DXY (U.S. Dollar Index):
Potential Direction: Bearish
Overall momentum of the chart: Bearish
The price could make a short-term pullback toward the pivot and may again fall toward the 1st support.
Pivot: 98.21
Supporting reasons: Identified as an overlap resistance that is slightly above the 61.8% Fibonacci retracement, where selling pressures could intensify and potentially cap any upward retracement.
1st support: 96.46
Supporting reasons: Identified as a pullback support, indicating a potential area where the price could stabilize once again.
1st resistance: 99.49
Supporting reasons: Identified as a swing high resistance, indicating a potential area that could halt any further upward movement.

EUR/USD:
Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price is falling toward the pivot before making its bullish move up toward the 1st resistance.
Pivot: 1.1730
Supporting reasons: Identified as an overlap support that aligns with the 61.8% Fibonacci projection and the 127.2% Fibonacci extension, where renewed buying pressure could emerge and push the price higher.
1st support: 1.1624
Supporting reasons: Identified as a pullback support that aligns with the 100% Fibonacci projection, indicating a potential level where the price could stabilize once again.
1st resistance: 1.1833
Supporting reasons: Identified as an overlap resistance, indicating a potential level that could cap further upward movement.

EUR/JPY:
Potential Direction: Bearish
Overall momentum of the chart: Bearish
The price could make a short-term pullback to the pivot before continuing its bearish move down toward the 1st support.
Pivot: 183.05
Supporting reasons: Identified as an overlap resistance that aligns with the 38.2% Fibonacci retracement, where selling pressures could intensify and potentially cap any upward retracement.
1st support: 180.29
Supporting reasons: Identified as a pullback support, indicating a potential area where the price could again stabilize.
1st resistance: 184.68
Supporting reasons: Identified as a pullback resistance, indicating a potential level that could cap further upward movement.

EUR/GBP:
Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price has already bounced off the pivot and may continue its move up toward the 1st resistance.
Pivot: 0.8722
Supporting reasons: Identified as a pullback support, where renewed buying pressure could emerge to push the price higher.
1st support: 0.8672
Supporting reasons: Identified as an overlap support, indicating a potential area where the price could stabilize once more.
1st resistance: 0.8800
Supporting reasons: Identified as a multi-swing high resistance, indicating a potential level that could cap further upward movement.

GBP/USD:
Potential Direction: Bearish
Overall momentum of the chart: Bearish
The price could make a short-term pullback toward the pivot, before continuing its move down to the 1st support.
Pivot: 1.3550
Supporting reasons: Identified as an overlap resistance, where selling pressures could intensify and potentially cap any upward retracement.
1st support: 1.3353
Supporting reasons: Identified as an overlap support that aligns with the 100% Fibonacci projection, indicating a potential area where the price could stabilize once more.
1st resistance: 1.3693
Supporting reasons: Identified as a pullback resistance, indicating a potential level that could halt further upward movement.

GBP/JPY:
Potential Direction: Bearish
Overall momentum of the chart: Bearish
The price could make a short-term pullback toward the pivot and may fall again toward the 1st support.
Pivot: 210.55
Supporting reasons: Identified as a pullback resistance that aligns with the 50% Fibonacci retracement, where the price could stabilize once more.
1st support: 207.15
Supporting reasons: Identified as an overlap support, indicating a strong area where buyers might return, and the price could stabilize once again.
1st resistance: 212.21
Supporting reasons: Identified as a pullback resistance, indicating a potential level that could halt further upward movement.

USD/CHF:
Potential Direction: Bearish
Overall momentum of the chart: Bearish
The price could make a short-term pullback to the pivot before continuing its bearish move to the 1st support.
Pivot: 0.7830
Supporting reasons: Identified as a pullback resistance that aligns with the 50% Fibonacci retracement, where selling pressures could intensify and potentially cap any upward retracement.
1st support: 0.7641
Supporting reasons: Identified as a pullback support, indicating a potential level where the price could again stabilize.
1st resistance: 0.7963
Supporting reasons: Identified as an overlap resistance that aligns with the 78.6% Fibonacci retracement, indicating a potential level that could cap further upward movement.

USD/JPY:
Potential Direction: Bullish
Overall momentum of the chart: Bearish
The price could make a short-term pullback toward the pivot before rising again toward the 1st resistance.
Pivot: 153.94
Supporting reasons: Identified as a pullback support, where renewed buying pressure could emerge to push the price higher.
1st support: 152.12
Supporting reasons: Identified as a swing low support, indicating a strong area where buyers might return, and the price could stabilize once again.
1st resistance: 157.68
Supporting reasons: Identified as an overlap resistance. This level represents the next key area where upward movement could be capped amid increased selling pressure.

USD/CAD:
Potential Direction: Bearish
Overall momentum of the chart: Bearish
The price could see a short-term pullback toward the pivot, where the price may reverse and fall toward the 1st support.
Pivot: 1.3746
Supporting reasons: Identified as an overlap resistance, where selling pressures could intensify and potentially cap any upward retracement.
1st support: 1.3632
Supporting reasons: Identified as an overlap support, indicating a key level where the price could stabilize once more.
1st resistance: 1.3800
Supporting reasons: Identified as an overlap resistance that aligns with the 127.2% Fibonacci extension, making it a possible target for bullish advances and a level where some sellers could return to cap gains.

