{"id":70560,"date":"2025-06-10T14:14:33","date_gmt":"2025-06-10T04:14:33","guid":{"rendered":"https:\/\/www.icmarkets-vnj.com\/blog\/?p=70560"},"modified":"2025-06-10T14:24:37","modified_gmt":"2025-06-10T04:24:37","slug":"tuesday-10th-june-2025-technical-outlook-and-review","status":"publish","type":"post","link":"https:\/\/www.icmarkets-vnk.com\/blog\/tuesday-10th-june-2025-technical-outlook-and-review\/","title":{"rendered":"Tuesday 10th June 2025: Technical Outlook and Review"},"content":{"rendered":"\n

DXY (US Dollar Index):<\/strong><\/h1>\n\n\n\n

Potential Direction: Bullish<\/p>\n\n\n\n

Overall momentum of the chart: Bearish<\/p>\n\n\n\n

The price could potentially make a bullish continuation toward the 1st resistance.<\/p>\n\n\n\n

Pivot: 98.91<\/p>\n\n\n\n

Supporting reasons: Identified as an overlap support that aligns closely with the 50% Fibonacci retracement, indicating a potential area where buying interests could pick up to stage a rebound.<\/p>\n\n\n\n

1st support: 98.36<\/p>\n\n\n\n

Supporting reasons: Identified as a swing-low support, indicating a potential area where the price could stabilize once again.<\/p>\n\n\n\n

1st resistance: 99.60
Supporting reasons: Identified as an overlap resistance, indicating a potential level that could cap further upward movement.<\/p>\n\n\n\n

<\/h1>\n\n\n\n

EUR\/USD:<\/strong><\/h1>\n\n\n\n

Potential Direction: Bullish<\/p>\n\n\n\n

Overall momentum of the chart: Bullish<\/p>\n\n\n\n

The price could potentially make a bearish continuation toward the 1st support<\/p>\n\n\n\n

Pivot: 0.8390<\/p>\n\n\n\n

Supporting reasons: Identified as a pullback resistance that aligns closely with the 38.2% Fibonacci retracement, indicating a potential area where selling pressures could intensify.<\/p>\n\n\n\n

 1st support: 1.0752
Supporting reasons: Identified as a swing low support that aligns closely with the 50% Fibonacci retracement, indicating a potential area where the price could stabilize once more.<\/p>\n\n\n\n

1st resistance: 1.1512<\/p>\n\n\n\n

Supporting reasons: Identified as a swing high resistance, indicating a potential area that could halt any further upward movement.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

EUR\/JPY:<\/strong><\/h1>\n\n\n\n

Potential Direction: Bullish<\/p>\n\n\n\n

Overall momentum of the chart: Bullish<\/p>\n\n\n\n

Price could fall toward the pivot and potentially make a bullish bounce off this level to rise toward the 1st resistance. <\/p>\n\n\n\n

Pivot: 164.17<\/p>\n\n\n\n

Supporting reasons: Identified as a pullback support, indicating a potential area where buying interests could pick up to stage a rebound.<\/p>\n\n\n\n

1st support: 163.35
Supporting reasons: Identified as a swing low support, indicating a potential area where the price could stabilize once again.<\/p>\n\n\n\n

1st resistance: 165.41
Supporting reasons: Identified as an overlap resistance that aligns with the 78.6% Fibonacci projection, indicating a potential area that could halt any further upward movement.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

EUR\/GBP: <\/strong><\/h1>\n\n\n\n

Potential Direction: Bullish
Overall momentum of the chart: Bearish<\/p>\n\n\n\n

Price could fall toward the pivot and potentially make a bullish bounce off this level to rise toward the 1st resistance. <\/p>\n\n\n\n

Pivot: 0.8402<\/p>\n\n\n\n

Supporting reasons: Identified as an overlap support that aligns with the 50% Fibonacci retracement, indicating a potential area where buying interests could pick up to stage a rebound.<\/p>\n\n\n\n

1st support: 0.8364
Supporting reasons: Identified as a swing-low support, indicating a potential area where the price could stabilize once more.<\/p>\n\n\n\n

1st resistance: 0.8466
Supporting reasons: Identified as a pullback resistance, indicating a potential level that could cap further upward movement.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

GBP\/USD:<\/strong><\/h1>\n\n\n\n

Potential Direction: Bullish<\/p>\n\n\n\n

Overall momentum of the chart: Bullish<\/p>\n\n\n\n

Price could fall toward the pivot and potentially make a bullish bounce off this level to rise toward the 1st resistance. <\/p>\n\n\n\n

