Technical Analysis Table for Key Assets
| Asset | Direction | Pivot | 1st Support | 1st Resistance | Technical Indicators |
|---|---|---|---|---|---|
| DXY | Bearish | 107.21 | 106.48 | 107.89 | RSI, MACD, Fib Levels |
| EUR/USD | Bullish | 1.0503 | 1.0462 | 1.0615 | Moving Averages, RSI |
| EUR/JPY | Bearish | 164.92 | 163.31 | 165.96 | MACD, Fib Retracements |
| EUR/GBP | Neutral | - | 0.8269 | 0.8347 | Bollinger Bands, RSI |
| GBP/USD | Bearish | 1.2719 | 1.2613 | 1.2817 | Trendlines, MACD |
| GBP/JPY | Bearish | 199.58 | 196.73 | 202.51 | Stochastics, RSI |
| USD/CHF | Bearish | 0.8919 | 0.8762 | 0.9039 | MACD, Bollinger Bands |
| USD/JPY | Bearish | 157.71 | 154.66 | 161.84 | RSI, Fib Levels |
| USD/CAD | Bullish | 1.4000 | 1.3959 | 1.4145 | Trendlines, MACD |
Investing Strategy 382173
| Asset | Direction | Pivot | 1st Support | 1st Resistance | Technical Indicators |
|---|---|---|---|---|---|
| AUD/USD | Bearish | 0.6488 | 0.6438 | 0.6542 | RSI, MACD, Fib Levels |
| NZD/USD | Bearish | 0.5868 | 0.5780 | 0.5936 | Moving Averages, RSI |
| US30 | Bullish | 43,331.19 | 42,747.66 | 43,879.76 | MACD, Fib Retracements |
| DE40 | Bearish | 19,278.40 | 19,098.90 | 19,512.15 | Bollinger Bands, RSI |
| US500 | Bullish | 5,871.63 | 5,802.90 | 5,963.30 | Trendlines, MACD |
| BTC/USD | Bullish | 86,719.44 | 80,166.28 | 92,927.49 | Stochastics, RSI |
| ETH/USD | Bullish | 3,065.22 | 2,853.86 | 3,316.04 | MACD, Bollinger Bands |
| WTI/USD | Bullish | 67.66 | 66.02 | 70.39 | RSI, Fib Levels |
| XAU/USD | Bearish | 2,588.80 | 2,529.88 | 2,649.48 | Trendlines, MACD |
------------------------------------------------------------------
Source: https://www.investing.com/studios/article-382173
------------------------------------------------------------------
https://www.investing.com/studios/article-382173
DXY (US Dollar Index)
- Potential Direction: Bearish
- Pivot: 107.21
- Supporting Reasons: The pivot serves as a swing-high resistance, indicating an area where selling pressure may intensify.
- 1st Support: 106.48
- Supporting Reasons: An overlap support aligning closely with the 23.6% Fibonacci retracement, marking a potential support area if the index declines.
- 1st Resistance: 107.89
- Supporting Reasons: Swing-high resistance, likely capping any immediate upside momentum.
Additional Technical Indicators:
- RSI: The index's RSI is approaching overbought levels, suggesting a possible reversal.
- MACD: Currently bearish, with momentum signaling a potential downward move.
- Fibonacci Levels: Resistance aligns with critical retracement zones, reinforcing the bearish outlook.
Upcoming Economic Events Impact:
- 15:30 USD Retail Sales (MoM) (Oct): A decline in retail sales could weaken the dollar, supporting the bearish outlook on the DXY.
EUR/USD
- Potential Direction: Bullish
- Pivot: 1.0503
- Supporting Reasons: Swing-low support aligning with the 100% Fibonacci projection, indicating a zone for renewed buying interest.
- 1st Support: 1.0462
- Supporting Reasons: Multi-swing low support, potentially acting as a strong floor if prices dip.
- 1st Resistance: 1.0615
- Supporting Reasons: Pullback resistance aligned with the 23.6% Fibonacci retracement, likely to cap gains temporarily.
Additional Technical Indicators:
- Moving Averages: 50-day MA crossing above the 200-day MA, signaling a potential reversal to the upside.
- RSI: Rising towards bullish territory, suggesting strengthening momentum.
- Bollinger Bands: Price is close to the lower band, indicating a potential reversal.
Upcoming Economic Events Impact:
- 09:45 EUR Consumer Price Index (YoY) (Oct): A strong CPI could bolster the euro, aligning with the bullish EUR/USD outlook.
EUR/JPY
- Potential Direction: Bearish
- Pivot: 164.92
- Supporting Reasons: Overlap resistance aligned with a 50% Fibonacci retracement, signaling potential selling pressure.
- 1st Support: 163.31
- Supporting Reasons: Overlap support near the 38.2% Fibonacci level, providing a solid floor if the price drops.
- 1st Resistance: 165.96
- Supporting Reasons: Pullback resistance close to the 78.6% Fibonacci retracement, likely capping any further upward movement.
Additional Technical Indicators:
- MACD: Bearish crossover hints at further downside potential.
- Fibonacci Retracement: Key retracement levels align with support and resistance.
