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Wednesday, April 29, 2026

Wednesday twenty ninth April 2026: Technical Outlook and Evaluate

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DXY (U.S. Greenback Index):

Potential Course: Bullish

Total momentum of the chart: Bearish

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

Pivot: 98.27

Supporting causes: Recognized as an overlap assist, the place renewed shopping for stress may emerge to push the value increased.

1st assist: 97.82

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

1st resistance: 99.32
Supporting causes: Recognized as an overlap  resistance, indicating a possible space that might halt any additional upward motion

EUR/USD:

Potential Course: Bearish

Total momentum of the chart: Bullish

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

Pivot: 1.1720

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

1st assist: 1.1639

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

1st resistance: 1.1851

Supporting causes: Recognized as an overlap resistance, indicating a possible degree that might cap additional upward motion.

EUR/JPY:

Potential Course: Bearish

Total momentum of the chart: Bullish

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

Pivot: 187.10

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

1st assist: 186.10
Supporting causes: Recognized as an overlap assist  that aligns with the 38.2% Fibonacci retracement, indicating a possible space the place the value may once more stabilize.

1st resistance: 187.88
Supporting causes: Recognized as a swing excessive resistance, indicating a possible degree that might cap additional upward motion.

EUR/GBP:

Potential Course: Bearish
Total 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 assist.

Pivot: 0.8677

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

1st assist: 0.8645
Supporting causes: Recognized as an overlap assist, indicating a possible space the place the value may stabilize as soon as extra.

1st resistance: 0.8721
Supporting causes: Recognized as a swing excessive resistance, indicating a possible degree that might cap additional upward motion.

GBP/USD:

Potential Course: Bearish
Total momentum of the chart: Bullish

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

Pivot:1.3554

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

1st assist: 1.3460
Supporting causes: Recognized as a swing low assist, indicating a possible space the place the value may stabilize as soon as extra.

1st resistance: 1.3598
Supporting causes: Recognized as a pullback resistance, indicating a possible degree that might halt additional upward motion.

GBP/JPY:

Potential Course: Bullish

Total momentum of the chart: Bullish

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

Pivot: 215.01

Supporting causes: Recognized as an overlap assist, the place renewed shopping for stress may emerge to push the value increased.

1st assist: 213.30
Supporting causes: Recognized as a pullback assist, indicating a possible degree the place the value may stabilize as soon as extra.

1st resistance: 217.09
Supporting causes: Recognized as a resistance that aligns with the 161.8% Fibonacci extension, indicating a possible degree that might halt additional upward motion.

USD/CHF:

Potential Course: Bearish

Total momentum of the chart: Bearish

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

Pivot: 0.7917

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

1st assist: 0.7839
Supporting causes: Recognized as an overlap assist, indicating a possible degree the place the value may stabilize as soon as once more.

1st resistance: 0.7013
Supporting causes: Recognized as a multi swing excessive resistance, indicating a possible degree that might cap additional upward motion.

USD/JPY:

Potential Course: Bullish

Total momentum of the chart: Bullish

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

Pivot: 159.11

Supporting causes: Recognized as an overlap assist, the place renewed shopping for stress may emerge to push the value increased.

1st assist: 157.66

Supporting causes: Recognized as an overlap assist, indicating a robust space the place patrons would possibly return, and the value may stabilize as soon as once more.

1st resistance: 160.44

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

USD/CAD:

Potential Course: Bullish                                                                                                                                                                

Total momentum of the chart: Bullish

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

Pivot: 1.3602

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

1st assist: 1.3544

Supporting causes: Recognized as a swing low assist, indicating a key degree the place the value may stabilize as soon as extra.

1st resistance: 1.3702

Supporting causes: Recognized as an overlap resistance, making it a potential goal for bullish advances and a degree the place some sellers may return to cap positive aspects

AUD/USD:

Potential Course: Bullish

Total 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: 0.7089

Supporting causes: Recognized as a pullback assist that aligns with the 38.2% Fibonacci retracement, the place renewed shopping for stress may emerge to push the value increased.

1st assist: 0.6999

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

1st resistance: 0.7210

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

NZD/USD

Potential Course: Bearish

Total momentum of the chart: Bullish

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

Pivot: 0.5919

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

1st assist: 0.5775

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

1st resistance: 0.5957

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

US30 (DJIA):

Potential Course: Bullish

Total momentum of the chart: Bullish

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

Pivot: 48,869.55

Supporting causes: Recognized as an overlap assist, the place renewed shopping for stress may emerge to push the value increased.

1st assist: 48.222.47

Supporting causes: Recognized as a pullback assist, suggesting a possible space the place the value may stabilize as soon as once more.

1st resistance: 49,777.46

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

DE40 (DAX):

Potential Course: Bullish

Total momentum of the chart: Bullish

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

Pivot: 23,968.53

Supporting causes: Recognized as an overlap assist, the place renewed shopping for stress may emerge to push the value increased.

1st assist: 23,407.60

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

1st resistance: 24,717.71

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

US500 (S&P 500):

Potential Course: Bullish

Total momentum of the chart: Bullish

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

Pivot: 7,131.75

Supporting causes: Recognized as an overlap assist, the place renewed shopping for stress may emerge to push the value increased.

1st assist: 7,039.33

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

1st resistance: 7,241.47

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.

BTC/USD (Bitcoin):

Potential Course: Bearish

Total momentum of the chart: Bearish

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

Pivot: 77,325.60

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

1st assist: 74,748.41

Supporting causes: Recognized as an overlap assist, indicating a possible degree the place the value may stabilize as soon as extra.

1st resistance: 79,412.15

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

ETH/USD (Ethereum):

Potential Course: Bullish

Total momentum of the chart: Bullish

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

Pivot: 2,2257.95

Supporting causes: Recognized as an overlap assist, the place renewed shopping for stress may emerge to push the value increased.

1st assist: 2,169.68

Supporting causes: Recognized as an overlap assist, indicating a possible degree the place the value may stabilize as soon as extra.

1st resistance: 2,423.81
Supporting causes: Recognized as a swing excessive resistance, indicating a possible space that might halt any additional upward motion.

WTI/USD (Oil):

Potential Course: Bullish

Total momentum of the chart: Bullish

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

Pivot: 94.78

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

1st assist: 84.86
Supporting causes: Recognized as an overlap assist, indicating a key degree the place the value may stabilize as soon as extra.

1st resistance: 105.53
Supporting causes: Recognized as an overlap resistance, indicating a possible space that might halt any additional upward motion.

XAU/USD (GOLD):

Potential Course: Bearish

Total 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 assist.

Pivot: 4,622.65

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

1st assist: 4,473.37
Supporting causes: Recognized as a pullback assist, indicating a key degree the place the value may stabilize as soon as extra.

1st resistance: 4,696.75
Supporting causes: Recognized as an overlap resistance, indicating a possible space that might halt any additional upward motion.

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The put up Wednesday twenty ninth April 2026: Technical Outlook and Evaluate first appeared on IC Your Buying and selling Edge | Official Weblog.

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