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Thursday, March 12, 2026

Wednesday eleventh March 2026: Technical Outlook and Assessment

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DXY (U.S. Greenback Index):

Potential Path: Bullish

General momentum of the chart: Bearish

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

Pivot: 98.39

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

1st help: 97.50

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

EUR/USD:

Potential Path: Bearish

General momentum of the chart: Bullish

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

Pivot: 1.1680

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: 1.1513

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

1st resistance: 1.1755

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

EUR/JPY:

Potential Path: Bearish

General momentum of the chart: Bullish

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

Pivot: 183.88

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: 182.21
Supporting causes: Recognized as an overlap help, indicating a possible space the place the worth may once more stabilize.

1st resistance: 184.68
Supporting causes: Recognized as an overlap resistance, indicating a possible stage that would cap additional upward motion.

EUR/GBP:

Potential Path: Bearish
General momentum of the chart: Bullish

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

Pivot: 0.8675

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

1st help: 0.8618
Supporting causes: Recognized as a 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, indicating a possible stage that would cap additional upward motion.

GBP/USD:

Potential Path: 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: 1.3376

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

1st help: 1.3274
Supporting causes: Recognized as an overlap help, indicating a possible space the place the worth may stabilize as soon as extra.

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

GBP/JPY:

Potential Path: 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: 211.06

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

1st help: 209.56
Supporting causes: Recognized as an overlap help, indicating a possible stage the place the worth may stabilize as soon as extra.

1st resistance: 212.77
Supporting causes: Recognized as a pullback resistance, indicating a possible stage that would halt additional upward motion.

USD/CHF:

Potential Path: Bullish

General momentum of the chart: Bearish

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

Pivot: 0.7762

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

1st help: 0.7678
Supporting causes: Recognized as an overlap help, indicating a possible stage the place the worth may 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 stage that would cap additional upward motion.

USD/JPY:

Potential Path: Bullish

General momentum of the chart: Bullish

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

Pivot: 157.53

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

1st help: 156.70

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

1st resistance: 158.89

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

USD/CAD:

Potential Path: 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: 1.3628

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: 1.3525

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

1st resistance: 1.3710

Supporting causes: Recognized as amulti swing excessive resistance, making it a potential goal for bullish advances and a stage the place some sellers may return to cap features

AUD/USD:

Potential Path: 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: 0.7076

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

1st help: 0.6945

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

1st resistance: 0.7187

Supporting causes: Recognized as a resistance that aligns with the 127.2% Fibonacci extension, indicating a possible space that would halt any additional upward motion.

NZD/USD

Potential Path: Bearish

General momentum of the chart: Bullish

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

Pivot: 0.5949

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: 0.5853

Supporting causes: Recognized as an overlap help, this space has offered robust help traditionally and should 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.

US30 (DJIA):

Potential Path: Bullish

General momentum of the chart: Bullish

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

Pivot: 47,804.40

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

1st help: 46,365.00

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

1st resistance: 48,802.62

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

DE40 (DAX):

Potential Path: 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: 23.650.62

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

1st help: 22,796.40

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

1st resistance: 24,353.40

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.

US500 (S&P 500):

Potential Path: 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: 6,727.02

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

1st help: 6,586.70

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

1st resistance: 6,836.65

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

BTC/USD (Bitcoin):

Potential Path: Bullish

General 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: 69,426.26

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

1st help: 67,485.77

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

1st resistance: 73,346.69

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

ETH/USD (Ethereum):

Potential Path: 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: 2,014.60

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

1st help: 1,923.47

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

1st resistance: 2,173.04
Supporting causes: Recognized as a swing excessive resistance, indicating a possible space that would halt any additional upward motion.

WTI/USD (Oil):

Potential Path: 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: 78.03

Supporting causes: Recognized as a pullback help that aligns with the 78.6% Fibonacci retracement, the place renewed shopping for stress may emerge to push the worth increased.

1st help: 67.40
Supporting causes: Recognized as an overlap help that aligns with the 78.6% Fibonacci retracement, indicating a key stage the place the worth may stabilize as soon as extra.

1st resistance: 115.10
Supporting causes: Recognized as a swing excessive resistance, indicating a possible space that would halt any additional upward motion.

XAU/USD (GOLD):

Potential Path: Bearish

General momentum of the chart: Bullish

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

Pivot: 5,237.28

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: 5.020.11
Supporting causes: Recognized as an overlap help, indicating a key stage the place the worth may stabilize as soon as extra.

1st resistance: 5,316.17
Supporting causes: Recognized as a pullback resistance, indicating a possible space that would halt any additional upward motion.

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The publish Wednesday eleventh March 2026: Technical Outlook and Assessment first appeared on IC Your Buying and selling Edge | Official Weblog.

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