DXY:
The DXY chart is currently showing a bullish overall momentum, suggesting an upward trend in the price movement. This bullish sentiment is reinforced by the fact that the price is within a bullish ascending channel, indicating a potential continuation of the upward trajectory.
The 1st support level at 102.87 is identified as an overlap support, indicating that historical price action has found support around this level. It serves as a foundation for potential upward movements.
The 2nd support level at 101.92 is also marked as an overlap support and aligns with the 50% Fibonacci Retracement level. This confluence of support factors adds to its significance, potentially strengthening its role as a support zone.
On the resistance side, the 1st resistance level at 104.65 is noted as a swing high resistance, suggesting that historical price action has faced resistance at this level in the past. Traders often pay close attention to these levels for potential reversal or continuation patterns.
The 2nd resistance level at 105.91 is also identified as a swing high resistance, further confirming its potential significance as a barrier for upward price movement.
Additionally, an intermediate support level at 103.61 is recognized as a pullback support, indicating a level where the price could potentially find support during a pullback.
EUR/USD:
The EUR/USD chart is currently demonstrating a bullish overall momentum, implying an upward trend in price movement. This bullish sentiment is bolstered by the fact that the price is positioned above a major ascending trend line, indicating the potential for further bullish momentum ahead.
In the short term, there’s potential for the price to drop further before initiating a rebound. The 1st support level at 1.0693 is identified as a pullback support, and it aligns with the 127.20% Fibonacci Extension. This confluence of support factors increases its importance as a potential support zone.
The 2nd support level at 1.0517 is noted as a multi-swing low support, indicating that historical price action has found support around this level. This further solidifies its role as a potential area of support.
In the event of a bounce from the support, the price could rise towards the 1st resistance level at 1.0933. This level is marked as an overlap resistance, suggesting that historical price action has faced resistance in this region before.
Additionally, an intermediate support level at 1.0767 is recognized as a swing low support, and it aligns with the 78.60% Fibonacci Retracement level. This level could potentially provide support during pullbacks.
GBP/USD:
The GBP/USD chart is currently exhibiting a bullish overall momentum, indicating an upward trend in price movement. There’s potential for the price to experience a bullish bounce off the 1st support level and subsequently move towards the 1st resistance level.
Before considering potential bullish movement, it’s advised to wait for downside confirmation at 1.2554. This level is identified as an overlap support, indicating that historical price action has found support around this area. Waiting for confirmation can help ensure a stronger foundation for potential price movements.
The 1st support level at 1.2309 is significant as it’s a swing low support. This suggests that historical price action has previously encountered support at this level, potentially serving as a key reference point for future movements.
Should the price exhibit a bullish rebound, the 1st resistance level at 1.2787 becomes relevant. This level is marked as an overlap resistance, implying that historical price action has faced resistance in this region before.
Additionally, an intermediate resistance at 1.2629 is identified as a pullback resistance. This level could play a role in temporarily halting a bullish movement before further potential advancement.
USD/JPY:
The USD/JPY chart is currently demonstrating a bullish overall momentum, indicating an upward trend in the price movement. There is potential for the price to continue its bullish trajectory and possibly reach the 1st resistance level.
The 1st support level at 144.74 is recognized as an overlap support, highlighting historical price action finding support around this region. This level establishes a foundation for potential upward movements.
Similarly, the 2nd support level at 141.63 is also considered an overlap support, suggesting that previous price action has seen support in this area as well.
Looking towards potential resistance levels, the 1st resistance at 147.96 holds significance due to its alignment with the 100% and 61.80% Fibonacci projections. This confluence of Fibonacci levels adds to the importance of this resistance level, making it a point of interest for potential price reactions.
USD/CAD:
The USD/CAD chart is currently displaying an overall neutral momentum, indicating a lack of a clear trend direction. In this scenario, there’s a possibility that price could fluctuate within the boundaries as defined by the 1st resistance and the 1st support levels.
The 1st support at 1.3341 is identified as an overlap support while the 1st resistance level at 1.3837 is marked as a multi-swing high resistance.
The intermediate support level at 1.3515 is identified as an overlap support and is also marked as a downside confirmation level, indicating that if price breaks under this level, there is potential for further downside movement towards the 1st support.
The intermediate resistance level at 1.3672 is identified as an overlap resistance and is also marked as an upside confirmation level, indicating that if price breaks above this level, there is potential for further upward movement towards the 1st resistance.
AUD/USD:
The AUD/USD chart is currently exhibiting an overall neutral momentum, suggesting a lack of a distinct trend direction. Given this scenario, there’s a potential scenario where the price might fluctuate between the 1st resistance and the 1st support levels.
The intermediate support at 0.6390 is noted as pullback support that coincides with the 78.60% Fibonacci retracement level and is also marked as a downside confirmation level, indicating that if price breaks under this level, there is potential for further downside movement towards the 1st support.
The 1st support level at 0.6177 is identified as an overlap support that aligns with the 161.80% Fibonacci extension level, adding to its potential significance as a support zone.
To the upside, the 1st resistance at 0.6499 is identified as an overlap resistance, implying that historical price action has encountered resistance around this level before.
NZD/USD
The NZD/USD chart currently presents an overall neutral momentum, suggesting a lack of clear trend direction. In this scenario, there’s a possibility that the price might fluctuate within a range between the 1st resistance and the 1st support levels.
The intermediate support at 0.5898 is identified as pullback support that aligns with the 61.8% Fibonacci retracement level and is also marked as a downside confirmation level, indicating that if price breaks under this level, there is potential for further downside movement towards the 1st support.
The 1st support level at 0.5748 is identified as an overlap support that aligns with the 78.6% Fibonacci retracement level. To the upside, the 1st resistance level at 0.5994 is noted as an overlap resistance, suggesting that historical price action has encountered resistance around this level before.
