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 of the 95 level so far. The support zone is 93-93.20
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.
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 the instrument is trying to break below the 64.400 level.
DAX
The instrument is breaking below the 12860 level and is extending to the downside. Target is 12100 level. The invalidation of the downside will be in the case of daily close above the 13000 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 testing the 34 WMA 1.17845 level for the possible upside continuation into the 1.19000-1.12000 zone.
Note: stay away from the trade entries for now.
USDJPY
The pair is testing the 200 SMA 110.190 level. We should see a break bove this level for an upside continuation into the 111.500 level.
Note: stay away from the trade entries for now.
AUDUSD
The pair is testing the 0.7650 level for an upside continuation into the 0.7750 level.
Note: stay away from the trade entries for now
NZDUSD
The pair is in the wedge and is testing the 55 WMA for an upside continuation into the 0.7150 level.
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 is testing the 34 WMA 1.3441 level for the continuation into the 1.3500 level.
Note: stay away from the trade entries for now as the pair is bouncing off the 1.3200 level. The downside support zone is 1.3400-1.3450.
Bitcoin
The instrument is going for a test of 7000 level for the downside continuation. Look for the short trade entries above the 8200 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 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.