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 required to break above the 90 level, we will see an upside test of the 91.50 level.
Note: Consolidation moves.
XAUUSD-GOLD
Gold is consolidating between the 1350 and the 1330 level. Another rejection from the key 1350-1365 zone.
Note: stay away from the trade entries now.
OIL
The instrument is bouncing again from the 61.50 long-term uptrend support. Look for a reaction in the 66-66.50 zone.
Note: stay away from the trade entries for now
DAX
DAX is bouncing from the 11750 level and is reaching the 12400-12450 a strong resistance zone. Look for reaction here.
Note: look for a possible short trade entries on this rejection with the SL above the 12450 level.
S&P500
S&P500 bounced after the 200 SMA break for a retest of the 2670 neckline. A new bearish triangle is formed and we will look for rejection here.
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 resistance 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 bouncing from the 0.7650 level and is reaching the confluence of the resistance 0.7750-0.7780 zone. Look for a reaction from here.
Note: stay away from the trade entries for now.
NZDUSD
The pair is pulling back again to the 0.7360 falling trend line level.
Note: look for the short trade entries with the SL above 0.7400 level
USDCAD
The pair is reversing lower after the 1.3100 test and is breaking below the 1.2633 200 SMA level. This could extend to a 1.2400 uptrend line support level if we see a break below 1.2580 level.
Note: look for the long trade entries near-term
GBPUSD
The pair is testing the 1.4160-1.4200 zone again. Look for a reaction from here.
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 8500 level on this bounce
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.