Potential Direction: Bullish

Overall momentum of the chart: Bearish

Price could potentially make a bullish bounce off the pivot and rise toward the 1st resistance.

Pivot: 103.29
Supporting reasons: Identified as an overlap support, indicating a potential area where buying interests could pick up to stage a rebound.

1st support: 101.79
Supporting reasons: Identified as a pullback support, indicating a potential area where the price could stabilize once again.

1st resistance: 105.78
Supporting reasons: Identified as a pullback resistance that aligns close to a confluence of Fibonacci levels i.e. the 38.2% and 61.8% retracements, indicating a potential level that could cap further upward movement. The presence of the red Ichimoku Cloud adds further significance to the strength of this resistance zone.

EUR/USD:

Potential Direction: Bearish

Overall momentum of the chart: Bullish

Price could rise toward the pivot and potentially make a bearish reversal off this level to fall toward the 1st support.

Pivot: 1.0948
Supporting reasons: Identified as an overlap resistance, indicating a potential area where selling pressures could intensify.

1st support: 1.0675
Supporting reasons: Identified as a pullback support that aligns close to a 38.2% Fibonacci retracement, indicating a potential area where the price could stabilize once more.

1st resistance: 1.1110
Supporting reasons: Identified as an overlap resistance, indicating a potential area that could halt any further upward movement.

EUR/JPY:

Potential Direction: Bullish
Overall momentum of the chart: Bullish

Price could fall toward the pivot and potentially make a bullish bounce off this level to rise towards the 1st resistance.

Pivot: 159.42
Supporting reasons: Identified as a pullback support that aligns with a 50% Fibonacci retracement, indicating a potential area where buying interests could pick up to stage a rebound.

1st support: 155.51
Supporting reasons: Identified as a multi-swing-low support, indicating a potential area where the price could stabilize once again.

1st resistance: 164.69
Supporting reasons: Identified as a multi-swing-high resistance, indicating a potential area that could halt any further upward movement.

EUR/GBP:

Potential Direction: Bullish
Overall momentum of the chart: Bullish

Price could fall toward the pivot and potentially make a bullish bounce off this level to rise towards the 1st resistance.

Pivot: 0.8349
Supporting reasons: Identified as a pullback support that aligns with a 50% Fibonacci retracement, indicating a potential area where buying interests could pick up to stage a rebound.

1st support: 0.8244
Supporting reasons: Identified as a swing-low support, indicating a potential area where the price could stabilize once more.

1st resistance: 0.8431
Supporting reasons: Identified as a swing-high resistance, indicating a potential level that could cap further upward movement.

GBP/USD:

Potential Direction: Bearish

Overall momentum of the chart: Bullish

Price could rise toward the pivot and potentially make a bearish reversal off this level to fall toward the 1st support.

Pivot: 1.3046

Supporting reasons: Identified as an overlap resistance that aligns close to a 127.2% Fibonacci extension, indicating a potential area where selling pressures could intensify.

1st support: 1.2776
Supporting reasons: Identified as a pullback support that aligns close to a 23.6% Fibonacci retracement, acting as a potential level where the price could stabilize once again.

1st resistance: 1.3260
Supporting reasons: Identified as a pullback resistance, indicating a potential level that could cap further upward movement.

GBP/JPY:

Potential Direction: Bullish
Overall momentum of the chart: Bullish

Price has made a bullish bounce off the pivot and could potentially rise toward the 1st resistance.

Pivot: 192.01

Supporting reasons: Identified as a pullback support that aligns with a 38.2% Fibonacci retracement, indicating a potential area where buying interests could pick up to stage a rebound.

1st support: 187.05
Supporting reasons: Identified as a swing-low support, indicating a potential level where the price could stabilize once more.

1st resistance: 198.37
Supporting reasons: Identified as a swing-high resistance, indicating a potential level that could cap further upward movement.

USD/CHF:

Potential Direction: Bullish
Overall momentum of the chart: Bullish

Price has made a bullish bounce off the pivot and could potentially rise toward the 1st resistance.

Pivot: 0.8752

Supporting reasons: Identified as an overlap support, indicating a potential area where buying interests could pick up to stage a rebound.

1st support: 0.8607
Supporting reasons: Identified as a pullback support that aligns close to a 127.2% Fibonacci extension, indicating a potential level where the price could stabilize once again.

1st resistance: 0.8915
Supporting reasons: Identified as an overlap resistance that aligns with a 38.2% Fibonacci retracement, indicating a potential level that could cap further upward movement.

USD/JPY:

Potential Direction: Bullish
Overall momentum of the chart: Bullish

Price has made a bullish bounce off the pivot and could potentially rise toward the 1st resistance.

Pivot: 146.90

Supporting reasons: Identified as an overlap support, indicating a potential area where buying interests could pick up to stage a rebound.

1st support: 144.79
Supporting reasons: Identified as a pullback support, suggesting a potential area where the price could stabilize once more.

1st resistance: 151.23
Supporting reasons: Identified as an overlap resistance that aligns with a 38.2% Fibonacci retracement, indicating a potential level that could cap further upward movement.

USD/CAD:

Potential Direction: Bearish

Overall momentum of the chart: Neutral

Price could rise toward the pivot and potentially make a bearish reversal off this level to fall toward the 1st support.

Pivot: 1.4505

Supporting reasons: Identified as a multi-swing-high resistance that aligns close to a 61.8% Fibonacci retracement, indicating a potential area where selling pressures could intensify.

1st support: 1.4152
Supporting reasons: Identified as a swing-low support that aligns close to a 50% Fibonacci retracement, indicating a key level where the price could stabilize once more.

1st resistance: 1.4735
Supporting reasons: Identified as a swing-high resistance, indicating a potential area that could halt any further upward movement.

AUD/USD:

Potential Direction: Bearish

Overall momentum of the chart: Neutral

Price is rising towards the pivot and it could potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 0.6401
Supporting reasons: Identified as a swing-high resistance that aligns close to a 38.2% Fibonacci retracement, indicating a potential area where selling pressures could intensify.

1st support: 0.6205

Supporting reasons: Identified as a swing-low support that aligns with a 61.8% Fibonacci retracement, suggesting a potential area where the price could stabilize once again.

1st resistance: 0.6537
Supporting reasons: Identified as an overlap resistance that aligns close to a 50% Fibonacci retracement, indicating a potential area that could halt any further upward movement.

NZD/USD

Potential Direction: Bearish

Overall momentum of the chart: Neutral

Price is rising towards the pivot and it could potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 0.5828

Supporting reasons: Identified as an overlap resistance that aligns close to a 38.2% Fibonacci retracement, indicating a potential area where selling pressures could intensify.

1st support: 0.5594

Supporting reasons: Identified as a swing-low support, suggesting a potential area where the price could stabilize once more.

1st resistance: 0.5928

Supporting reasons: Identified as an overlap resistance that aligns close to a 50% Fibonacci retracement, indicating a potential area that could halt any further upward movement.

US30 (DJIA):

Potential Direction: Bullish
Overall momentum of the chart: Bearish

Price has made a bullish bounce off the pivot and could potentially rise toward the 1st resistance.

Pivot: 40,856.80

Supporting reasons: Identified as a swing-low support, indicating a potential area where buying interests could pick up to stage a rebound.

1st support: 40,210.06

Supporting reasons: Identified as a swing-low support, indicating a potential level where the price could stabilize once again.

1st resistance: 43,308.85

Supporting reasons: Identified as an overlap resistance that aligns with a 61.8% Fibonacci retracement, indicating a potential area that could halt any further upward movement.

DE40 (DAX):

Potential Direction: Bullish
Overall momentum of the chart: Bullish

Price could fall toward the pivot and potentially make a bullish bounce off this level to rise toward the 1st resistance.

Pivot: 22,177.80

Supporting reasons: Identified as a swing-low support that aligns close to a 23.6% Fibonacci retracement, indicating a potential area where buying interests could pick up to stage a rebound. The presence of the green Ichimoku Cloud adds further significance to the strength of the bullish momentum.

1st support: 21,293.20

Supporting reasons: Identified as multi-swing low support that aligns close to a 38.2% Fibonacci retracement indicating a key level where the price could stabilize once more.

1st resistance: 23,358.91
Supporting reasons: Identified as a multi-swing-high resistance, indicating a potential area that could halt any further upward movement.

US500 (S&P 500): 

Potential Direction: Bullish
Overall momentum of the chart: Bearish

Price has made a bullish bounce off the pivot and could potentially rise toward the 1st resistance.

Pivot: 5,528.60

Supporting reasons: Identified as a swing-low support that aligns close to a 61.8% Fibonacci retracement, indicating a potential area where buying interests could pick up to stage a rebound. 

1st support: 5,386.80

Supporting reasons: Identified as a swing-low support, indicating a potential level where the price could stabilize once again.

1st resistance: 5,868.70

Supporting reasons: Identified as a pullback resistance that aligns close to a 50% Fibonacci retracement, indicating a potential area that could halt any further upward movement.

BTC/USD (Bitcoin):

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price could rise towards the pivot and potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 94,689.34

Supporting reasons: Identified as an overlap resistance that aligns close to a 61.8% Fibonacci retracement, indicating a potential area where selling pressures could intensify.

1st support: 73,176.19
Supporting reasons: Identified as a pullback support, indicating a potential level where the price could stabilize once more.

1st resistance: 107,885.04
Supporting reasons: Identified as a multi-swing-high resistance, indicating a potential area that could halt any further upward movement.

ETH/USD (Ethereum):

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price could rise towards the pivot and potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 2,645.94

Supporting reasons: Identified as a pullback resistance that aligns with a 38.2% Fibonacci retracement, indicating a potential area where selling pressures could intensify.

1st support: 1,849.60
Supporting reasons: Identified as a swing-low support, indicating a potential level where the price could stabilize once again.

1st resistance: 3,041.57
Supporting reasons: Identified as a pullback resistance that aligns close to a 50% Fibonacci retracement, indicating a potential area that could halt any further upward movement.

WTI/USD (Oil):

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price could rise towards the pivot and potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 70.11

Supporting reasons: Identified as a swing-high resistance, indicating a potential area where selling pressures could intensify. 

1st support: 65.64
Supporting reasons: Identified as a multi-swing-low support, indicating a key level where the price could stabilize once more.

1st resistance: 72.58
Supporting reasons: Identified as a swing-high resistance that aligns close to a 50% Fibonacci retracement, indicating a potential area that could halt any further upward movement.

XAU/USD (GOLD):

Potential Direction: Bullish
Overall momentum of the chart: Bullish

Price could fall toward the pivot and potentially make a bullish bounce off this level to rise toward the 1st resistance.

Pivot: 2,954.94
Supporting reasons: Identified as a pullback support that aligns close to a 23.6% Fibonacci retracement, indicating a potential area where buying interests could pick up to stage a rebound. The presence of the green Ichimoku Cloud adds further significance to the strength of the bullish momentum.

