DXY (US Dollar Index):
Potential Direction: Bullish
Overall momentum of the chart: Bearish
The price could potentially make a bullish continuation toward the 1st resistance.
Pivot: 97.20
Supporting reasons: Identified as a pullback support, indicating a potential area where buying interest could pick up to resume the uptrend.
1st support: 96.47
Supporting reasons: Identified as a swing low support, indicating a potential area where the price could stabilize once again.
1st resistance: 98.08
Supporting reasons: Identified as an overlap resistance that aligns closely with the 61.8% Fibonacci retracement, indicating a potential level that could cap further upward movement.
EUR/USD:
Potential Direction: Bearish
Overall momentum of the chart: Bullish
The price could potentially make a short-term bearish trend toward the 1st support.
Pivot: 1.1751
Supporting reasons: Identified as a pullback resistance that aligns with the 61.8% Fibonacci retracement, indicating a potential area where selling pressures could intensify.
1st support: 1.1630
Supporting reasons: Identified as a pullback support that aligns with the 50% Fibonacci retracement, indicating a potential area where the price could again stabilize.
1st resistance: 1.1830
Supporting reasons: Identified as a swing high resistance, indicating a potential area that could halt any further upward movement.
EUR/JPY:
Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price could fall toward the pivot and potentially make a bullish rise toward the 1st resistance. Additionally, the price is above the Ichimoku Cloud, which adds further significance to the strength of the bullish momentum.
Pivot: `169.69
Supporting reasons: Identified as a pullback support, indicating a potential area where buying interest could pick up to resume the uptrend.
1st support: 167.54
Supporting reasons: Identified as a pullback support, indicating a potential area where the price could again stabilize.
1st resistance: 171.98
Supporting reasons: Identified as a multi-swing-high resistance and acting as a key area that could halt any further upward movement.
EUR/GBP:
Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price is falling toward the pivot and could potentially make a bullish rise toward the 1st resistance.
Pivot: 0.8569
Supporting reasons: Identified as an overlap support that aligns with the 61.8% Fibonacci retracement, indicating a potential area where buying interest could pick up to resume the uptrend.
1st support: 0.8517
Supporting reasons: Identified as an overlap support, indicating a potential area where the price could stabilize once more.
1st resistance: 0.8652
Supporting reasons: Identified as a swing high resistance, indicating a potential level that could cap further upward movement.
GBP/USD:
Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price could potentially make a short-term bearish trend toward the 1st support.
Pivot: 1.3635
Supporting reasons: Identified as a pullback resistance, indicating a potential area where selling pressures could intensify.
1st support: 1.3503
Supporting reasons: Identified as a pullback support that aligns closely with the 61.8% Fibonacci retracement, indicating a potential area where the price could stabilize once more.
1st resistance: 1.3771
Supporting reasons: Identified as a swing high resistance, indicating a potential level that could cap further upward movement.
GBP/JPY:
Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price could fall toward the pivot and potentially make a bullish rise toward the 1st resistance.
Pivot: 198.08
Supporting reasons: Identified as a pullback support, indicating a potential area where buying interest could pick up to resume the uptrend.
1st support: 195.58
Supporting reasons: Identified as a swing low support, indicating a potential level where the price could stabilize once more.
1st resistance: 200.93
Supporting reasons: Identified as a resistance that aligns with the 161.8% Fibonacci extension, acting as a key area that could halt any further upward movement.
USD/CHF:
Potential Direction: Bearish
Overall momentum of the chart: Bearish
The price is rising toward the pivot and could potentially make a bearish reversal and fall toward the 1st support.
Pivot: 0.8042
Supporting reasons: Identified as a pullback resistance that aligns with the 50% Fibonacci retracement, indicating a potential area where selling pressures could intensify.
1st support: 0.7872
Supporting reasons: Identified as a swing low support, indicating a potential level where the price could stabilize once again.
1st resistance: 0.8159
Supporting reasons: Identified as a pullback resistance, indicating a potential level that could cap further upward movement.
USD/JPY:
Potential Direction: Bullish
Overall momentum of the chart: Bearish
The price could fall toward the pivot and potentially make a bullish rise toward the 1st resistance.
Pivot: 145.06
Supporting reasons: Identified as a pullback support, indicating a potential area where buying interest could pick up to resume the uptrend.
1st support: 142.95
Supporting reasons: Identified as an overlap support, suggesting a potential area where the price could stabilize once more.
1st resistance: 147.72
Supporting reasons: Identified as a pullback resistance that aligns closely with the 61.8% Fibonacci retracement, indicating a potential level that could cap further upward movement.
USD/CAD:
Potential Direction: Bearish
Overall momentum of the chart: Neutral
The price is rising toward the pivot and could potentially make a bearish reversal off this level to fall toward the 1st support. The presence of the red Ichimoku Cloud adds further significance to the strength of the downward momentum.
Pivot: 1.3705
Supporting reasons: Identified as a pullback resistance that aligns with a 61.8% Fibonacci retracement, indicating a potential area where selling pressures could intensify.
1st support: 1.3617
Supporting reasons: Identified as a pullback support, indicating a key level where the price could stabilize once more.
1st resistance: 1.3782
Supporting reasons: Identified as a swing-high resistance, indicating a potential area that could halt any further upward movement.
AUD/USD:
Potential Direction: Bullish
Overall momentum of the chart: Neutral
The price is falling toward the pivot and could potentially make a bullish bounce off this level to rise toward the 1st resistance.
Pivot: 0.6492
Supporting reasons: Identified as an overlap support that aligns closely with a 50% Fibonacci retracement, indicating a potential area where buying interests could pick up to stage a rebound.
