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 bouncing from the 88.20 level again and is reaching the resistance 90.50 level again also the rectangle upper line.This break above the rectangle 90.50 level could lead the pair to a 92.20 test. The break is not confirmed.
Note: the horizontal resistance test is also important 91 level and we see a rejection from there
XAUUSD-GOLD
Gold is rejected by the 1340-1350 zone and is moving lower for a test of 1325 trendline intersection level which is broken now to the downside but without confirmation.
Note: look for the short trade entries on this pullback with the SL above the 1325 level
OIL
The instrument is rejected by the 64.50 median line of the Pitchfork channel
Note: look for the short trade entries for now with the SL above 62.80 level for now
DAX
DAX is breaking below the rising trendline and we could see a deeper pullback into the 100 SMA 11597 level.
Note: stay away from the sell trade entries if you are not already short
S&P500
S&P500 is being rejected by the 2800 level and is pulling back by breaking below 2661 level.
Note: look for the short trade entries with the SL above the 2660 level
EURUSD
The pair is breaking below the lower consolidation triangle line 1.22000 which is opening the extension lower into the rising line support 1.2000 level but without the confirmation
Note: Stay away from the trade entries for now
USDJPY
The pair is rejected by the 108 level and is pulling lower in the channel.
Note: look only for the short trade entries for now with the SL above the 106.320 level.
AUDUSD
The pair is breaking below the 0.7780 key near-term dowsnide resistance level and we could see a continuation lower into the 0.7600 level
Note: look only for the short-trade entries with the SL above the 0.7780 level
NZDUSD
The pair is testing the 0.7200 key level of resistance for the continuation lower or the bounce.
Note: stay away from the trade entries for now
USDCAD
The pair is breaking above the 1.2650 level and is forming the rising wedge now, usually bearish. Key resistance is 1.2900 level.
Note: Stay away from the trade entries for now
GBPUSD
The pair is breaking below the 1.3770 resistance level and we could extension lower into the 1.3500 level.
Note: look only for the short trade entries for now with the SL above the 1.3780 level
Bitcoin
The instrument is bouncing from the 200 SMA 7200 level and we are seing extended upside into the 10000 level. The key upside continuation level is 12500.
Note: look only for the buy entries on the retest of a 9500-9800 zone.
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