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Thursday, February 5, 2026

Wednesday 4th February 2026: Technical Outlook and Assessment | IC Markets

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Potential Route: Bearish

General momentum of the chart: Bearish

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

Pivot: 97.85

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

1st help: 96.44

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

1st resistance: 98.70
Supporting causes: Recognized as a pullback resistance, indicating a possible space that would halt any additional upward motion

Potential Route: Bullish

General momentum of the chart: Bullish

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

Pivot: 1.1749

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

1st help: 1.1691

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

1st resistance: 1.1855

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

Potential Route: Bearish

General 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: 185.53

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

1st help: 181.69
Supporting causes: Recognized as an overlap help, indicating a possible space the place the worth may once more stabilize.

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

Potential Route: Bearish
General 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: 0.8653

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

1st help: 0.8614
Supporting causes: Recognized as a help that aligns with the 161.8% Fibonacci extension, indicating a possible space the place the worth may stabilize as soon as extra.

1st resistance: 0.8695
Supporting causes: Recognized as an overlap resistance, indicating a possible degree that would cap additional upward motion.

Potential Route: Bullish
General 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: 1.3550

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 larger.

1st help: 1.3482
Supporting causes: Recognized as an overlap help, indicating a possible space the place the worth may stabilize as soon as extra.

1st resistance: 1.3713
Supporting causes: Recognized as an overlap resistance, indicating a possible degree that would halt additional upward motion.

Potential Route: Bullish

General 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: 211.96

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

1st help: 210.04
Supporting causes: Recognized as a 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 would halt additional upward motion.

Potential Route: Bearish

General momentum of the chart: Bearish

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

Pivot: 0.7858

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

1st help: 0.7697
Supporting causes: Recognized as a pullback help, indicating a possible degree the place the worth may stabilize as soon as once more.

1st resistance: 0.7955
Supporting causes: Recognized as an overlap resistance that aligns with the 78.6%  Fibonacci retracement, indicating a possible degree that would cap additional upward motion.

Potential Route: Bearish

General 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: 156.30

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

1st help: 154.51

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

1st resistance: 157.71

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

Potential Route: Bearish                                                                                                                                                                                  

General momentum of the chart: Bearish

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

Pivot: 1.3675

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

1st help: 1.3575

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: 1.3746

Supporting causes: Recognized as a pullback resistance that aligns with the 61.8%  Fibonacci retracement, making it a attainable goal for bullish advances and a degree the place some sellers may return to cap positive factors

Potential Route: Bullish

General momentum of the chart: Bullish

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

Pivot: 0.6934

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 larger.

1st help: 0.6760

Supporting causes: Recognized as a pullback help that aligns with the 78.6%% Fibonacci retracement, this space has supplied sturdy help traditionally and will appeal to shopping for curiosity for a possible short-term bounce

1st resistance: 0.7091

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

Potential Route: Bullish

General momentum of the chart: Bullish

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

Pivot: 0.5991

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

1st help: 0.5913

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

1st resistance: 0.6089

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

Potential Route: Bullish

General momentum of the chart: Bullish

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

Pivot: 48,845./78

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

1st help: 48,374.74

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

1st resistance: 49,623.34

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

Potential Route: Bearish

General 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: 25,217.56

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

1st help: 24,526.60

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

1st resistance: 25,508.47

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

Potential Route: Bullish

General 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: 6,849.45

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

1st help: 6,764.64

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

1st resistance: 7,007.13

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

Potential Route: Bearish

General momentum of the chart: Bearish

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

Pivot: 78,900.29

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

1st help: 71,355.99

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

1st resistance: 81,066.83

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

Potential Route: Bearish

General 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: 2,347.54

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

1st help: 2,156.14

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

1st resistance: 2,520.54
Supporting causes: Recognized as a pullback resistance, indicating a possible space that would halt any additional upward motion.

Potential Route: Bullish

General momentum of the chart: Bullish

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

Pivot: 61.58

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

1st help: 60.27
Supporting causes: Recognized as an overlap help, indicating a key degree the place the worth may stabilize as soon as extra.

1st resistance: 64.09
Supporting causes: Recognized as a pullback resistance, indicating a possible space that would halt any additional upward motion.

Potential Route: Bearish

General momentum of the chart: Bullish

The worth is approaching the pivot and will make a bearish response off it, doubtlessly persevering with its bearish transfer towards the primary help

Pivot: 5,111.04

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

1st help: 4,887.40
Supporting causes: Recognized as an overlap help, indicating a key degree the place the worth may stabilize as soon as extra.

1st resistance: 5,576.33
Supporting causes: Recognized as a swing excessive resistance, indicating a possible space that would halt any additional upward motion.

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