement in the bullish direction. Furthermore, the 2nd resistance at 1.0679 is identified as a swing high resistance and is marked by a 100% Fibonacci Projection, indicating another potential level where the price may face resistance.
GBP/USD:
The GBP/USD chart currently exhibits a bullish overall momentum, suggesting the potential for a bullish continuation towards the 1st resistance.
1st support at 1.2088 is identified as an overlap support level, indicating its significance as potential support for the price. Additionally, the 2nd support at 1.2044 is also considered an overlap support, reinforcing the potential support zone.
On the resistance side, the 1st resistance at 1.2224 is categorized as a pullback resistance, which suggests it could act as a significant level of resistance for any further upward price movement. Furthermore, the 2nd resistance at 1.2291 is identified as a swing high resistance, indicating another potential resistance level where the price may face obstacles.
An intermediate support level at 1.2174 is noted, signifying a pullback support, which could provide additional support for the price in the bullish direction.
USD/JPY:
The USD/JPY chart currently has a bearish overall momentum, suggesting the potential for a bearish continuation towards the 1st support level.
1st support at 149.96 is identified as a pullback support, indicating it could be a significant level where the price might find some buying interest.
The 2nd support at 149.91 is considered an overlap support, further reinforcing its potential as a support level.
On the resistance side, the 1st resistance at 150.77 is identified as a pullback resistance, suggesting it could act as a level where the price may face selling pressure.
The 2nd resistance at 151.70 is categorized as a swing high resistance, indicating another potential level where the price may encounter obstacles in its upward movement.
Intermediate resistance at 150.43 is also noted as a pullback resistance, adding to the potential areas where the price might find resistance.
USD/CAD:
The USD/CAD chart currently demonstrates an overall bearish momentum. There is a potential scenario for price to make a bearish continuation towards the 1st support.
The 1st support level at 1.3786 is identified as an overlap support that aligns close to the 38.20% Fibonacci retracement level. Further below, the 2nd support level at 1.3736 is also marked as an overlap support that aligns close to the 61.80% Fibonacci retracement level, indicating a potential area of price support.
To the upside, the intermediate resistance at 1.3873 is identified as an overlap resistance while the 1st resistance level at 1.3923 is identified as a swing-high resistance that aligns with the 161.80% Fibonacci extension level. Beyond that, the 2nd resistance level at 1.3969 is also marked as a swing-high resistance, further reinforcing the potential for resistance in that region.
AUD/USD:
The AUD/USD chart currently exhibits an overall bullish momentum, suggesting a potential for a bullish continuation towards the 1st resistance.
The 1st resistance level at 0.6439 is identified as a swing-high resistance that aligns with the 127.20% Fibonacci extension level. Higher up, the 2nd resistance level at 0.6493 is also noted as a swing-high resistance that aligns close to the 161.80% Fibonacci extension level.
To the downside, the 1st support level at 0.6392 is identified as an overlap support. Further below, the 2nd support level at 0.6329 is marked as a pullback support, indicating a potential for a strong price support.
NZD/USD:
The NZD/USD chart currently demonstrates an overall bullish momentum, suggesting a potential for a bullish continuation towards the 1st resistance.
The 1st resistance level at 0.5904 is identified as an overlap resistance that aligns with the 127.20% Fibonacci extension level. Beyond this, the 2nd resistance level at 0.5931 is also noted as an overlap resistance that aligns with the 161.80% Fibonacci extension level, acting as a potential barrier to upward price movements.
To the downside, the 1st support level at 0.5866 is identified as an overlap support. Additionally, the 2nd support level at 0.5799 is marked as a pullback, potentially acting as a strong support zone.
