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: look for the short trade entries here with the SL above the 66 level. Narrow SL
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 downside support.
S&P500
S&P500 is testing the wedge upper line 2780 level now for a possible upside extension into the 2825. We need to see daily close below 2700 level for a short trade entries.
Note: stay away from the trade entries for now.
EURUSD
The pair is testing the 34 WMA 1.17845 level for the possible upside continuation into the 1.19000-1.12000 zone. A break above the 1.17845 level opened the upside continuation into the mentioned zone.
Note: stay away from the trade entries for now as the pair is confirming a rejection form the 1.18000 level.
USDJPY
The pair tested the 200 SMA 110.190 level and got rejected from it. Safe short tarde entries should be below the 108.500 level.
Note: stay away from the trade entries for now.
AUDUSD
The pair tested 0.7650 level and got rejected. A break below the 0.7550 level is required for the downside continuation into the 0.7300 level
Note: look for the short trade entries on a daily close below the 0.7550 level.
NZDUSD
The pair is in the wedge and is testing the 55 WMA for an upside continuation into the 0.7150 level. Rejection from the important 0.7050 level could lead to a further dowsnide extension into the 0.6930 level.
Note: look here for the short trade entries with the SL above the 0.7030 level.
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 with the SL 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.