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Wednesday, February 4, 2026

Wednesday twenty eighth January 2026: Technical Outlook and Assessment | IC Markets

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Potential Path: Bearish

Total momentum of the chart: Bearish

The value might see a short-term pullback towards the pivot earlier than persevering with its bearish transfer down towards the first assist.

Pivot: 96.57

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

1st assist: 94.95

Supporting causes: Recognized as a assist that aligns with the 361.8% Fibonacci extension, indicating a possible space the place the worth might once more stabilize.

1st resistance: 97.74
Supporting causes: Recognized as a pullback resistance, indicating a possible space that might halt any additional upward motion

Potential Path: Bullish

Total momentum of the chart: Bullish

The value might see a short-term pullback towards the pivot earlier than persevering with its bullish transfer towards the first resistance

Pivot: 1.1875

Supporting causes: Recognized as a pullback assist, the place renewed shopping for stress might emerge to push the worth larger.

1st assist: 1.1805

Supporting causes: Recognized as a pullback assist, indicating a possible stage the place the worth might stabilize as soon as once more.

1st resistance: 1.2092

Supporting causes: Recognized as a resistance that aligns with the 161.8% Fibonacci projection, indicating a possible stage that might cap additional upward motion.

Potential Path: Bearish

Total momentum of the chart: Bullish

The value might see a short-term pullback towards the pivot earlier than persevering with its bearish transfer down towards the first assist.

Pivot: 183.52

Supporting causes: Recognized as a pullback resistance that aligns with the 38.2% Fibonacci retracement, the place promoting pressures might intensify and doubtlessly cap any upward retracement.

1st assist: 181.72
Supporting causes: Recognized as an overlap assist, indicating a possible space the place the worth might once more stabilize.

1st resistance: 184.82
Supporting causes: Recognized as a pullback resistance that aligned with the 61.8% Fibonacci retracement, indicating a possible stage that might cap additional upward motion.

Potential Path: Bearish
Total momentum of the chart: Bullish

The value might see a short-term pullback towards the pivot earlier than persevering with its bearish transfer down towards the first assist.

Pivot: 0.8695

Supporting causes: Recognized as a pullback resistance that aligns with the 38.2% Fibonacci retracement, the place promoting pressures might intensify and doubtlessly cap any upward retracement.

1st assist: 0.8652
Supporting causes: Recognized as a multi-swing low assist, indicating a possible space the place the worth might stabilize as soon as extra.

1st resistance: 0.8745
Supporting causes: Recognized as an overlap resistance, indicating a possible stage that might cap additional upward motion.

Potential Path: Bullish
Total momentum of the chart: Bullish

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

Pivot: 1.3666

Supporting causes: Recognized as a pullback assist, the place renewed shopping for stress might emerge to push the worth larger.

1st assist: 1.3566
Supporting causes: Recognized as a pullback assist, indicating a possible space the place the worth might stabilize as soon as extra.

1st resistance: 1.3924
Supporting causes: Recognized as a swing resistance, indicating a possible stage that might halt additional upward motion.

Potential Path: Bearish

Total momentum of the chart: Bullish

The value might see a short-term pullback towards the pivot earlier than persevering with its bearish transfer down towards the first assist.

Pivot: 211.96

Supporting causes: Recognized as a pullback resistance that aligns with the 50% Fibonacci retracement, the place promoting pressures might intensify and doubtlessly cap any upward retracement.

1st assist: 208.94
Supporting causes: Recognized as a pullback assist, indicating a possible stage the place the worth might stabilize as soon as extra.

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

Potential Path: Bearish

Total momentum of the chart: Bearish

The value might see a short-term pullback towards the pivot earlier than persevering with its bearish transfer down towards the first assist.

Pivot: 0.7737

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

1st assist: 0.7589
Supporting causes: Recognized as a swing low assist, indicating a possible stage the place the worth might stabilize as soon as once more.

1st resistance: 0.7858
Supporting causes: Recognized as a pullback resistance, indicating a possible stage that might cap additional upward motion.

Potential Path: Bearish

Total momentum of the chart: Bullish

The value might see a short-term pullback towards the pivot earlier than persevering with its bearish transfer down towards the first assist.

Pivot: 154.67

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

1st assist: 15122

Supporting causes: Recognized as a swing low assist, indicating a powerful space the place patrons would possibly return, and the worth might stabilize as soon as once more.