Pivot: 1.3505<\/p>\n\n\n\n

Supporting reasons: Identified as an overlap support that aligns with the 50% Fibonacci retracement, indicating a potential area where buying interest could pick up to stage a rebound.<\/p>\n\n\n\n

1st support: 1.3415
Supporting reasons: Identified as an overlap support, indicating a potential area where the price could stabilize once more.<\/p>\n\n\n\n

1st resistance: 1.3585
Supporting reasons: Identified as a multi-swing high resistance, indicating a potential level that could cap further upward movement.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

GBP\/JPY:<\/strong><\/h1>\n\n\n\n

Potential Direction: Bullish
Overall momentum of the chart: Bullish<\/p>\n\n\n\n

Price could fall toward the pivot and potentially make a bullish bounce off this level to rise toward the 1st resistance. <\/p>\n\n\n\n

Pivot: 195.29<\/p>\n\n\n\n

Supporting reasons: Identified as a pullback support, indicating a potential area where buying interest could pick up to stage a rebound.<\/p>\n\n\n\n

1st support: 194.51<\/p>\n\n\n\n

Supporting reasons: Identified as a pullback support, indicating a potential level where the price could stabilize once more.<\/p>\n\n\n\n

1st resistance: 197.31
Supporting reasons: Identified as a resistance that aligns with the 127.2% Fibonacci extension, indicating a potential level that could cap further upward movement.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

USD\/CHF:<\/strong><\/h1>\n\n\n\n

Potential Direction: Bearish<\/p>\n\n\n\n

Overall momentum of the chart: Bearish<\/p>\n\n\n\n

Price is rising toward the pivot and could potentially make a bearish reversal off this level and fall toward the 1st support. <\/p>\n\n\n\n

Pivot: 0.8264<\/p>\n\n\n\n

Supporting reasons: Identified as a pullback resistance that aligns closely with the 50% Fibonacci retracement, indicating a potential area where selling pressures could intensify.<\/p>\n\n\n\n

1st support: 0.8207
Supporting reasons: Identified as a swing-low support, indicating a potential level where the price could stabilize once again.<\/p>\n\n\n\n

1st resistance: 0.8341
Supporting reasons: Identified as a swing-high resistance, indicating a potential level that could cap further upward movement.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

USD\/JPY:<\/strong><\/h1>\n\n\n\n

Potential Direction: Bullish<\/p>\n\n\n\n

Overall momentum of the chart: Bearish<\/p>\n\n\n\n

Price could potentially make a bullish continuation toward the 1st resistance.  <\/p>\n\n\n\n

Pivot: 144.29<\/p>\n\n\n\n

Supporting reasons: Identified as an overlap support, indicating a potential area where buying interests could pick up to stage a rebound.<\/p>\n\n\n\n

1st support: 143.28
<\/em>Supporting reasons: Identified as a pullback support, suggesting a potential area where the price could stabilize once more.<\/p>\n\n\n\n

1st resistance: 146.17
Supporting reasons: Identified as a swing-high resistance, indicating a potential level that could cap further upward movement.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

USD\/CAD:<\/strong><\/h1>\n\n\n\n

Potential Direction: Bearish<\/p>\n\n\n\n

Overall momentum of the chart: Bearish<\/p>\n\n\n\n

Price is rising toward the pivot and could potentially make a bearish reversal off this level to pull back toward the 1st support. The presence of the red Ichimoku Cloud adds further significance to the strength of the downward momentum.<\/p>\n\n\n\n

Pivot: 1.3733<\/p>\n\n\n\n

Supporting reasons: Identified as a swing-high resistance that aligns closely with a 50% Fibonacci retracement, indicating a potential area where selling pressures could intensify.<\/p>\n\n\n\n

1st support: 1.3655
Supporting reasons: Identified as a multi-swing-low support, indicating a key level where the price could stabilize once more.<\/p>\n\n\n\n

1st resistance: 1.3793<\/p>\n\n\n\n

Supporting reasons: Identified as a pullback resistance that aligns closely with a 61.8% Fibonacci retracement, indicating a potential area that could halt any further upward movement.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

AUD\/USD:<\/strong><\/h1>\n\n\n\n

Potential Direction: Bullish<\/p>\n\n\n\n

Overall momentum of the chart: Bullish<\/p>\n\n\n\n

Price is falling toward the pivot and could potentially make a bullish bounce off this level to rise toward the 1st resistance. The presence of the green Ichimoku Cloud adds further significance to the strength of the upward momentum.<\/p>\n\n\n\n

