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Thursday, March 5, 2026

Wednesday 4th March 2026: Technical Outlook and Overview | IC Markets

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Potential Path: Bullish

Total momentum of the chart: Bearish

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

Pivot: 98.39

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

1st assist: 97.50

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

1st resistance: 99.49
Supporting causes: Recognized as an overlap resistance, indicating a possible space that would halt any 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 rising once more towards the first resistance.

Pivot: 1.1680

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

1st assist: 1.1550

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

1st resistance: 1.1755

Supporting causes: Recognized as a pullback resistance, indicating a possible degree that would 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 rising once more towards the first resistance.

Pivot: 183.88

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

1st assist: 182.21
Supporting causes: Recognized as an overlap assist, indicating a possible space the place the worth might once more stabilize.

1st resistance: 184.68
Supporting causes: Recognized as an overlap resistance, indicating a possible degree that would 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 rising once more towards the first resistance.

Pivot: 0.8718

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

1st assist: 0.8675
Supporting causes: Recognized as an overlap assist, indicating a possible space the place the worth might stabilize as soon as extra.

1st resistance: 0.8745
Supporting causes: Recognized as a pullback resistance, indicating a possible degree that would 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: 1.3416

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

1st assist: 1.3664
Supporting causes: Recognized as an overlap assist, indicating a possible space the place the worth might stabilize as soon as extra.

1st resistance: 1.3528
Supporting causes: Recognized as a pullback resistance, indicating a possible degree that would halt additional upward motion.

Potential Path: Bullish

Total momentum of the chart: Bullish

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

Pivot: 209.64

Supporting causes: Recognized as an overlap assist, the place renewed shopping for strain might emerge to push the worth larger.

1st assist: 207.16
Supporting causes: Recognized as an overlap assist, indicating a possible degree the place the worth might stabilize as soon as extra.

1st resistance: 212.22
Supporting causes: Recognized as an overlap resistance that aligns with the 61.8% Fibonacci retracement, indicating a possible degree that would halt additional upward motion.

Potential Path: Bullish

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: 0.7762

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

1st assist: 0.7678
Supporting causes: Recognized as an overlap assist, indicating a possible degree the place the worth might stabilize as soon as once more.

1st resistance: 0.7861
Supporting causes: Recognized as an overlap resistance that aligns with the 61.8% Fibonacci retracement, indicating a possible degree that would 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: 156.38

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

1st assist: 155.43

Supporting causes: Recognized as an overlap assist, indicating a powerful space the place consumers may return, and the worth might stabilize as soon as once more.

1st resistance: 157.78

Supporting causes: Recognized as an overlap resistance. This degree represents the following key space the place upward motion could possibly be capped amid elevated promoting strain

Potential Path: Bearish                                                                                                                                                                                  

Total momentum of the chart: Bearish

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

Pivot: 1.3710

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

1st assist: 1.3633

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

1st resistance: 1.3798

Supporting causes: Recognized as a pullback resistance, making it a doable goal for bullish advances and a degree the place some sellers might return to cap positive factors

Potential Path: Bearish

Total momentum of the chart: Bullish

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

Pivot: 0.7055

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

1st assist: 0.6924

Supporting causes: Recognized as a swing low assist, this space has supplied sturdy assist traditionally and will entice shopping for curiosity for a possible short-term bounce

1st resistance: 0.7148

Supporting causes: Recognized as a swing excessive resistance, indicating a possible space that would halt any 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: 0.5949

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

1st assist: 0.5853

Supporting causes: Recognized as a pullback assist that aligns with the 61.8% Fibonacci retracement, this space has supplied sturdy assist traditionally and will entice shopping for curiosity for a possible short-term bounce

1st resistance: 0.6010

Supporting causes: Recognized as an overlap resistance, indicating a possible space that would halt any 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: 48,837.10

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

1st assist: 47,804.40

Supporting causes: Recognized as a swing low assist, suggesting a possible space the place the worth might stabilize as soon as once more.

1st resistance: 49,296.40

Supporting causes: Recognized as an overlap resistance, indicating a possible space that would halt any 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: 24,353.40

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: 23,659.00

Supporting causes: Recognized as a pullback assist, indicating a key degree the place the worth might stabilize as soon as extra.

1st resistance: 24,697.60

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

Potential Path: Bearish

Total momentum of the chart: Bullish

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

Pivot: 6,836.60

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: 6,729.00

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

1st resistance: 6,945.70

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

Potential Path: Bullish

Total momentum of the chart: Bearish

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

Pivot: 66,618.44

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

1st assist: 63,168.73

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

1st resistance: 70,492.10

Supporting causes: Recognized as a swing excessive resistance, indicating a possible space that would 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: 1,965.05

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

1st assist: 1,793.66

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

1st resistance: 2,152.86
Supporting causes: Recognized as an overlap resistance, indicating a possible space that would 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: 67.18

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

1st assist: 63.82
Supporting causes: Recognized as an overlap assist, indicating a key degree the place the worth might stabilize as soon as extra.

1st resistance: 76.77
Supporting causes: Recognized as a swing excessive resistance, indicating a possible space that would halt any 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: 5,249.76

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

1st assist: 5.009.24
Supporting causes: Recognized as an overlap assist, indicating a key degree the place the worth might stabilize as soon as extra.

1st resistance: 5,570.94
Supporting causes: Recognized as a swing excessive resistance, indicating a possible space that would halt any additional upward motion.

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