Potential Direction: Bearish
Overall momentum of the chart: Bearish
The price could see a short-term pullback toward the pivot before continuing its bearish move down toward the 1st support.
Pivot: 97.36
Supporting reasons: Identified as a pullback resistance, where selling pressures could intensify and potentially cap any upward retracement.
1st support: 96.47
Supporting reasons: Identified as a swing low support that aligns with the 127.2% Fibonacci extension, indicating a potential area where the price could again stabilize.
1st resistance: 98.12
Supporting reasons: Identified as an overlap resistance, acting as a ceiling for price and potentially preventing further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price could see a pullback toward the pivot before making a bullish rise toward the 1st resistance
Pivot: 1.1768
Supporting reasons: Identified as a pullback support, where buying pressure could emerge and provide a base for the next upward move.
1st support: 1.1678
Supporting reasons: Identified as an overlap support, providing a strong level where price could stabilize again if the market retraces deeper.
1st resistance: 1.1895
Supporting reasons: Identified as a resistance that is supported by 127.2% Fibonacci extension and the 127.2% Fibonacci projection, marking a key level that could temporarily halt upward momentum.
Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price has already bounced off the pivot and could continue its bullish move toward the 1st resistance.
Pivot: 173.25
Supporting reasons: Identified as a pullback support, where renewed buying pressure could emerge to push the price higher.
1st Support: 172.66
Supporting reasons: Identified as a pullback support, marking a key stabilization zone if the price retraces deeper.
1st Resistance: 173.90
Supporting reasons: Identified as a swing high resistance, where upward momentum could face a potential barrier.
Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price has already bounced off the pivot and could continue its bullish move toward the 1st resistance.
Pivot: 0.8658
Supporting reasons: Identified as a pullback support that aligns with the 61.8% Fibonacci retracement, indicating a potential area where buying interest could pick up.
1st support: 0.8637
Supporting reasons: Identified as a multi-swing low support, providing a solid stabilization zone if price retraces.
1st resistance: 0.8690
Supporting reasons: Identified as an overlap resistance, making it a strong barrier where upward momentum could slow.
Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price could make a short-term pullback toward the pivot before rising again toward the 1st resistance
Pivot: 1.3576
Supporting reasons: Identified as a pullback support, where renewed buying pressure could emerge to push the price higher.
1st support: 1.3480
Supporting reasons: Identified as a pullback support, indicating a potential area where the price could stabilize once more.
1st resistance: 1.3691
Supporting reasons: Identified as a pullback resistance that aligns with the 161.8% Fibonacci extension, indicating a potential level that could halt further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price has already bounced off the pivot and could continue its bullish move toward the 1st resistance.
Pivot: 199.56
Supporting reasons: Identified as a pullback support that aligns with the 61.8% Fibonacci retracement, where renewed buying pressure could emerge to push the price higher.
1st support: 198.57
Supporting reasons: Identified as a swing low support, indicating a potential level where the price could stabilize once more.
1st resistance: 200.71
Supporting reasons: Identified as a swing high resistance, indicating a potential level that could halt further upward movement.
Potential Direction: Bearish
Overall momentum of the chart: Bullish
The price could see a short-term pullback toward the pivot before continuing its bearish move down toward the 1st support.
Pivot: 0.7917
Supporting reasons: Identified as a pullback resistance, where selling pressures could intensify and potentially cap any upward retracement.
1st support: 0.7851
Supporting reasons: Identified as a support that is supported by the 100% Fibonacci projection, indicating a potential level where the price could stabilize once again.
1st resistance: 0.7986
Supporting reasons: Identified as an overlap resistance, indicating a potential level that could cap further upward movement.
Potential Direction: Bearish
Overall momentum of the chart: Bullish
The price has already reacted off the pivot and could continue its bearish move down toward the 1st support.
Pivot: 147.07
Supporting reasons: Identified as a pullback resistance, where selling pressures could intensify and potentially cap any upward retracement.
1st support: 146.03
Supporting reasons: Identified as a swing low support that aligns with the 78.6% Fibonacci projection, indicating a potential area where the price could again stabilize.
1st resistance: 147.90
Supporting reasons: Identified as an overlap resistance, acting as a ceiling for price and potentially preventing further upward movement.
Potential Direction: Bearish
Overall momentum of the chart: Bearish
The price could see a short-term pullback toward the pivot before continuing its bearish move down toward the 1st support.
Pivot: 1.3793
Supporting reasons: Identified as a pullback resistance that aligns with the 38.2% Fibonacci retracement, where selling pressures could intensify and potentially cap any upward retracement.
1st support: 1.3724
Supporting reasons: Identified as an overlap that aligns with the 161.8% Fibonacci extension, indicating a potential area where the price could again stabilize.
