Thursday 18th September 2025: Technical Outlook and Review

content provided with permission by IC MArkets

 

DXY (U.S. Dollar Index):

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.

EUR/USD:

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.

EUR/JPY:

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.

EUR/GBP:

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.

GBP/USD:

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.

GBP/JPY:

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.

USD/CHF:

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.

USD/JPY:

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.

USD/CAD:

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.

AUD/USD:

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.

NZD/USD

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.

 

US30 (DJIA):

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.

DE40 (DAX):

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.

US500 (S&P 500):

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.

BTC/USD (Bitcoin):

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.

ETH/USD (Ethereum):

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.

WTI/USD (Oil):

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.

XAU/USD (GOLD):

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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