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 testing the wedge lower line 89.50 for a downside extension. Wait for a daily close below 89.50.
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. Use this pullback for the new entries.
Note: look for the long trade entries with the SL below 66.70
DAX
DAX is breaking above the 12400-12450 a strong resistance zone and has reached the 200 SMA 12656 level. We need to see an upside break above this level for an extension higher.
Note: stay away from the trade entries for now.
S&P500
S&P500 is breaking above the strong resistance 2680 level and is heading towards 2750 wedge line resistance. The pullback in the middle of the consolidation triangle could be used for a long trade entry.
Note: look for the long trade entries for now with the SL below 2650 level.
EURUSD
The pair is in the middle of the wedge and we need to see a break above the 1.2450 level or below 1.2280 level for a direction.
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 reversed lower from the 200 SMA to test a support zone 0.7650-0.7680.
Note: stay away from the trade entries for now
NZDUSD
The pair is pulling back again to the 0.7180-0.7200 uptrend support zone.
Note: stay away from the trade entries for now
USDCAD
The pair reversed higher from the strong support 1.2580 level and is reaching the SMA resistance 1.2730-1.2750 zone. Look for a reaction from here.
Note: stay away from the trade entries for now
GBPUSD
The pair is pulling back to a support 1.4050-1.4080 zone.
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.