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 upper wedge resistance line 91.20 level. This is a strong upside resistance before the 200 SMA 92 level.
Note: Consolidation moves.
XAUUSD-GOLD
Gold is consolidating between the 1350 and the 1330 level. Wait for a break above 1365 level or below the 1330 level.
Note: stay away from the trade entries now.
OIL
The instrument is breaking above the strong 66.70 resistance and is bouncing again after the pullback retest.
Note: look for the long trade entries with the SL below 67.50
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. The instrument is pulling back to a support 12300 level
Note: stay away from the trade entries for now.
S&P500
S&P500 is testing the uptrend support line 2600 level. A bounce from here could lead to an upside swing into the 2680 level.
Note: stay away from the trade entries for now.
EURUSD
The pair is trying to bounce off the 1.21800-1.22000 support zone.
Note: stay away from the trade entries for now because the pair is in the middle of the consolidation.
USDJPY
The pair is testing now the 109 level of the previously broken long-term uptrend line
Note: look for the short trade entries with the SL above the 109 level.
AUDUSD
The pair testing the long-term uptrend support 0.7600 level and is moving inside the falling wedge (usually bullish).
Note: stay away from the trade entries for now
NZDUSD
The pair is extending lower and is going for a test of 0.7000 level 61.8% of the Fibbo retracement and also the pitchfork channel support line.
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 1.2800-1.2850 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 1.3850-1.3900 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 9300 level on this 200 SMA retest
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.