Daily market overview DXY, XAUUSD, OIL, S&P500, DAX, EURUSD, USDJPY, AUDUSD, NZDUSD, USDCAD, GBPUSD, BITCOIN
Click on the chart image to enlarge it
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 and a retest bounce off.
XAUUSD-GOLD
Gold is pulling back to a downside support 1320-1330 zone. Look for a reaction here. We have a bearish extension into the uptrend line support and the 1280-1290 key zone test is on the way.
Note: Take the short trade entries only on a clear daily close below the 1290 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. Looking for a short-term pullback into the 67.700 level. Only the break above 73.50 level woul lead to an extension higher.
Note: stay away from the trade entries
DAX
The instrument is breaking above the 13000 level and thus invalidating the downside reversal into the 12750. The continuation into 13300 to the upside is now open.
Note: lookfor the long trade entries with the SL below the 13050 level.
S&P500
S&P500 is testing the 2680-2710 zone of the upside resistance. We could have a consolidation here before a larger move. Only a clear daily close above 2730 will mean an upside extension into the 2800.
Note: stay away from the trade entries for now.
EURUSD
The pair is breaking below the 1.18000 level which will act as a dowsnide support now.
Note: look for the short trade entries with the SL above the 1.1840
USDJPY
The pair is breaking above the 110 level and is targeting the 111.300-112 zone higher.
Note: look for the long trade entries with the SL below the 110 level.
AUDUSD
The pair is pulling back into the broken downside resistance 0.7550-0.7600 zone. We have a rejection and a bearish extension.
Note: look for the short trade entries with the SL above the 0.7600 level on this pullback
NZDUSD
The pair is breaking below the key trendline 0.6900 level but it is pulling back after the brief unconfirmed break.
Note: stay away from the trade entries for now.
USDCAD
The pair is bouncing off the 1.2800 level for a possible upside extension into the 1.3000 level again.
Note: look for the long trade entries with the SL below 1.2800 level.
GBPUSD
The pair is breking below the 1.3530 level and could continue downside into the 1.3200 level.
Note: look for the short trade entries with the SL above the 1.3550 level
Bitcoin
The instrument is consolidating between the 8400 and 9800 level. A break above the 9800 level is required for the continuation higher. A break below the 8250 will lead to a downside extension into the 6500 level.
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.