Daily market overview DXY, XAUUSD, OIL, S&P500, DAX, EURUSD, USDJPY, AUDUSD, NZDUSD, USDCAD, GBPUSD, BITCOIN
Click on the chart image to enlarge it
DXY-USDollar index
The instrument is recejted from the 90.70 level and we could see another test of 88.200 key resistance test.
Note: look for the reaction from 88.200-88.600 zone
XAUUSD-GOLD
Gold bounced from the 1300 level and is moving higher into the important reaction 1340-1350 zone.
Note: look only for the short-term long trade entries for now with the SLbelow 1310
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: look for a retest of 2750 level on this bounce from the 200 SMA
EURUSD
The pair is bouncing from the 1.2200 level and we are seeing a downside correction move into the 1.2400 level
Note: look only for the long trade entries with the SL below 1.2250 level
USDJPY
The pair is testing the important long-term key support 107.600 level.
Note: Stay away from the trade entries for now
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: we have a bounce from the strong support zone. Look only for the long-trade entries for now with the SL below 0.7780
NZDUSD
The pair is testing the strong resistance 0.7400 level and is being rejected. The pair is bouncing now from the support 0.7200 level.
Note: Look only for the long trade entries with the SL below 0.7200.
USDCAD
The pair is breaking above the wedge 1.2400 level with the confirmation. We could see an extended upside now if 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 testing the 1.3910 wedge line resistance.
Note: look only for the long trade entries with the SL below 1.3800 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.