Sample Category Title

Daily Pivots: (S1) 1.6348; (P) 1.6389; (R1) 1.6431; More...

EUR/AUD is still bounded in consolidation from 1.6267 and intraday bias remains neutral. Outlook will stay bearish as long as 1.6515 resistance holds. On the downside, break of 1.6267 will resume the whole decline from 1.7062 to 100% projection of 1.7062 to 1.6319 from 1.6844 at 1.6106 next. However, break of 1.6515 resistance will turn bias back to the upside for stronger rebound.

In the bigger picture, fall from 1.7062 medium term top is seen as correcting the whole up trend from 1.4281 (2022 low). Deeper decline would be seen to 38.2% retracement of 1.4281 to 1.7062 at 1.6000. Strong support could be seen there to bring rebound on first attempt. But risk will stay on the downside as long as 1.6844 resistance holds. Sustained break of 1.6000 would bring further fall to 61.8% retracement at 1.5343.

Daily Pivots: (S1) 0.9439; (P) 0.9463; (R1) 0.9480; More...

Intraday bias in EUR/CHF stays neutral at this point, as consolidation from 0.9402 might extend further. Overall outlook stays bearish as long as 0.9543 resistance holds. On the downside, decisive break of 0.9407 will confirm larger down trend resumption.

In the bigger picture, medium term outlook remains bearish as long as 0.9683 resistance holds. Firm break of 0.9407 (2022 low) will resume long term down trend. Next target will be 61.8% projection of 1.1149 (2020 high) to 0.9407 from 1.0095 at 0.9018.

Daily Pivots: (S1) 145.12; (P) 145.85; (R1) 146.89; More...

Intraday bias in USD/JPY is turned neutral first with current retreat. Break of 144.80 minor support will suggest that rebound from 141.59 has completed at 146.58, after rejection by 55 4H EMA. Intraday bias will then be back on the downside for retesting 141.59 low. Overall outlook will stay bearish as long as 147.14 support turned resistance holds.

In the bigger picture, current fall from 151.89 is seen as the third leg of the corrective pattern from 151.93 (2022 high). Deeper decline would be seen through 38.2% retracement of 127.20 to 151.89 at 142.45 to 61.8% retracement at 136.63. This will now remain the favored as long as 147.14 support turned resistance holds.

Daily Pivots: (S1) 0.8770; (P) 0.8793; (R1) 0.8807; More....

Intraday bias in USD/CHF is turned neutral first with a temporary top formed at 0.8819. Further rise remains in favor with 0.8727 minor support intact. Above 0.8819 will resume the rebound from 0.8665 short term bottom to 0.8886 support turned resistance first. Decisive break there will indicate that whole fall from 0.9243 has completed, and bring stronger rally to 0.9111 resistance next. However, break of 0.8727 will turn bias back to the downside to retest 0.8665 instead.

In the bigger picture, price actions from 0.8551 are currently seen as part of a corrective pattern to the decline from 1.0146 (2022 high). Fall from 0.9243 is seen as the second leg for now. Deeper decline could be seen to 0.8551 low but strong support should be seen there to bring rebound. Meanwhile, break of 0.9111 resistance will argue that the third leg has started already, and target 0.9243 and above.

Daily Pivots: (S1) 1.2529; (P) 1.2560; (R1) 1.2587; More...

Intraday bias in GBP/USD is turned neutral with a temporary low formed at 1.2501. But further decline remains mildly in favor with 1.2611 minor resistance intact. Below 1.2501 will resume the fall from 1.2731 short term top to to 55 D EMA (now at 1.2450). Sustained break there will bring retest of 1.2036 low. However, firm break of 1.2611 will turn bias back to the upside for retesting 1.2731 resistance.

In the bigger picture, price actions from 1.3141 medium term top are seen as a corrective pattern to rise from 1.0351 (2022 low). Rise from 1.2036 is seen as the second leg, that could still extend through 1.2731. But upside should be limited by 1.3141 o bring the third leg of the pattern. Meanwhile, sustained trading below 55 EMA will argue that the third leg has already started for 38.2% retracement of 1.0351 (2022 low) to 1.3141 at 1.2075 again, and possibly below.

