Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price could potentially make a bullish bounce off the pivot and rise towards the 1st resistance.
Pivot: 108.54
Supporting reasons: Identified as a pullback support, indicating a potential area where buying interests could pick up to resume the uptrend.
1st support: 107.56
Supporting reasons: Identified as an overlap support, indicating a potential level where price could find support once more.
1st resistance: 109.51
Supporting reasons: Identified as a swing high resistance that aligns with a 61.8% Fibonacci projection, indicating a potential area that could halt any further upward movement.
Potential Direction: Bearish
Overall momentum of the chart: Bearish
Price could potentially make a bearish reversal off the pivot and fall towards the 1st support.
Pivot: 1.0344
Supporting reasons: Identified as a pullback resistance, indicating a potential area where selling pressures could intensify.
1st support: 1.0224
Supporting reasons: Identified as a swing-low support close to a 78.6 Fibonacci projection, indicating a potential level where price could find support once again.
1st resistance: 1.0451
Supporting reasons: Identified as an overlap resistance, indicating a potential area that could halt any further upward movement.
Potential Direction: Bearish
Overall momentum of the chart: Bearish
Price could potentially make a bearish reversal off the pivot and fall towards the 1st support.
Pivot: 162.50
Supporting reasons: Identified as a pullback resistance, indicating a potential area where selling pressures could intensify.
1st support: 160.32
Supporting reasons: Identified as an overlap support close to a 50% Fibonacci retracement, indicating a potential level where price could find support once more.
1st resistance: 164.79
Supporting reasons: Identified as a multi-swing-high resistance, indicating a potential area that could halt any further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Neutral
Price could potentially make a bullish bounce off the pivot to rise towards the 1st resistance.
Pivot: 0.8270
Supporting reasons: Identified as an overlap support, indicating a potential area where buying interests could pick up to stage a minor rebound.
1st support: 0.8250
Supporting reasons: Identified as a pullback support, indicating a potential level where price could find support once again.
1st resistance: 0.8325
Supporting reasons: Identified as a multi-swing-high resistance, indicating a potential area that could halt any further upward movement.
Potential Direction: Bearish
Overall momentum of the chart: Bearish
Price could potentially make a bearish reversal off the pivot and fall towards the 1st support.
Pivot: 1.2486
Supporting reasons: Identified as a pullback resistance, indicating a potential area where selling pressures could intensify.
1st support: 1.2372
Supporting reasons: Identified as a swing low support that aligns with a 100% Fibonacci projection, indicating a potential level where price could stabilize.
1st resistance: 1.2601
Supporting reasons: Identified as a multi-swing-high resistance, indicating a potential area that could halt any further upward movement.
Potential Direction: Bearish
Overall momentum of the chart: Bearish
Price could potentially make a bearish reversal off the pivot and fall towards the 1st support.
Pivot: 195.88
Supporting reasons: Identified as a pullback resistance, indicating a potential area where selling pressures could intensify.
1st support: 193.29
Supporting reasons: Identified as an overlap support that aligns with a 50% Fibonacci retracement, indicating a key level where price could find support once more.
1st resistance: 198.63
Supporting reasons: Identified as a multi-swing-high resistance, indicating a potential area that could halt any further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price could potentially make a bullish bounce off the pivot and rise towards the 1st resistance.
Pivot: 0.9020
Supporting reasons: Identified as an overlap support, indicating a potential area where buying interests could pick up to resume the uptrend.
1st support: 0.8903
Supporting reasons: Identified as an overlap support, indicating a potential level where price could find support once again.
1st resistance: 0.9159
Supporting reasons: Identified as an overlap resistance close to a 78.6% Fibonacci projection, indicating a potential area that could halt any further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price could potentially make a bullish bounce off the pivot and rise towards the 1st resistance.
Pivot: 155.72
Supporting reasons: Identified as an overlap support close to a 23.6% Fibonacci retracement, indicating a potential area where buying interests could pick up to resume the uptrend.
1st support: 154.17
Supporting reasons: Identified as an overlap support that aligns close to a 38.2% Fibonacci retracement, indicating a potential level where price could find support once more.
1st resistance: 158.03
Supporting reasons: Identified as a swing-high resistance, indicating a potential area that could halt any further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Neutral
Price is falling towards the pivot and could potentially make a bullish bounce off this level to rise towards the 1st resistance.
Pivot: 1.4344
Supporting reasons: Identified as a multi-swing-low support that aligns with a 23.6% Fibonacci retracement, indicating a potential level where buying interests could pick up to stage a rebound.
1st support: 1.4239
Supporting reasons: Identified as a pullback support that aligns close to a 38.2% Fibonacci retracement, indicating a key level where price could find support once again.
1st resistance: 1.4449
Supporting reasons: Identified as a multi-swing-high resistance, indicating a potential area that could halt any further upward movement.
Potential Direction: Bearish
Overall momentum of the chart: Bearish
Price could rise towards the pivot and potentially make a bearish reversal off this level to fall towards the 1st support.
Pivot: 0.6228
Supporting reasons: Identified as an overlap resistance, indicating a potential area where selling pressures could intensify. The presence of a red Ichimoku Cloud adds further significance to the strength of the bearish momentum.
