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 trying to bounce from the long-term support zone 89-89.50. If this bounce will be confirmed, and it is requird to break above the 90 level, 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 and after a test of 1320 level, we are seeing another consolidation pullback into 1350.
Note: look for the short trade entries as long as the instrument is below the 1350 level.
OIL
The instrument is rejected by the strong horizontal upside resistance 66.360 level and is extending the downside
Note: stay away from the short trade entries if you are not short already
DAX
DAX is bouncing from the 11750 level and is reaching the 12250 level. We are seeing another rejection.
Note: stay away from the short trade entries if you are not already short.
S&P500
S&P500 is breaking the daily close the key 200 SMA support. A break below this level is opening a further downside continuation.
Note: look only for the short trade entries with the SL above the 2600 level on this pullback.
EURUSD
The pair is rejected by the 1.2465 level again and is testing the key uptrend support level 1.2290.
Note: look for the short trade entries for now with the SL above 1.2300 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 to 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.