Daily market overview DXY, XAUUSD, OIL, S&P500, DAX, EURUSD, USDJPY, AUDUSD, NZDUSD, USDCAD, GBPUSD, BITCOIN
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DXY-USDollar index
The instrument broke below the conoslidation triangle and is reaching an important downside resistance 89-89.50 zone. The support/resistance zone is being tested and the instrument bounce for a test of 91 and 92 possibly.
Note: the swing back to a support 91 could be in progress
XAUUSD-GOLD
Gold is rejected from the 1350 level and is pulling back into the 1300 level. Look for a reaction from here for a continuation lower or an extension higher
Note: the instrument is reaching the key level stay away from the trade entries if you are not already short
OIL
The instrument is pulling back for a retest of the uptrend 58-60 zone.
Note: stay away from the trade entries for now if you are not short already.
DAX
DAX is breaking below the rising trendline and we could see a deeper pullback into the 100 SMA 11597 level.
Note: look only for the short trade entreis with the SL above 12800
S&P500
S&P500 is being rejected by the 2850 level and is pulling back. We have reached now a strong uptrend support 2540 level. The downside support is 2639
Note: stay away from the trade entries for now
EURUSD
The pair is reaching the long term key upside resistance 1.25000 level. Look for a little pullback from here. A bearish wedge formation has been broken below 1.23500 level and we could see a deeper pullback into the 1.2200 level. A test of 1.2200 is in progress.
Note: stay away from the trade entries for now if you are not already short
USDJPY
The pair is bouncing from the 108.400 for a possible retest of a broken resistance, now downside support 110 level
Note: Stay away from the trade entries for now whilethe pair is testing the 108.500 level
AUDUSD
The pair is being rejected by the 0.8100 of resistance and we are seeing a pullback for a test of the uptrend support 0.7700-0.7800 zone which is on the way now.
Note: stay away from the trade entries if you are not short already
NZDUSD
The pair is testing the strong resistance 0.7400 level and is being rejected. Look for a deeper pullback into the 0.7150 level
Note: stay away from the trade entries for now
USDCAD
The pair is breaking above the wedge 1.2400 level with the confirmation. We could see an extended upside nowif we will get a break above the 1.2600 level.
Note: Stay away from the trade entries for now if you are not already long as the pair is testing the key 1.2563 resistance level.
GBPUSD
The pair is reaching an important resistance 1.4300 level and is pulling back. Deper pullback is on the way all the way to 1.3500 level
Note: look only for the short trade entries with the SL above 1.3900 level.
Bitcoin
The instrument is bouncing from the 200 SMA 7200 level and we could see an extended upside into the 10000 level.
Note: look only for the buy entreis with the SL below 7200
The daily market overview is the comprehensive look at all market classes and it will give you the full daily insight of the market positioning for further actions.
Technical analysis on 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.