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Monday 29th September 2025: Technical Outlook and Review

 

DXY (U.S. Dollar Index):

Potential Direction: Bearish

Overall momentum of the chart: Bearish

The price could see a short-term pullback toward the pivot before continuing its bearish move down toward the 1st support.

Pivot: 98.63

Supporting reasons: Identified as a pullback resistance that aligns closely with the 61.8% Fibonacci retracement, where selling pressures could intensify and potentially cap any upward retracement.

1st support: 96.61

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

1st resistance: 100.19
Supporting reasons: Identified as an overlap resistance, indicating a potential area that could halt any further upward movement

EUR/USD:

Potential Direction: Bullish

Overall momentum of the chart: Bullish

The price could make a short-term pullback toward the pivot before rising again toward the 1st resistance 

Pivot: 1.1584

Supporting reasons: Identified as a pullback support that aligns with the 61.8%  Fibonacci retracement, indicating a potential area where buying interest could pick up

1st support: 1.1398

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

1st resistance: 1.1846

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

EUR/JPY:

Potential Direction: Bullish

Overall momentum of the chart: Bullish

The price could make a short-term pullback toward the pivot before rising again toward the 1st resistance 

Pivot: 173.53

Supporting reasons: Identified as an overlap support, where renewed buying pressure could emerge to push the price higher.

1st support: 172.21
Supporting reasons: Identified as an overlap support, indicating a potential area where the price could again stabilize.

1st resistance: 175.15
Supporting reasons: Identified as a swing high resistance that aligns with the 127.2% Fibonacci extension, indicating a potential level that could cap further upward movement.

EUR/GBP: 

Potential Direction: Bullish
Overall momentum of the chart: Bullish

The price could make a short-term pullback toward the pivot before rising again toward the 1st resistance 

Pivot: 0.8690

Supporting reasons: Identified as a pullback support, where renewed buying pressure could emerge to push the price higher.

1st support: 0.8611
Supporting reasons: Identified as a multi-swing low support, indicating a potential area where the price could stabilize once more.

1st resistance: 0.8767
Supporting reasons: Identified as a resistance that is supported by the 161.8 Fibonacci extension, indicating a potential level that could cap further upward movement.

GBP/USD:

Potential Direction: Bearish
Overall momentum of the chart: Bullish

The price could see a short-term pullback toward the pivot before continuing its bearish move down toward the 1st support.

Pivot: 1.3449

Supporting reasons: Identified as a pullback resistance, where selling pressures could intensify and potentially cap any upward retracement.

1st support: 1.313
Supporting reasons: Identified as a pullback support that aligns with the 161.8% Fibonacci extension, indicating a potential area where the price could stabilize once more.

1st resistance: 1.3747
Supporting reasons: Identified as a swing high resistance, indicating a potential level that could halt further upward movement.

GBP/JPY:

Potential Direction: Bullish

Overall momentum of the chart: Bullish

The price could make a short-term pullback toward the pivot before rising again toward the 1st resistance 

Pivot: 197.87

Supporting reasons: Identified as a pullback support that aligns with the 50% Fibonacci retracement, where renewed buying pressure could emerge to push the price higher.

1st support: 196.19
Supporting reasons: Identified as a pullback support that aligns with the 78.6% Fibonacci retracement, indicating a potential level where the price could stabilize once more.

1st resistance: 201.19
Supporting reasons: Identified as a swing high resistance that aligns with the 127.2% Fibonacci extension, indicating a potential level that could halt further upward movement.

USD/CHF:

Potential Direction: Bullish

Overall momentum of the chart: Bullish

The price could make a short-term pullback toward the pivot before rising again toward the 1st resistance 

Pivot: 0.7926

Supporting reasons: Identified as a pullback support, where renewed buying pressure could emerge to push the price higher.

1st support: 0.7853
Supporting reasons: Identified as a swing low support, indicating a potential level where the price could stabilize once again.

1st resistance: 0.8054
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/JPY:

Potential Direction: Bullish

Overall momentum of the chart: Bullish

The price could fall toward the pivot and make a bullish bounce off toward the 1st resistance.

Pivot: 148.31

Supporting reasons: Identified as a pullback support, indicating a potential area where buying interest could pick up.

1st support: 145.39

Supporting reasons: Identified as an overlap support, indicating a strong area where buyers might return, and the price could stabilize once again.

1st resistance: 151.23

Supporting reasons: Identified as an overlap resistance that aligns closely with the 161.8% Fibonacci extension. This level represents the next key area where upward movement could be capped amid increased selling pressure

USD/CAD:

Potential Direction: Bullish                                                                                                                                                                                                 

Overall momentum of the chart: Bearish

The price could fall toward the pivot and make a bullish bounce off toward the 1st resistance.