1st support: 2,790.01
Supporting reasons: Identified as a pullback support that aligns close to a 50% Fibonacci retracement, acting as a potential level where price could stabilize once again.

1st resistance: 3,091.98
Supporting reasons: Identified as a resistance that aligns with the 61.8% Fibonacci projection, indicating a potential area that could halt any further upward movement.

The accuracy, completeness and timeliness of the information contained on this site cannot be guaranteed. IC Markets does not warranty, guarantee or make any representations, or assume any liability regarding financial results based on the use of the information in the site.

News, views, opinions, recommendations and other information obtained from sources outside of www.icmarkets.com, used in this site are believed to be reliable, but we cannot guarantee their accuracy or completeness. All such information is subject to change at any time without notice. IC Markets assumes no responsibility for the content of any linked site.

The fact that such links may exist does not indicate approval or endorsement of any material contained on any linked site. IC Markets is not liable for any harm caused by the transmission, through accessing the services or information on this site, of a computer virus, or other computer code or programming device that might be used to access, delete, damage, disable, disrupt or otherwise impede in any manner, the operation of the site or of any user’s software, hardware, data or property. 

The post Monday 24th March 2025: Technical Outlook and Review first appeared on IC Markets | Official Blog.

Potential Direction: Bullish

Overall momentum of the chart: Bearish

Price could potentially make a bullish continuation toward the 1st resistance.

Pivot: 103.29
Supporting reasons: Identified as an overlap support, indicating a potential area where buying interests could pick up to resume the uptrend.

1st support: 102.20
Supporting reasons: Identified as an overlap support, indicating a potential area where the price could stabilize once again.

1st resistance: 105.29
Supporting reasons: Identified as a pullback resistance that aligns close to the 50% Fibonacci retracement, indicating a potential level that could cap further upward movement.

EUR/USD:

Potential Direction: Bearish

Overall momentum of the chart: Bullish

Price could potentially make a bearish continuation toward the 1st support.

Pivot: 1.0951
Supporting reasons: Identified as a multi-swing high resistance, indicating a potential area where selling pressures could intensify.

1st support: 1.0766
Supporting reasons: Identified as a pullback support, indicating a potential area where the price could stabilize once more.

1st resistance: 1.1074
Supporting reasons: Identified as a multi-swing high resistance, indicating a potential area that could halt any further upward movement.

EUR/JPY:

Potential Direction: Bearish
Overall momentum of the chart: Bullish

Price is rising towards the pivot and it could potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 162.24
Supporting reasons: Identified as a pullback resistance that aligns close to the 50% Fibonacci retracement, indicating a potential area where selling pressures could intensify.

1st support: 160.36
Supporting reasons: Identified as an overlap support, indicating a potential area where the price could stabilize once again.

1st resistance: 164.02
Supporting reasons: Identified as a swing high resistance, indicating a potential area that could halt any further upward movement.

EUR/GBP:

Potential Direction: Bearish
Overall momentum of the chart: Bullish

Price is rising towards the pivot and it could potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 0.8401
Supporting reasons: Identified as a pullback resistance, indicating a potential area where selling pressures could intensify.

1st support: 0.8356
Supporting reasons: Identified as a pullback support that aligns close to the 127.2% Fibonacci extension and the 100% Fibonacci projection, indicating a potential area where the price could stabilize once more.

1st resistance: 0.8444
Supporting reasons: Identified as a swing high resistance, indicating a potential level that could cap further upward movement.

GBP/USD:

Potential Direction: Bearish
Overall momentum of the chart: Bullish

Price could potentially make a bearish continuation toward the 1st support.

Pivot: 1.3046

Supporting reasons: Identified as a multi-swing high resistance that aligns close to the 127.2% Fibonacci extension, indicating a potential area where selling pressures could intensify.

1st support: 1.2808
Supporting reasons: Identified as a pullback support, acting as a potential level where the price could stabilize once again.

1st resistance: 1.3237
Supporting reasons: Identified as an overlap resistance, indicating a potential level that could cap further upward movement.

GBP/JPY:

Potential Direction: Bullish
Overall momentum of the chart: Bullish

Price could potentially make a bullish continuation toward the 1st resistance.

Pivot: 192.46

Supporting reasons: Identified as an overlap support that aligns with the 61.8% Fibonacci retracement, indicating a potential area where buying interests could pick up to stage a rebound.

1st support: 19079
Supporting reasons: Identified as a pullback support that aligns with the 61.8% Fibonacci retracement, indicating a potential level where the price could stabilize once more.

1st resistance: 194.69
Supporting reasons: Identified as a pullback resistance, indicating a potential level that could cap further upward movement.

USD/CHF:

Potential Direction: Bullish
Overall momentum of the chart: Bearish

Price could potentially make a bullish continuation toward the 1st support.

Pivot: 0.8798

Supporting reasons: Identified as an overlap support, indicating a potential area where buying interests could pick up to stage a rebound.

1st support: 0.8756
Supporting reasons: Identified as a swing low support, indicating a potential level where the price could stabilize once again.

1st resistance: 0.8865
Supporting reasons: Identified as an overlap resistance, indicating a potential level that could cap further upward movement.

USD/JPY:

Potential Direction: Bullish
Overall momentum of the chart: Bearish

Price could potentially make a bullish continuation toward the 1st resistance.

Pivot: 148.16

Supporting reasons: Identified as a pullback support that aligns with the 50% Fibonacci retracement, indicating a potential area where buying interests could pick up to stage a rebound.

1st support: 147.31
Supporting reasons: Identified as a pullback support that aligns close to the 78.6% Fibonacci retracement, suggesting a potential area where the price could stabilize once more.

1st resistance: 150.09
Supporting reasons: Identified as an overlap resistance that aligns close to the 78.6% Fibonacci retracement, indicating a potential level that could cap further upward movement.

USD/CAD:

Potential Direction: Bearish

Overall momentum of the chart: Bullish

PPrice could potentially make a bearish continuation toward the 1st support.

Pivot: 1.4401

Supporting reasons: Identified as an overlap resistance, that aligns close to the 78.6% Fibonacci retracement, indicating a potential area where selling pressures could intensify.

1st support: 1.4237
Supporting reasons: Identified as an overlap support that aligns with the 78.6% Fibonacci retracement, indicating a key level where the price could stabilize once more.

1st resistance: 1.4515
Supporting reasons: Identified as a multi-swing-high resistance, indicating a potential area that could halt any further upward movement.

AUD/USD:

Potential Direction: Bearish

Overall momentum of the chart: Bearish

Price is rising towards the pivot and it could potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 0.6330
Supporting reasons: Identified as a pullback resistance, indicating a potential area where selling pressures could intensify.

1st support: 0.6261

Supporting reasons: Identified as an overlap support that aligns with the 61.8% Fibonacci retracement, suggesting a potential area where the price could stabilize once again.

1st resistance: 0.6391
Supporting reasons: Identified as a swing high resistance, indicating a potential area that could halt any further upward movement.

NZD/USD

Potential Direction: Bearish

Overall momentum of the chart: Neutral

Price could potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 0.5730

Supporting reasons: Identified as a pullback resistance that aligns close to the 50% Fibonacci retracement, indicating a potential area where selling pressures could intensify.

1st support: 0.5689

Supporting reasons: Identified as an overlap support that aligns close to the 61.8% Fibonacci retracement, suggesting a potential area where the price could stabilize once more.

1st resistance: 0.5830

Supporting reasons: Identified as a multi-swing high resistance, indicating a potential area that could halt any further upward movement.

US30 (DJIA):

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price could potentially make a bearish continuation toward the 1st support.

Pivot: 42,198.94

Supporting reasons: Identified as a pullback resistance that aligns with the 61.8% Fibonacci retracement and the 61.8% Fibonacci projection, indicating a potential area where selling pressures could intensify.. 

1st support: 41,416.44

Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once again.

1st resistance: 43,014.27

Supporting reasons: Identified as an overlap resistance, indicating a potential area that could halt any further upward movement.

DE40 (DAX):

Potential Direction: Bullish
Overall momentum of the chart: Bearish

Price could fall towards the pivot and potentially make a bullish bounce off this level to rise towards the 1st resistance.

Pivot: 22,723.66

Supporting reasons: Identified as a pullback support that aligns close to the 61.8% Fibonacci retracement, indicating a potential area where buying interests could pick up to stage a rebound.

1st support: 22,267.92

Supporting reasons: Identified as multi-swing low support, indicating a key level where the price could stabilize once more.

1st resistance: 23,175.69
Supporting reasons: Identified as a pullback resistance, indicating a potential area that could halt any further upward movement.

US500 (S&P 500): 

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price could rise towards the pivot and potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 5,771.52

Supporting reasons: Identified as a pullback resistance, indicating a potential area where selling pressures could intensify. 

1st support: 5,605.36

Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once again.

1st resistance: 5,861.82

Supporting reasons: Identified as a pullback resistance that aligns close to the 78.6% Fibonacci retracement, indicating a potential area that could halt any further upward movement.

BTC/USD (Bitcoin):

Potential Direction: Bullish
Overall momentum of the chart: Bearish

Price could fall towards the pivot and potentially make a bullish bounce off this level to rise towards the 1st resistance.

Pivot: 84,306.44

Supporting reasons: Identified as a pullback support, indicating a potential area where buying interests could pick up to stage a rebound.

1st support: 78.021.36
Supporting reasons: Identified as a swing low support, indicating a potential level where the price could stabilize once more.

1st resistance: 89,641.90
Supporting reasons: Identified as a pullback resistance that aligns with the 78.6% Fibonacci retracement and the 100% Fibonacci projection, indicating a potential area that could halt any further upward movement.

ETH/USD (Ethereum):

Potential Direction: Bullish
Overall momentum of the chart: Bearish

Price could fall towards the pivot and potentially make a bullish bounce off this level to rise towards the 1st resistance.

Pivot: 1,947.37

Supporting reasons: Identified as an overlap support, indicating a potential area where buying interests could pick up to stage a rebound.

1st support: 1,750.14
Supporting reasons: Identified as a swing-low support, indicating a potential level where the price could stabilize once again.

1st resistance: 2,134.32
Supporting reasons: Identified as an overlap resistance that aligns close to the 61.8% Fibonacci retrtacement, indicating a potential area that could halt any further upward movement.

WTI/USD (Oil):

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price could rise towards the pivot and potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 69.21

Supporting reasons: Identified as a pullback resistance that aligns with the 50% Fibonacci retracement, indicating a potential area where selling pressures could intensify. 

1st support: 67.29
Supporting reasons: Identified as an overlap support, indicating a key level where the price could stabilize once more.

1st resistance: 70.39
Supporting reasons: Identified as an overlap resistance that aligns with the 161.8% Fibonacci extension and the 61.8% Fibonacci retracement, indicating a potential area that could halt any further upward movement.

