DXY (US Dollar Index):

Potential Direction: Bearish

Overall momentum of the chart: Bearish

Price could potentially make a short-term rise toward the pivot before reversing and falling toward the 1st support.

Pivot: 107.39
Supporting reasons: Identified as an overlap resistance, indicating a potential area where selling pressure could emerge.

1st support: 106.20
Supporting reasons: Identified as an overlap, indicating as a potential area where price could stabilize before continuing higher.

1st resistance: 108.41
Supporting reasons: Identified as an overlap resistance that aligns with the 61.8% Fibonacci retracement, indicating a potential level that could cap further upward movement.

EUR/USD:

Potential Direction: Bullish

Overall momentum of the chart: Bullish

Price could potentially make a bullish continuation toward the 1st resistance. 

Pivot: 1.0442
Supporting reasons: Identified as an overlap support  that aligns with the 61.8% Fibonacci retracement, indicating a potential level where buyers could step in.

1st support: 1.0345
Supporting reasons: Identified as a pullback support, indicating as a potential area where price could stabilize before continuing higher.

1st resistance: 1.0600
Supporting reasons: Identified as a swing high resistance that aligns with the 78.6% Fibonacci projection and the 161.8% Fibonacci extension, forming a Fibonacci confluence that could act as a key resistance level.

EUR/JPY:

Potential Direction: Bullish
Overall momentum of the chart: Bearish

Price could potentially make a bullish bounce off the pivot and head towards the 1st resistance.

Pivot: 155.94
Supporting reasons: Identified as a multi-swing low support, indicating a potential area where price could rebound.

1st support: 153.99
Supporting reasons: Identified as a support that aligns with the 127.2% Fibonacci extension, indicating as a potential area where price could stabilize before continuing higher.

1st resistance: 158.57
Supporting reasons: Identified as an overlap resistance that aligns with the 50% Fibonacci retracement, indicating a potential level where price could face selling pressure.

EUR/GBP:

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price could potentially make a short-term rise toward the pivot before reversing off it and dropping toward the 1st support.

Pivot: 0.8318
Supporting reasons: Identified as a pullback resistance that aligns with the 50% Fibonacci retracement, indicating a potential area where selling pressure could emerge.

1st support: 0.8263
Supporting reasons: Identified as a multi-swing low support, indicating as a potential area where price could stabilize before continuing higher.

1st resistance: 0.8357
Supporting reasons: Identified as an overlap resistance, indicating a potential level that could cap further upward movement.

GBP/USD:

Potential Direction: Bullish
Overall momentum of the chart: Bullish

Price could potentially drop further to the pivot in the short term before bouncing from there and rising to the 1st resistance.

Pivot: 1.2564
Supporting reasons: Identified as an overlap support, indicating a potential area where buyers could step in.

1st support: 1.2367
Supporting reasons: Identified as an overlap support, acting as a potential level where price could stabilize before continuing higher.

1st resistance: 1.2776
Supporting reasons: Identified as a multi-swing high resistance that aligns with the 100% Fibonacci projection and the 61.8% Fibonacci projection, forming a Fibonacci confluence that could act as a key resistance level.

GBP/JPY:

Potential Direction: Bearish
Overall momentum of the chart: Bullish

Price could potentially make a short-term rise toward the pivot before reversing and falling toward the 1st support.

Pivot: 190.68
Supporting reasons: Identified as an overlap resistance, indicating a potential area where selling pressure could emerge.

1st support: 182.95
Supporting reasons: Identified as an overlap support that aligns with the 50% Fibonacci retracement, indicating a potential level where price could stabilize before continuing higher.

1st resistance: 193.06
Supporting reasons: Identified as a multi-swing high resistance, indicating a potential level where price could face selling pressure.

USD/CHF:

Potential Direction: Bearish
Overall momentum of the chart: Bullish

Price could potentially drop further to the pivot in the short term before bouncing from there and rising to the 1st resistance.

Pivot: 0.9002
Supporting reasons: Identified as an overlap resistance, indicating a potential area where selling pressure could emerge.

1st support: 0.8901
Supporting reasons: Identified as an overlap support that aligns with the 61.8% Fibonacci retracement and the 78.6% Fibonacci projection, forming a strong Fibonacci confluence where price could find support.

1st resistance: 0.9090
Supporting reasons: Identified as a pullback resistance, indicating a potential level where price could face selling pressure.

USD/JPY:

Potential Direction: Bullish
Overall momentum of the chart: Bullish

Price could potentially make a bullish continuation toward the 1st resistance.

Pivot: 149.28
Supporting reasons: Identified as a pullback support that aligns with the 161.8% Fibonacci extension, indicating a strong level where buyers could step in.

1st support: 146.90
Supporting reasons: Identified as a pullback support that aligns with the 100% Fibonacci projection, suggesting a potential area where price could stabilize before resuming its upward movement.

1st resistance: 151.19
Supporting reasons: Identified as a pullback resistance, indicating a potential level where price could face selling pressure.