1st resistance: 1.3830
Supporting reasons: Identified as a pullback resistance that aligns with the 61.8% Fibonacci retracement, acting as a ceiling for price and potentially preventing further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price could see a pullback toward the pivot before making a bullish rise toward the 1st resistance
Pivot: 0.6619
Supporting reasons: Identified as a pullback support, where buying pressure could emerge and provide a base for the next upward move.
1st support: 0.6558
Supporting reasons: Identified as a pullback support, providing a strong level where price could stabilize again if the market retraces deeper.
1st resistance: 0.6689
Supporting reasons: Identified as a resistance that is supported by the 127.2% Fibonacci extension, marking a key level that could temporarily halt upward momentum.
Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price could see a pullback toward the pivot before making a bullish rise toward the 1st resistance
Pivot: 0.5913
Supporting reasons: Identified as an overlap support that aligns with the 50% Fibonacci retracement, where buying pressure could emerge and provide a base for the next upward move.
1st support: 0.5883
Supporting reasons: Identified as a pullback support, providing a strong level where price could stabilize again if the market retraces deeper.
1st resistance: 0.5966
Supporting reasons: Identified as a pullback resistance, marking a key level that could temporarily halt upward momentum.
Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price has already bounced off the pivot and could continue its bullish move toward the 1st resistance.
Pivot: 45,675.57
Supporting reasons: Identified as an overlap support, indicating a potential area where buying interest could pick up.
1st support: 45,297.04
Supporting reasons: Identified as an overlap support, providing a solid stabilization zone if price retraces.
1st resistance: 46,129.86
Supporting reasons: Identified as a resistance that is supported with the 161.8% Fibonacci extension, making it a strong barrier where upward momentum could slow.
Potential Direction: Bearish
Overall momentum of the chart: Bullish
The price is rising toward the pivot and could make a bearish move toward the 1st support.
Pivot: 23,545.77
Supporting reasons: Identified as a pullback resistance, indicating a potential area where selling pressures could intensify.
1st support: 23,237.71
Supporting reasons: Identified as a support that is supported by the 161.8% Fibonacci extension, indicating a key level where the price could stabilize once more.
1st resistance: 23,873.56
Supporting reasons: Identified as an overlap resistance, indicating a potential area that could halt any further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price could see a pullback toward the pivot before making a bullish rise toward the 1st resistance
Pivot: 6,593.20
Supporting reasons: Identified as a pullback support, where buying pressure could emerge and provide a base for the next upward move.
1st support: 6,547.19
Supporting reasons: Identified as a pullback support, providing a strong level where price could stabilize again if the market retraces deeper.
1st resistance: 6,657.32
Supporting reasons: Identified as a resistance that is supported by the 100% Fibonacci projection, marking a key level that could temporarily halt upward momentum.
Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price has already bounced off the pivot and could continue its bullish move toward the 1st resistance.
Pivot: 115,494.52
Supporting reasons: Identified as a pullback support, where buying pressure could emerge and provide a base for the next upward move.
1st support: 112,962.02
Supporting reasons: Identified as a pullback support, providing a strong level where price could stabilize again if the market retraces deeper.
1st resistance: 118.235.69
Supporting reasons: Identified as an overlap that aligns with the 161.8% Fibonacci extension, marking a key level that could temporarily halt upward momentum.
Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price has already bounced off the pivot and could continue its bullish move toward the 1st resistance.
Pivot: 4,477.50
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.
1st support: 4,239.45
Supporting reasons: Identified as an overlap support, providing a solid stabilization zone if price retraces.
1st resistance: 4,761.40
Supporting reasons: Identified as an overlap resistance, making it a strong barrier where upward momentum could slow.
Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price could see a pullback toward the pivot before making a bullish rise toward the 1st resistance
Pivot: 63.93
Supporting reasons: Identified as a pullback support, where buying pressure could emerge and provide a base for the next upward move.
1st support: 62.09
Supporting reasons: Identified as a swing low support, providing a strong level where price could stabilize again if the market retraces deeper.
1st resistance: 66.15
Supporting reasons: Identified as an overlap resistance that aligns closely with the 161.8% Fibonacci extension, marking a key level that could temporarily halt upward momentum.
Potential Direction: Bearish
Overall momentum of the chart: Bullish
The price could see a short-term pullback toward the pivot before continuing its bearish move down toward the 1st support.
Pivot: 3,674.77
Supporting reasons: Identified as a pullback resistance, where selling pressures could intensify and potentially cap any upward retracement.
1st support: 3,624.94
Supporting reasons: Identified as a swing low support, providing a strong level where price could stabilize again if the market retraces deeper.
1st resistance: 3,697.76
Supporting reasons: Identified as a swing high resistance, marking a key level that could temporarily halt upward momentum.
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The post Thursday 18th September 2025: Technical Outlook and Review first appeared on IC Markets | Official Blog.
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