Pivot: 0.6483<\/p>\n\n\n\n

Supporting reasons: Identified as a multi-swing-low support that aligns closely with a 38.2% Fibonacci retracement, indicating a potential area where buying interests could pick up to resume the uptrend.<\/p>\n\n\n\n

1st support: 0.6447<\/p>\n\n\n\n

Supporting reasons: Identified as a swing-low support that aligns closely with a confluence of Fibonacci levels i.e. the 61.8% retracement and the 161.8% extension, suggesting a potential area where the price could stabilize once again.<\/p>\n\n\n\n

1st resistance: 0.6537
Supporting reasons: Identified as a multi-swing-high resistance, indicating a potential area that could halt any further upward movement.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

NZD\/USD<\/strong><\/h1>\n\n\n\n

Potential Direction: Bullish<\/p>\n\n\n\n

Overall momentum of the chart: Bullish<\/p>\n\n\n\n

Price is falling toward the pivot and could potentially make a bullish bounce off this level to rise toward the 1st resistance. The presence of the green Ichimoku Cloud adds further significance to the strength of the upward momentum.<\/p>\n\n\n\n

Pivot: 0.5989
Supporting reasons: Identified as an overlap support that aligns closely with a confluence of Fibonacci levels i.e. the 38.2% retracement and the 127.2% extension, indicating a potential area where buying interests could pick up to resume the uptrend.<\/p>\n\n\n\n

1st support: 0.5939<\/p>\n\n\n\n

Supporting reasons: Identified as a multi-swing-low support that aligns with a 61.8% Fibonacci retracement, suggesting a potential area where the price could stabilize once more.<\/p>\n\n\n\n

1st resistance: 0.6080<\/p>\n\n\n\n

Supporting reasons: Identified as a swing-high resistance, indicating a potential area that could halt any further upward movement.<\/p>\n\n\n\n

<\/h1>\n\n\n\n

<\/h1>\n\n\n\n

US30 (DJIA):<\/strong><\/h1>\n\n\n\n

Potential Direction: Bearish<\/p>\n\n\n\n

Overall momentum of the chart: Bullish<\/p>\n\n\n\n

Price is trading close to the pivot and could potentially make a bearish reversal off this level to pull back toward the 1st support. The presence of the green Ichimoku Cloud adds further significance to the strength of the overall upward momentum.<\/p>\n\n\n\n

Pivot: 42,875.20<\/p>\n\n\n\n

Supporting reasons: Identified as a multi-swing-high resistance, indicating a potential area where selling pressures could intensify.<\/p>\n\n\n\n

1st support: 42,240.10<\/p>\n\n\n\n

Supporting reasons: Identified as a swing-low support that aligns with a 38.2% Fibonacci retracement, suggesting a potential area where the price could stabilize once again.<\/p>\n\n\n\n

1st resistance: 43,346.06<\/p>\n\n\n\n

Supporting reasons: Identified as a resistance that aligns with a 127.2% Fibonacci extension, indicating a potential area that could halt any further upward movement.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

DE40 (DAX):<\/strong><\/h1>\n\n\n\n

Potential Direction: Bullish<\/p>\n\n\n\n

Overall momentum of the chart: Bullish<\/p>\n\n\n\n

Price has made a bullish bounce off the pivot and could potentially rise toward the 1st resistance. The presence of the green Ichimoku Cloud adds further significance to the strength of the upward momentum.<\/p>\n\n\n\n

Pivot: 24,152.30
Supporting reasons: Identified as an overlap support that aligns closely with a 50% Fibonacci retracement, indicating a potential area where buying interests could pick up to resume the uptrend.<\/p>\n\n\n\n

1st support: 23,750.30<\/p>\n\n\n\n

Supporting reasons: Identified as a swing-low support, indicating a key level where the price could stabilize once more.<\/p>\n\n\n\n

1st resistance: 24,546.74
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.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

US500 (S&P 500): <\/strong><\/h1>\n\n\n\n

Potential Direction: Bullish<\/p>\n\n\n\n

Overall momentum of the chart: Bullish<\/p>\n\n\n\n

Price is falling toward the pivot and could potentially make a bullish bounce off this level to rise toward the 1st resistance. The presence of the green Ichimoku Cloud adds further significance to the strength of the upward momentum.<\/p>\n\n\n\n

Pivot: 5,984.70<\/p>\n\n\n\n

Supporting reasons: Identified as an overlap support, indicating a potential area where buying interests could pick up to resume the uptrend.<\/p>\n\n\n\n

1st support: 5,925.75<\/p>\n\n\n\n

Supporting reasons: Identified as a swing-low support that aligns with a 38.2% Fibonacci retracement, indicating a potential level where the price could stabilize once again.<\/p>\n\n\n\n

