DXY:
The DXY (US Dollar Index) chart currently has a bullish overall momentum, suggesting the potential for a bullish bounce off the 1st support level, with a potential move towards the 1st resistance.
The 1st support at 103.51 is identified as a pullback support and coincides with the 50% Fibonacci Retracement level. This confluence of support factors suggests that there could be a significant level of buying interest or a pause in the bearish movement around this area.
The 2nd support at 102.83 is considered an overlap support, further reinforcing its potential as a support level.
On the resistance side, the 1st resistance at 107.75 is categorized as an overlap resistance. This level may act as a barrier to further upward movement, and traders may expect selling interest in this area.
EUR/USD:
The EUR/USD chart currently has a bearish overall momentum, suggesting the potential for a bearish
The EUR/USD chart currently has a bearish overall momentum, suggesting the potential for a bearish reaction off the 1st resistance level with a potential drop towards the 1st support.
The 1st support at 1.0765 is identified as a pullback support, indicating a level where buyers may step in or where the bearish movement could pause.
On the resistance side, the 1st resistance at 1.0930 is considered a significant level of pullback resistance. This level coincides with the 61.80% Fibonacci Retracement and the 78.60% Fibonacci Projection, indicating a strong area of potential selling interest and Fibonacci confluence.
The 2nd resistance at 1.1048 is categorized as an overlap resistance, suggesting another potential level where the price may encounter selling pressure during its bearish reaction.
GBP/USD:
The GBP/USD chart currently has a bearish overall momentum, suggesting the potential for a bearish reaction off the 1st resistance level with a potential drop towards the 1st support.
The 1st support at 1.2381 is identified as an overlap support, indicating a level where buying interest or a pause in the bearish movement may occur.
On the resistance side, the 1st resistance at 1.2585 is considered a significant level of pullback resistance. This level coincides with the 50% Fibonacci Retracement, making it a relevant area for potential selling interest.
The 2nd resistance at 1.2728 is also noteworthy as it aligns with the 61.80% Fibonacci Retracement level, further reinforcing its potential as a resistance level where the price may encounter selling pressure during its bearish reaction.
USD/JPY:
The USD/JPY chart currently has a bearish overall momentum, suggesting the potential for a bearish continuation towards the 1st support level.
The 1st support at 147.02 is identified as an overlap support and coincides with the 23.60% Fibonacci Retracement level. This level indicates that there could be a significant level of support, and traders may expect the price to find buying interest or experience a pause in the bearish movement around this area.
There is also a waiting for downside confirmation level at 149.26, which is considered a swing low support. Traders may monitor this level for potential confirmation of further downside movement.
On the resistance side, the 1st resistance at 152.93 is categorized as a swing high resistance and coincides with the 100% Fibonacci Projection. This level suggests that there could be selling interest in this area, potentially acting as a barrier to further upward movement.
USD/CAD:
The USD/CAD chart currently exhibits a bearish overall momentum, indicating the potential for a bearish The USD/CAD chart currently exhibits a bullish overall momentum as it is within a bullish ascending channel. This suggests the potential for a bullish bounce off the 1st support level and a continuation towards the 1st resistance.
The 1st support at 1.3655 is considered a swing low support, indicating a level where buyers have previously shown interest in the currency pair. This support level may act as a potential area for a bullish bounce.
The 2nd support at 1.3569 is another swing low support level, further reinforcing the potential for price to find support in this region.
On the resistance side, the 1st resistance at 1.3864 is categorized as an overlap resistance, while the 2nd resistance at 1.3976 is noted as a swing high resistance. These resistance levels may act as barriers to further upward movement, where selling interest could potentially emerge.
AUD/USD:
The AUD/USD chart currently has a bearish overall momentum, suggesting the potential for a bearish reaction off the 1st resistance level and a drop towards the 1st support.
The 1st support at 0.6433 is considered a pullback support, indicating a level where buyers may potentially step in or where a pause in the bearish movement could occur.
The 2nd support at 0.6289 is a multi-swing low support, signifying that it has acted as a relevant support level in the past, making it another area where buyers might show interest.
On the resistance side, the 1st resistance at 0.6597 is categorized as an overlap resistance and also coincides with the 50% Fibonacci Retracement level. This level suggests that there could be selling interest in this area, potentially acting as a barrier to further upward movement.
The 2nd resistance at 0.6791 is noted as an overlap resistance and coincides with the 78.60% Fibonacci Retracement level, indicating another potential level where the price may encounter selling pressure during its bearish continuation.
NZD/USD:
The NZD/USD chart currently has a bearish overall momentum, suggesting the potential for a bearish reaction off the 1st resistance level and a drop towards the 1st support.
The 1st support at 0.5862 is identified as an overlap support, indicating a level where buyers have shown interest in the past, making it a relevant support level. Traders may expect the price to find buying interest or experience a pause in the bearish movement around this area.
On the resistance side, the 1st resistance at 0.6047 is categorized as an overlap resistance, signifying a level where selling interest may be concentrated, potentially acting as a barrier to further upward movement.