Daily Pivots: (S1) 1.0744; (P) 1.0762; (R1) 1.0781; More...

Intraday bias in EUR/USD is turned neutral with a temporary low formed at 1.0722. Further decline is expected with 1.0816 minor resistance intact. Break of 1.0722, and sustained trading below 55 D EMA (now at 1.0770) will extend the fall from 1.1016 short term top to retest 1.0447 support. However, on the upside, above 1.0816 minor resistance will turn intraday bias back to the upside for stronger rebound.

In the bigger picture, price actions from 1.1274 are viewed as a corrective pattern to rise from 0.9534 (2022 low). Rise from 1.0447 is seen as the second leg. While further rally could cannot be ruled out, upside should be limited by 1.1274 to bring the third leg of the pattern. Meanwhile, sustained break of 55 D EMA will argue that the third leg has already started for 1.0447 and below.

Daily Pivots: (S1) 1.3548; (P) 1.3576; (R1) 1.3603; More...

No change in USD/CAD's outlook and intraday bias stays neutral. On the downside, below 1.3547 minor support will argue that recovery from 1.3479 has completed. Intraday bias will be turned back to the downside for 1.3479 and below, to resume the decline from 1.3897. But downside should be contained by 1.3378 support, which is close to 61.8% retracement of 1.3091 to 1.3897 at 1.3399, to bring rebound. On the upside, break of 1.3625 resistance will indicate short term bottoming, and turn bias to the upside for stronger rise.

In the bigger picture, rise from 1.3091 is seen as the fifth leg of the whole rise from 1.2005 (2021 low). Further rally is expected as long as 1.3378 support holds, to 61.8% projection of 1.2401 to 1.3976 from 1.3091 at 1.4064. However, decisive break of 1.3378 will dampen this view and bring deeper fall back to 1.3091 instead.

Daily Pivots: (S1) 0.6551; (P) 0.6567; (R1) 0.6584; More...

AUD/USD recovers today but stays inside range below 0.6689. Intraday bias remains neutral for the moment, and risk stays mildly on the downside. Break of 0.6524 will affirm the case of rejection by channel resistance, and resume the fall from 0.6689 short term top to 55 D EMA (now at 0.6500) and below. Nevertheless, firm break of 0.6689 will resume the rise from 0.6269 instead.

In the bigger picture, there is no confirmation that down trend from 0.8006 (2021 high) has completed. Price actions from 0.6169 (2022 low) could be just a medium term corrective pattern, with fall from 0.7156 as the second leg. For now, range trading should be seen between 0.6169 and 0.7156 (2023 high), until further developments.

Dollar softens slightly in today's Asian session, as the global markets await forthcoming US consumer inflation data. Headline CPI is anticipated to show a modest deceleration to 3.2% in November, while core CPI is expected to remain stubbornly high at 4%. Fed's mandate to bringing inflation down to its 2% target necessitates a persistent slowdown in core inflation through the tough "last mile". Absent this, interest rates will either be maintained at their current elevated levels "for longer" or potentially be increased further. This context amplifies the importance of today's data as well as tomorrow's FOMC rate decision and the accompanying economic projections, which are poised to be major catalysts in the financial markets.

In stark contrast, Yen, Australian Dollar, and New Zealand Dollar have emerged as the stronger currencies in the session, each buoyed by distinct factors. Japanese Yen has halted its recent pullback from last week's strong rally, seemingly unaffected by data showing continued slowdown in Japan's wholesale inflation. The near-term trading range for Yen seems to be established, with future movements to be influenced by BoJ's policy decision scheduled for next week.

Australian Dollar, meanwhile, received a boost from positive trade news. China's decision to lift suspensions on three Australian abattoirs, part of a broader easing of trade sanctions, has been interpreted as a sign of further thawing in the previously tense economic relations due to political disagreements. However, it's crucial to note that restrictions still apply to several other Australian abattoirs and key exports like red wine, lobster, and meat, indicating that some trade challenges persist.

