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 testing the 95 level for a key break higher. This level needs to be broken for the upside continuation
Note: a break above the 95 level is required for the upside continuation.
XAUUSD-GOLD
Gold is testing the 1298 level for the downside continuation. Daily close below this level is required for a triangle break.
Note: stay away from the trade entries for now.
OIL
The instrument is bouncing off the 64 level. This level is a strong downside resistance. Oil is back in the wedge.
Note: stay away from the trade entries for now.
DAX
The instrument has broken above the 13000 level again, and we could see an upside extension into the 13500 level.
Note: stay away from the trade entries for now.
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 has broke below the 1.17100 level and is continuing the downside extension.
Note: stay away from the trade entries for now and look for the short trades on a bearish price action
USDJPY
The pair is testing 200 SMA 110.195 level and is trying to break above it. It could continue higher into the 111.500 level.
Note: look for the long trade entries with the SL below the 109.690.
AUDUSD
The pair broke below the 0.7550 level for the downside continuation into the 0.7300 level.
Note: stay away from the trade entries if you are not short already.
NZDUSD
The pair is testing the flag key break 0.6940 level for a downside continuation. We need to see a daily close below this level for a flag break confrirmation.
Note: look here for the short trade entries with the SL above the 0.7000 level.
USDCAD
The pair is breaking above the 1.3120 level for an extension higher. This break needs to be confirmed
Note: look for a long trade entries on a pullback into the 1.3050-1.3100 zone with the SL below the 1.3000 level
GBPUSD
The pair is testing the 1.3100 level for the downside extension into the 1.2700 level.
Note: stay away from the trade entries for now.
Bitcoin
The instrument is going for a test of 6500 level for the downside continuation.
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.