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Saturday, May 9, 2026

Friday eighth Could 2026: Technical Outlook and Overview

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DXY (U.S. Greenback Index):

Potential Course: Bearish

General 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 help

Pivot: 98.27

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

1st help: 97.62

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

1st resistance: 99.00
Supporting causes: Recognized as an overlap  resistance, indicating a possible space that would halt any additional upward motion

EUR/USD:

Potential Course: Bullish

General 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: 1.1714

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

1st help: 1.1661

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

1st resistance: 1.1796

Supporting causes: Recognized as a swing excessive resistance, indicating a possible degree that would cap additional upward motion.

EUR/JPY:

Potential Course: Bearish

General 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 help

Pivot: 184.76

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

1st help: 182.74
Supporting causes: Recognized as an overlap help, indicating a possible space the place the worth might once more stabilize.

1st resistance: 186.23
Supporting causes: Recognized as a swing excessive resistance that aligns with the 78.6% Fibonacci retracement, indicating a possible degree that would cap additional upward motion.

EUR/GBP:

Potential Course: Bearish
General 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 help.

Pivot: 0.8653

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 help: 0.8617
Supporting causes: Recognized as an overlap help, indicating a possible space the place the worth might stabilize as soon as extra.

1st resistance: 0.8676
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.

GBP/USD:

Potential Course: Bullish
General 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: 1.3554

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

1st help: 1.3458
Supporting causes: Recognized as a swing low help, indicating a possible space the place the worth might stabilize as soon as extra.

1st resistance: 1.3630
Supporting causes: Recognized as a swing excessive resistance, indicating a possible degree that would halt additional upward motion.

GBP/JPY:

Potential Course: Bearish

General 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 help.

Pivot: 214.04

Supporting causes: Recognized as an overlap resistance that aligns with the 61.8% Fibonacci retracement, the place promoting pressures might intensify and doubtlessly cap any upward retracement.

1st help: 211.43
Supporting causes: Recognized as an overlap help, indicating a possible degree the place the worth might stabilize as soon as extra.

1st resistance: 214.90
Supporting causes: Recognized as a pullback resistance, indicating a possible degree that would halt additional upward motion.

USD/CHF:

Potential Course: Bearish

General 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 help.

Pivot: 0.7836

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 help: 0.7760
Supporting causes: Recognized as a swing low help, indicating a possible degree the place the worth might stabilize as soon as once more.

1st resistance: 0.7917
Supporting causes: Recognized as an overlap resistance, indicating a possible degree that would cap additional upward motion.

USD/JPY:

Potential Course: Bearish

General 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 help.

Pivot: 157.88

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 help: 155.54

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

1st resistance: 159.03

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

USD/CAD:

Potential Course: Bullish                                                                                                                                                           

General 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: 1.3641

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

1st help: 1.3550

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

1st resistance: 1.3704

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 beneficial properties

AUD/USD:

Potential Course: Bullish

General 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: 0.7190

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

1st help: 07150

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

1st resistance: 0.7257

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

NZD/USD

Potential Course: Bullish

General 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: 0.5920

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

1st help: 0.5873

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

1st resistance: 0.6036

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

US30 (DJIA):

Potential Course: Bullish

General 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: 49,485.20

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

1st help: 48,894.00

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

1st resistance: 50,814.80

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

DE40 (DAX):

Potential Course: Bullish

General 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: 24,342.10

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

1st help: 23,665.10

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

1st resistance: 25,126.34

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

US500 (S&P 500):

Potential Course: Bullish

General 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: 7,270.00

Supporting causes: Recognized as an overlap help that aligns with the 50% Fibonacci retracement, the place renewed shopping for strain might emerge to push the worth greater.

1st help: 7,179.02

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

1st resistance: 7,384.90

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

BTC/USD (Bitcoin):

Potential Course: Bullish

General 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: 79,508.18

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

1st help: 77,288.07

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

1st resistance: 82,811.88

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

ETH/USD (Ethereum):

Potential Course: Bullish

General 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: 2,299.83

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

1st help: 2,218.98

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

1st resistance: 2,325.37
Supporting causes: Recognized as a pullback resistance, indicating a possible space that would halt any additional upward motion.

WTI/USD (Oil):

Potential Course: Bearish

General 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 help

Pivot: 101.24

Supporting causes: Recognized as a pullback resistance that aligns with the 61.8% Fibonacci retracement , the place promoting pressures might intensify and doubtlessly cap any upward retracement.

1st help: 90.46
Supporting causes: Recognized as a pullback help, indicating a key degree the place the worth might stabilize as soon as extra.

1st resistance: 110.90
Supporting causes: Recognized as a swing excessive resistance, indicating a possible space that would halt any additional upward motion.

XAU/USD (GOLD):

Potential Course: Bullish

General 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: 4631.82

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

1st help: 4,510.30
Supporting causes: Recognized as a swing low help, indicating a key degree the place the worth might stabilize as soon as extra.

1st resistance: 4,767.70
Supporting causes: Recognized as an overlap resistance, indicating a possible space that would halt any additional upward motion.

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The publish Friday eighth Could 2026: Technical Outlook and Overview first appeared on IC Your Buying and selling Edge | Official Weblog.

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