1st support: 0.6184
Supporting reasons: Identified as a swing-low support, suggesting a potential area where price could find support once more.
1st resistance: 0.6265
Supporting reasons: Identified as a pullback resistance that aligns close to a 23.6% Fibonacci retracement, indicating a potential area that could halt any further upward movement.
Potential Direction: Bearish
Overall momentum of the chart: Bearish
Price is rising towards the pivot and could potentially make a bearish reversal off this level to fall towards the 1st support.
Pivot: 0.5617
Supporting reasons: Identified as an overlap resistance, indicating a potential area where selling pressures could intensify. The presence of a red Ichimoku Cloud adds further significance to the strength of the bearish momentum.
1st support: 0.5586
Supporting reasons: Identified as a swing-low support, suggesting a potential area where price could find support once again.
1st resistance: 0.5662
Supporting reasons: Identified as a pullback resistance that aligns with a 23.6% Fibonacci retracement, indicating a potential area that could halt any further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Bearish
Price has made a bullish bounce off the pivot and could potentially rise towards the 1st resistance.
Pivot: 42,084.74
Supporting reasons: Identified as a multi-swing-low support, indicating a potential area where buying interests could pick up to stage a rebound.
1st support: 41,766.26
Supporting reasons: Identified as a multi-swing support that aligns close to a 127.2% Fibonacci extension, indicating a potential level where price could find support once again.
1st resistance: 42,991.45
Supporting reasons: Identified as an overlap resistance that aligns close to a 78.6% Fibonacci retracement, indicating a potential area that could halt any further upward movement.
Potential Direction: Bearish
Overall momentum of the chart: Neutral
Price is rising towards the pivot and could potentially make a bearish reversal off this level to fall towards the 1st support.
Pivot: 20,197.50
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: 19,681.50
Supporting reasons: Identified as an overlap support that aligns with a 50% Fibonacci retracement, indicating a key level where price could find support more.
1st resistance: 20,498.00
Supporting reasons: Identified as a swing-high resistance that aligns close to the all-time high, indicating a potential area that could halt any further upward movement.
Potential Direction: Bearish
Overall momentum of the chart: Neutral
Price is rising towards the pivot and could potentially make a bearish reversal off this level to fall towards the 1st support.
Pivot: 5,930.40
Supporting reasons: Identified as an overlap resistance that aligns close to a 50% Fibonacci retracement, indicating a potential area where selling pressures could intensify.
1st support: 5,818.40
Supporting reasons: Identified as a swing-low support, indicating a potential level where price could find support once again.
1st resistance: 6,011.20
Supporting reasons: Identified as an overlap resistance that aligns close to a 78.6% Fibonacci retracement, indicating a potential area that could halt any further upward movement.
Potential Direction: Bearish
Overall momentum of the chart: Bullish
Price is rising towards the pivot and could potentially make a bearish reversal off this level to fall towards the 1st support.
Pivot: 99,328.25
Supporting reasons: Identified as an overlap resistance that aligns close to a 50% Fibonacci retracement, indicating a potential area where selling pressures could intensify.
1st support: 95,225.48
Supporting reasons: Identified as an overlap support, indicating a potential level where price could find support once more.
1st resistance: 102,828.15
Supporting reasons: Identified as an overlap resistance, indicating a potential area that could halt any further upward movement.
Potential Direction: Bearish
Overall momentum of the chart: Neutral
Price is rising towards the pivot and could potentially make a bearish reversal off this level to fall towards the 1st support.
Pivot: 3,528.21
Supporting reasons: Identified as an overlap resistance that aligns close to a 38.2% Fibonacci retracement, indicating a potential area where selling pressures could intensify.
1st support: 3,219.55
Supporting reasons: Identified as an overlap support that aligns close to a 78.6% Fibonacci retracement, indicating a potential level where price could find support once again.
1st resistance: 3,762.79
Supporting reasons: Identified as an overlap resistance that aligns close to a 61.8% Fibonacci retracement, indicating a potential area that could halt any further upward movement.
Potential Direction: Bearish
Overall momentum of the chart: Bullish
Price could rise towards the pivot and potentially make a bearish reversal off this level to pull back towards the 1st support.
Pivot: 74.85
Supporting reasons: Identified as a pullback resistance that aligns with a 127.2% Fibonacci extension, indicating a potential area where selling pressures could intensify.
1st support: 72.85
Supporting reasons: Identified as an overlap support, indicating a key level where price could find support once more.
1st resistance: 76.33
Supporting reasons: Identified as a multi-swing-high resistance, indicating a potential area that could halt any further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price could potentially make a bullish bounce off the pivot and rise towards the 1st resistance.
Pivot: 2636
Supporting reasons: Identified as a pullback support close to a 38.2% Fibonacci retracement, indicating a potential area where buying interests could pick up to resume the uptrend.
1st support: 2585.31
Supporting reasons: Identified as a swing-low support, indicating a potential level where price could find support once again.
1st resistance: 22675.95
Supporting reasons: Identified as a pullback resistance that aligns with a 61.8% Fibonacci retracement, indicating a potential area that could halt any further upward movement.
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The post Friday 3rd January 2025: Technical Outlook and Review first appeared on IC Markets | Official Blog.
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