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. A support zone 91.500-92.
Note: Bullish 200 SMA break.
XAUUSD-GOLD
Gold is breaking below the 200 SMA and a rising wedge to target 1280-1300 zone of the key upside support.
Note: look for the short trade entries for now with the SL above the 1315 level.
OIL
The instrument is breaking above the strong 66.70 resistance and is bouncing again after the pullback retest. Consolidation at the 70 level.
Note: stay away from the trade entries
DAX
The instrument is testing the 12950 level of a possible right shoulder of the H&S formation. We will look here for the rejection price action.
Note: stay away from the trade entries for now.
S&P500
S&P500 is testing the 2680-2710 zone of the upside resistance. We could have a consolidation here before a larger move.
Note: stay away from the trade entries for now.
EURUSD
The pair is confirming a break below the 200 SMA level. Use this pullback into the 1.1940 level for the new short trade entry.
Note: look for the short trade entries now with the SL above the 1.1940 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 and we could see a consolidation between the 108.700-110.200.
Note: stay away from the trade entries for now.
AUDUSD
The pair is breaking below the Median Pitchfork channel line 0.7500 level. From here a downside extension into the 0.7000-0.7300 zone is expected.
Note: look for the short trade entries with the SL above the 0.7500 level
NZDUSD
The pair is breaking below the key trendline 0.7000 level for an extended downside into the 0.6800 level. Use this pullback for the short trade entries.
Note: look for the short trade entries with the SL above the 0.7020 level.
USDCAD
The pair is breaking above the 1.2900 level and is extending higher into the 1.3000 level.
Note: stay away from the trade entries if you are not already long.
GBPUSD
The pair is reversing upside from the 200 SMA and is unable to break below the 1.3530 level for now.
Note: stay away from the trade entries for now.
Bitcoin
The instrument is consolidating between the 8400 and 9800 level. A break above the 9800 level is required for the continuation higher.
Note: stay away from the trade entries for now
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.