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 trying to break above the 95 level for an extension higher into the 98.
Note: look for a daily close above the 95 level, the uspside support zone is 93.50-94
XAUUSD-GOLD
Gold is breaking below the 1300 triangle consolidation level and we could see a downside extension into the 1260 level.
Note: stay away from the trade entries for now.
OIL
The instrument is in the middle of the consolidation which could extned into the 67 level.
Note: stay away from the trade entries for now.
DAX
The instrument is trying to break below the 12600 level for a downside extension into the 12100 level. Lok for the short trade entries only on a daily close below the 12550 level which is on a test now.
Note: look for the short trade entries with the SL above the 12700 level.
S&P500
S&P500 is trying to break below the strong confluence of the support 2700 level. We need to see a daily close below 2750 for a downside extension.
Note: stay away from the trade entries for now.
EURUSD
The pair bounced again from the 1.15000 level and is pulling back into the downside support 1.16800-1.17400 zone. Look for a reaction here.
Note: stay away from the tarde entries for now.
USDJPY
The pair is ina a consolidation between 109.700-110.200. We need to see a break out of this range for a direction.
Note: stay away from the trade entries for now.
AUDUSD
The pair is testing the Pitchfork downtrend channel median line 0.7360 level and is bouncing from it. The downside resistance is 0.7450 and this level needs to hold for a downside continuation.
Note: stay away from the trade entries for now.
NZDUSD
The pair is breaking below the bearish flag key downside break 0.6930 level. This is opening an extension into the 0.6700 level.
Note: look here for the short trade entries with the SL above the 0.6950 level on this pullback.
USDCAD
The pair is breaking above the 1.3050 long-term falling trendline. Upside extension into the 1.3500 level is opened now.
Note: look for the long trade entries with the SL below the 1.3150 level
GBPUSD
The pair is bouncing of the strong support 1.3150 level and could extend higher into the 1.3380 level before another downside attack on 1.3150 level.
Note: stay away from the trade entries for now.
Bitcoin
The instrument is going for a test of 6430 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.