1st resistance: 6,088.28<\/p>\n\n\n\n

Supporting reasons: Identified as a resistance that aligns with a confluence of Fibonacci levels i.e. the 100% projection and the 161.8% extension, indicating a potential area that could halt any further upward movement.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

BTC\/USD (Bitcoin):<\/strong><\/h1>\n\n\n\n

Potential Direction: Bullish<\/p>\n\n\n\n

Overall momentum of the chart: Bullish<\/p>\n\n\n\n

Price is falling toward the pivot and could potentially make a bullish bounce off this level to rise toward the 1st resistance.<\/p>\n\n\n\n

Pivot: 108,446.67<\/p>\n\n\n\n

Supporting reasons: Identified as an overlap support that aligns closely with a 23.6% Fibonacci retracement, indicating a potential area where buying interests could pick up to resume the uptrend.<\/p>\n\n\n\n

1st support: 106,491.59
Supporting reasons: Identified as a pullback support that aligns closely with a 38.2% Fibonacci retracement, indicating a potential level where the price could stabilize once more.<\/p>\n\n\n\n

1st resistance: 111,566.95
Supporting reasons: Identified as a swing-high resistance, indicating a potential area that could halt any further upward movement.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

ETH\/USD (Ethereum):<\/strong><\/h1>\n\n\n\n

Potential Direction: Bullish
Overall momentum of the chart: Neutral<\/p>\n\n\n\n

Price is falling toward the pivot and could potentially make a bullish bounce off this level to rise toward the 1st resistance.<\/p>\n\n\n\n

Pivot: 2,642.01
Supporting reasons: Identified as a pullback support that aligns with a 23.6% Fibonacci retracement, indicating a potential area where buying interests could pick up to stage a rebound.<\/p>\n\n\n\n

1st support: 2,548.35
Supporting reasons: Identified as an overlap support that aligns with a 50% Fibonacci retracement, indicating a potential level where the price could stabilize once again.<\/p>\n\n\n\n

1st resistance: 2,788.17
Supporting reasons: Identified as a swing-high resistance, indicating a potential area that could halt any further upward movement.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

WTI\/USD (Oil):<\/strong><\/h1>\n\n\n\n

Potential Direction: Bullish<\/p>\n\n\n\n

Overall momentum of the chart: Bullish<\/p>\n\n\n\n

Price could fall toward the pivot and potentially make a bullish bounce off this level to rise toward the 1st resistance. The presence of the green Ichimoku Cloud adds further significance to the strength of the upward momentum.<\/p>\n\n\n\n

Pivot: 64.55<\/p>\n\n\n\n

Supporting reasons: Identified as a pullback support, indicating a potential area where buying interests could pick up to resume the uptrend.<\/p>\n\n\n\n

1st support: 63.39
Supporting reasons: Identified as a pullback support, indicating a key level where the price could stabilize once more.<\/p>\n\n\n\n

1st resistance: 65.80
Supporting reasons: Identified as a pullback resistance that aligns closely with a 61.8% Fibonacci retracement, indicating a potential area that could halt any further upward movement.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

XAU\/USD (GOLD):<\/strong><\/h1>\n\n\n\n

Potential Direction: Bearish
Overall momentum of the chart: Bullish<\/p>\n\n\n\n

Price could potentially make a bearish continuation toward the 1st support. <\/p>\n\n\n\n

Pivot: 3338.97<\/p>\n\n\n\n

Supporting reasons: Identified as an overlap resistance, indicating a potential area where selling pressures could intensify.<\/p>\n\n\n\n

1st support: 3289.15
Supporting reasons: Identified as an overlap support that aligns closely with the 61.8% Fibonacci retracement, acting as a potential level where price could stabilize once again.<\/p>\n\n\n\n

1st resistance: 3363.63
Supporting reasons: Identified as an overlap resistance, indicating a potential area that could halt any further upward movement.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

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DXY (US Dollar Index): Potential Direction: Bullish Overall momentum of the […]<\/p>\n","protected":false},"author":8,"featured_media":68117,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[340,216,215,339,195],"tags":[],"class_list":["post-70560","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured-posts","category-forex-news-daily","category-market-analysis","category-recent-posts","category-technical-analysis"],"_links":{"self":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/70560","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/comments?post=70560"}],"version-history":[{"count":1,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/70560\/revisions"}],"predecessor-version":[{"id":70561,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/70560\/revisions\/70561"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/media\/68117"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/media?parent=70560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/categories?post=70560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/tags?post=70560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}