European major currencies display mixed performance in today's session. Euro and Swiss Franc are showing signs of softness, whereas Sterling is gaining a little strength. These currencies are currently positioned in a holding pattern, awaiting the outcome of this week's pivotal policy decisions by ECB, SNB and BoE.

From a technical analysis standpoint, after initial rejection by 55 4H EMA (now at 146.46) focus is back on 144.80 minor support in USD/JPY. Break there will bring deeper decline towards 141.59, as the second leg of a near term consolidation pattern.

In Asia, at the time of writing, Nikkei is up 0.26%. Hong Kong HSI is up 0.62%. China Shanghai SSE is up 0.03%. Singapore Strait Times is up 0.36%. Japan 10-year JGB yield is down -0.0408 at 0.738. Overnight, DOW rose 0.43%. S&P 500 rose 0.39%. NASDAQ rose 0.20%. 10-year yield fell -0.006 to 4.239.

Australia's Westpac consumer sentiment rose to 82.1, still far from upbeat

The latest release from Australia reveals a modest uptick in Westpac Consumer Sentiment Index, which rose by 2.7% mom to 82.1 in December. Despite this increase, Westpac's analysis describes the sentiment as "still very weak," emphasizing that "consumers remain far from upbeat."

Regarding RBA's next meeting on February 5-6, Westpac said, the "there is now a higher bar" to further tightening. It highlights the "subdued growth profile" and a "particularly weak household sector" underscored by the recent consumer sentiment results, suggesting that these factors might raise the threshold for another rate hike.

However, it's important to note the central bank's stance towards inflation. RBA has expressed a "very low tolerance for any upside surprises" in inflation rates, making the upcoming inflation data and the detailed quarterly release, due in late January, pivotal for February policy decision.

Australia's NAB business confidence and conditions decline, signaling continued soft growth

Australia NAB Business Confidence fell from -3 to -9 in November. Business Conditions fell from 13 to 9. Trading conditions fell from 19 to 13. Profitability conditions fell from 11 to 6. Employment conditions were unchanged at 8.

NAB Chief Economist Alan Oster remarked, "Both confidence and conditions declined in the month and after a period of relative stability through mid-2023 appear to be softening further." He pointed out that, excluding the pandemic period, business confidence is at its weakest since around 2012. This was a time characterized by significantly weaker conditions and slowing growth in advanced economies.

Despite these declines, Oster noted that business conditions remain above average, reflecting their strong starting point. He emphasized the importance of monitoring whether this drop in confidence continues and if a trend develops in business conditions. For the moment, these indicators suggest "ongoing soft growth in Q4".

Japan's PPI slows to weakest pace since February 2021

Japan's PPI slowed notably from 0.9% yoy to 0.3% yoy in November, but beat expectation of 0.1% yoy. That's nonetheless still the weakest pace since February 2021. November marked the 11th straight month in which the pace slowed.

Export prices was unchanged at 0.9% yoy. Import price decline slowed from -12.7% yoy to -9.7% yoy, staying negative for the eighth month.

During the month, PPI rose 0.2% mom. Import prices rose 0.7% mom. Export prices fell -0.2 %Mom.

Producer price growth stayed below the most recent consumer inflation reading for a third month. Growth in consumer prices excluding fresh food inched up to 2.9% in October.

Looking ahead

UK employment data and Germany ZEW economic sentiment are the main focus in European session. US CPI will take center stage later in the day.

AUD/USD Daily Report

Daily Pivots: (S1) 0.6551; (P) 0.6567; (R1) 0.6584; More...

AUD/USD recovers today but stays inside range below 0.6689. Intraday bias remains neutral for the moment, and risk stays mildly on the downside. Break of 0.6524 will affirm the case of rejection by channel resistance, and resume the fall from 0.6689 short term top to 55 D EMA (now at 0.6500) and below. Nevertheless, firm break of 0.6689 will resume the rise from 0.6269 instead.

In the bigger picture, there is no confirmation that down trend from 0.8006 (2021 high) has completed. Price actions from 0.6169 (2022 low) could be just a medium term corrective pattern, with fall from 0.7156 as the second leg. For now, range trading should be seen between 0.6169 and 0.7156 (2023 high), until further developments.

