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

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DXY-USDollar index

The instrument is briefly breaking below the 95.750 level an important downside resistance. This break is opening a further downside extension into the 94.540.

Note: invalidation of the downside continuation only on a daily close above the 96.460 level.

XAUUSD-GOLD

1280-1300 zone is a strong resistance and downside support and we have a rejection from it. A daily close below 1282 will accelerate the downside.

Note: look for the short trade entries with the stop loss above 1305

OIL

The instrument is testing the last horizontal downside resistance 42 level. A daily close below this level would lead to an extreme downside extension. Bounce from here would lead to a pullback retest which is on the way. The strong upside resistance and downside support is 52.50.

Note: stay away from the trade entries for now.

COPPER

The instrument is going for a test of the strong horizontal resistance 260 level. Hold and a bounce from here would lead into the 268 level test which is now on a test.

Note: stay away from the trade entries for now.

DAX

The instrument is going for a retest of the channel top 11000. A daily close above this level is needed for an upside reversal higher to 11500, rejection will lead to a downside extension.

Note: stay away from the trade entries.

S&P500

The instrument reached the 138.2% Fibonacci extension from the highest 2950 swing point. This is also the last long-term uptrend support left before a strong downside continuation. The bounce is reaching the strong resistance 2470 level and a confirmed daily close above this level is needed for a test of 2600 level which is on the way.

Note: stay away from the trade entries

NIKKEI

The instrument is bouncing of the 19600 level of the strong long-term support. The bounce could lead to a 21000 level retest.

Note: look for the long trade entry with the stop loss below 20000.

EURUSD

The pair is in the consolidation between 1.13000 and 1.14800 level.

Note: stay away from the trade entries for now.

USDJPY

The pair is bouncing off the strong level 104.800 after the hardest Yen pairs flash crash in the recent history. A daily close above the 108.850 is needed for the upside continuation into the 110.

Note: stay away from the trade entries as we need price action consolidation

AUDUSD

The pair is testing the 0.7000 level and a daily close below this level could open a further downside extension. Bounce will lead to a 0.7150 level test. Ignore the flash crash candle for now. A daily close above the 1.7200 is needed for a complete reversal.

Note: stay away from the trade entries.

NZDUSD

The pair is bouncing into the downside support 0.6800 level. A daily close above the 0.6800 level could lead to a test of the upper consolidation resistance 0.6950.

Note: stay away from the trade entries for now as the 0.6800 level is on a test

USDCAD

The pair is extending the downside into the 1.3100 level. Look for a possible bounce and a retest of 1.3400 before a continuation

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

GBPUSD

The pair has bounced off the low 1.2476 in a fast flash crash and is bouncing back to the key 1.2700 level. A brief break above is opening the further upside extension. Wait for the confirmation.

Note: stay away from the trade entries for now

Bitcoin

The instrument is pulling back from the 4000 for another test of 3200 level. A daily close above the 4000 level could lead to a 5000 test.

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.

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

DXY-USDollar index

The instrument is briefly breaking below the 95.750 level an important downside resistance. This break is opening a further downside extension into the 94.540.

Note: invalidation of the downside continuation only on a daily close above the 96.460 level.

1280-1300 zone is a strong resistance and downside support and we have a rejection from it. A daily close below 1282 will accelerate the downside.

Note: look for the short trade entries with the stop loss above 1305

OIL

The instrument is testing the last horizontal downside resistance 42 level. A daily close below this level would lead to an extreme downside extension. Bounce from here would lead to a pullback retest which is on the way. The strong upside resistance and downside support is 52.50.

Note: stay away from the trade entries for now.

COPPER

The instrument is going for a test of the strong horizontal resistance 260 level. Hold and a bounce from here would lead into the 268 level test which is now on a test.

Note: stay away from the trade entries for now.

DAX

The instrument is going for a retest of the channel top 11000. A daily close above this level is needed for an upside reversal higher to 11500, rejection will lead to a downside extension.

Note: stay away from the trade entries.

S&P500

Note: stay away from the trade entries

NIKKEI

The instrument is bouncing of the 19600 level of the strong long-term support. The bounce could lead to a 21000 level retest.

Note: look for the long trade entry with the stop loss below 20000.

EURUSD

The pair is in the consolidation between 1.13000 and 1.14800 level.

Note: stay away from the trade entries for now.

USDJPY

The pair is bouncing off the strong level 104.800 after the hardest Yen pairs flash crash in the recent history. A daily close above the 108.850 is needed for the upside continuation into the 110.

Note: stay away from the trade entries as we need price action consolidation

AUDUSD

The pair is testing the 0.7000 level and a daily close below this level could open a further downside extension. Bounce will lead to a 0.7150 level test. Ignore the flash crash candle for now. A daily close above the 1.7200 is needed for a complete reversal.

Note: stay away from the trade entries.

NZDUSD

The pair is bouncing into the downside support 0.6800 level. A daily close above the 0.6800 level could lead to a test of the upper consolidation resistance 0.6950.

Note: stay away from the trade entries for now as the 0.6800 level is on a test

USDCAD

The pair is extending the downside into the 1.3100 level. Look for a possible bounce and a retest of 1.3400 before a continuation

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

GBPUSD

The pair has bounced off the low 1.2476 in a fast flash crash and is bouncing back to the key 1.2700 level. A brief break above is opening the further upside extension. Wait for the confirmation.

Note: stay away from the trade entries for now

Bitcoin

The instrument is pulling back from the 4000 for another test of 3200 level. A daily close above the 4000 level could lead to a 5000 test.

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.

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