XAU/USD (GOLD):

Potential Direction: Bearish
Overall momentum of the chart: Bullish
Price could potentially make a bearish continuation towards the 1st support.

Pivot: 3049.30
Supporting reasons: Identified as a swing high resistance, indicating a potential area where selling pressures could intensify.

1st support: 3023.87
Supporting reasons: Identified as a swing low support, acting as a potential level where price could stabilize once again.

1st resistance: 3061.20
Supporting reasons: Identified as a resistance that aligns with the 127.2% Fibonacci extension, indicating a potential area that could halt any further upward movement.

The accuracy, completeness and timeliness of the information contained on this site cannot be guaranteed. IC Markets does not warranty, guarantee or make any representations, or assume any liability regarding financial results based on the use of the information in the site.

News, views, opinions, recommendations and other information obtained from sources outside of www.icmarkets.com, used in this site are believed to be reliable, but we cannot guarantee their accuracy or completeness. All such information is subject to change at any time without notice. IC Markets assumes no responsibility for the content of any linked site.

The fact that such links may exist does not indicate approval or endorsement of any material contained on any linked site. IC Markets is not liable for any harm caused by the transmission, through accessing the services or information on this site, of a computer virus, or other computer code or programming device that might be used to access, delete, damage, disable, disrupt or otherwise impede in any manner, the operation of the site or of any user’s software, hardware, data or property. 

The post Friday 21st March 2025: Technical Outlook and Review first appeared on IC Markets | Official Blog.

Potential Direction: Bullish

Overall momentum of the chart: Bearish

Price could potentially make a bullish bounce off the pivot and rise toward the 1st resistance.

Pivot: 103.34
Supporting reasons: Identified as an overlap support, indicating a potential area where buying interests could pick up to resume the uptrend.

1st support: 102.20
Supporting reasons: Identified as an overlap support, indicating a potential area where the price could stabilize once again.

1st resistance: 105.29
Supporting reasons: Identified as a pullback resistance that aligns close to the 50% Fibonacci retracement, indicating a potential level that could cap further upward movement.

EUR/USD:

Potential Direction: Bearish

Overall momentum of the chart: Bullish

Price could potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 1.0951
Supporting reasons: Identified as a multi-swing high resistance, indicating a potential area where selling pressures could intensify.

1st support: 1.0766
Supporting reasons: Identified as a pullback support, indicating a potential area where the price could stabilize once more.

1st resistance: 1.1074
Supporting reasons: Identified as a multi-swing high resistance, indicating a potential area that could halt any further upward movement.

EUR/JPY:

Potential Direction: Bearish
Overall momentum of the chart: Bullish

Price could potentially make a bearish breakout toward the 1st support

Pivot: 162.24
Supporting reasons: Identified as a pullback resistance, indicating a potential area where selling pressures could intensify.

1st support: 160.36
Supporting reasons: Identified as an overlap support, indicating a potential area where the price could stabilize once again.

1st resistance: 164.02
Supporting reasons: Identified as a swing high resistance, indicating a potential area that could halt any further upward movement.

EUR/GBP:

Potential Direction: Bearish
Overall momentum of the chart: Bullish

Price is rising towards the pivot and it could potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 0.8401
Supporting reasons: Identified as an overlap resistance, indicating a potential area where selling pressures could intensify.

1st support: 0.8356
Supporting reasons: Identified as a pullback support that aligns close to the 50% Fibonacci retracement and the 100% Fibonacci projection, indicating a potential area where the price could stabilize once more.

1st resistance: 0.8444
Supporting reasons: Identified as a swing high resistance, indicating a potential level that could cap further upward movement.

GBP/USD:

Potential Direction: Bearish
Overall momentum of the chart: Bullish

Price could potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 1.3046

Supporting reasons: Identified as a multi-swing high resistance that aligns close to the 127.2% Fibonacci extension, indicating a potential area where selling pressures could intensify.

1st support: 1.2808
Supporting reasons: Identified as a pullback support, acting as a potential level where the price could stabilize once again.

1st resistance: 1.3237
Supporting reasons: Identified as an overlap resistance, indicating a potential level that could cap further upward movement.

GBP/JPY:

Potential Direction: Bullish
Overall momentum of the chart: Bullish

Price could potentially make a bullish bounce off this level and rise towards the 1st resistance.

Pivot: 192.76

Supporting reasons: Identified as a pullback support that aligns with the 50% Fibonacci retracement, indicating a potential area where buying interests could pick up to stage a rebound.

1st support: 19079
Supporting reasons: Identified as a pullback support that aligns with the 61.8% Fibonacci retracement, indicating a potential level where the price could stabilize once more.

1st resistance: 194.69
Supporting reasons: Identified as a pullback resistance, indicating a potential level that could cap further upward movement.

USD/CHF:

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price could potentially make a bearish breakout at this level to fall towards the 1st support.

Pivot: 0.8767

Supporting reasons: Identified as a pullback resistance, indicating a potential area where selling pressures could intensify

1st support: 0.8723
Supporting reasons: Identified as a support that aligns with the 161.8% Fibonacci extension and the 78.6% Fibonacci projection, indicating a potential level where the price could stabilize once again.

1st resistance: 0.8816
Supporting reasons: Identified as a pullback resistance, indicating a potential level that could cap further upward movement.

USD/JPY:

Potential Direction: Bullish
Overall momentum of the chart: Bearish

Price could potentially make a bullish bounce off this level and rise towards the 1st resistance.

Pivot: 148.16

Supporting reasons: Identified as a pullback support that aligns with the 50% Fibonacci retracement, indicating a potential area where buying interests could pick up to stage a rebound.

1st support: 147.31
Supporting reasons: Identified as a pullback support that aligns close to the 78.6% Fibonacci retracement, suggesting a potential area where the price could stabilize once more.

1st resistance: 150.09
Supporting reasons: Identified as an overlap resistance that aligns close to the 78.6% Fibonacci retracement, indicating a potential level that could cap further upward movement.

USD/CAD:

Potential Direction: Bearish

Overall momentum of the chart: Bullish

PPrice is rising towards the pivot and it could potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 1.4361

Supporting reasons: Identified as a pullback resistance, that aligns close to the 50% Fibonacci retracement, indicating a potential area where selling pressures could intensify.

1st support: 1.4237
Supporting reasons: Identified as an overlap support that aligns with the 78.6% Fibonacci retracement, indicating a key level where the price could stabilize once more.

1st resistance: 1.4515
Supporting reasons: Identified as a multi swing-high resistance, indicating a potential area that could halt any further upward movement.

AUD/USD:

Potential Direction: Bullish

Overall momentum of the chart: Bearish

Price could potentially make a bullish bounce off this level to rise towards the 1st resistance.

Pivot: 0.6330

Supporting reasons: Identified as a pullback support that aligns with the 50% FIbonacci retracement, indicating a potential area where buying interests could pick up to stage a rebound.

1st support: 0.6274

Supporting reasons: Identified as a multi-swing low support, suggesting a potential area where the price could stabilize once again.

1st resistance: 0.6403
Supporting reasons: Identified as a swing high resistance that aligns with the 61.8% Fibonacci projection, indicating a potential area that could halt any further upward movement.

NZD/USD

Potential Direction: Bearish

Overall momentum of the chart: Neutral

Price could potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 0.5829

Supporting reasons: Identified as a pullback resistance that aligns close to the 127.2 Fibonacci extension, indicating a potential area where selling pressures could intensify.

1st support: 0.5771

Supporting reasons: Identified as a pullback support, suggesting a potential area where the price could stabilize once more.

1st resistance: 0.5883

Supporting reasons: Identified as an overlap resistance that aligns with  the 161.8% Fibonacci extension, indicating a potential area that could halt any further upward movement.

US30 (DJIA):

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price could potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 42,198.94

Supporting reasons: Identified as a pullback resistance that aligns with the 61.8% Fibonacci retracement and the 61.8% Fibonacci projection, indicating a potential area where selling pressures could intensify.. 

1st support: 41,416.44

Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once again.

1st resistance: 43,014.27

Supporting reasons: Identified as an overlap resistance, indicating a potential area that could halt any further upward movement.

DE40 (DAX):

Potential Direction: Bullish
Overall momentum of the chart: Bearish

Price could fall towards the pivot and potentially make a bullish bounce off this level to rise towards the 1st resistance.

Pivot: 22,884.11

Supporting reasons: Identified as a pullback support that aligns close to the 50% Fibonacci retracement, indicating a potential area where buying interests could pick up to stage a rebound.

1st support: 22,267.92

Supporting reasons: Identified as a multi swing low support, indicating a key level where the price could stabilize once more.

1st resistance: 23,476.03
Supporting reasons: Identified as a swing-high resistance, indicating a potential area that could halt any further upward movement.

US500 (S&P 500): 

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price could rise towards the pivot and potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 5,771.52

Supporting reasons: Identified as a pullback resistance, indicating a potential area where selling pressures could intensify. 

1st support: 5,605.36

Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once again.

1st resistance: 5,921.20

Supporting reasons: Identified as a pullback resistance that aligns close to the 61.8% Fibonacci retracement, indicating a potential area that could halt any further upward movement.

BTC/USD (Bitcoin):

Potential Direction: Bullish
Overall momentum of the chart: Bearish

Price could fall towards the pivot and potentially make a bullish bounce off this level to rise towards the 1st resistance.

Pivot: 84,556.54

Supporting reasons: Identified as a pullback support, indicating a potential area where buying interests could pick up to stage a rebound.

1st support: 78.021.36
Supporting reasons: Identified as a swing low support, indicating a potential level where the price could stabilize once more.

1st resistance: 89,641.90
Supporting reasons: Identified as a pullback resistance that aligns with the 78.6% Fibonacci retracement and the 100% Fibonacci porjection, indicating a potential area that could halt any further upward movement.

ETH/USD (Ethereum):

Potential Direction: Bullish
Overall momentum of the chart: Bearish

Price could fall towards the pivot and potentially make a bullish bounce off this level to rise towards the 1st resistance.

Pivot: 1,947.37

Supporting reasons: Identified as a pullback support, indicating a potential area where buying interests could pick up to stage a rebound.

1st support: 1,750.14
Supporting reasons: Identified as a swing-low support, indicating a potential level where the price could stabilize once again.

1st resistance: 2,134.32
Supporting reasons: Identified as an overlap resistance that aligns close to the 61.8% Fibonacci retrtacement, indicating a potential area that could halt any further upward movement.

WTI/USD (Oil):

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price could make a bearish contination toward the 1st support.

Pivot: 68.48

Supporting reasons: Identified as a pullback resistance, indicating a potential area where selling pressures could intensify. 

1st support: 65.59
Supporting reasons: Identified as a multi-swing-low support, indicating a key level where the price could stabilize once more.