Economic Indicators Update

GMT	Ccy	Events	Actual	Forecast	Previous	Revised
23:30	AUD	Westpac Consumer Confidence Dec	2.70%		-2.60%
23:50	JPY	PPI Y/Y Nov	0.30%	0.10%	0.80%	0.90%
00:30	AUD	NAB Business Confidence Nov	-9		-2	-3
00:30	AUD	NAB Business Conditions Nov	9		13
07:00	GBP	Claimant Count Change Nov		20.3K	17.8K
07:00	GBP	ILO Unemployment Rate (3M) Oct		4.20%	4.20%
07:00	GBP	Average Earnings Including Bonus 3M/Y Oct		7.70%	7.90%
07:00	GBP	Average Earnings Excluding Bonus 3M/Y Oct		7.40%	7.70%
10:00	EUR	Germany ZEW Economic Sentiment Dec		8.8	9.8
10:00	EUR	Germany ZEW Current Situation Dec		-75.5	-79.8
10:00	EUR	Eurozone ZEW Economic Sentiment Dec		11.2	13.8
11:00	USD	NFIB Business Optimism Index Nov		90.7	90.7
13:30	USD	CPI M/M Nov		0.10%	0.00%
13:30	USD	CPI Y/Y Nov		3.10%	3.20%
13:30	USD	CPI Core M/M Nov		0.30%	0.20%
13:30	USD	CPI Core Y/Y Nov		4.00%	4.00%

DXY:

The DXY (US Dollar Index) chart currently has a bearish overall momentum, and there’s a potential scenario where price could make a bearish reaction off the 1st resistance level and drop towards the 1st support.

The 1st support at 103.28 is categorized as a swing low support. This level is significant as it suggests a potential area where buying interest may emerge, providing temporary support for the DXY.

The 2nd support at 102.48 is another swing low support level, further reinforcing its importance as a potential area where buyers might become active.

On the resistance side, the 1st resistance at 104.19 is noted as a multi-swing high resistance. This level is likely to act as a substantial barrier where selling interest may intensify, potentially triggering a bearish reversal.

The 2nd resistance at 104.49 is categorized as an overlap resistance and coincides with the 127.20% Fibonacci Extension level, indicating potential Fibonacci confluence. This level is also expected to be a strong resistance level.

Additionally, the RSI (Relative Strength Index) is displaying bearish divergence versus price, suggesting that a reversal might occur soon. This divergence can be a bearish signal, aligning with the overall bearish momentum.

EUR/USD:

The EUR/USD chart currently has a bullish overall momentum, and there’s a potential scenario where price could make a bullish bounce off the 1st support level and head towards the 1st resistance.

The 1st support at 1.0746 is categorized as an overlap support and coincides with the 50% Fibonacci Retracement level. This level is significant as it suggests a potential area where buying interest may emerge, providing support for the EUR/USD pair.

The 2nd support at 1.0666 is also identified as an overlap support and coincides with the 61.80% Fibonacci Retracement level, further reinforcing its importance as a potential level where buyers might become active.

On the resistance side, the 1st resistance at 1.0824 is categorized as an overlap resistance, suggesting it as a substantial barrier where selling interest could intensify, potentially limiting upward movements.

The 2nd resistance at 1.0879 is noted as a pullback resistance and coincides with the 50% Fibonacci Retracement level, indicating potential Fibonacci confluence. This level is also expected to be a strong resistance level.

EUR/JPY:

The EUR/JPY chart currently has a bearish overall momentum, suggesting a downward trend. In this scenario, there’s potential for a bearish continuation towards the 1st support level.

The 1st support at 155.94 is categorized as a pullback support and coincides with the 38.20% Fibonacci Retracement level, making it a significant level to watch for potential buying interest and temporary support for EUR/JPY.

Further down, the 2nd support at 154.61 is noteworthy as it’s a multi-swing low support and coincides with the 61.80% Fibonacci Retracement level. This level adds to the importance of the potential support area.

On the resistance side, the 1st resistance at 157.71 is identified as an overlap resistance and coincides with the 38.20% Fibonacci Retracement level. This level could act as a substantial barrier where selling interest may intensify, potentially limiting further upward movements.