AUD/USD:
Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price is falling toward the pivot and could again make a bullish move toward the 1st resistance
Pivot: 0.6996
Supporting reasons: Identified as a pullback support that aligns with the 61.8% Fibonacci retracement, where renewed buying pressure could emerge to push the price higher.
1st support: 0.6926
Supporting reasons: Identified as a multi-swing low support, indicating a potential area where the price could stabilize.
1st resistance: 0.7090
Supporting reasons: Identified as a pullback resistance, indicating a potential area that could halt any further upward movement.

NZD/USD
Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price could make a short-term pullback toward the pivot before continuing its bullish move to the 1st resistance.
Pivot: 0.5926
Supporting reasons: Identified as a pullback resistance that is slightly below the 38.2% Fibonacci retracement, renewed buying pressure could emerge to push the price higher.
1st support: 0.5849
Supporting reasons: Identified as a pullback support, this area has provided strong support historically and may attract buying interest for a potential short-term bounce.
1st resistance: 0.6073
Supporting reasons: Identified as a pullback resistance, indicating a potential area that could halt any further upward movement.

US30 (DJIA):
Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price could make a short-term pullback toward the pivot before rising again toward the 1st resistance.
Pivot: 48,837.19
Supporting reasons: Identified as an overlap support, where renewed buying pressure could emerge to push the price higher.
1st support: 48,062.29
Supporting reasons: Identified as a pullback support that aligns with the 127.2% Fibonacci extension, suggesting a potential area where the price could stabilize once again.
1st resistance: 50,500.08
Supporting reasons: Identified as a swing high resistance, indicating a potential area that could halt any further upward movement.

DE40 (DAX):
Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price could see a short-term pullback toward the pivot before rising again toward the 1st resistance.
Pivot: 24,841.66
Supporting reasons: Identified as a pullback support, where renewed buying pressure could emerge to push the price higher.
1st support: 24,281.64
Supporting reasons: Identified as a multi-swing low support, indicating a key level where the price could stabilize once more.
1st resistance: 25,450.57
Supporting reasons: Identified as a swing high resistance, indicating a potential area that could halt any further upward movement.

US500 (S&P 500):
Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price is currently reacting off the pivot and could make a bullish move toward the 1st resistance.
Pivot: 6,865.28
Supporting reasons: Identified as a pullback support, where renewed buying pressure could emerge to push the price higher.
1st support: 6,765.92
Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once again.
1st resistance: 7,007.09
Supporting reasons: Identified as a swing high resistance, indicating a potential area that could halt any further upward movement.

BTC/USD (Bitcoin):
Potential Direction: Bullish
Overall momentum of the chart: Bearish
The price is falling toward the pivot and could make a bullish move toward the 1st resistance.
Pivot: 62,700.37
Supporting reasons: Identified as an overlap support, where renewed buying pressure could emerge to push the price higher.
1st support: 57,821.66
Supporting reasons: Identified as a pullback support, indicating a potential level where the price could stabilize once more.
1st resistance: 71,074.17
Supporting reasons: Identified as a pullback resistance, indicating a potential area that could halt any further upward movement.

ETH/USD (Ethereum):
Potential Direction: Bearish
Overall momentum of the chart: Bearish
The price could make a short-term pullback to the pivot and may continue its bearish move toward the 1st support.
Pivot: 2,184.12
Supporting reasons: Identified as a pullback resistance, where selling pressures could intensify and potentially cap any upward retracement.
1st support: 1,751.68
Supporting reasons: Identified as a swing low support, indicating a potential level where the price could stabilize once more.
1st resistance: 2,382.48
Supporting reasons: Identified as a pullback resistance that aligns with the 50% Fibonacci retracement, indicating a potential area that could halt any further upward movement.

WTI/USD (Oil):
Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price could make a short-term pullback toward the pivot before rising again toward the 1st resistance.
Pivot: 64.14
Supporting reasons: Identified as an overlap support, where renewed buying pressure could emerge to push the price higher.
1st support: 61.68
Supporting reasons: Identified as an overlap support, indicating a key level where the price could stabilize once more.
1st resistance: 68.37
Supporting reasons: Identified as a pullback resistance, indicating a potential area that could halt any further upward movement.

XAU/USD (GOLD):
Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price could make a short-term pullback toward the pivot before continuing its bullish move toward the 1st resistance.
Pivot: 4,774.81
Supporting reasons: Identified as a pullback support, renewed buying pressure could emerge to push the price higher.
1st support: 4,552.09
Supporting reasons: Identified as an overlap support, indicating a key level where the price could stabilize once more.
1st resistance: 5,093.10
Supporting reasons: Identified as a pullback resistance, indicating a potential area that could halt any further upward movement.

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The post Friday 20th February 2026: Technical Outlook and Review first appeared on IC Markets | Official Blog.
