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 testing the 89.50 level of the wedge and weshould wait for a reaction from here. Bounce from here would lead to an upside test of 91.50 level.
Note: Consolidation moves.
XAUUSD-GOLD
Gold is reaching again the support 1310 level again. The break below this level is required for a continuation to 1280 level.
Note: stay away from the trade entries if you are not short already, as the instrument is testing the 1330 level again. Consolidation moves.
OIL
The instrument is in the consolidation between the 59.700 and 62.275 level.
Note: stay away from the trade entries for now
DAX
DAX is rejected by the 12500 level again and this rejection is will leave the 11800 level test open again.
Note: look for the short trade entries with the SL above 12600 level.
S&P500
S&P500 is testing the 2800 level again. Look for a reaction from here for the downside reversal lower. Rejection from this level and a brak below 2750 is required for dowsnide continuation.
Note: stay away from the trade entries for now.
EURUSD
The pair is testing the 1.2400 level for a downside continuation or an upside reversal. The pair is rejected from the 1.2400 level but we need to see a break below the 1.2340 level for the downside continuation.
Note: look for the short trade entries for now with the SL above 1.2400 level
USDJPY
The pair is testing the 106 level of the broken downtrenbd line.
Note: stay away from the trade entries for now because this could be a temporary bounce. Take the long trade entries only in the case of a break above the 108.
AUDUSD
The pair is retesting the key 0.7850-0.7880 broken upside trendline again for a downside continuation or the upside reversal.
Note: look only for the short trade entries on this rejection from the mentioned zonewith the SL above the 0.7910 level
NZDUSD
The pair is testing the 0.7300 level of the middle of the consolidation and also the bearish wedge line.
Note: stay away from the trade entries for now.
USDCAD
The pair is bouncing of the 1.2850-1.2900 support zone and this bounce is opening an upside test of 1.3200 level.
Note: Look only for the long trade entries with the SL below 1.2850
GBPUSD
The pair is testing the consolidation downtrend line 1.3967 level. Look for a reaction from here for the upside continuation or the downside reversal.
Note: stay away from the trade entries for now.
Bitcoin
The instrument is breaking below the 200 SMA level 8600 and this could open further downside in a case of the daily close below this level today.
Note: stay away from the trade entries for now.
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.