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 bouncing off the 94 level of the support. We need to see a confirmed break above the 95.50 level for the upside extension.
Note: continuation into the 99-100 zone only in the case of a daily close above the 95.50 level. In the case of s daily close below the 95 level, we could see a swing down into the 92.50-93 level.
XAUUSD-GOLD
Gold has reached the first target 1160 level and is bouncing off it. The downside support zone which must hold for a downside continuation is 1220-1235. A daily close below the wedge 1200 level is required for a new downside move into the 1160 level again
Note: stay away from the trade entries for now. Trade only on the confirmed H4 reaction to a mentioned levels.
OIL
The instrument is bouncing off the 63.70 upside support level. A downside continuation support now is a 69-69.50 zone. Continuation above the 70 is required for an upside reversal. The instrument is testing the long-term falling trendline 71 level in a symmetrical triangle.
Note: stay away from the trade entries for now.
DAX
The instrument is testing the key 12050 level. The daily close above this level could lead to a test of 12400 level at least. The daily close below the 11900 level is required for a downside continuation.
Note: stay away from the trade entries for now
S&P500
S&P500 is trying to break above the 2900 level for the upside extension higher. There is a warning signal of exhaustion reading the RSI (13) negative divergence. We could see another forced top 2950 test before a downside.
Note: stay away from the trade entries for now.
EURUSD
The pair is going for a test of 1.17500 level again after the bounce from an important 1.15400 level. Only a daily close below the 1.15790 level would invalidate another swing up.
Note: look only for the long trade entries with the stop loss below the 1.15600 level.
USDJPY
The pair is in the narrow range between 109.800 to 111.600. Look at this level for a break lower or higher.
Note: stay away from the trade entries for now.
AUDUSD
The pair is bouncing off the strong long-term horizontal support 0.7150 level. This bounce is possible to lead to a 0.7260 level upside swing.
Note: look only for the long trade entries for now with the stop loss below the 0.7180 level.
NZDUSD
The pair is bouncing off the strong downside resistance 0.6500 level. Look for an upside swing into the 0.6700 level.
Note: look only for the trade entries for now with the stop loss below the 0.6550 level.
USDCAD
The pair has broken above the 1.3140 bull flag resistance level. Wait for a pullback and a retest of the 1.3050-1.3100 before new trade entries.
Note: stay away from the trade entries for now.
GBPUSD
The pair is testing again the 1.3000 level. Only a daily close above the 1.3050 level would lead to a larger upside swing.
Note: stay away from the trade entries for now.
Bitcoin
The instrument is testing the key 6000 level within a large consolidation. The daily close above the 8000 is required for the downside extension invalidation.
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.
