DXY:
The chart for DXY (US Dollar Index) currently exhibits a bearish overall momentum. In this context, there’s a potential scenario where the price could encounter a bearish reaction upon reaching the 1st resistance level at 105.68, possibly leading to a decline towards the 1st support level at 104.34.
The 1st support level at 104.34 is identified as an overlap support level, suggesting that it may serve as a critical support zone where buyers could potentially step in to prevent further downward movement.
On the resistance side, the 1st resistance level at 105.68 is characterized as an overlap resistance level. Additionally, it coincides with the 127.20% Fibonacci Extension, making it a significant potential barrier for any bullish attempts.
Furthermore, the 2nd resistance level at 107.83 is marked as another overlap resistance level, further reinforcing its potential importance as a point of resistance.
EUR/USD:
The EUR/USD chart is currently exhibiting a bullish overall momentum. In this context, there is a potential scenario where the price may experience a short-term drop towards the 1st support level at 1.0512 before potentially bouncing from this level and rising towards the 1st resistance at 1.0765.
The 1st support level at 1.0512 holds significance as it is identified as a multi-swing low support. This suggests that it could potentially act as a strong support zone where buying interest may emerge, preventing further downside movement.
Additionally, there is an intermediate support level at 1.0640, which is characterized by the 38.20% Fibonacci Retracement. While this level is not the primary support, it may come into play if the price retraces and provides an additional potential support zone.
On the resistance side, the 1st resistance level at 1.0765 is marked as an overlap resistance. This level could serve as a point of interest for potential bullish movements
GBP/USD:
The GBP/USD chart currently reflects a bearish overall momentum. Given this scenario, there is potential for a bearish continuation with a focus on the 1st support level.
The 1st support level at 1.2089 holds particular significance. It is a critical support level due to the confluence of two technical factors: the 127.20% Fibonacci Extension and the 78.60% Fibonacci Retracement. This convergence suggests that 1.2089 could act as a strong support zone where price may find buying interest.
Additionally, the 2nd support level at 1.1845 is another notable area, characterized as a swing low. It signifies a historical level where price has found support in the past.
On the resistance side, the 1st resistance level at 1.2311 stands out as a significant barrier. This level is marked by pullback resistance, indicating a historical point where price retracements have encountered selling pressure. Furthermore, it coincides with the presence of the 61.80% Fibonacci Retracement, adding to its technical significance as a potential resistance zone.
USD/JPY:
The USD/JPY chart currently reflects a bearish overall momentum. In this bearish scenario, the potential price action suggests a bearish reaction as it approaches the 1st resistance level.
The 1st support level at 145.17 holds significant importance, characterized as an overlap support. This level may play a crucial role in providing support to the price in case of a bearish move.
On the resistance side, the 1st resistance at 148.17 is a notable level to watch. It is marked by the presence of swing high resistance, and it also exhibits a confluence of technical factors, including the 100% Fibonacci Projection and the 61.80% Fibonacci Projection. This suggests that the 148.17 level may act as a strong barrier to further upward price movements.
Additionally, the 2nd resistance level at 151.84 represents another notable resistance point, characterized by swing high resistance.
USD/CAD:
The chart for USD/CAD is currently indicating an overall bearish momentum. In this scenario, there is a potential setup for a bearish reaction off the 1st resistance level and drop towards the 1st support level.
The 1st resistance level at 1.3499 is identified as an overlap resistance that aligns with the 38.20% Fibonacci retracement level. Further up, the 2nd resistance level at 1.3679 is also marked as an overlap resistance level, further indicating its potential significance as a point of resistance.
To the downside, the 1st support level at 1.3365 is identified as an overlap support that coincides with the 50.00% Fibonacci Retracement level, offering a strong level of potential support.
AUD/USD:
The AUD/USD chart is currently displaying an overall neutral momentum, suggesting that price may range-bound or oscillate between the 1st support and the1st resistance levels.
The 1st support level at 0.6357 is identified as a pullback support while the 2nd support level at 0.6204 is noted as a swing-low support, suggesting a potential strong support level in the past.
To the upside, the 1st resistance level at 0.6494 is identified as an overlap resistance that aligns with the 23.60% Fibonacci retracement level. Further up, the 2nd resistance level at 0.6575 is also marked as an overlap resistance that coincides with the 38.20% Fibonacci retracement level.
NZD/USD
The NZD/USD chart is currently showing an overall neutral momentum, suggesting that the price may consolidate or move within the 1st support and the 1st resistance levels.
The 1st support level at 0.5861 is identified as a pullback support, where price found strong support in early September.
To the upside, the 1st resistance level at 0.5997 is identified as an overlap resistance that aligns with the 23.60% Fibonacci retracement level. Further up, the 2nd resistance level at 0.6084 is also marked as an overlap resistance that coincides with the 38.20% Fibonacci retracement level.
