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 trying to bounce from the long-term support zone 89-89.50. If this bounce will be confirmed, we will see an upside test of the 91.50 level.
Note: Consolidation moves.
XAUUSD-GOLD
Gold is rejected from the upper trend line of the consolidation wedge 1350 level. We are seeing a break below the 1330 level
Note: stay away from the trdae entries for now if you are not short already
OIL
The instrument is rejected by the strong horizontal upside resistance 66.360 level. Look for a reaction from here.
Note: look for the short trade entries with the SL above the 66 level.
DAX
DAX is bouncing from the 11750 level and is reaching the 12250 level. We could see another rejection
Note: stay away from the short trade entries if you are not already short.
S&P500
S&P500 is testing the key 200 SMA support. A break below this level could lead to a further downside continuation.
Note: look only for the short trade entries with the SL above the 2700 level on this pullback.
EURUSD
The pair is rejected by the 1.2465 level again and is testing the Pitchfork upside channel key break level 1.2250.
Note: look for the short trade entries for now with the SL above 1.2400 level
USDJPY
The pair is testing the 106.400 level of the downside Pitchfork channel.
Note: stay away from the trade entries for now because this could be a temporary bounce. Look for the short trade entries in case of the price action signal.
AUDUSD
The pair is breaking below the strong horizontal resistance 0.7700 level and we are seeing extended downside again after the 0.7750 rejection again
Note: look only for the short trade entries with the SL above the 0.7730 level.
NZDUSD
The pair is rejected from the broken 0.7250-0.7280 zone.
Note: look for the short trade entries here with the SL above the 0.7280 level
USDCAD
The pair is reversing lower after the 1.3100 test. Look for a possible pullback into the 1.2800-1.3000 support zone. We have an ongoing bounce from the 1.2800 level.
Note: look for the long trade entries for now with the SL below the 1.2810 level
GBPUSD
The pair is rejected from the 1.4200 level and is pulling back. The pair is breaking below the 1.4070 level for the downside continuation.
Note: look for the short trade entries with the SL above the 1.4070 level
Bitcoin
The instrument is breaking below the 200 SMA level 8600 and this confirmation is opening the further downside extension into the 5000 level.
Note: look for the short trade entries with the SL above the 8700 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.