Daily market overview EURUSD, USDJPY, AUDUSD, NZDUSD, USDCAD, GBPUSD, BITCOIN
Click on the chart image to enlarge it
USDJPY
The pair is retesting the upside range resistance 107.920. A rejection here would lead lower but we need to see a confirmed break below 106.900.
Note: stay away from the trade entries
EURUSD
The pair is pulling back after the uptrend channel break for a retest of 1.13500-1.14000 zone again. We are looking for failure here and a downside extension but we need to see a clear daily close below 1.12390
Note: short trade entries with the stop loss above 1.14000 level
AUDUSD
The pair is in the ending diagonal and long trade entries are not favored here as it is reaching the strong resistance 0.700 level in a rising wedge.
Note: look for the short trade entries on a break below the 0.6900
NZDUSD
Pair is in the sideways rectangle and still supported for the upside. A break below the 0.6380 is required for the downside reversal.
Note: stay away from the trade entries for now
USDCAD
The pair has bounced off the 1.3400 falling wedge support after the flag throw over. A break above the 1.3730 is required for an upside extension.
Note: look for the long trade entries on a break above 1.3730
GBPUSD
The pair is retesting the broken near-term uptrend line 1.2550 level. A break above this level could lead the pair higher. A strong rejection is needed for the downside continuation.
Note: stay away from the trade entries for now
Bitcoin
The instrument is testing the long-term falling channel line for a complete upside reversal 9500. A rejection here would lead to the 8000 level test. We need to see a break below the 8800 for a downside extension while the instrument is in the triangle without a follow-through above 9500.
Note: stay away from the trade entries for now
The daily market overview is a 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. Daily market overview