USD/CAD:

Potential Direction: Bearish

Overall momentum of the chart: Bearish

Price is trading close to the pivot and could potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 1.4261

Supporting reasons: Identified as a pullback resistance that aligns with a 50% Fibonacci retracement, indicating a potential area where selling pressures could intensify. The presence of the red Ichimoku Cloud adds further significance to the strength of the bearish momentum.

1st support: 1.4156
Supporting reasons: Identified as a swing-low support, indicating a key level where the price could stabilize once more.

1st resistance: 1.4359
Supporting reasons: Identified as a multi-swing-high resistance, indicating a potential area that could halt any further upward movement.

AUD/USD:

Potential Direction: Bullish
Overall momentum of the chart: Bullish

Price could fall towards the pivot and potentially make a bullish bounce off this level to rise towards the 1st resistance.

Pivot: 0.6323

Supporting reasons: Identified as an overlap support that aligns close to a 23.6% Fibonacci retracement, indicating a potential area where buying interests could pick up to resume the uptrend. The presence of the green Ichimoku Cloud adds further significance to the strength of the bullish momentum.

1st support: 0.6260

Supporting reasons: Identified as a swing-low support that aligns close to a 50% Fibonacci retracement, suggesting a potential area where the price could stabilize once again.

1st resistance: 0.6402
Supporting reasons: Identified as a swing-high resistance, indicating a potential area that could halt any further upward movement.

NZD/USD

Potential Direction: Bullish
Overall momentum of the chart: Bullish

Price has made a bullish reversal off the pivot and could potentially rise towards the 1st resistance.

Pivot: 0.5724

Supporting reasons: Identified as a pullback support, indicating a potential area where buying interests could pick up to resume the uptrend. The presence of the green Ichimoku Cloud adds further significance to the strength of the bullish momentum.

1st support: 0.5693

Supporting reasons: Identified as an overlap support that aligns close to a 50% Fibonacci retracement, suggesting a potential area where the price could stabilize once more.

1st resistance: 0.5761

Supporting reasons: Identified as a swing-high resistance, indicating a potential area that could halt any further upward movement.

US30 (DJIA):

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: 43,840.73

Supporting reasons: Identified as a pullback resistance that aligns close to a 23.6% Fibonacci retracement, indicating a potential area where selling pressures could intensify. The presence of the red Ichimoku Cloud adds further significance to the strength of the bearish momentum.

1st support: 43,352.42

Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once again.

1st resistance: 44,395.00

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.

DE40 (DAX):

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: 22,867.00

Supporting reasons: Identified as a swing-high resistance that aligns close to the all-time high, indicating a potential area where selling pressures could intensify.

1st support: 22,163.30

Supporting reasons: Identified as a swing-low support that aligns with a 23.6% Fibonacci retracement, indicating a key level where the price could stabilize once more.

1st resistance: 23,446.41
Supporting reasons: Identified as a resistance that aligns with a 161.8% Fibonacci extension, indicating a potential area that could halt any further upward movement.

US500 (S&P 500): 

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: 6,053.00

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: 5,985.10

Supporting reasons: Identified as a multi-swing-low support, indicating a potential level where the price could stabilize once again.

1st resistance: 6,099.90

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.

BTC/USD (Bitcoin):

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: 94,196.75

Supporting reasons: Identified as a pullback resistance that aligns with a 38.2% Fibonacci retracement, indicating a potential area where selling pressures could intensify.

1st support: 90,845.73
Supporting reasons: Identified as a multis-wing-low support, indicating a potential level where the price could stabilize once more.

1st resistance: 96,652.60
Supporting reasons: Identified as a swing-high resistance that aligns close to a 61.8 Fibonacci retracement, indicating a potential area that could halt any further upward movement.

ETH/USD (Ethereum):

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price has made a bearish break through the pivot and could potentially fall towards the 1st support.

Pivot: 2,622.94

Supporting reasons: Previously identified as a multi-swing-low support where the bearish momentum has caused the price to drop lower.

1st support: 2,360.08
Supporting reasons: Identified as a swing-low support that aligns close to a 61.8% Fibonacci retracement, indicating a potential level where the price could stabilize once again.

1st resistance: 2,855.60
Supporting reasons: Identified as a multi-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: Bearish

Price could rise towards the pivot and potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 71.85

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: 70.11
Supporting reasons: Identified as a multi-swing-low support, indicating a key level where the price could stabilize once more.

1st resistance: 72.91
Supporting reasons: Identified as a multi-swing-high resistance, indicating a potential area that could halt any further upward movement.

XAU/USD (GOLD):

Potential Direction: Bearish
Overall momentum of the chart: Bullish
Price could potentially make a bearish reversal off the pivot and fall toward the 1st support.

Pivot: 2953.33
Supporting reasons: Identified as a multi-swing high resistance that aligns with the 161.8% Fibonacci extension, indicating a potential area where selling pressure could emerge.

1st support: 2882.38
Supporting reasons: Identified as an overlap support, acting as a potential level where price could stabilize before continuing higher.

1st resistance: 2979.66
Supporting reasons: Identified as a resistance that aligns with the 161.8% Fibonacci extension, indicating a potential level where price could face selling pressure.

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The post Tuesday 25th February 2025: Technical Outlook and Review first appeared on IC Markets | Official Blog.