- Stochastic Oscillator: Indicates overbought territory, suggesting a bearish reversal.
Upcoming Economic Events Impact:
- 10:00 EUR Wholesale Price Index (MoM): Weak wholesale price data could further pressure EUR/JPY, supporting the bearish outlook.
GBP/USD
- Potential Direction: Bearish
- Pivot: 1.2719
- Supporting Reasons: Overlap resistance close to the 23.6% Fibonacci retracement, suggesting a potential reversal.
- 1st Support: 1.2613
- Supporting Reasons: Swing-low support that could offer a foundation if the price falls.
- 1st Resistance: 1.2817
- Supporting Reasons: Overlap resistance near the 50% Fibonacci retracement, potentially capping further upward movement.
Additional Technical Indicators:
- Trendlines: Major trendline resistance highlights downward pressure.
- MACD: Bearish divergence signals a possible continuation of the downtrend.
- RSI: Bearish territory, indicating limited upside.
Upcoming Economic Events Impact:
- 26' GBP Gross Domestic Product (QoQ) (Q3): A weaker-than-expected GDP reading could put further pressure on GBP/USD, supporting the bearish outlook.
USD/JPY
- Potential Direction: Bearish
- Pivot: 157.71
- Supporting Reasons: Overlap resistance aligned with the 78.6% Fibonacci retracement, suggesting intensified selling pressure.
- 1st Support: 154.66
- Supporting Reasons: Overlap support providing a base for potential price stabilization.
- 1st Resistance: 161.84
- Supporting Reasons: Swing-high resistance likely to cap further gains.
Additional Technical Indicators:
- RSI: Overbought levels suggest a possible reversal.
- Fibonacci Levels: Align with both support and resistance, strengthening the analysis.
- MACD: Negative divergence indicates further bearish momentum.
Upcoming Economic Events Impact:
- 15:30 USD Retail Sales (MoM) (Oct): Weak sales figures could support a bearish outlook for USD/JPY.
USD/CAD
- Potential Direction: Bullish
- Pivot: 1.4000
- Supporting Reasons: Pullback support near the 38.2% Fibonacci retracement, suggesting potential upward momentum.
- 1st Support: 1.3959
- Supporting Reasons: 50% Fibonacci retracement level, providing an additional layer of support.
- 1st Resistance: 1.4145
- Supporting Reasons: Resistance aligned with the 61.8% Fibonacci projection, potentially limiting gains.
Additional Technical Indicators:
- MACD: Positive crossover indicates bullish momentum.
- Moving Averages: 20-day MA above 50-day MA supports an upward trend.
- RSI: Bullish zone, with levels around 60 signaling a continued uptrend.
Upcoming Economic Events Impact:
- 15:30 CAD Wholesale Sales (MoM) (Sep): Positive results could support CAD, while weak sales figures may boost USD/CAD.
AUD/USD
- Potential Direction: Bearish
- Pivot: 0.6488
- Supporting Reasons: This pivot serves as an overlap resistance, indicating potential selling pressure and a reversal opportunity.
- 1st Support: 0.6438
- Supporting Reasons: Identified as a swing-low support, potentially stabilizing the price if it falls.
- 1st Resistance: 0.6542
- Supporting Reasons: Pullback resistance that aligns with the 38.2% Fibonacci retracement, likely to halt further gains.
Additional Technical Indicators:
- RSI: The RSI is nearing oversold levels, supporting a potential bearish reversal.
- MACD: Currently bearish, indicating downward momentum.
- Fibonacci Levels: Resistance levels are reinforced by key retracement points.
Upcoming Economic Events Impact:
- 15:30 USD Retail Sales (MoM): Positive sales data may support USD, reinforcing a bearish view on AUD/USD.
NZD/USD
- Potential Direction: Bearish
- Pivot: 0.5868
- Supporting Reasons: Positioned as a pullback resistance, likely to invite selling pressure.
- 1st Support: 0.5780
- Supporting Reasons: Swing-low support provides a potential support area for price stabilization.
- 1st Resistance: 0.5936
- Supporting Reasons: Aligned with the 50% Fibonacci retracement, this level may limit any upward movement.
Additional Technical Indicators:
- Moving Averages: A 50-day MA crossover below the 20-day MA indicates sustained bearish momentum.
- RSI: Approaching oversold, suggesting limited upside potential.
- MACD: Bearish crossover, signaling further downside.
Upcoming Economic Events Impact:
- 15:30 USD Import Price Index (MoM): Higher import prices could favor the USD, supporting a bearish outlook for NZD/USD.
US30 (DJIA)
- Potential Direction: Bullish
- Pivot: 43,331.19
- Supporting Reasons: The pivot aligns closely with the 38.2% Fibonacci retracement, potentially attracting buyers.
- 1st Support: 42,747.66
- Supporting Reasons: Positioned at the 61.8% Fibonacci retracement, offering a strong floor for price support.
- 1st Resistance: 43,879.76
- Supporting Reasons: An overlap resistance that could cap gains temporarily.
Additional Technical Indicators:
- MACD: Positive divergence suggests potential bullish momentum.
- Fibonacci Levels: Multiple levels aligning with support and resistance.
