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 trying to break above the strong resistance 66.70 level. This break if confirmed will open the further upside extension.
Note: stay away from the trade entries for now
DAX
DAX is breaking above the 12400-12450 a strong resistance zone. This is openinh an upside extension into the 12700 level.
Note: look for a long trade entries on this break with the SL below the 12300 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 because the pair is in the middle of the consolidation.
USDJPY
The pair is breaking above the 107.240 upside resistance level and is opening the supisde continuation into the 109.
Note: look for the long trade entries with the SL below the 107 level.
AUDUSD
The pair is breaking above the wedhe and is testing the 200 SMA 0.7800 level. If we see a daily close close above this level we could see an extension higher.
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. If the 0.7400 level is broken to the upside reverse to long trades
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. In case of the daily close below the 1.2580 level reverse to short trades.
GBPUSD
The pair is breaking above the 1.4240 level resistance and is opening an upside continuation.
Note: look for the trade entries for now with the SL below the 1.4200 level.
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.