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Thursday, February 5, 2026

Friday sixteenth January 2026: Technical Outlook and Evaluate | IC Markets

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Potential Course: Bullish

Total momentum of the chart: Bearish

The worth may see a short-term pullback towards the pivot earlier than rising once more towards the first resistance.

Pivot: 99.23

Supporting causes: Recognized as a pullback help, the place renewed shopping for stress may emerge to push the worth increased.

1st help: 98.73

Supporting causes: Recognized as an overlap help, indicating a possible space the place the worth may once more stabilize.

1st resistance: 99.79
Supporting causes: Recognized as an overlap resistance, indicating a possible space that might halt any additional upward motion

Potential Course: Bearish

Total momentum of the chart: Bearish

The worth has already reacted off the pivot and should proceed its bearish transfer towards the first help. 

Pivot: 1.1622

Supporting causes: Recognized as a pullback resistance, the place promoting pressures may intensify and doubtlessly cap any upward retracement.

1st help: 1.1552

Supporting causes: Recognized as an overlap help that aligns with the 161.8% Fibonacci extension, indicating a possible degree the place the worth may stabilize as soon as once more.

1st resistance: 1.1674

Supporting causes: Recognized as an overlap resistance, indicating a possible degree that might cap additional upward motion.

Potential Course: Bullish

Total momentum of the chart: Bullish

The worth may see a short-term pullback towards the pivot earlier than rising once more towards the first resistance.

Pivot: 183.55

Supporting causes: Recognized as a pullback help that aligns with the 61.8% Fibonacci retracement, the place renewed shopping for stress may emerge to push the worth increased.

1st help: 182.54
Supporting causes: Recognized as swing low help, indicating a possible space the place the worth may once more stabilize.

1st resistance: 185.53
Supporting causes: Recognized as a swing excessive resistance, indicating a possible degree that might cap additional upward motion.

Potential Course: Bearish
Total momentum of the chart: Bullish

The worth may see a short-term pullback towards the pivot earlier than persevering with its bearish transfer down towards the first help.

Pivot: 0.8690

Supporting causes: Recognized as a swing excessive resistance, the place promoting pressures may intensify and doubtlessly cap any upward retracement.

1st help: 0.8651
Supporting causes: Recognized as a multi-swing low help, indicating a possible space the place the worth may stabilize as soon as extra.

1st resistance: 0.8706
Supporting causes: Recognized as an overlap resistance that aligns with the 61.8% Fibonacci retracement, indicating a possible degree that might cap additional upward motion.

Potential Course: Bearish
Total momentum of the chart: Bullish

The worth has already reacted off the pivot and should proceed its bearish transfer towards the first help. 

Pivot: 1.3392

Supporting causes: Recognized as an overlap resistance, the place promoting pressures may intensify and doubtlessly cap any upward retracement.

1st help: 1.3260
Supporting causes: Recognized as a pullback help that aligns with the 61.8% Fibonacci retracement, indicating a possible space the place the worth may stabilize as soon as extra.

1st resistance: 1.3489
Supporting causes: Recognized as an overlap resistance, indicating a possible degree that might halt additional upward motion.

Potential Course: Bullish

Total momentum of the chart: Bullish

The worth may see a short-term pullback towards the pivot earlier than rising once more towards the first resistance.

Pivot: 211.94

Supporting causes: Recognized as a pullback help that aligns with the 61.8% Fibonacci retracement, the place renewed shopping for stress may emerge to push the worth increased.

1st help: 210.30
Supporting causes: Recognized as a multi-swing low help, indicating a possible degree the place the worth may stabilize as soon as extra.

1st resistance: 214.29
Supporting causes: Recognized as a swing excessive resistance, indicating a possible degree that might halt additional upward motion.

Potential Course: Bullish

Total momentum of the chart: Bearish

The worth has already bounced off the pivot and should proceed its bullish transfer towards the first resistance

Pivot: 0.8013

Supporting causes: Recognized as an overlap help, the place renewed shopping for stress may emerge to push the worth increased.

1st help: 0.7966
Supporting causes: Recognized as an overlap help, indicating a possible degree the place the worth may stabilize as soon as once more.

1st resistance: 0.8065
Supporting causes: Recognized as a multi swing excessive resistance that aligns with the 161.8%  Fibonacci extension, indicating a possible degree that might cap additional upward motion.

Potential Course: Bullish

Total momentum of the chart: Bullish

The worth may see a short-term pullback towards the pivot earlier than rising once more towards the first resistance.

Pivot: 157.87

Supporting causes: Recognized as a pullback help, the place renewed shopping for stress may emerge to push the worth increased.

1st help: 156.84

Supporting causes: Recognized as an overlap help, indicating a robust space the place patrons may return, and the worth may stabilize as soon as once more.

1st resistance: 160.09

Supporting causes: Recognized as a resistance that’s supported by the 161.8% Fibonacci extension. This degree represents the subsequent key space the place upward motion could possibly be capped amid elevated promoting stress

Potential Course: Bullish                                                                                                                                                                                      

Total momentum of the chart: Bearish

The worth may see a short-term pullback towards the pivot earlier than rising once more towards the first resistance.

Pivot: 1.3859

Supporting causes: Recognized as an overlap help that aligns with the 23.6% Fibonacci retracement, the place renewed shopping for stress may emerge to push the worth increased.

1st help: 1.3799

Supporting causes: Recognized as an overlap help that aligns with the 38.2% Fibonacci retracement, indicating a key degree the place the worth may stabilize as soon as extra.