Additionally, there’s a 2nd resistance at 159.08, which is also categorized as an overlap resistance.

EUR/GBP:

The EUR/GBP chart currently has a neutral overall momentum, suggesting that there is no clear directional bias at the moment. In such a scenario, price could potentially fluctuate between the 1st resistance and 1st support levels.

The 1st support at 0.8558 is considered a multi-swing low support, indicating that it has previously acted as a level where buying interest emerged. Traders may look for potential buying opportunities or temporary support around this level.

Similarly, the 2nd support at 0.8530 is another multi-swing low support level, further reinforcing the potential for price to find support in this area.

On the resistance side, the 1st resistance at 0.8585 is categorized as a multi-swing high resistance, suggesting that it has historically acted as a barrier to further upside movements. Traders may consider this level as a potential area where selling interest could intensify.

Further up, the 2nd resistance at 0.8612 is identified as a pullback resistance, indicating that it could also pose a challenge to upward movements.

GBP/USD:

The GBP/USD chart currently exhibits a bearish overall momentum, and there are factors contributing to this bearish sentiment, including the price being below the bearish Ichimoku cloud and within a bearish channel. These indications suggest that the price might continue to move lower due to its bearish momentum.

In this scenario, there’s a potential for a bearish continuation towards the 1st support level.

The 1st support at 1.2507 is categorized as an overlap support. This level is significant as it suggests a potential area where buying interest may emerge, providing temporary support for the GBP/USD pair.

The 2nd support at 1.2401 is identified as an overlap support and coincides with the 50% Fibonacci Retracement level, further reinforcing its importance as a potential level where buyers might become active.

On the resistance side, the 1st resistance at 1.2611 is categorized as an overlap resistance and coincides with the 50% Fibonacci Retracement level. This level is likely to act as a substantial barrier where selling interest could intensify, potentially limiting upward movements.

The 2nd resistance at 1.2718 is noted as a multi-swing high resistance, indicating it as another significant level where selling pressure may increase.

GBP/JPY:

The GBP/JPY chart currently has a bearish overall momentum, indicating a downward trend. In this context, there’s potential for a bearish continuation towards the 1st support level.

The 1st support at 182.09 is identified as a pullback support and coincides with the 38.20% Fibonacci Retracement level. This level is significant as it suggests a potential area where buying interest may emerge, providing temporary support for GBP/JPY.

Further down, the 2nd support at 180.53 is categorized as a multi-swing low support and coincides with the 61.80% Fibonacci Retracement level, making it another important level to watch for potential support.

On the resistance side, the 1st resistance at 184.32 is identified as an overlap resistance, indicating it as a substantial barrier where selling interest could intensify, potentially limiting further upward movements. Additionally, there’s a 2nd resistance at 185.09, which is categorized as a pullback resistance.

USD/CHF:

The USD/CHF chart currently demonstrates a bearish overall momentum, indicating a prevailing downward trend. In this context, there’s potential for a bearish continuation towards the 1st support level.

The 1st support at 0.8762 is categorized as a pullback support. This level is significant as it suggests a potential area where buying interest may emerge, providing temporary support for the USD/CHF pair.

The 2nd support at 0.8678 is identified as a multi-swing low support, further reinforcing its importance as a potential level where buyers might become active.

On the resistance side, the 1st resistance at 0.8817 is categorized as an overlap resistance and coincides with the 38.20% Fibonacci Retracement level. This level is likely to act as a substantial barrier where selling interest could intensify, potentially limiting upward movements.

The 2nd resistance at 0.8863 is also categorized as an overlap resistance and coincides with the 50% Fibonacci Retracement level, further indicating its significance as a level where selling pressure may increase.

USD/JPY:

The USD/JPY chart currently exhibits a bearish overall momentum, indicating a prevailing downward trend. In this context, there’s potential for a bearish continuation towards the 1st support level.

The 1st support at 144.95 is categorized as a pullback support. This level is significant as it suggests a potential area where buying interest may emerge, providing temporary support for the USD/JPY pair.