1st resistance: 156.21

Supporting causes: Recognized as a pullback resistance. This stage represents the following key space the place upward motion may very well be capped amid elevated promoting stress

Potential Path: Bearish                                                                                                                                                                                  

Total momentum of the chart: Bearish

The value might see a short-term pullback towards the pivot earlier than persevering with its bearish transfer down towards the first assist.

Pivot: 1.3651

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

1st assist: 1.3564

Supporting causes: Recognized as a swing low assist that aligns with the 127.2% Fibonacci extension, indicating a key stage the place the worth might stabilize as soon as extra.

1st resistance: 1.3865

Supporting causes: Recognized as a swing excessive resistance that aligns with the 61.8% Fibonacci retracement, making it a attainable goal for bullish advances and a stage the place some sellers might return to cap features

Potential Path: Bullish

Total momentum of the chart: Bullish

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

Pivot: 0.6934

Supporting causes: Recognized as a pullback assist, the place renewed shopping for stress might emerge to push the worth larger.

1st assist: 0.6760

Supporting causes: Recognized as a pullback assist, this space has offered robust assist traditionally and should entice shopping for curiosity for a possible short-term bounce

1st resistance: 0.7221

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

Potential Path: Bullish

Total momentum of the chart: Bullish

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

Pivot: 0.5991

Supporting causes: Recognized as a pullback assist, the place renewed shopping for stress might emerge to push the worth larger.

1st assist: 0.5913

Supporting causes: Recognized as a pullback assist, this space has offered robust assist traditionally and should entice shopping for curiosity for a possible short-term bounce

1st resistance: 0.6121

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

Potential Path: Bullish

Total momentum of the chart: Bullish

The value might 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 assist that aligns with the 61.8% Fibonacci retracement, the place renewed shopping for stress might emerge to push the worth larger.

1st assist: 48,330.52

Supporting causes: Recognized as an overlap assist, suggesting a possible space the place the worth might 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 Path: Bullish

Total momentum of the chart: Bullish

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

Pivot: 24,455.54

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

1st assist: 23,870.49

Supporting causes: Recognized as an overlap assist, indicating a key stage the place the worth might stabilize as soon as extra.

1st resistance: 25,046.80.29

Supporting causes: Recognized as a pullback resistance that aligns with the 61.8% Fibonacci retracement, indicating a possible space that might halt any additional upward motion.

Potential Path: Bullish

Total momentum of the chart: Bullish

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

Pivot: 6,978.36

Supporting causes: Recognized as a pullback assist, the place renewed shopping for stress might emerge to push the worth larger.

1st assist: 6,892.90

Supporting causes: Recognized as an overlap assist, indicating a possible stage the place the worth might stabilize as soon as once more.

1st resistance: 7,131.67

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

Potential Path: Bearish

Total momentum of the chart: Bearish

The value might see a short-term pullback towards the pivot earlier than persevering with its bearish transfer down towards the first assist.

Pivot: 90,028.92

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

1st assist: 85,662.64

Supporting causes: Recognized as a swing low assist, indicating a possible stage the place the worth might stabilize as soon as extra.

1st resistance: 92,360

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

Potential Path: Bearish

Total momentum of the chart: Bullish

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

Pivot: 3,059.82

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

1st assist: 2,807.741

Supporting causes: Recognized as a swing low assist, indicating a possible stage the place the worth might stabilize as soon as extra.

1st resistance: 3,203.35
Supporting causes: Recognized as a pullback resistance, indicating a possible space that might halt any additional upward motion.

Potential Path: Bullish

Total momentum of the chart: Bullish

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

Pivot: 62.03

Supporting causes: Recognized as a pullback assist that aligns with the 50% Fibonacci retracement, the place renewed shopping for stress might emerge to push the worth larger.

1st assist: 56.92
Supporting causes: Recognized as a pullback assist, indicating a key stage the place the worth might stabilize as soon as extra.

1st resistance: 64.55
Supporting causes: Recognized as a resistance that aligns with the 161.8% Fibonacci extension, indicating a possible space that might halt any additional upward motion.

Potential Path: Bullish

Total momentum of the chart: Bullish

The value might see a short-term pullback towards the pivot earlier than persevering with its bullish transfer towards the first resistance

Pivot: 5,092.62

Supporting causes: Recognized as a pullback assist, the place renewed shopping for stress might emerge to push the worth larger.

1st assist: 4,966.31
Supporting causes: Recognized as a pullback assist, indicating a key stage the place the worth might stabilize as soon as extra.

1st resistance: 5,200
Supporting causes: Recognized as a swing excessive resistance, indicating a possible space that might halt any additional upward motion.

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