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 the 200 SMA 92 level and we are seeing a bullish break confirmation. This will lead to an upside continuation into the 95 level. A support zone 91.500-92. The instrument is reaching the 95 level and we are waiting for a confirmed break above.
Note: we have a rejection from the 95 level so far. The support zone is 93.5-94
XAUUSD-GOLD
Gold is pulling back to a downside support 1320-1330 zone. Look for a reaction here.
Note: Take the short trade entries only on a clear daily close below the 1290 level. Stay away from the trade entries for now as the pair is bouncing from the 1290 level.
OIL
The instrument reversed lower from the 72 level and is reaching a key upside support 64-66 zone. This zone will be on a test for downside extension.
Note: stay away from the trade entries for now as it is bouncing from this zone.
DAX
The instrument is breaking below the 12860 level and is extending to the downside. Target is 12100 level.
Note: look for the short trade entries with the SL above the 12950 level on this pullback to a dowsnide support.
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: look for the short trade entries with the SL above the 2730 level.
EURUSD
The pair is pulling back to a 1.17000 level support. This pullback and this level should hold for a downside continuation into the 1.15000 level.
Note: stay away from the trade entries for now and wait for a reaction on the 1.17000 level pullback.
USDJPY
The pair reversed from the 111 level. It is testing now the strong upside support 108.500-109 zone. Short entries will be valid only on a 108 level break lower.
Note: stay away from the trade entries for now.
AUDUSD
The pair is pulling back into the broken downside resistance 0.7550-0.7600 zone. Look for a reaction from here for a downside reversla or an upside deeper pullback.
Note: stay away from the trade entries for now
NZDUSD
The pair is breaking above the consolidation triangle and is heading back to 0.7050 level of the downside support.
Note: stay away from the trade entries
USDCAD
The pair is pulling back to a 1.2800 level support again after a rejection from the 1.3000 level.
Note: stay away from the trade entries here and wait for a reaction in this narrow consolidation between 1.2800-1.3000 level
GBPUSD
The pair reached the 1.3270 of the downside pitchfork channel and is testing it for the break lower.
Note: stay away from the trade entries for now as the pair is bouncing off the 1.3200 level.
Bitcoin
The instrument is trying to break below the 7350 level which is a flag support.
Note: look for the short trade entries for now with the narrow stop loss at 8700 level
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 of 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.