DXY: The DXY (US Dollar Index) chart currently shows bullish momentum, suggesting a possible continuation towards the 1st resistance level. The 1st support level at 105.63 is significant due to its overlap support and 23.60% Fibonacci Retracement level. This support level could act as a floor for price movements. The 2nd support level at 104.38 is also important as it aligns with overlap support and the 38.20% Fibonacci Retracement level, making it a strong potential support area. On the resistance side, the 1st resistance at 107.31 is a swing high resistance, indicating a potential point of resistance or consolidation. The 2nd resistance at 107.92 is an overlap resistance that could present a strong barrier to further bullish movements.
EUR/USD: The EUR/USD chart currently displays bearish momentum in a descending channel. This suggests a potential continuation towards the 1st support level. The 1st support level at 1.0443 is significant as it aligns with overlap support and the 127.20% Fibonacci Extension level. This level may act as a strong support zone for bearish price movements. The 2nd support level at 1.0239 is also notable as a swing low support, coinciding with the 161.80% Fibonacci Retracement level, strengthening its significance as a potential support area. On the resistance side, the 1st resistance at 1.0641 is an overlap resistance near the 23.60% Fibonacci Retracement level. This resistance may impede bullish advances, leading to a potential reversal or consolidation. The 2nd resistance at 1.0762 is another overlap resistance near the 38.20% Fibonacci Retracement level, making it an important level to watch for potential reversal or price reaction.
EUR/JPY: The instrument being analyzed is EUR/JPY, and the chart currently shows bullish momentum. It is possible that the price could bounce off the 1st support level at 156.91 and move towards the 1st resistance level at 158.45. The 1st support at 156.91 is significant as it acts as overlap support and corresponds to a 38.20% Fibonacci Retracement level, providing potential support. Additionally, the 2nd support level at 155.49 is valuable as a multi-swing low support, aligning with a 78.60% Fibonacci Retracement level, enhancing its significance. On the resistance side, the 1st resistance at 158.45 represents a multi-swing high resistance, indicating a potential area of resistance. The 2nd resistance at 159.32 is also significant as a pullback resistance, coinciding with a 127.20% Fibonacci Extension level, adding to its importance in the analysis.
EUR/GBP: The instrument being analyzed is EUR/GBP, and the chart currently shows bearish momentum. It is possible that the price could rise towards the 1st resistance level before reversing and dropping towards the 1st support level. The 1st support level at 0.8630 is significant as it acts as overlap support and corresponds to a 38.20% Fibonacci Retracement level, providing potential support. Additionally, the 2nd support level at 0.8576 is valuable as overlap support, aligning with a 61.80% Fibonacci Retracement level, further enhancing its significance. On the resistance side, the 1st resistance at 0.8671 represents overlap resistance, potentially acting as a barrier to further price increases. The 2nd resistance at 0.8721 is also significant as overlap resistance, coinciding with a 50% Fibonacci Retracement level, adding to its importance in the chart analysis.
GBP/USD: The GBP/USD chart currently shows bearish momentum, with the price below a major descending trend line, suggesting a potential bearish continuation scenario. The 1st support level at 1.2064 is significant as it aligns with a swing low support and coincides with the 127.20% Fibonacci Extension level. This level may act as a strong support zone for bearish price movements. The 2nd support level at 1.1841 is also noteworthy as a multi-swing low support, reinforcing its importance as a potential support area. On the resistance side, the 1st resistance at 1.2297 is overlap resistance near the 23.60% Fibonacci Retracement level. This resistance level may hinder bullish advances, potentially leading to a reversal or consolidation. The 2nd resistance at 1.2589 is a swing high resistance near the 50% Fibonacci Retracement level, making it a key level to watch for potential reversal or price reaction.
GBP/JPY: The instrument being analyzed is GBP/JPY, and the chart currently shows bearish momentum. It is possible that the price could continue bearish towards the 1st support level at 179.87. The 1st support at 179.87 is significant as a swing low support and aligns with a 61.80% Fibonacci Retracement level, providing potential support. Additionally, the 2nd support level at 178.00 acts as a multi-swing low support, aligning with a 78.60% Fibonacci Retracement level, further enhancing its significance. On the resistance side, the 1st resistance level at 183.19 represents overlap resistance, coinciding with a 61.80% Fibonacci Retracement level, possibly acting as a barrier to further price increases. The 2nd resistance level at 186.47 is significant as a multi-swing high resistance in the chart analysis, potentially hindering the price from moving higher.
USD/CHF: The USD/CHF chart currently shows bullish momentum as the price crossed above the Ichimoku cloud and follows an ascending trend line acting as support. Given the bullish momentum, the price could potentially fluctuate between the 1st resistance and support levels. The 1st support level at 0.8827 is significant as it aligns with overlap support and the 61.80% Fibonacci Retracement level, potentially acting as a strong support zone. Waiting for downside confirmation at the level of 0.8989, which is also identified as overlap support, reinforces its potential importance as a support area. On the resistance side, the 1st resistance at 0.9228 represents multi-swing high resistance that could act as a barrier to further bullish advances. Waiting for upside confirmation at the level of 0.9089, identified as overlap resistance.
USD/JPY: The USD/JPY chart currently shows bullish momentum as the price is within a bullish ascending channel. Given this bullish momentum, the price could potentially continue its upward movement towards the 1st resistance. The 1st support level at 144.93 is significant as it aligns with pullback support and the 38.20% Fibonacci Retracement level, potentially acting as a strong support zone. Waiting for downside confirmation at the level of 148.02, identified as overlap support, further reinforces its potential importance as a support area. On the resistance side, the 1st resistance at 151.90 is a swing high resistance that could act as a barrier to further bullish advances. Additionally, the intermediate resistance at the same level, 151.90, is significant as it aligns with swing high resistance and the 161.80% Fibonacci Extension level, indicating a potential key resistance zone.
USD/CAD: The USD/CAD chart currently shows bullish momentum as the price is within a bullish ascending channel. In light of this bullish momentum, it is possible that the price could experience a bullish continuation towards the 1st
