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: 97.13
Supporting reasons: Identified an overlap resistance, where selling pressures could intensify and potentially cap any upward retracement.
1st support: 97.17
Supporting reasons: Identified as an overlap support, indicating a potential area where the price could again stabilize.
1st resistance: 98.13
Supporting reasons: Identified as a pullback resistance, indicating a potential area that could halt any further upward movement
Potential Direction: Bearish
Overall momentum of the chart: Bullish
The price has already reacted off the pivot and could continue to make a bearish move down toward the 1st support.
Pivot: 1.1773
Supporting reasons: Identified as an overlap resistance, where selling pressures could intensify and potentially cap any upward retracement..
1st support: 1.1676
Supporting reasons: Identified as a swing low support that aligns with the 61.8% Fibonacci projection, indicating a potential level where the price could stabilize once again.
1st resistance: 1.1867
Supporting reasons: Identified as a swing high resistance, indicating a potential level that could cap 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: 173.26
Supporting reasons: Identified as a pullback resistance, where selling pressures could intensify and potentially cap any upward retracement.
1st support: 172.13
Supporting reasons: Identified as a swing low support, indicating a potential area where the price could again stabilize.
1st resistance: 174.11
Supporting reasons: Identified as a pullback resistance, indicating a potential level that could cap 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: 0.8719
Supporting reasons: Identified as a pullback resistance, where selling pressures could intensify and potentially cap any upward retracement.
1st support: 0.8669
Supporting reasons: Identified as an overlap support that aligns with the 50% Fibonacci retracement, indicating a potential area where the price could stabilize once more.
1st resistance: 0.8750
Supporting reasons: Identified as a swing high resistance, indicating a potential level that could cap 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: 1.3533
Supporting reasons: Identified as an overlap resistance, where selling pressures could intensify and potentially cap any upward retracement.
1st support: 1.3452
Supporting reasons: Identified as a swing low support, indicating a potential area where the price could stabilize once more.
1st resistance: 1.3588
Supporting reasons: Identified as a pullback 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: 199.11
Supporting reasons: Identified as an overlap resistance, where selling pressures could intensify and potentially cap any upward retracement.
1st support: 198.03
Supporting reasons: Identified as a swing low support that aligns with the 161.8% Fibonacci extension, indicating a potential level where the price could stabilize once more.
1st resistance: 199.71
Supporting reasons: Identified as an overlap resistance, indicating a potential level that could halt further upward movement.
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: 0.7952
Supporting reasons: Identified as a pullback support, where renewed buying pressure could emerge to push the price higher.
1st support: 0.7909
Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once again.
1st resistance: 0.8031
Supporting reasons: Identified as a pullback resistance that aligns closely with the 100% Fibonacci projection, indicating a potential level that could cap 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: 147.44
Supporting reasons: Identified as a pullback resistance, where selling pressures could intensify and potentially cap any upward retracement.
1st support: 146.31
Supporting reasons: Identified as a swing low support, indicating a strong area where buyers might return, and the price could stabilize once again.
1st resistance: 148.54
Supporting reasons: Identified as a pullback resistance. This level represents the next key area where upward movement could be capped amid increased selling pressure
Potential Direction: Bullish
Overall momentum of the chart: Bearish
The price could fall toward the pivot and make a bullish bounce off toward the 1st resistance.
Pivot: 1.3906
Supporting reasons: Identified as an overlap support, indicating a potential area where buying interest could pick up.
1st support: 1.3860
Supporting reasons: Identified as a pullback support, indicating a key level where the price could stabilize once more.
1st resistance: 1.3991
Supporting reasons: Identified as a resistance that is supported by the 161.8% Fibonacci extension, making it a possible target for bullish advances and a level where some sellers could return to cap gains
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: 0.6582
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: 0.6530
Supporting reasons: Identified as a swing low support, this area has provided strong support historically and may attract buying interest for a potential short-term bounce
1st resistance: 0.6637
Supporting reasons: Identified as a pullback resistance, indicating a potential area that could halt any further upward movement.
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: 0.5790
Supporting reasons: Identified as an overlap support, indicating a potential area where buying interest could pick up
1st support: 0.5763
Supporting reasons: Identified as a swing low support, this area has provided strong support historically and may attract buying interest for a potential short-term bounce
1st resistance: 0.5835
Supporting reasons: Identified as a pullback resistance, indicating a potential area that could halt any further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price has already bounced off the pivot and could continue to make a bullish move toward the 1st resistance.
Pivot: 46,123.56
Supporting reasons: Identified as an overlap support, indicating a potential area where buying interest could pick up.
1st support: 45,765.51
Supporting reasons: Identified as an overlap support, suggesting a potential area where the price could stabilize once again.
1st resistance: 46,704.98
Supporting reasons: Identified as a swing high resistance that aligns with the 161.8% Fibonacci extension, indicating a potential area that could halt any further upward movement.
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: 23,932.45
Supporting reasons: Identified as a pullback support, indicating a potential area where buying interest could pick up
1st support: 23,708.88
Supporting reasons: Identified as an overlap support, indicating a key level where the price could stabilize once more.
1st resistance: 24,233.20
Supporting reasons: Identified as an overlap resistance that aligns with the 78.6% Fibonacci retracement, indicating a potential area that could halt any further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price has already bounced off the pivot and could continue to make a bullish rise toward the 1st resistance
Pivot: 6,630.87
Supporting reasons: Identified as a pullback support, where renewed buying pressure could emerge to push the price higher.
1st support: 6,557.19
Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once again.
1st resistance: 6,745.21
Supporting reasons: Identified as a resistance that is supported by the 100% Fibonacci projection, indicating a potential area that could halt any further upward movement.
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: 114,556.40
Supporting reasons: Identified as a pullback support, where renewed buying pressure could emerge to push the price higher.
1st support: 111,937.85
Supporting reasons: Identified as a pullback support, indicating a potential level where the price could stabilize once more.
1st resistance: 118,912.50
Supporting reasons: Identified as a pullback resistance that aligns with the 100% Fibonacci projection, indicating a potential area that could halt any further upward movement.
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: 4,225.10
Supporting reasons: Identified as a pullback support, where renewed buying pressure could emerge to push the price higher.
1st support: 4,069.94
Supporting reasons: Identified as a pullback support, indicating a potential level where the price could stabilize once more.
1st resistance: 4,426.96
Supporting reasons: Identified as a pullback resistance that aligns closely with the 127.2% Fibonacci extension, indicating a potential area that could halt any 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: 62.15
Supporting reasons: Identified as a pullback resistance, where selling pressures could intensify and potentially cap any upward retracement.
1st support: 60.63
Supporting reasons: Identified as a support that is supported by the 127.2% Fibonacci extension, indicating a key level where the price could stabilize once more.
1st resistance: 63.15
Supporting reasons: Identified as a pullback resistance, indicating a potential area that could halt any further upward movement.
Potential Direction: Bullish
Overall momentum of the chart: Bullish
The price could fall toward the pivot and make a bullish rise toward the 1st resistance.
Pivot: 3,790.67
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: 3,724.29
Supporting reasons: Identified as a pullback support, indicating a key level where the price could stabilize once more.
1st resistance: 3,889.12
Supporting reasons: Identified as a swing resistance, indicating a potential area that could halt any further upward movement.
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The post Thursday 2nd October 2025: Technical Outlook and Review first appeared on IC Markets | Official Blog.
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