Market analysis from IC Markets

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USDCHF has just bounced off the pivot point and could potentially rise toward the swing high resistance level Alternatively, if price breaks below the pivot, the overlap support could continue to fall to support, close to the 78.6% Fibonacci retracement. Pivot: 0.9089 Support: 0.9024 Resistance: 0.9148 Risk Warning: Trading Forex and CFDs carries a high level...

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GBPUSD is rising toward the pivot point close to the 38.2% Fibonacci retracement and could potentially fall to a support level. Alternatively, if price breaks above the pivot, it could continue to rise to a pullback resistance level Pivot: 1.2519 Support: 1.2430 Resistance: 1.2590 Risk Warning: Trading Forex and CFDs carries a high level of risk to your...

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EURUSD has just bounced off the pivot that aligns with the 161.8 Fibonacci extension and 100% Fibonacci projection Alternatively, if price breaks below the pivot, it could continue to fall to another overlap support level Pivot: 1.0618 Support: 1.0499 Resistance: 1.0707 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and...

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XAUUSD has reacted off the pivot that aligns with the 38.2% Fibonacci retracement and could fall to a multi-siwng low support. Alternatively, if price breaks above the pivot, it could continue to rise to the next resistance level Pivot: 2362.84 Support: 2326.19 Resistance:2404 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital...

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The DAX (DE40) is trading within a bearish channel and is rising towards the pivot which has been identified as a pullback resistance. Could this index stall around this level before potentially reversing to resume the downtrend? Pivot: 18,203.60 1st Support: 17,888.30 1st Resistance: 18,422.50 Risk Warning: Trading Forex and CFDs carries a high level of risk...

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Bitcoin (BTC/USD) is rising towards the pivot which has been identified as the all-time high. Could price stall around this level before potentially reversing to drop lower towards the 1st support? Pivot: 73,304.38 1st Support: 67,959.86 1st Resistance: 77,450.21 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should...

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The Kiwi (NZD/USD) has made a bearish reaction off the pivot which has been identified as a pullback resistance; this FX pair could potentially fall towards the 1st support. Pivot: 0.6007 1st Support: 0.5974 1st Resistance: 0.6042 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can...

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WTI oil (XTI/USD) has made a bullish reaction off the pivot and could potentially rise towards the 1st resistance. Pivot: 85.20 1st Support: 83.52 1st Resistance: 86.89 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for...

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USDJPY is falling toward a support level and could potentially bounce off a pullback support that aligns the 50% Fibonacci retracement and rises toward a swing high resistance Alternatively, if price breaks below the pivot, it could continue to fall to a swing low support level Pivot: 151.93 Support: 150.90 Resistance: 153.12 Risk Warning: Trading Forex and...

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XAUUSD is rising toward the pivot point and could potentially fall to an overlap support level Alternatively, if price breaks above the pivot, it could continue to rise to the multi swing high resistance level Pivot: 2347 Support: 2305 Resistance: 2364 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade...

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GBPUSD is rising toward the pivot point and could potentially fall to a support level that closes to the 127.2% Fibonacci extension Alternatively, if price breaks above the pivot, it could continue to rise to the next resistance level Pivot: 1.2588 Support: 1.2500 Resistance: 1.2670 Risk Warning: Trading Forex and CFDs carries a high level of risk to your...

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EURUSD is rising toward the pivot point that lines up with the 50% Fibonacci retracement and could potentially fall to a support level Alternatively, if price breaks above the pivot, it could continue to rise to the next resistance level Pivot: 1.0802 Support: 1.0731 Resistance: 1.0879 Risk Warning: Trading Forex and CFDs carries a high level of risk to your...

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DJIA (US30) could rise towards the pivot which has been identified as an overlap resistance. Could this index stall around this level before potentially reversing to drow lower towards the 1st support? Pivot: 39,042.57 1st Support: 38,560.25 1st Resistance: 39,412.72 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you...

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Ethereum (ETH/USD) has made a bullish breakout through the pivot. Could the bullish momentum potentially carry it higher towards the 1st resistance? Pivot: 3,661.29 1st Support: 3,260.75 1st Resistance: 3,927.31 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose....

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The Aussie (AUD/USD) is rising towards the pivot which has been identified as a pullback resistance. Could this FX pair stall around this level before potentially reversing to drow lower towards the 1st support? Pivot: 0.6616 1st Support: 0.6562 1st Resistance: 0.6639 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you...

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USD/CAD has made a bullish reaction off the pivot which has been identified as an overlap support; the bullish momentum could potentially carry it higher towards the 1st resistance. Pivot: 1.3571 1st Support: 1.3523 1st Resistance: 1.3611 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money...

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GBPJPY is currently at the pivot and could potentially fall to a pullback support level. Alternatively, if the price breaks above the pivot, it could continue to rise to the next resistance level, above 127.2% Fibonacci extension Pivot: 192.26 Support: 191.54 Resistance: 192.95 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital...

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XAUUSDis rising toward the pivot point and could potentially fall to a support level Alternatively, if price breaks above the pivot, it could continue to rise to the next resistance level that lines up with the 127.2% Fibonacci extensions Pivot: 2348 Support: 2327 Resistance: 2363 Risk Warning: Trading Forex and CFDs carries a high level of risk to your...