1st support: 0.6456
Supporting reasons: Identified as a pullback support that aligns with a 61.8% Fibonacci retracement, suggesting a potential area where the price could stabilize once again.
1st resistance: 0.6528
Supporting reasons: Identified as a pullback resistance that aligns closely with a 38.2% Fibonacci retracement, indicating a potential area that could halt any further upward movement.
NZD/USD
Potential Direction: Bullish
Overall momentum of the chart: Neutral
The price is falling toward the pivot and could potentially make a bullish bounce off this level to rise toward the 1st resistance.
Pivot: 0.5965
Supporting reasons: Identified as a pullback support that aligns closely with a 61.8% Fibonacci retracement, indicating a potential area where buying interests could pick up to stage a rebound.
1st support: 0.5939
Supporting reasons: Identified as a pullback support that aligns closely with a 78.6% Fibonacci retracement, suggesting a potential area where the price could stabilize once more.
1st resistance: 0.6039
Supporting reasons: Identified as an overlap resistance that aligns with a 38.2% Fibonacci retracement, 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 fall toward the pivot and potentially make a bullish bounce off this level to rise toward the 1st resistance. The presence of the green Ichimoku Cloud adds further significance to the strength of the upward momentum.
Pivot: 43,952.00
Supporting reasons: Identified as an overlap support that aligns with a 23.6% Fibonacci retracement, indicating a potential area where buying interests could pick up to resume the uptrend.
1st support: 43,164.87
Supporting reasons: Identified as an overlap support that aligns closely with a 50% Fibonacci retracement, suggesting a potential area where the price could stabilize once again.
1st resistance: 44,969.36
Supporting reasons: Identified as a multi-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 has made a bullish bounce off the pivot and could potentially rise toward the 1st resistance. The presence of the green Ichimoku Cloud adds further significance to the strength of the upward momentum.
Pivot: 23,703.50
Supporting reasons: Identified as an overlap support, indicating a potential area where buying interests could pick up to resume the uptrend.
1st support: 23,427.00
Supporting reasons: Identified as a pullback support that aligns closely with a 61.8% Fibonacci retracement, indicating a key level where the price could stabilize once more.
1st resistance: 24,137.70
Supporting reasons: Identified as an overlap resistance that aligns closely with a 78.6% Fibonacci retracement, 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 could fall toward the pivot and potentially make a bullish bounce off this level to rise toward the 1st resistance. The presence of the green Ichimoku Cloud adds further significance to the strength of the upward momentum.
Pivot: 6,199.00
Supporting reasons: Identified as an overlap support that aligns with a 23.6% Fibonacci retracement, indicating a potential area where buying interests could pick up to resume the uptrend.
1st support: 6,137.70
Supporting reasons: Identified as a pullback support that aligns closely with a 38.2% Fibonacci retracement, indicating a potential level where the price could stabilize once again.
1st resistance: 6,271.70
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: Neutral
The price is falling toward the pivot and could potentially make a bullish bounce off this level to rise toward the 1st resistance. The presence of the green Ichimoku Cloud adds further significance to the strength of the upward momentum.
Pivot: 106,009.96
Supporting reasons: Identified as an overlap support, indicating a potential area where buying interests could pick up to stage a rebound.
1st support: 103,943.66
Supporting reasons: Identified as an overlap support that aligns closely with a 50% Fibonacci retracement, indicating a potential level where the price could stabilize once more.
1st resistance: 109,360.26
Supporting reasons: Identified as a swing-high resistance, indicating a potential area that could halt any further upward movement.
ETH/USD (Ethereum):
Potential Direction: Bullish
Overall momentum of the chart: Neutral
The price could fall toward the pivot and potentially make a bullish bounce off this level to rise toward the 1st resistance. The presence of the green Ichimoku Cloud adds further significance to the strength of the upward momentum.
Pivot: 2,507.93
Supporting reasons: Identified as an overlap support that aligns closely with a 61.8% Fibonacci retracement, indicating a potential area where buying interests could pick up to stage a rebound.
1st support: 2,397.92
Supporting reasons: Identified as a pullback support that aligns closely with a 50% Fibonacci retracement, indicating a potential level where the price could stabilize once again.
1st resistance: 2,624.00
Supporting reasons: Identified as a swing-high resistance, indicating a potential area that could halt any further upward movement
WTI/USD (Oil):
Potential Direction: Bearish
Overall momentum of the chart: Neutral
The price has made a bearish reversal close to the pivot and could potentially fall toward the 1st support. The presence of the red Ichimoku Cloud adds further significance to the strength of the downward momentum.
Pivot: 67.91
Supporting reasons: Identified as a pullback resistance that aligns closely with a 23.6% Fibonacci retracement, indicating a potential area where selling pressures could intensify.
1st support: 63.36
Supporting reasons: Identified as a pullback support that aligns closely with a 78.6% Fibonacci retracement, indicating a key level where the price could stabilize once more.
1st resistance: 70.07
Supporting reasons: Identified as a pullback resistance that aligns closely with a 38.2% Fibonacci retracement, indicating a potential area that could halt any further upward movement.
XAU/USD (GOLD):
Potential Direction: Bearish
Overall momentum of the chart: Bearish
The price could potentially make a bearish continuation toward the 1st support.
Pivot: 3345.93
Supporting reasons: Identified as an overlap resistance, indicating a potential area where selling pressures could intensify.
1st support: 3258.00
Supporting reasons: Identified as an overlap support, indicating a key level where the price could stabilize once more.
1st resistance: 3393.60
Supporting reasons: Identified as an overlap resistance, indicating a potential area that could halt any further upward movement.
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The post Tuesday 8th July 2025: Technical Outlook and Review first appeared on IC Markets | Official Blog.