Daily market overview

Daily market overview DXY, XAUUSD, OIL, S&P500, DAX, EURUSD, USDJPY, AUDUSD, NZDUSD, USDCAD, GBPUSD, BITCOIN

Click on the chart image to enlarge it

DXY-USDollar index

The instrument is trying to break above the 95 level for an extension higher into the 98. The key daily close level is 95.20 now.

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 is testing the strong long-term horizontal resistance level 1228. Daily close below this level would open further downside extension into the 1150 level.

Note: stay away from the short trade entries if you are not short already.

 

 

 

OIL

The instrument is reversed down from the 74 level and now we can see a test of 66 level in the case of a daily close below the 69.

Note: stay away from the trade entries as the instrument is testing 66.70 level.

 

 

 

DAX

The instrument bounced off the 12100 level and is testing the 12740 level of the resistance, also a  200 SMA. before a possible pullback into the 13000 level.

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 and we need to see a daily close below the 1.16000 level for a test of 1.15500 level.

Note: stay away from the trade entries for now.

 

 

USDJPY

The pair is breaking above the 110.500 level and is extending above the 112 level. The only upside resistance now is 113 level. We also have a probable wedge formation.

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 support is 0.7450 and the pair is being rejected so far from it.

Note: look for now for the short trade entries with the SL above the 0.7470 on the possible triangle break.

 

 

 

NZDUSD

The pair formed a consolidation triangle and is testing the 0.6730 level.

Note:  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: look for the long trade entries with the SL below 1.3080 level on this bounce off the support zone.

 

 

GBPUSD

The pair is rejected so far from the key 1.3300 level and is trying to break below the key 1.3100 level.

Note: look for the short trade entries with the SL above the 1.3150 level.

 

 

 

Bitcoin

The instrument is pulling back to 6500-7000 zone. The rejection from this zone would lead to a downside continuation. Invalidation only on a break above the 7500 level.

Note: look for the short trade entries with the SL above the 7500 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.