Daily market overview EURUSD, USDJPY, AUDUSD, NZDUSD, USDCAD, GBPUSD, BITCOIN
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USDJPY
The pair is bouncing from 101 level flash crash. We need to see a break above the 108.500 for the downside continuation invalidation. The ARMAT trading system is bearish.
Note: look for the short trade entries with the stop loss above 108.500
EURUSD
The pair is pulling back to a deep retest of the 1.09500-1.10000 zone
The ARMAT trading system is bullish.
Note: look for the long trade entries with the stop loss below 1.08000
AUDUSD
The pair is breaking below the long term horizontal resistance 0.6000
The ARMAT trading system is bearish.
Note: stay away from the trade entries for now
NZDUSD
Pair is breaking below the LT downside resistance 0.6000
ARMAT trading system is bearish
Note: look for the stop loss above the 0.5900 level
USDCAD
The pair testing the long-term resistance 1.4300 level after the congestion 1.3800 level break. A daily close above the 1.4300 is required for an upside continuation. We could see a retrace from here.
ARMAT trading system is neutral
Note: stay away from the trade entries for now
GBPUSD
The pair is testing the historical low 1.1950 level. Look for the reaction here. The ARMAT trading system is bearish.
Note: stay away from the trade entries
Bitcoin
The instrument is breaking below the 6000 which is now downside support. Look for a retest of this level
ARMAT trading system is pointing neutral.
Note: stay away from the trade entries for now
The daily market overview is a comprehensive look at all market classes and it will give you the full daily insight of the market positioning for further actions.
Technical analysis of instruments listed here is just an indication of possible price movement and does not indicate any trade action which could be initiated by investors and members of this site. Daily market overview