The 2nd support at 143.23 is identified as a multi-swing low support, further reinforcing its importance as a potential level where buyers might become active.

On the resistance side, the 1st resistance at 146.52 is categorized as an overlap resistance and coincides with the 50% Fibonacci Retracement level. This level is likely to act as a substantial barrier where selling interest could intensify, potentially limiting upward movements.

The 2nd resistance at 148.47 is also categorized as an overlap resistance and coincides with the 61.80% Fibonacci Retracement level, further indicating its significance as a level where selling pressure may increase.

USD/CAD:

The USD/CAD chart currently exhibits a bullish overall momentum, indicating a prevailing upward trend. In this context, there’s potential for a bullish bounce off the 1st support level, leading to a movement towards the 1st resistance.

The 1st support at 1.3540 is categorized as a swing low support and coincides with the 61.80% Fibonacci Retracement level. This level is significant as it suggests a potential area where buying interest may emerge, providing support for USD/CAD prices.

The 2nd support at 1.2488 is identified as a multi-swing low support, further reinforcing its importance as a level where buyers might become active.

On the resistance side, the 1st resistance at 1.3609 is labeled as an overlap resistance. This level is likely to act as a significant barrier where selling interest could intensify, potentially leading to a temporary halt in the bullish movement.

The 2nd resistance at 1.3654 is categorized as an overlap resistance and coincides with the 61.80% Fibonacci Retracement level, suggesting its potential significance as a level where selling pressure may increase.

AUD/USD:

The AUD/USD chart currently exhibits a bearish overall momentum, indicating a prevailing downward trend. In this context, there’s potential for a bearish reaction off the 1st resistance level, leading to a drop towards the 1st support.

The 1st support at 0.6524 is categorized as an overlap support, suggesting its significance as a potential level where buying interest may emerge, providing support for AUD/USD prices.

The 2nd support at 0.6448 is also identified as an overlap support, reinforcing its importance as a level where buyers might become active.

On the resistance side, the 1st resistance at 0.6590 is labeled as a pullback resistance. This level is likely to act as a substantial barrier where selling interest could intensify, potentially leading to a bearish reaction.

The 2nd resistance at 0.6612 is categorized as an overlap resistance, and it coincides with the 61.80% Fibonacci Projection, indicating its potential significance as a level where selling pressure may increase.

NZD/USD

The NZD/USD chart currently has a bullish overall momentum, indicating a prevailing upward trend. Within this context, there’s potential for a bullish continuation towards the 1st resistance level.

The 1st support at 0.6107 is categorized as an overlap support, suggesting its significance as a potential level where buying interest may emerge, providing support for NZD/USD prices.

The 2nd support at 0.6006 is also identified as an overlap support, further reinforcing its importance as a level where buyers might become active.

On the resistance side, the 1st resistance at 0.6167 is labeled as a pullback resistance. This level is likely to act as a substantial barrier where selling interest could intensify, potentially limiting upward movements.

The 2nd resistance at 0.6208 is categorized as a multi-swing high resistance, indicating its potential significance as a level where selling pressure may increase.

DJ30:

The DJ30 (Dow Jones Industrial Average) chart currently has a bullish overall momentum, with price trading above the bullish Ichimoku cloud, indicating a strong upward trend. In this context, there’s potential for a bullish continuation towards the 1st resistance level.

The 1st support at 36300.76 is identified as an overlap support, suggesting it could be a significant level where buying interest may emerge, providing potential support for the DJ30 index.

On the resistance side, the 1st resistance at 36925.73 is categorized as a swing high resistance, indicating it as a substantial barrier where selling interest could intensify, potentially limiting further upward movements.

Additionally, there’s an intermediate resistance at 36682.41, which coincides with the 127.20% Fibonacci Extension, indicating potential Fibonacci confluence.

GER40:

The GER40 (DAX) chart currently exhibits a bullish overall momentum, with price trading above a major ascending trend line, indicating a strong upward trend. Within this context, there’s potential for a bullish continuation towards the 1st resistance level.

The 1st support at 16529.5 is categorized as a pullback support, suggesting it could be a significant level where buying interest may emerge, providing temporary support for the GER40 index.