- RSI: Neutral zone, providing flexibility for price movement.
Upcoming Economic Events Impact:
- Fed Speech: Any indication of economic support could bolster the outlook for the US30.
DE40 (DAX)
- Potential Direction: Bearish
- Pivot: 19,278.40
- Supporting Reasons: Resistance aligns with the 61.8% Fibonacci retracement, suggesting potential selling pressure.
- 1st Support: 19,098.90
- Supporting Reasons: Pullback support near the 38.2% Fibonacci retracement level, likely to act as a key support.
- 1st Resistance: 19,512.15
- Supporting Reasons: Multi-swing high resistance could limit further upward movement.
Additional Technical Indicators:
- MACD: Bearish crossover indicates downside potential.
- Bollinger Bands: Price near the upper band suggests a reversal.
- Stochastic Oscillator: Overbought levels support a bearish outlook.
Upcoming Economic Events Impact:
- 09:45 EUR Consumer Price Index (YoY): Lower-than-expected CPI data could weigh on the DAX, reinforcing a bearish outlook.
US500 (S&P 500)
- Potential Direction: Bullish
- Pivot: 5,871.63
- Supporting Reasons: Pullback support near the 50% Fibonacci retracement, indicating a potential rebound area.
- 1st Support: 5,802.90
- Supporting Reasons: 61.8% Fibonacci retracement support, likely to provide stability.
- 1st Resistance: 5,963.30
- Supporting Reasons: Pullback resistance, possibly limiting further gains.
Additional Technical Indicators:
- Trendlines: Upward trendline provides support for further gains.
- MACD: Positive crossover favors bullish momentum.
- Bollinger Bands: Price nearing lower band indicates potential for reversal.
Upcoming Economic Events Impact:
- 15:30 USD Retail Sales (MoM): Positive retail data may support the US500 outlook.
BTC/USD (Bitcoin)
- Potential Direction: Bullish
- Pivot: 86,719.44
- Supporting Reasons: Pullback support near the 23.6% Fibonacci retracement, indicating a favorable level for buyers.
- 1st Support: 80,166.28
- Supporting Reasons: Positioned around the 50% Fibonacci level, reinforcing support.
- 1st Resistance: 92,927.49
- Supporting Reasons: Swing-high resistance near the 161.8% Fibonacci extension, likely to cap gains.
Additional Technical Indicators:
- MACD: Positive divergence supports a bullish outlook.
- RSI: Bullish territory, strengthening the outlook.
- Fibonacci Levels: Multiple retracement levels align with support and resistance zones.
Upcoming Economic Events Impact:
- Fed Speech: Hawkish tones could impact BTC, making it a risk-sensitive asset.
ETH/USD (Ethereum)
- Potential Direction: Bullish
- Pivot: 3,065.22
- Supporting Reasons: Overlap support near the 38.2% Fibonacci retracement, attracting buying interest.
- 1st Support: 2,853.86
- Supporting Reasons: Aligned with the 50% Fibonacci retracement, adding support.
- 1st Resistance: 3,316.04
- Supporting Reasons: 61.8% Fibonacci resistance, potentially limiting gains.
Additional Technical Indicators:
- RSI: Rising towards bullish territory.
- MACD: Positive crossover, supporting potential gains.
- Bollinger Bands: Price close to the lower band indicates possible reversal.
Upcoming Economic Events Impact:
- Fed Chair Speech: Any market sentiment shifts could impact Ethereum.
WTI/USD (Oil)
- Potential Direction: Bullish
- Pivot: 67.66
- Supporting Reasons: Multi-swing-low support, reinforcing potential for a rebound.
- 1st Support: 66.02
- Supporting Reasons: Swing-low support, providing a firm base for stabilization.
- 1st Resistance: 70.39
- Supporting Reasons: 50% Fibonacci resistance, likely capping further gains.
Additional Technical Indicators:
- MACD: Bullish crossover indicates upward momentum.
- RSI: Neutral zone, allowing flexibility for price action.
- Bollinger Bands: Near the lower band, supporting reversal potential.
Upcoming Economic Events Impact:
- EIA Oil Inventory Report: Increased inventory may dampen bullish outlook, while a draw could support it.
XAU/USD (Gold)
- Potential Direction: Bearish
- Pivot: 2,588.80
- Supporting Reasons: Overlap resistance near the 23.6% Fibonacci level, suggesting selling pressure.
- 1st Support: 2,529.88
- Supporting Reasons: Pullback support near critical levels, providing a floor for the price.
- 1st Resistance: 2,649.48
- Supporting Reasons: Pullback resistance, likely to limit upward momentum.
Additional Technical Indicators:
- MACD: Bearish crossover, reinforcing the bearish outlook.
- RSI: Approaching overbought, suggesting potential downside.
- Trendlines: Major trendline resistance aligns with the bearish forecast.
Upcoming Economic Events Impact:
- 15:30 USD Retail Sales: Higher retail sales could support USD, adding to bearish pressure on gold.
------------------------------------------------------------------
https://www.investing.com/studios/article-382173
Source: https://www.investing.com/studios/article-382173
------------------------------------------------------------------
No comments:
Post a Comment