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 is recejted from the 90.70 level and we could see another test of 88.200 key resistance test which is in the progress.
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: stay away from the trade entries as the pair is testing the 1355 resistance level.
OIL
The instrument is pulling back for a retest of the uptrend 58-60 zone.Testing the broken uptrend line 61.600 level
Note: look for the short trade entries for now with the SL above 62 level
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 entries with the SL above 12800 on this pullback higher
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 2750-2800 zone.
Note: look for a retest of 2750 level on this bounce from the 200 SMA
EURUSD
The pair bounced from the 1.2200 uptrend line and it is reaching now the 1.2500 resistance level again
Note: Look only for the short trade entries for now on a possible triangle consolidation
USDJPY
The pair broke below the 107.600 level and has formed a channel testing the lower 105.800 level.
Note: Look for the long trade entries with the SL below 105.600
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 entreis for now because we could see another extension lower.
NZDUSD
The pair bounced from the support 0.7200 level and is reaching horizontal resistance 0.7400 level again.
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 now if we will get a break above the 1.2680 level.
Note: Stay away from the trade entries for now if you are not already long as the pair is testing the key 1.2600 resistance level.
GBPUSD
The pair bounced from the 1.3800 level and is reaching the 61.8% Fibbo resistance 1.4080 level. The pair is being rejected by the 1.4100 level
Note: stay away from the trade entries for now
 
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 while the instrument is breaking above the wedge 9000 level.
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.</p