1st resistance: 1.3916

Supporting causes: Recognized as a swing excessive resistance, making it a attainable goal for bullish advances and a degree the place some sellers may return to cap beneficial properties

Potential Course: Bearish

Total momentum of the chart: Bullish

The worth may see a short-term pullback towards the pivot earlier than persevering with its bearish transfer down towards the first help.

Pivot: 0.6722

Supporting causes: Recognized as an overlap resistance, the place promoting pressures may intensify and doubtlessly cap any upward retracement.

1st help: 0.6661

Supporting causes: Recognized as an overlap help that aligns with the 61.8% Fibonacci retracement, this space has supplied robust help traditionally and should appeal to shopping for curiosity for a possible short-term bounce

1st resistance: 0.6766

Supporting causes: Recognized as a swing excessive resistance, indicating a possible space that might halt any additional upward motion.

Potential Course: Bearish

Total momentum of the chart: Bullish

The worth may see a short-term pullback towards the pivot earlier than persevering with its bearish transfer down towards the first help.

Pivot: 0.5770

Supporting causes: Recognized as an overlap resistance, the place promoting pressures may intensify and doubtlessly cap any upward retracement.

1st help: 0.5690

Supporting causes: Recognized as a pullback help, this space has supplied robust help traditionally and should appeal to shopping for curiosity for a possible short-term bounce

1st resistance: 0.5796

Supporting causes: Recognized as an overlap resistance, indicating a possible space that might halt any additional upward motion.

Potential Course: Bullish

Total momentum of the chart: Bullish

The worth may see a short-term pullback towards the pivot earlier than rising once more towards the first resistance.

Pivot: 48,844.50

Supporting causes: Recognized as a pullback help, the place renewed shopping for stress may emerge to push the worth increased.

1st help: 48,330.52

Supporting causes: Recognized as an overlap help, suggesting a possible space the place the worth may stabilize as soon as once more.

1st resistance: 49,617.45

Supporting causes: Recognized as a multi-swing excessive resistance, indicating a possible space that might halt any additional upward motion.

Potential Course: Bullish

Total momentum of the chart: Bullish

The worth may see a short-term pullback towards the pivot earlier than rising once more towards the first resistance.

Pivot: 24,687.00

Supporting causes: Recognized as a pullback help, the place renewed shopping for stress may emerge to push the worth increased.

1st help: 24,203.80

Supporting causes: Recognized as an overlap help, indicating a key degree the place the worth may stabilize as soon as extra.

1st resistance: 25,501.92

Supporting causes: Recognized as a resistance that’s supported by the 161.8% Fibonacci extension, indicating a possible space that might halt any additional upward motion.

Potential Course: Bullish

Total momentum of the chart: Bullish

The worth has already bounced off the pivot and should proceed its bullish transfer towards the first resistance

Pivot: 6,892.80

Supporting causes: Recognized as an overlap help that aligns with the 61.8% Fibonacci retracement, the place renewed shopping for stress may emerge to push the worth increased.

1st help: 6,823.20

Supporting causes: Recognized as an overlap help, indicating a possible degree the place the worth may stabilize as soon as once more.

1st resistance: 6,997.80

Supporting causes: Recognized as a swing excessive resistance, indicating a possible space that might halt any additional upward motion.

Potential Course: Bullish

Total momentum of the chart: Bearish

The worth may see a short-term pullback towards the pivot earlier than rising once more towards the first resistance.

Pivot: 94,194.50

Supporting causes: Recognized as a pullback help, the place renewed shopping for stress may emerge to push the worth increased.

1st help: 91,670.00

Supporting causes: Recognized as an overlap help, indicating a possible degree the place the worth may stabilize as soon as extra.

1st resistance: 98,880.63

Supporting causes: Recognized as a pullback resistance that aligns with the 161.8% Fibonacci extension, indicating a possible space that might halt any additional upward motion.

Potential Course: Bullish

Total momentum of the chart: Bullish

The worth may see a short-term pullback towards the pivot earlier than rising once more towards the first resistance.

Pivot: 3,192.74

Supporting causes: Recognized as a pullback help that aligns with the 61.8% Fibonacci retracement, the place renewed shopping for stress may emerge to push the worth increased.

1st help: 3,051.82

Supporting causes: Recognized as an overlap help, indicating a possible degree the place the worth may stabilize as soon as extra.

1st resistance: 3,403.56
Supporting causes: Recognized as an overlap resistance, indicating a possible space that might halt any additional upward motion.

Potential Course: Bullish

Total momentum of the chart: Bullish

The worth has already bounced off the pivot and should proceed its bullish transfer towards the first resistance

Pivot: 60.26

Supporting causes: Recognized as a pullback help, the place renewed shopping for stress may emerge to push the worth increased.

1st help: 56.69
Supporting causes: Recognized as an overlap help, indicating a key degree the place the worth may stabilize as soon as extra.

1st resistance: 62.16
Supporting causes: Recognized as a swing excessive resistance that aligns with the 161.8% Fibonacci projection, indicating a possible space that might halt any additional upward motion.

Potential Course: Bullish

Total momentum of the chart: Bullish

The worth may see a short-term pullback towards the pivot earlier than rising once more towards the first resistance.

Pivot: 4,549.86

Supporting causes: Recognized as a pullback help that aligns with the 38.2% Fibonacci retracement, the place renewed shopping for stress may emerge to push the worth increased.

1st help: 4,500.59
Supporting causes: Recognized as a pullback help that aligns with the 61.8% Fibonacci retracement, indicating a key degree the place the worth may stabilize as soon as extra.

1st resistance: 4,641.78
Supporting causes: Recognized as a swing excessive resistance, indicating a possible space that might halt any additional upward motion.

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