On the resistance side, the 1st resistance at 17055.10 is identified as a level that coincides with the 127.20% Fibonacci Extension, indicating potential Fibonacci confluence.

This level is likely to act as a substantial barrier where selling interest could intensify, potentially limiting further upward movements.

US500:

The US500 chart currently has a bullish overall momentum, indicating a prevailing upward trend. Within this context, there’s potential for a bullish bounce off the 1st support level, which could lead to a move towards the 1st resistance.

The 1st support at 4602.6 is categorized as a pullback support, indicating that it’s a significant level where buying interest may emerge, potentially providing support for the US500 index.

The 2nd support at 4537.6 is identified as an overlap support, further reinforcing its importance as a potential level where buyers might become active.

On the resistance side, the 1st resistance at 4640.4 is noted as a swing high resistance. This level is likely to act as a substantial barrier where selling interest could intensify, potentially limiting further upward movements.

BTC/USD:

he BTC/USD chart currently exhibits a bearish overall momentum, indicating a prevailing downward trend. In this context, there’s potential for a bearish reaction off the 1st resistance level, leading to a drop towards the 1st support.

The 1st support at 40158 is identified as a swing low support, signifying its significance as a potential level where buying interest may emerge, potentially providing support for Bitcoin’s price.

The 2nd support at 38279 is categorized as a pullback support, further reinforcing its importance as a potential area where buyers might become active.

On the resistance side, the 1st resistance at 42117 is noted as a pullback resistance. This level is likely to act as a substantial barrier where selling interest could intensify, potentially triggering a bearish reversal.

Further up, the 2nd resistance at 43190 is characterized as a pullback resistance and coincides with the 61.80% Fibonacci Retracement level, indicating a potential confluence of technical factors that could strengthen it as a level where selling pressure may increase.

ETH/USD:

The ETH/USD chart currently has a bullish overall momentum, indicating a prevailing upward trend. In this context, there’s potential for a bullish continuation towards the 1st resistance level.

The 1st support at 2136.47 is identified as an overlap support. This level may act as a significant area where buying interest could emerge, providing support for Ethereum’s price.

On the resistance side, the 1st resistance at 2318.76 is categorized as a pullback resistance. This level is likely to serve as a substantial barrier where selling interest could intensify, potentially slowing down or reversing the bullish momentum.

Further up, the 2nd resistance at 2385.33 is labeled as a multi-swing high resistance, reinforcing its significance as a potential level where selling pressure may increase.

WTI/USD:

The WTI chart currently exhibits a bearish overall momentum, suggesting a prevailing downward trend. Within this context, there’s potential for a bearish reaction off the 1st resistance level, followed by a drop towards the 1st support.

The 1st support at 69.35 is identified as a multi-swing low support, indicating its potential significance as a level where buying interest may emerge, providing temporary support for WTI prices.

The intermediate support at 70.52 is categorized as an overlap support, reinforcing its importance as a potential level where buyers might become active.

On the resistance side, the 1st resistance at 72.58 is labeled as a pullback resistance. This level is likely to act as a substantial barrier where selling interest could intensify, potentially triggering a bearish reversal.

The 2nd resistance at 74.15 is categorized as an overlap resistance, further indicating its potential significance as a level where selling pressure may increase.

XAU/USD (GOLD):

The XAU/USD chart currently has a bearish overall momentum, suggesting a prevailing downward trend. In this context, there’s potential for a bearish reaction off the 1st resistance level, followed by a drop towards the 1st support.

The 1st support at 1966.24 is identified as an overlap support, indicating its potential significance as a level where buying interest may emerge, providing temporary support for the XAU/USD pair.

The 2nd support at 1931.71 is also categorized as an overlap support, reinforcing its importance as a potential level where buyers might become active.

On the resistance side, the 1st resistance at 1990.90 is labeled as a pullback resistance. This level is likely to act as a substantial barrier where selling interest could intensify, potentially triggering a bearish reversal.

The 2nd resistance at 2009.18 is categorized as an overlap resistance, further indicating its potential significance as a level where selling pressure may increase.