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 breaking above th 200 SMA 92 level and we are seeing a bullish break confirmation. This will lead to an upside continuation into the 94 level.
Note: Bullish 200 SMA break.
XAUUSD-GOLD
Gold is testing the flag trendline support 1300 level. Look for a reaction here for the direction. We have an ongoing bounce from the 1300 level but we need confrimation for the trade entries.
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. Consolidation.
Note: stay away from the trade entries
DAX
We are looking at the possible huge move from the DAX as it is testing the 200 SMA level 12660. We are seeing today a break above the key uptrend continuation 12700 level. Wait for the consolidation for the new trade entries.
Note: stay away from the trade entries for now.
S&P500
S&P500 could go for another test of the 200 SMA 2620 level.
Note: stay away from the trade entries for now.
EURUSD
The pair is confirming a break below the 200 SMA level.
Note: look for the short tarde entries now with teh SL above the 1.2000 level.
USDJPY
The pair is rejected near the 200 SMA 110 level and is reversing lower. The pair is bouncing off the 108.700 level.
Note: stay away from the trade entries for now.
AUDUSD
The pair is going for a test of the Median Pitchfork channel line 0.7500 level. Look for a reaction from here for the trade entries.
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.
Note: Look for the long trade entries here with the SL below the 1.2820 level.
GBPUSD
The pair seems to be breaking below the rising long-term trendline 1.3600 level. The pair is testing now the key long-term uptrendsupport 200 SMA 1.3528 level.
Note: stay away from the trade entries for now.
Bitcoin
The instrument is breaking below the 200 SMA level 9600 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 9600 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.