1st resistance: 70.37
Supporting reasons: Identified as an overlap resistance that aligns with the 161.8% Fibonacci extension, indicating a potential area that could halt any further upward movement.

XAU/USD (GOLD):

Potential Direction: Bearish
Overall momentum of the chart: Bullish
Price could potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 3052.78
Supporting reasons: Identified as a swing high resistance that aligns with the 127.2% Fibonacci extension, indicating a potential area where selling pressures could intensify.

1st support: 3021.18
Supporting reasons: Identified as a swing low support, acting as a potential level where price could stabilize once again.

1st resistance: 3061.20
Supporting reasons: Identified as a resistance that aligns with the 161.8% Fibonacci extension, indicating a potential area that could halt any further upward movement.

The accuracy, completeness and timeliness of the information contained on this site cannot be guaranteed. IC Markets does not warranty, guarantee or make any representations, or assume any liability regarding financial results based on the use of the information in the site.

News, views, opinions, recommendations and other information obtained from sources outside of www.icmarkets.com, used in this site are believed to be reliable, but we cannot guarantee their accuracy or completeness. All such information is subject to change at any time without notice. IC Markets assumes no responsibility for the content of any linked site.

The fact that such links may exist does not indicate approval or endorsement of any material contained on any linked site. IC Markets is not liable for any harm caused by the transmission, through accessing the services or information on this site, of a computer virus, or other computer code or programming device that might be used to access, delete, damage, disable, disrupt or otherwise impede in any manner, the operation of the site or of any user’s software, hardware, data or property. 

The post Thursday 20th March 2025: Technical Outlook and Review first appeared on IC Markets | Official Blog.

Potential Direction: Bullish

Overall momentum of the chart: Bearish

Price could potentially make a bullish bounce off the pivot and rise toward the 1st resistance.

Pivot: 103.29
Supporting reasons: Identified as an overlap support, indicating a potential area where buying interests could pick up to resume the uptrend.

1st support: 102.20
Supporting reasons: Identified as an overlap support, indicating a potential area where the price could stabilize once again.

1st resistance: 105.29
Supporting reasons: Identified as a pullback resistance, indicating a potential level that could cap further upward movement.

EUR/USD:

Potential Direction: Bearish

Overall momentum of the chart: Bullish

Price could potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 1.0951
Supporting reasons: Identified as a multi-swing high resistance, indicating a potential area where selling pressures could intensify.

1st support: 1.0766
Supporting reasons: Identified as a pullback support, indicating a potential area where the price could stabilize once more.

1st resistance: 1.1074
Supporting reasons: Identified as a multi-swing high resistance, indicating a potential area that could halt any further upward movement.

EUR/JPY:

Potential Direction: Bullish
Overall momentum of the chart: Bullish

Price could potentially make a bullish continuation toward the 1st resistance

Pivot: 162.24
Supporting reasons: Identified as an overlap support, indicating a potential area where price could rebound

1st support: 160.36
Supporting reasons: Identified as an overlap support, indicating a potential area where the price could stabilize once again.

1st resistance: 164.74
Supporting reasons: Identified as a multi-swing high resistance, indicating a potential area that could halt any further upward movement.

EUR/GBP:

Potential Direction: Bearish
Overall momentum of the chart: Bullish

Price is rising towards the pivot and it could potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 0.8435
Supporting reasons: Identified as an overlap resistance, indicating a potential area where selling pressures could intensify.

1st support: 0.8356
Supporting reasons: Identified as a pullback support that aligns close to the 50% Fibonacci retracement and the 100% Fibonacci projection, indicating a potential area where the price could stabilize once more.

1st resistance: 0.8472
Supporting reasons: Identified as a swing high resistance, indicating a potential level that could cap further upward movement.

GBP/USD:

Potential Direction: Bearish
Overall momentum of the chart: Bullish

Price could potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 1.3046

Supporting reasons: Identified as a multi-swing high resistance, indicating a potential area where selling pressures could intensify.

1st support: 1.2810
Supporting reasons: Identified as a pullback support that aligns with the 23.6% Fibonacci retracement, acting as a potential level where the price could stabilize once again.

1st resistance: 1.3237
Supporting reasons: Identified as an overlap resistance, indicating a potential level that could cap further upward movement.

GBP/JPY:

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price is rising towards the pivot and it could potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 194.69
Supporting reasons: Identified as an overlap resistance that aligns close to the 100% Fibonacci projection, indicating a potential area where selling pressures could intensify.

1st support: 192.76
Supporting reasons: Identified as a pullback support, indicating a potential level where the price could stabilize once more.

1st resistance: 197.08
Supporting reasons: Identified as a pullback resistance, indicating a potential level that could cap further upward movement.

USD/CHF:

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price is rising towards the pivot and it could potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 0.8921

Supporting reasons: Identified as an overlap resistance, indicating a potential area where selling pressures could intensify

1st support: 0.8747
Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once again.

1st resistance: 0.8921
Supporting reasons: Identified as an overlap resistance that aligns close to the38.2% Fibonacci retracement, indicating a potential level that could cap further upward movement.

USD/JPY:

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price is rising towards the pivot and it could potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 150.10
Supporting reasons: Identified as an overlap resistance that aligns with the 78.6% Fibonacci retracement, indicating a potential area where selling pressures could intensify.

1st support: 148.26
Supporting reasons: Identified as an overlap support, suggesting a potential area where the price could stabilize once more.

1st resistance: 151.39
Supporting reasons: Identified as an overlap resistance, indicating a potential level that could cap further upward movement.

USD/CAD:

Potential Direction: Bearish

Overall momentum of the chart: Bullish

PPrice is rising towards the pivot and it could potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 1.4361

Supporting reasons: Identified as a pullback resistance, indicating a potential area where selling pressures could intensify.

1st support: 1.4240
Supporting reasons: Identified as an overlap support that aligns with the 78.6% Fibonacci retracement, indicating a key level where the price could stabilize once more.

1st resistance: 1.4515
Supporting reasons: Identified as a multi swing-high resistance, indicating a potential area that could halt any further upward movement.

AUD/USD:

Potential Direction: Bullish

Overall momentum of the chart: Bearish

Price could fall towards the pivot and potentially make a bullish bounce off this level to rise towards the 1st resistance.

Pivot: 0.6330

Supporting reasons: Identified as a pullback support that aligns with the 50% FIbonacci retracement, indicating a potential area where buying interests could pick up to stage a rebound.

1st support: 0.6253

Supporting reasons: Identified as a pullback support, suggesting a potential area where the price could stabilize once again.

1st resistance: 0.6403
Supporting reasons: Identified as a swing high resistance that aligns with the 78.6% Fibonacci projection, indicating a potential area that could halt any further upward movement.

NZD/USD

Potential Direction: Bearish

Overall momentum of the chart: Neutral

Price could potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 0.5829

Supporting reasons: Identified as a pullback resistance that aligns close to the 127.2 Fibonacci extension, indicating a potential area where selling pressures could intensify.

1st support: 0.5771

Supporting reasons: Identified as a pullback support, suggesting a potential area where the price could stabilize once more.

1st resistance: 0.5883

Supporting reasons: Identified as an overlap resistance that aligns with  the 161.8% Fibonacci extension, indicating a potential area that could halt any further upward movement.

US30 (DJIA):

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price could make a bearish continuation toward the 1st support.

Pivot:  42,007.78

Supporting reasons: Identified as a pullback resistance, indicating a potential area where selling pressures could intensify. 

1st support: 40,656.66

Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once again.

1st resistance: 43,014.27

Supporting reasons: Identified as an overlap resistance that aligns close to the 50% Fibonacci retrtacement, indicating a potential area that could halt any further upward movement.

DE40 (DAX):

Potential Direction: Bullish
Overall momentum of the chart: Bearish

Price could fall towards the pivot and potentially make a bullish bounce off this level to rise towards the 1st resistance.

Pivot: 22,884.11

Supporting reasons: Identified as a pullback support, indicating a potential area where buying interests could pick up to stage a rebound.

1st support: 22,267.92

Supporting reasons: Identified as a multi swing low support, indicating a key level where the price could stabilize once more.

1st resistance: 23,476.03
Supporting reasons: Identified as a swing-high resistance, indicating a potential area that could halt any further upward movement.

US500 (S&P 500): 

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price could rise towards the pivot and potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 5,771.52

Supporting reasons: Identified as a pullback resistance, indicating a potential area where selling pressures could intensify. 

1st support: 5,605.36

Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once again.

1st resistance: 5,921.20

Supporting reasons: Identified as a pullback resistance that aligns close to the 61.8% Fibonacci retracement, indicating a potential area that could halt any further upward movement.

BTC/USD (Bitcoin):

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Pricecould potentially make a bearish continuation toward the 1st support.

Pivot: 85,416.42
Supporting reasons: Identified as an overlap resistance that aligns with the 50% Fibonacci retracement, indicating a potential area where selling pressures could intensify.

1st support: 78.021.36
Supporting reasons: Identified as a swing low support, indicating a potential level where the price could stabilize once more.

1st resistance: 90,136.13
Supporting reasons: Identified as a pullback resistance, indicating a potential area that could halt any further upward movement.

ETH/USD (Ethereum):

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price is rising towards the pivot and it could potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 2,046.05
Supporting reasons: Identified as a pullback resistance tha taligns close to the 50% Fibonacci retracement, indicating a potential area where selling pressures could intensify..

1st support: 1,750.14
Supporting reasons: Identified as a swing-low support, indicating a potential level where the price could stabilize once again.

1st resistance: 2,265.16
Supporting reasons: Identified as an overlap resistance, indicating a potential area that could halt any further upward movement.

WTI/USD (Oil):

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price could make a bearish contination toward the 1st support.

Pivot: 68.92

Supporting reasons: Identified as a pullback resistance that aligns close to the 23.6% Fibonacci retracement, indicating a potential area where selling pressures could intensify. 

1st support: 65.59
Supporting reasons: Identified as a multi-swing-low support, indicating a key level where the price could stabilize once more.

1st resistance: 71.30
Supporting reasons: Identified as an overlap resistance that aligns with the 38.2% Fibonacci retracement, indicating a potential area that could halt any further upward movement.

XAU/USD (GOLD):

Potential Direction: Bearish
Overall momentum of the chart: Bullish
Price could potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 3033.45
Supporting reasons: Identified as a swing high resistance that aligns with the 161.8% Fibonacci extension, indicating a potential area where selling pressures could intensify.

1st support: 2958.66
Supporting reasons: Identified as a pullback support that aligns with the 50% Fibonacci retracement, acting as a potential level where price could stabilize once again.

1st resistance: 3080.51
Supporting reasons: Identified as a resistance that aligns with the 200% Fibonacci extension, indicating a potential area that could halt any further upward movement.

The accuracy, completeness and timeliness of the information contained on this site cannot be guaranteed. IC Markets does not warranty, guarantee or make any representations, or assume any liability regarding financial results based on the use of the information in the site.