Pivot: 1.3864

Supporting reasons: Identified as a pullback support, indicating a potential area where buying interest could pick up.

1st support: 1.3740

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

1st resistance: 1.4157

Supporting reasons: Identified as a pullback resistance that aligns with the 61.8% Fibonacci retracement, making it a possible target for bullish advances and a level where some sellers could return to cap gains

AUD/USD:

Potential Direction: Bearish

Overall momentum of the chart: Bullish

The price could see a short-term pullback toward the pivot before continuing its bearish move down toward the 1st support.

Pivot: 0.6600

Supporting reasons: Identified as a pullback resistance, where selling pressures could intensify and potentially cap any upward retracement.

1st support: 0.6399

Supporting reasons: Identified as an overlap support, this area has provided strong support historically and may attract buying interest for a potential short-term bounce

1st resistance: 0.6794

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

NZD/USD

Potential Direction: Bearish

Overall momentum of the chart: Bullish

The price could see a short-term pullback toward the pivot before continuing its bearish move down toward the 1st support.

Pivot: 0.5812

Supporting reasons: Identified as a pullback resistance, where selling pressures could intensify and potentially cap any upward retracement.

1st support: 0.5649

Supporting reasons: Identified as a pullback support that aligns with the 161.8% Fibonacci extension, this area has provided strong support historically and may attract buying interest for a potential short-term bounce

1st resistance: 0.5989

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

US30 (DJIA):

Potential Direction: Bullish

Overall momentum of the chart: Bullish

The price could fall toward the pivot and could make a bullish move toward the 1st resistance.  

Pivot: 45,683.56
Supporting reasons: Identified as an overlap support, indicating a potential area where buying interest could pick up.

1st support: 44,863.66

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

1st resistance: 47,367.24

Supporting reasons: Identified as a resistance that is supported by the 127.2% Fibonacci extension, indicating a potential area that could halt any further upward movement.

DE40 (DAX):

Potential Direction: Bearish

Overall momentum of the chart: Bullish

The price could rise toward the pivot and could make a bearish move toward the 1st support.

Pivot: 24,008.75
Supporting reasons: Identified as a pullback resistance, indicating a potential area where selling pressures could intensify.

1st support: 23,153.96

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

1st resistance: 24,639.02

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: Bullish

The price could make a short-term pullback toward the pivot before rising again toward the 1st resistance 

Pivot: 6,504.87

Supporting reasons: Identified as a pullback support, where renewed buying pressure could emerge to push the price higher.

1st support: 6,142.67

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

1st resistance: 6,976.00

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

BTC/USD (Bitcoin):

Potential Direction: Bearish

Overall momentum of the chart: Bullish

The price could rise toward the pivot and could make a bearish move toward the 1st support.

Pivot: 112,702.68
Supporting reasons: Identified as a pullback resistance that aligns with the 38.2% Fibonacci retracement, indicating a potential area where selling pressures could intensify.

1st support: 101,362.63

Supporting reasons: Identified as a swing low support that aligns with the 161.8% Fibonacci extension, indicating a potential level where the price could stabilize once more.

1st resistance: 117,953.51

Supporting reasons: Identified as a 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: Bullish

The price could rise toward the pivot and could make a bearish move toward the 1st support.

Pivot: 4,251.00
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: 3,676.47

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

1st resistance: 4,857.94
Supporting reasons: Identified as a swing high resistance, indicating a potential area that could halt any further upward movement.

WTI/USD (Oil):

Potential Direction: Bullish

Overall momentum of the chart: Bullish

The price could make a short-term pullback toward the pivot before rising again toward the 1st resistance 

Pivot: 64.62

Supporting reasons: Identified as a pullback support, indicating a potential area where buying interest could pick up

1st support: 62.16
Supporting reasons: Identified as a swing low support, indicating a key level where the price could stabilize once more.

1st resistance: 68.85
Supporting reasons: Identified as a pullback 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: Bullish

Overall momentum of the chart: Bullish

The price could fall toward the pivot and make a bullish rise toward the 1st resistance.

Pivot: 3,646.18

Supporting reasons: Identified as a pullback support, indicating a potential area where buying interest could pick up.

1st support: 3,501.76
Supporting reasons: Identified as a pullback support, indicating a key level where the price could stabilize once more.

1st resistance: 3,790.54
Supporting reasons: Identified as a swing resistance, indicating a potential area that could halt any further upward movement.

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