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 upside support zone is 93.50-94 which is holding for now.
XAUUSD-GOLD
Gold has pulled back into the 1255 support after a brief break below the 1250.
Note: look for the short trade entries with the SL above the 1260 after this rejection from 1260.
OIL
The instrument is retesting the broken upside resistance 67.500 level and is bouncing off it for an extension into the 73. We are seeing now a test of 74.50 level which is also the channel top. The instrument seems to be at the short-term extreme with negative RSI (13) divergence.
Note: look for the short trade entries with the SL above the 75
DAX
The instrument bounced off the 12100 level. The downside support is 12500-12600 zone which is being tested now
Note: stay away from the trade entries for now.
S&P500
S&P500 is testing the triangle upside line 2800 level after the bounce off the 2700 level.
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. Consolidation triangle has been formed.
Note: Stay away from the trade entries for now.
USDJPY
The pair is breaking above the 110.500 level for an upside test of 111.500 level. Wait for a daily closes
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 as the pair is testing the 0.7450 level.
NZDUSD
The pair bounced off an important confluence upside support 0.6650-0.6700 zone. The strong downside support is 0.6750-0.6850 zone. So far we have the rejection from this zone.
Note:Â stay away from the trade entries for now.
USDCAD
The pair is rejected so far from the important 1.3350 level. We could see a pullback into the 1.3150 before an another upside continuation. The pullback is on the way and we are seeing a test of the 1.3050-1.3100 zone.
Note: stay away from the trade entries for now.
GBPUSD
The pair is testing the key 1.3300 level for the complete upside reversal or to stay in the consolidation mode.
Note: stay away from the trade entries for now.
Bitcoin
The instrument is pulling back to 6500-7000 zone. This rejection form this zone is calling for a downside continuation.
Note: look for the short trade entries with the SL above the 7000 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.