News, views, opinions, recommendations and other information obtained from sources outside of www.icmarkets.com, used in this site are believed to be reliable, but we cannot guarantee their accuracy or completeness. All such information is subject to change at any time without notice. IC Markets assumes no responsibility for the content of any linked site.

The fact that such links may exist does not indicate approval or endorsement of any material contained on any linked site. IC Markets is not liable for any harm caused by the transmission, through accessing the services or information on this site, of a computer virus, or other computer code or programming device that might be used to access, delete, damage, disable, disrupt or otherwise impede in any manner, the operation of the site or of any user’s software, hardware, data or property. 

The post Wednesday 19th March 2025: Technical Outlook and Review first appeared on IC Markets | Official Blog.

Potential Direction: Bullish

Overall momentum of the chart: Bearish

Price could potentially make a bullish continuation toward the 1st resistance.

Pivot: 103.41
Supporting reasons: Identified as an overlap support, indicating a potential area where buying interests could pick up to resume the uptrend.

1st support: 102.20
Supporting reasons: Identified as an overlap support, indicating a potential area where the price could stabilize once again.

1st resistance: 105.32
Supporting reasons: Identified as a pullback resistance that aligns close to the 50% Fibonacci retracement, indicating a potential level that could cap further upward movement.

EUR/USD:

Potential Direction: Bearish

Overall momentum of the chart: Bullish

Price could potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 1.0930
Supporting reasons: Identified as a multi swing high resistance, indicating a potential area where selling pressures could intensify.

1st support: 1.0766
Supporting reasons: Identified as a pullback support that aligns close to the 38.2% Fibonacci retracement, indicating a potential area where the price could stabilize once more.

1st resistance: 1.1100
Supporting reasons: Identified as a multi-swing high resistance, indicating a potential area that could halt any further upward movement.

EUR/JPY:

Potential Direction: Bullish
Overall momentum of the chart: Bullish

Price could potentially make a bullish continuation toward the 1st resistance

Pivot: 161.78
Supporting reasons: Identified as an overlap support, indicating a potential area where price could rebound

1st support: 159.17
Supporting reasons: Identified as an overlap support, indicating a potential area where the price could stabilize once again.

1st resistance: 164.74
Supporting reasons: Identified as a multi-swing high resistance, indicating a potential area that could halt any further upward movement.

EUR/GBP:

Potential Direction: Bearish
Overall momentum of the chart: Bullish

Price is rising towards the pivot and it could potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 0.8435
Supporting reasons: Identified as an overlap resistance, indicating a potential area where selling pressures could intensify.

1st support: 0.8356
Supporting reasons: Identified as a pullback support that aligns close to the 50% Fibonacci retracement and the 100% Fibonacci projection, indicating a potential area where the price could stabilize once more.

1st resistance: 0.8472
Supporting reasons: Identified as a swing high resistance, indicating a potential level that could cap further upward movement.

GBP/USD:

Potential Direction: Bearish
Overall momentum of the chart: Bullish

Price could potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 1.3046

Supporting reasons: Identified as a mulit swing high resistance, indicating a potential area where selling pressures could intensify.

1st support: 1.2810
Supporting reasons: Identified as a pullback support that aligns with the 23.6% Fibonacci retracement, acting as a potential level where the price could stabilize once again.

1st resistance: 1.3237
Supporting reasons: Identified as an overlap resistance, indicating a potential level that could cap further upward movement.

GBP/JPY:

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price is rising towards the pivot and it could potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 194.69
Supporting reasons: Identified as an overlap resistance that aligns close to the 100% Fibonacci projection, indicating a potential area where selling pressures could intensify.

1st support: 191.28
Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once more.

1st resistance: 107.27
Supporting reasons: Identified as an overlap resistance, indicating a potential level that could cap further upward movement.

USD/CHF:

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price is rising towards the pivot and it could potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 0.89868

Supporting reasons: Identified as an overlap resistance, indicating a potential area where selling pressures could intensify

1st support: 0.8772
Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once again.

1st resistance: 0.8921
Supporting reasons: Identified as an overlap resistance that aligns close to the38.2% Fibonacci retracement, indicating a potential level that could cap further upward movement.

USD/JPY:

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price is rising towards the pivot and it could potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 1510.10
Supporting reasons: Identified as an overlap resistance that aligns with the 78.6% Fibonacci retracement, indicating a potential area where selling pressures could intensify.

1st support: 148.26
Supporting reasons: Identified as an overlap support, suggesting a potential area where the price could stabilize once more.

1st resistance: 151.39
Supporting reasons: Identified as an overlap resistance, indicating a potential level that could cap further upward movement.

USD/CAD:

Potential Direction: Bearish

Overall momentum of the chart: Bullish

Price could potentially make a bearish continuation toward the 1st support

Pivot: 1.4514

Supporting reasons: Identified as an overlap resistance that aligns with the 50% Fibonacci retracement, indicating a potential area where selling pressures could intensify.

1st support: 1.4240
Supporting reasons: Identified as an overlap support, indicating a key level where the price could stabilize once more.

1st resistance: 1.4752
Supporting reasons: Identified as a swing-high resistance, indicating a potential area that could halt any further upward movement.

AUD/USD:

Potential Direction: Bullish

Overall momentum of the chart: Bearish

Price could fall towards the pivot and potentially make a bullish bounce off this level to rise towards the 1st resistance.

Pivot: 70.6330

Supporting reasons: Identified as a pullback support, indicating a potential area where buying interests could pick up to stage a rebound.

1st support: 0.6253

Supporting reasons: Identified as a pullback support, suggesting a potential area where the price could stabilize once again.

1st resistance: 0.6403
Supporting reasons: Identified as a swing high resistance, indicating a potential area that could halt any further upward movement.

NZD/USD

Potential Direction: Bearish

Overall momentum of the chart: Neutral

Price is rising towards the pivot and it could potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 0.5829

Supporting reasons: Identified as a pullback resistance that aligns close to the 127.2 Fibonacci extension, indicating a potential area where selling pressures could intensify.

1st support: 0.5771

Supporting reasons: Identified as a pullback support, suggesting a potential area where the price could stabilize once more.

1st resistance: 0.5891

Supporting reasons: Identified as a resistance that aligns with  the 161.8% Fibonacci extension, indicating a potential area that could halt any further upward movement.

US30 (DJIA):

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price could make a bearish reversal off this level to fall towards the 1st support.

Pivot:  42,007.78

Supporting reasons: Identified as a pullback resistance, indicating a potential area where selling pressures could intensify. 

1st support: 40,656.66

Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once again.

1st resistance: 43,014.27

Supporting reasons: Identified as an overlap resistance that aligns close to the 50% Fibonacci retrtacement, indicating a potential area that could halt any further upward movement.

DE40 (DAX):

Potential Direction: Bullish
Overall momentum of the chart: Bearish

Price could fall towards the pivot and potentially make a bullish bounce off this level to rise towards the 1st resistance.

Pivot: 22,743.27

Supporting reasons: Identified as a pullback support t that aligns with the 61.8% Fibonacci retracement,, indicating a potential area where buying interests could pick up to stage a rebound.

1st support: 22,267.92

Supporting reasons: Identified as a swing low support, indicating a key level where the price could stabilize once more.

1st resistance: 23,273.88
Supporting reasons: Identified as a swing-high resistance, indicating a potential area that could halt any further upward movement.

US500 (S&P 500): 

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price could rise towards the pivot and potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 5,773.62

Supporting reasons: Identified as a pullback resistance, indicating a potential area where selling pressures could intensify. 

1st support: 5,611.31

Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once again.

1st resistance: 5,925.38

Supporting reasons: Identified as a pullback resistance that aligns close to the 61.8% Fibonacci retracement, indicating a potential area that could halt any further upward movement.

BTC/USD (Bitcoin):

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price is rising towards the pivot and it could potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 85,416.42
Supporting reasons: Identified as an overlap resistance, indicating a potential area where selling pressures could intensify.

1st support: 80,172.46
Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once more.

1st resistance: 90,136.13
Supporting reasons: Identified as a pullback resistance that aligns close to the 100% Fibonacci projection, indicating a potential area that could halt any further upward movement.

ETH/USD (Ethereum):

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price is rising towards the pivot and it could potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 2,046.05
Supporting reasons: Identified as a pullback resistance tha taligns close to the 50% Fibonacci retracement, indicating a potential area where selling pressures could intensify..

1st support: 1,750.14
Supporting reasons: Identified as a swing-low support, indicating a potential level where the price could stabilize once again.

1st resistance: 2,265.16
Supporting reasons: Identified as an overlap resistance, indicating a potential area that could halt any further upward movement.

WTI/USD (Oil):

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price could rise towards the pivot and potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 68.92

Supporting reasons: Identified as a pullback resistance that aligns close to the 23.6% Fibonacci retracement, indicating a potential area where selling pressures could intensify. 

1st support: 65.59
Supporting reasons: Identified as a multi-swing-low support, indicating a key level where the price could stabilize once more.

1st resistance: 71.30
Supporting reasons: Identified as an overlap resistance that aligns close to the 38.2% Fibonacci retracement, indicating a potential area that could halt any further upward movement.

XAU/USD (GOLD):

Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price could fall towards the pivot and potentially make a bullish bounce off this level to rise towards the 1st resistance.

Pivot: 2954.69

Supporting reasons: Identified as a pullback support, indicating a potential area where buying interests could pick up to stage a rebound.

1st support: 2924.62
Supporting reasons: Identified as a pullback support t, acting as a potential level where price could stabilize once again.

1st resistance: 3033.45
Supporting reasons: Identified as a resistance that aligns with the 161.8% Fibonacci extension, indicating a potential area that could halt any further upward movement.

The accuracy, completeness and timeliness of the information contained on this site cannot be guaranteed. IC Markets does not warranty, guarantee or make any representations, or assume any liability regarding financial results based on the use of the information in the site.

News, views, opinions, recommendations and other information obtained from sources outside of www.icmarkets.com, used in this site are believed to be reliable, but we cannot guarantee their accuracy or completeness. All such information is subject to change at any time without notice. IC Markets assumes no responsibility for the content of any linked site.

The fact that such links may exist does not indicate approval or endorsement of any material contained on any linked site. IC Markets is not liable for any harm caused by the transmission, through accessing the services or information on this site, of a computer virus, or other computer code or programming device that might be used to access, delete, damage, disable, disrupt or otherwise impede in any manner, the operation of the site or of any user’s software, hardware, data or property. 

The post Tuesday 18th March 2025: Technical Outlook and Review first appeared on IC Markets | Official Blog.

Potential Direction: Bullish

Overall momentum of the chart: Bearish

Price could potentially make a bullish continuation toward the 1st resistance.

Pivot: 103.41
Supporting reasons: Identified as an overlap support, indicating a potential area where buying interests could pick up to resume the uptrend.

