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, and it is requird to break above the 90 level, we will see an upside test of the 91.50 level. We are seeing a break above the 90 level but we need confirmation.
Note: Consolidation moves.
XAUUSD-GOLD
Gold is consolidating between the 1350 and the 1300 level.
Note: stay away from the trade entries now.
OIL
The instrument is rejected by the strong horizontal upside resistance 66.360 level and is extending the downside. The key support level is 61.250.
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 bounced after the 200 SMA break for a retest of the 2670 neckline
Note: Stay away from the trade entries for now.
EURUSD
The pair is rejected by the 1.2465 level again and is testing the key uptrend support level 1.2220. Key near-term upside zone is 1.2300-1.2320.
Note: stay away from the trade entries for now
USDJPY
The pair is breaking above the 106.400 level of the downside Pitchfork channel and is testing a key near-term 107.400 resistance level.
Note: stay away from the trade entries for now.
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: stay away from the trade entries for now.
NZDUSD
The pair is pulling back again in the new formed wedge structure.
Note: look for the short trade entries here with the SL above the 0.7310 level
USDCAD
The pair is reversing lower after the 1.3100 test and is breaking below the 1.2800.
Note: look for the long trade entries on a possible retest of the 1.2630-1.2700 zone
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 but it has a strong key upside support 1.3980 level.
Note: stay away from the trade entries for now
Bitcoin
The instrument is breaking below the 200 SMA level 9400 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 7450 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.