DAILY MARKET OVERVIEW DXY, XAUUSD, OIL, COPPER, S&P500, DAX, NIKKEI
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DXY-USDollar index
The instrument is pulling back after the 96 level test. Look for the reaction here testing 98 level.
The ARMAT trading system is neutral.
Note: stay away from the trade entries
XAUUSD
Gold has failed to break above the 1690level and is pulling to a support 1550-1580 zone.
Note: stay away from the trade entries
OIL
Oil is breaking below the important downside resistance 43.70 level and has extended to 30 level. We could see a bounce here. The ARMAT trading system is neutral.
Note: stay away from the trade entries here
COPPER
The instrument is consolidating after the 260 level breakout but without downside extension confirmation and is pulling back to an important 250-255 zone after a brief fall below 240.
Note: stay away from the trade entries for now
DAX
The instrument is pulling back after the 9000 level test. The downside support stays at 10500. Look for a bounce from here. The ARMAT trading system is bearish
Note: stay away from the trade entries for now
S&P500
The instrument is bouncing after the support bounce test 2450 level. ARMAT trading system is bearish.
Note: stay away from the trade entries for now
NIKKEI
Is testing the downside resistance 18700 level after the 20000 downside level break. The ARMAT trading system is neutral.
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.