1st support: 101.80
Supporting reasons: Identified as an overlap support, indicating a potential area where the price could stabilize once again.

1st resistance: 105.68
Supporting reasons: Identified as a pullback resistance that aligns close to the 61.8% Fibonacci retracement, indicating a potential level that could cap further upward movement.

EUR/USD:

Potential Direction: Bearish

Overall momentum of the chart: Bullish

Price is rising towards the pivot and it could potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 1.0984
Supporting reasons: Identified as a pullback resistance that aligns with the 78.6% Fibonacci retracement, indicating a potential area where selling pressures could intensify.

1st support: 1.0674
Supporting reasons: Identified as a pullback support, indicating a potential area where the price could stabilize once more.

1st resistance: 1.1212
Supporting reasons: Identified as a multi swing high resistance, indicating a potential area that could halt any further upward movement.

EUR/JPY:

Potential Direction: Bullish
Overall momentum of the chart: Bullish

Price could potentially make a bullish continuation toward the 1st resistance

Pivot: 160.28
Supporting reasons: Identified as an overlap support, indicating a potential area where price could rebound

1st support: 154.68
Supporting reasons: Identified as a multi swing low support, indicating a potential area where the price could stabilize once again.

1st resistance: 168.34
Supporting reasons: Identified as an overlap resistance that aligns close to the 61.8% Fibonacci retracement, indicating a potential area that could halt any further upward movement.

EUR/GBP:

Potential Direction: Bullish
Overall momentum of the chart: Bullish

Price could potentially make a bullish continuation toward the 1st resistance

Pivot: 0.8360
Supporting reasons: Identified as a pullback support, indicating a potential area where price could rebound

1st support: 0.8297
Supporting reasons: Identified as a pullback support, indicating a potential area where the price could stabilize once more.

1st resistance: 0.8497
Supporting reasons: Identified as a pullback resistance that aligns close to the 61.8% Fibonacci retracement, indicating a potential level that could cap further upward movement.

GBP/USD:

Potential Direction: Bullish
Overall momentum of the chart: Bullish

Price could potentially drop further to the pivot in the short term before bouncing from there and rising to the 1st resistance.

Pivot: 1.2780
Supporting reasons: Identified as a pullback support that aligns close to the 23.6% Fibonacci retracement, indicating a potential area where price could rebound

1st support: 1.2539
Supporting reasons: Identified as a pullback support that aligns with the 50% Fibonacci retracement, acting as a potential level where the price could stabilize once again.

1st resistance: 1.3045
Supporting reasons: Identified as an overlap resistance that aligns with the 127.2% Fibonacci extension, indicating a potential level that could cap further upward movement.

GBP/JPY:

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price is rising towards the pivot and it could potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 194.76
Supporting reasons: Identified as an overlap resistance that aligns with the 61.8% Fibonacci retracement, indicating a potential area where selling pressures could intensify.

1st support: 188.33
Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once more.

1st resistance: 199.70
Supporting reasons: Identified as a multi swing high resistance, indicating a potential level that could cap further upward movement.

USD/CHF:

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price is rising towards the pivot and it could potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 0.8915

Supporting reasons: Identified as an overlap resistance that aligns close to the 38.2% Fibonacci retracement, indicating a potential area where selling pressures could intensify

1st support: 0.8746
Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once again.

1st resistance: 0.9023
Supporting reasons: Identified as an overlap resistance that aligns close to the 61.8% Fibonacci retracement, indicating a potential level that could cap further upward movement.

USD/JPY:

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price is rising towards the pivot and it could potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 151.32
Supporting reasons: Identified as an overlap resistance that aligns with the 38.2% Fibonacci retracement, indicating a potential area where selling pressures could intensify.

1st support: 146.84
Supporting reasons: Identified as an overlap support, suggesting a potential area where the price could stabilize once more.

1st resistance: 154.40
Supporting reasons: Identified as an overlap resistance that aligns with the 61.8 Fibonacci retracement, indicating a potential level that could cap further upward movement.

USD/CAD:

Potential Direction: Bearish

Overall momentum of the chart: Bullish

Price could potentially make a bearish continuation toward the 1st support

Pivot: 1.4485

Supporting reasons: Identified as an overlap resistance that aligns with the 50% Fibonacci retracement, indicating a potential area where selling pressures could intensify.

1st support: 1.4149
Supporting reasons: Identified as a swing-low support, indicating a key level where the price could stabilize once more.

1st resistance: 1.4743
Supporting reasons: Identified as a swing-high resistance, indicating a potential area that could halt any further upward movement.

AUD/USD:

Potential Direction: Bearish

Overall momentum of the chart: Bearish

Price is rising towards the pivot and it could potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 0.6396

Supporting reasons: Identified as an overlap resistance that aligns close to the 38.2% Fibonacci retracement, indicating a potential area where selling pressures could intensify.

1st support: 0.6189

Supporting reasons: Identified as a swing low support, suggesting a potential area where the price could stabilize once again.

1st resistance: 0.6538
Supporting reasons: Identified as an overlap resistance that aligns close to the 50% Fibonacci retracement, indicating a potential area that could halt any further upward movement.

NZD/USD

Potential Direction: Bearish

Overall momentum of the chart: Neutral

Price is rising towards the pivot and it could potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 0.5861

Supporting reasons: Identified as a pullback resistance that aligns close to the 38.2% Fibonacci retracement, indicating a potential area where selling pressures could intensify.

1st support: 0.5685

Supporting reasons: Identified as an overlap support, suggesting a potential area where the price could stabilize once more.

1st resistance: 0.6045

Supporting reasons: Identified as a pullback resistance  that aligns close to the 61.8% Fibonacci retracement, indicating a potential area that could halt any further upward movement.

US30 (DJIA):

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price could rise towards the pivot and potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 41,805.74

Supporting reasons: Identified as a pullback resistance that aligns close to the 23.6% Fibonacci retracement,, indicating a potential area where selling pressures could intensify. 

1st support: 40,071.33

Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once again.

1st resistance: 43,257.81

Supporting reasons: Identified as a pullback resistance that aligns close to the 61.8% Fibonacci retrtacement, indicating a potential area that could halt any further upward movement.

DE40 (DAX):

Potential Direction: Bullish
Overall momentum of the chart: Bearish

Price could potentially make a bullish continuation toward the 1st resistance

Pivot: 22,190.12
Supporting reasons: Identified as a multi swing low support, indicating a potential area where price could rebound

1st support: 20,525.01

Supporting reasons: Identified as a pullback support that aligns with the 78.6% Fibonacci retracement, indicating a key level where the price could stabilize once more.

1st resistance: 23,464.80
Supporting reasons: Identified as a swing-high resistance, indicating a potential area that could halt any further upward movement.

US500 (S&P 500): 

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price could rise towards the pivot and potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 5,813.08

Supporting reasons: Identified as a pullback resistance that aligns close to the 50% Fibonacci retracement, indicating a potential area where selling pressures could intensify. 

1st support: 5,539.97

Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once again.

1st resistance: 6,141.78

Supporting reasons: Identified as a multi swing high resistance, indicating a potential area that could halt any further upward movement.

BTC/USD (Bitcoin):

Potential Direction: Bullish
Overall momentum of the chart: Bearish

Price could fall towards the pivot and potentially make a bullish bounce off this level to rise towards the 1st resistance.

Pivot: 73,711.41

Supporting reasons: Identified as a pullback support that aligns close to a 61.8% Fibonacci retracement indicating a potential area where buying interests could pick up to stage a rebound.

1st support: 66,232.15
Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once more.

1st resistance: 91,788.08
Supporting reasons: Identified as an overlap resistance, indicating a potential area that could halt any further upward movement.

ETH/USD (Ethereum):

Potential Direction: Bullish
Overall momentum of the chart: Bearish

Price could fall towards the pivot and potentially make a bullish bounce off this level to rise towards the 1st resistance.

Pivot: 1,746.34

Supporting reasons: Identified as a pullback support t that aligns close to the 100% Fibonacci projection, indicating a potential area where buying interests could pick up to stage a rebound.

1st support: 1,346.07
Supporting reasons: Identified as a multi-swing-low support, indicating a potential level where the price could stabilize once again.

1st resistance: 2,219.04
Supporting reasons: Identified as an overlap resistance, indicating a potential area that could halt any further upward movement.

WTI/USD (Oil):

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price could rise towards the pivot and potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 69.56

Supporting reasons: Identified as a pullback resistance that aligns close to the 23.6% Fibonacci retracement, indicating a potential area where selling pressures could intensify. 

1st support: 65.59
Supporting reasons: Identified as a multi-swing-low support, indicating a key level where the price could stabilize once more.

1st resistance: 72.96
Supporting reasons: Identified as an overlap resistance that aligns close to the 50% Fibonacci retracement, indicating a potential area that could halt any further upward movement.

XAU/USD (GOLD):

Potential Direction: Bullish
Overall momentum of the chart: Bullish
Price could fall towards the pivot and potentially make a bullish bounce off this level to rise towards the 1st resistance.

Pivot: 2954.69

Supporting reasons: Identified as a pullback support that aligns close to the 23.6% Fibonacci retracement, indicating a potential area where buying interests could pick up to stage a rebound.

1st support: 2921,69
Supporting reasons: Identified as a pullback support that aligns close to the 50% Fibonacci retracement, acting as a potential level where price could stabilize once again.

1st resistance: 2988.44
Supporting reasons: Identified as a swing high resistance that aligns with the 127.2% Fibonacci extension, indicating a potential area that could halt any further upward movement.

The accuracy, completeness and timeliness of the information contained on this site cannot be guaranteed. IC Markets does not warranty, guarantee or make any representations, or assume any liability regarding financial results based on the use of the information in the site.

News, views, opinions, recommendations and other information obtained from sources outside of www.icmarkets.com, used in this site are believed to be reliable, but we cannot guarantee their accuracy or completeness. All such information is subject to change at any time without notice. IC Markets assumes no responsibility for the content of any linked site.

The fact that such links may exist does not indicate approval or endorsement of any material contained on any linked site. IC Markets is not liable for any harm caused by the transmission, through accessing the services or information on this site, of a computer virus, or other computer code or programming device that might be used to access, delete, damage, disable, disrupt or otherwise impede in any manner, the operation of the site or of any user’s software, hardware, data or property. 

The post Monday 17th March 2025: Technical Outlook and Review first appeared on IC Markets | Official Blog.

Potential Direction: Bullish

Overall momentum of the chart: Bearish

Price could potentially make a bullish continuation toward the 1st resistance.

Pivot: 103.33
Supporting reasons: Identified as a pullback support, indicating a potential area where buying interests could pick up to resume the uptrend.

1st support: 102.37
Supporting reasons: Identified as an overlap support, indicating a potential area where the price could stabilize once again.

1st resistance: 105.43
Supporting reasons: Identified as a pullback resistance that aligns close to the 50% Fibonacci retracement, indicating a potential level that could cap further upward movement.

EUR/USD:

Potential Direction: Bullish

Overall momentum of the chart: Bullish

Price could potentially drop further to the pivot in the short term before bouncing from there and rising to the 1st resistance.

Pivot: 1.0765
Supporting reasons: Identified as an overlap support, indicating a potential area where price could rebound

1st support: 1.0636
Supporting reasons: Identified as a pullback support that aligns close to the 50% Fibonacci retracement, indicating a potential area where the price could stabilize once more.

1st resistance: 1.0937
Supporting reasons: Identified as a pullback resistance, indicating a potential area that could halt any further upward movement.

EUR/JPY:

Potential Direction: Bullish
Overall momentum of the chart: Bullish

Price could potentially make a bullish bounce off the pivot and rise toward the 1st resistance

Pivot: 160.50
Supporting reasons: Identified as an overlap support that aligns close to the 61.8% Fibonacci retrtacement, indicating a potential area where price could rebound

1st support: 159.18
Supporting reasons: Identified as an overlap support, indicating a potential area where the price could stabilize once again.

1st resistance: 163.21
Supporting reasons: Identified as a swing high resistance that aligns close to the 78.6% Fibonacci projection, indicating a potential area that could halt any further upward movement.

EUR/GBP:

Potential Direction: Bullish
Overall momentum of the chart: Bullish

Price could potentially make a bullish bounce off the pivot and rise toward the 1st resistance

Pivot: 0.8372
Supporting reasons: Identified as a pullback support that aligns with the 38.2% Fibonacci retracement, indicating a potential area where price could rebound

1st support: 0.8336
Supporting reasons: Identified as a pullback support, indicating a potential area where the price could stabilize once more.

1st resistance: 0.8427
Supporting reasons: Identified as a pullback resistance, indicating a potential level that could cap further upward movement.

GBP/USD:

Potential Direction: Bullish
Overall momentum of the chart: Bullish

Price could potentially drop further to the pivot in the short term before bouncing from there and rising to the 1st resistance.

Pivot: 1.2811
Supporting reasons: Identified as a pullback support that aligns close to the 38.2% Fibonacci retracement, indicating a potential area where price could rebound

1st support: 1.2690
Supporting reasons: Identified as a pullback support that aligns close to the 61.8% Fibonacci retracement, acting as a potential level where the price could stabilize once again.

1st resistance: 1.2980
Supporting reasons: Identified as an overlap resistance, indicating a potential level that could cap further upward movement.

GBP/JPY:

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price is rising towards the pivot and it could potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 193.01
Supporting reasons: Identified as an overlap resistance, indicating a potential area where selling pressures could intensify.

1st support: 191.03
Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once more.

1st resistance: 194.60
Supporting reasons: Identified as an overlap resistance that aligns with the 161.8% Fibonacci extension, indicating a potential level that could cap further upward movement.

USD/CHF:

Potential Direction: Bullish
Overall momentum of the chart: Bearish

 Price could potentially make a bullish continuation toward the 1st resistance.

Pivot: 0.8776
Supporting reasons: Identified as an overlap support, indicating a potential area where price could rebound

1st support: 0.8699
Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once again.

1st resistance: 0.8864
Supporting reasons: Identified as a pullback resistance, indicating a potential level that could cap further upward movement.

USD/JPY:

Potential Direction: Bullish
Overall momentum of the chart: Bearish

Price could potentially make a bullish continuation toward the 1st resistance.

Pivot: 146.48
Supporting reasons: Identified as a pullback support that aligns with the 78.6% Fibonacci projection, indicating a potential area where price could rebound

1st support: 144.74
Supporting reasons: Identified as a pullback support that aligns with the 100% Fibonacci projection, suggesting a potential area where the price could stabilize once more.

1st resistance: 150.06
Supporting reasons: Identified as an overlap resistance that aligns close to the 78.6% Fibonacci retracement, indicating a potential level that could cap further upward movement.

USD/CAD:

Potential Direction: Bullish

Overall momentum of the chart: Bullish

Price could potentially make a bullish continuation toward the 1st resistance.

Pivot: 1.4354

Supporting reasons:  Identified as a swing-low support that aligns close to a 61.8% Fibonacci retracement, indicating a potential area where buying interests could pick up to stage a rebound.

1st support: 1.4283
Supporting reasons: Identified as a swing-low support, indicating a key level where the price could stabilize once more.

1st resistance: 1.4525
Supporting reasons: Identified as a multi-swing-high resistance that aligns close to a 61.8% Fibonacci projection, indicating a potential area that could halt any further upward movement.

AUD/USD:

Potential Direction: Bearish

Overall momentum of the chart: Bearish

Price is rising towards the pivot and it could potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 0.6355

Supporting reasons: Identified as an overlap resistance that aligns close to a 78.6% Fibonacci retracement, indicating a potential area where selling pressures could intensify.

1st support: 0.6246

Supporting reasons: Identified as an overlap support that aligns close to a 61.8% Fibonacci retracement, suggesting a potential area where the price could stabilize once again.

1st resistance: 0.6402
Supporting reasons: Identified as a swing-high resistance, indicating a potential area that could halt any further upward movement.

NZD/USD

Potential Direction: Bearish

Overall momentum of the chart: Neutral

Price is rising towards the pivot and it could potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 0.5742

Supporting reasons: Identified as a multi-swing-high resistance, indicating a potential area where selling pressures could intensify.

1st support: 0.5677

Supporting reasons: Identified as a multi-swing-low support that aligns close to a 50% Fibonacci retracement, suggesting a potential area where the price could stabilize once more.

1st resistance: 0.5772

Supporting reasons: Identified as a swing-high resistance, indicating a potential area that could halt any further upward movement.

US30 (DJIA):

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price could rise towards the pivot and potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 41,666.83

Supporting reasons: Identified as an overlap resistance, indicating a potential area where selling pressures could intensify. 

1st support: 40,592.09

Supporting reasons: Identified as a swing-low support that aligns close to the 127.2% Fibonacci extension, indicating a potential level where the price could stabilize once again.

1st resistance: 42,201.17

Supporting reasons: Identified as a pullback resistance, indicating a potential area that could halt any further upward movement.

DE40 (DAX):

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price could rise towards the pivot and could potentially make a bearish reversal off this level to pull back towards the 1st support.

Pivot: 22,862.65

Supporting reasons: Identified as an overlap resistance that aligns with a 50% Fibonacci retracement, indicating a potential area where selling pressures could intensify.

1st support: 22,163.30

Supporting reasons: Identified as a swing-low support, indicating a key level where the price could stabilize once more.

1st resistance: 23,311.00
Supporting reasons: Identified as a multi-swing-high resistance that aligns close to the all-time high, indicating a potential area that could halt any further upward movement.

US500 (S&P 500): 

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price could rise towards the pivot and potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 5,650.40

Supporting reasons: Identified as an overlap resistance, indicating a potential area where selling pressures could intensify. 

1st support: 5,505.65

Supporting reasons: Identified as an overlap support that aligns close to the 127.2% Fibonacci extension, indicating a potential level where the price could stabilize once again.

1st resistance: 5,770.00

Supporting reasons: Identified as an overlap resistance, indicating a potential area that could halt any further upward movement.

BTC/USD (Bitcoin):

Potential Direction: Bullish
Overall momentum of the chart: Bearish

Price could fall towards the pivot and potentially make a bullish bounce off this level to rise towards the 1st resistance.

Pivot: 78,488.77

Supporting reasons: Identified as a multi-swing-low support, indicating a potential area where buying interests could pick up to stage a rebound.

1st support: 73,794.22
Supporting reasons: Identified as a pullback support that aligns close to a 61.8% Fibonacci projection, indicating a potential level where the price could stabilize once more.

1st resistance: 86,859.74
Supporting reasons: Identified as an overlap resistance that aligns close to a 61.8% Fibonacci retracement, indicating a potential area that could halt any further upward movement.

ETH/USD (Ethereum):

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price could rise towards the pivot and potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 2,022.91

Supporting reasons: Identified as a pullback resistance that aligns with a confluence of Fibonacci levels i.e. the 23.6% and 38.2% retracements, indicating a potential area where selling pressures could intensify. 

1st support: 1,749.90
Supporting reasons: Identified as a multi-swing-low support, indicating a potential level where the price could stabilize once again.

1st resistance: 2,304.82
Supporting reasons: Identified as a swing-high resistance that aligns with a 50% Fibonacci retracement, indicating a potential area that could halt any further upward movement.

WTI/USD (Oil):

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price could rise towards the pivot and potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 68.48

Supporting reasons: Identified as an overlap resistance that aligns close to a 38.2% Fibonacci retracement, indicating a potential area where selling pressures could intensify. The presence of the descending channel and the red Ichimoku Cloud add further significance to the strength of the bearish momentum.

1st support: 65.64
Supporting reasons: Identified as a multi-swing-low support, indicating a key level where the price could stabilize once more.

1st resistance: 70.34
Supporting reasons: Identified as a multi-swing-high resistance that aligns close to a 61.8% Fibonacci retracement, indicating a potential area that could halt any further upward movement.

XAU/USD (GOLD):

Potential Direction: Bearish
Overall momentum of the chart: Bullish
Price could potentially make a bearish reversal off the pivot and fall towards the 1st support.

Pivot: 2989.12
Supporting reasons: Identified as a resistance that aligns with the 127.2% Fibonacci extension, indicating a potential area where selling pressure could intensify.

1st support: 2955.69
Supporting reasons: Identified as a pullback support, acting as a potential level where price could stabilize once again.

1st resistance: 3031.37
Supporting reasons: Identified as a resistance that aligns with the 161.8% Fibonacci extension, indicating a potential area that could halt any further upward movement.

The accuracy, completeness and timeliness of the information contained on this site cannot be guaranteed. IC Markets does not warranty, guarantee or make any representations, or assume any liability regarding financial results based on the use of the information in the site.

News, views, opinions, recommendations and other information obtained from sources outside of www.icmarkets.com, used in this site are believed to be reliable, but we cannot guarantee their accuracy or completeness. All such information is subject to change at any time without notice. IC Markets assumes no responsibility for the content of any linked site.

The fact that such links may exist does not indicate approval or endorsement of any material contained on any linked site. IC Markets is not liable for any harm caused by the transmission, through accessing the services or information on this site, of a computer virus, or other computer code or programming device that might be used to access, delete, damage, disable, disrupt or otherwise impede in any manner, the operation of the site or of any user’s software, hardware, data or property. 

The post Friday 14th March 2025: Technical Outlook and Review first appeared on IC Markets | Official Blog.

Potential Direction: Bullish

Overall momentum of the chart: Bearish

Price could potentially make a bullish continuation toward the 1st resistance.

Pivot: 103.73
Supporting reasons: Identified as a pullback support, indicating a potential area where buying interests could pick up to resume the uptrend.

1st support: 102.37
Supporting reasons: Identified as a pullback support that aligns with a confluence of Fibonacci levels i.e. the 78.6% retracement and the 161.8% extension, indicating a potential area where the price could stabilize once again.

1st resistance: 105.43
Supporting reasons: Identified as a pullback resistance that aligns close to the 50% Fibonacci retracement, indicating a potential level that could cap further upward movement.

EUR/USD:

Potential Direction: Bullish

Overall momentum of the chart: Bullish

Price could potentially drop further to the pivot in the short term before bouncing from there and rising to the 1st resistance.

Pivot: 1.0765
Supporting reasons: Identified as a pullback support that aligns with the 23.6% Fibonacci retracement, indicating a potential area where price could rebound

1st support: 1.0636
Supporting reasons: Identified as a pullback support that aligns close to the 50% Fibonacci retracement, indicating a potential area where the price could stabilize once more.

1st resistance: 1.0937
Supporting reasons: Identified as a pullback resistance, indicating a potential area that could halt any further upward movement.

EUR/JPY:

Potential Direction: Bullish
Overall momentum of the chart: Bullish

Price could potentially make a bullish bounce off the pivot and rise toward the 1st resistance

Pivot: 161.14
Supporting reasons: Identified as a pullback support, indicating a potential area where price could rebound

1st support: 159.18
Supporting reasons: Identified as an overlap support, indicating a potential area where the price could stabilize once again.

1st resistance: 163.69
Supporting reasons: Identified as a swing high resistance that aligns close to the 78.6% Fibonacci projection, indicating a potential area that could halt any further upward movement.

EUR/GBP:

Potential Direction: Bullish
Overall momentum of the chart: Bullish

Price could potentially make a bullish bounce off the pivot and rise toward the 1st resistance

Pivot: 0.8388
Supporting reasons: Identified as a pullback support, indicating a potential area where price could rebound

1st support: 0.8355
Supporting reasons: Identified as an overlap support, indicating a potential area where the price could stabilize once more.

1st resistance: 0.8447
Supporting reasons: Identified as a swing high resistance, indicating a potential level that could cap further upward movement.

GBP/USD:

Potential Direction: Bullish
Overall momentum of the chart: Bullish

Price could potentially drop further to the pivot in the short term before bouncing from there and rising to the 1st resistance.

Pivot: 1.2811
Supporting reasons: Identified as a pullback support that aligns close to the 38.2% Fibonacci retracement, indicating a potential area where price could rebound

1st support: 1.2689
Supporting reasons: Identified as a pullback support that aligns close to the 61.8% Fibonacci retracement, acting as a potential level where the price could stabilize once again.

1st resistance: 1.2980
Supporting reasons: Identified as an overlap resistance, indicating a potential level that could cap further upward movement.

GBP/JPY:

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price could potentially make a bearish continuation toward the 1st support

Pivot: 193.15
Supporting reasons: Identified as an overlap resistance, indicating a potential area where selling pressures could intensify.

1st support: 191.03
Supporting reasons: Identified as a pullback support, indicating a potential level where the price could stabilize once more.

1st resistance: 194.60
Supporting reasons: Identified as an overlap resistance that aligns with the 161.8% Fibonacci extension, indicating a potential level that could cap further upward movement.

USD/CHF:

Potential Direction: Bullish
Overall momentum of the chart: Bearish

 Price could potentially make a bullish continuation toward the 1st resistance.

Pivot: 0.8776
Supporting reasons: Identified as an overlap support, indicating a potential area where price could rebound

1st support: 0.8699
Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once again.

1st resistance: 0.8857
Supporting reasons: Identified as a pullback resistance, indicating a potential level that could cap further upward movement.

USD/JPY:

Potential Direction: Bullish
Overall momentum of the chart: Bearish

Price could potentially make a bullish continuation toward the 1st resistance.

Pivot: 146.48
Supporting reasons: Identified as a pullback support that aligns with the 78.6% Fibonacci projection, indicating a potential area where price could rebound

1st support: 144.74
Supporting reasons: Identified as a pullback support that aligns with the 100% Fibonacci projection, suggesting a potential area where the price could stabilize once more.

1st resistance: 150.06
Supporting reasons: Identified as an overlap resistance that aligns close to the 78.6% Fibonacci retracement, indicating a potential level that could cap further upward movement.

USD/CAD:

Potential Direction: Bullish

Overall momentum of the chart: Neutral

Price could fall towards the pivot and potentially make a bullish bounce off this level to rise towards the 1st resistance.

Pivot: 1.4354

Supporting reasons:  Identified as a swing-low support that aligns close to a 61.8% Fibonacci retracement, indicating a potential area where buying interests could pick up to stage a rebound.

1st support: 1.4283
Supporting reasons: Identified as a swing-low support that aligns with a 78.6% Fibonacci projection, indicating a key level where the price could stabilize once more.

1st resistance: 1.4525
Supporting reasons: Identified as a multi-swing-high resistance that aligns close to a 61.8% Fibonacci retracement, indicating a potential area that could halt any further upward movement.

AUD/USD:

Potential Direction: Bearish

Overall momentum of the chart: Neutral

Price is rising towards the pivot and it could potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 0.6353

Supporting reasons: Identified as a swing-high resistance that aligns close to a 78.6% Fibonacci retracement, indicating a potential area where selling pressures could intensify.

1st support: 0.6246

Supporting reasons: Identified as an overlap support that aligns close to a 61.8% Fibonacci retracement, suggesting a potential area where the price could stabilize once again.

1st resistance: 0.6401
Supporting reasons: Identified as a swing-high resistance, indicating a potential area that could halt any further upward movement.

NZD/USD

Potential Direction: Bearish

Overall momentum of the chart: Neutral

Price is rising towards the pivot and it could potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 0.5742

Supporting reasons: Identified as a multi-swing-high resistance, indicating a potential area where selling pressures could intensify.

1st support: 0.5677

Supporting reasons: Identified as a multi-swing-low support that aligns close to a 50% Fibonacci retracement, suggesting a potential area where the price could stabilize once more.

1st resistance: 0.5772

Supporting reasons: Identified as a swing-high resistance, indicating a potential area that could halt any further upward movement.

US30 (DJIA):

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price could rise towards the pivot and potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 42,011.50

Supporting reasons: Identified as a swing-high resistance that aligns close to a 38.2% Fibonacci retracement, indicating a potential area where selling pressures could intensify. The presence of a red Ichimoku Cloud adds further significance to the strength of the bearish momentum.

1st support: 41,088.10

Supporting reasons: Identified as a swing-low support, indicating a potential level where the price could stabilize once again.

1st resistance: 42,451.59

Supporting reasons: Identified as a pullback resistance that aligns close to a 50% Fibonacci retracement, indicating a potential area that could halt any further upward movement.

DE40 (DAX):

Potential Direction: Bearish
Overall momentum of the chart: Neutral

Price could rise towards the pivot and could potentially make a bearish reversal off this level to pull back towards the 1st support.

Pivot: 22,862.65

Supporting reasons: Identified as an overlap resistance that aligns with a 50% Fibonacci retracement, indicating a potential area where selling pressures could intensify.

1st support: 22,163.30

Supporting reasons: Identified as a swing-low support, indicating a key level where the price could stabilize once more.

1st resistance: 23,311.00
Supporting reasons: Identified as a multi-swing-high resistance that aligns close to the all-time high, indicating a potential area that could halt any further upward movement.

US500 (S&P 500): 

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price could rise towards the pivot and potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 5,650.40

Supporting reasons: Identified as an overlap resistance that aligns close to a 23.6% Fibonacci retracement, indicating a potential area where selling pressures could intensify. The presence of a red Ichimoku Cloud adds further significance to the strength of the bearish momentum.

1st support: 5,494.50

Supporting reasons: Identified as an overlap support, indicating a potential level where the price could stabilize once again.

1st resistance: 5,770.00

Supporting reasons: Identified as an overlap resistance that aligns close to a 50% Fibonacci retracement, indicating a potential area that could halt any further upward movement.

BTC/USD (Bitcoin):

Potential Direction: Bullish
Overall momentum of the chart: Bearish

Price could fall towards the pivot and potentially make a bullish bounce off this level to rise towards the 1st resistance.

Pivot: 78,488.77

Supporting reasons: Identified as a multi-swing-low support, indicating a potential area where buying interests could pick up to stage a rebound.

1st support: 73,304.38
Supporting reasons: Identified as a pullback support that aligns close to a 61.8% Fibonacci projection, indicating a potential level where the price could stabilize once more.

1st resistance: 86,859.74
Supporting reasons: Identified as an overlap resistance that aligns close to a 61.8% Fibonacci retracement, indicating a potential area that could halt any further upward movement.

ETH/USD (Ethereum):

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price could rise towards the pivot and potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 2,022.91

Supporting reasons: Identified as a pullback resistance that aligns with a confluence of Fibonacci levels i.e. the 23.6% and 38.2% retracements, indicating a potential area where selling pressures could intensify. The presence of a red Ichimoku Cloud adds further significance to the strength of the bearish momentum.

1st support: 1,524.27
Supporting reasons: Identified as a multi-swing-low support, indicating a potential level where the price could stabilize once again.

1st resistance: 2,304.82
Supporting reasons: Identified as a swing-high resistance that aligns with a 50% Fibonacci retracement, indicating a potential area that could halt any further upward movement.

WTI/USD (Oil):

Potential Direction: Bearish
Overall momentum of the chart: Bearish

Price could rise towards the pivot and potentially make a bearish reversal off this level to fall towards the 1st support.

Pivot: 68.48

Supporting reasons: Identified as an overlap resistance that aligns close to a 38.2% Fibonacci retracement, indicating a potential area where selling pressures could intensify. The presence of the descending channel and the red Ichimoku Cloud add further significance to the strength of the bearish momentum.

1st support: 65.64
Supporting reasons: Identified as a multi-swing-low support, indicating a key level where the price could stabilize once more.

1st resistance: 70.34
Supporting reasons: Identified as a multi-swing-high resistance that aligns close to a 61.8% Fibonacci retracement, indicating a potential area that could halt any further upward movement.

XAU/USD (GOLD):

Potential Direction: Bearish
Overall momentum of the chart: Bullish
Price could rise towards the pivot and make a bearish reversal off this level to fall towards the 1st support.

Pivot: 2945.50
Supporting reasons: Identified as a pullback resistance that aligns close to the 127.2% Fibonacci retracement, indicating a potential area where selling pressure could intensify.

1st support: 2913.51
Supporting reasons: Identified as an overlap support, acting as a potential level where price could stabilize once again.

1st resistance: 2964.64
Supporting reasons: Identified as a resistance that aligns with the 161.8% Fibonacci extension, indicating a potential area that could halt any further upward movement.

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