Weekly market overview Forex, CFD’s, Cryptocurrency- DXY, XAUUSD, OIL, COPPER, S&P500, DAX, NIKKEI, EURUSD, USDJPY, AUDUSD, NZDUSD, USDCAD, GBPUSD, BITCOIN, ETHEREUM
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DXY-USDollar index
 A daily close below the 95.79 is required for a downside reversal into the 94 level. A daily confirmed close above the 97.50 is required for an upside continuation. The instrument is testing the key level 95.70. Daily close below could lead to a dowsnide extension into the 92.
XAUUSD-GOLD
The instrument is reaching the strong confluence of resistance 1280-1300 zone. Fibonacci 50% retracement and a broken uptrend line. A daily close above the 1310 level is required for an upside continuation. Rejection could lead to a 1240 level pullback.
OIL
The instrument is testing the 42.30 level of the horizontal upside support. This upside support needs to hold, as it did and we have a pullback into the 52-55 zone.
COPPER
The instrument is bouncing of the 260 level, strong long-term support confluence, which could  lead to a bounce into the 278.
DAX
The instrument is in the downside extension below 11000 level and could see a test of 10000. Any pullback into the 11000-11500 zone should be used for short trade entries. A test of 10000 level is on the way and we have a pullback bounce which could accelerate on a daily close above the 10800.
S&P500
The instrument is bouncing off the 2350 level for a pullback into the 2550-2600 zone. This will be big downside support and a strong reversal resistance.
NIKKEI
Nikkei is bouncing off the 18500 level. A daily close above the 20000 level will open a retest of 20800-21000 zone.
EURUSD
The pair is testing the strong resistance 1.14500 level and only a daily close below 1.13000 level would lead to a downside continuation.Consolidation between the strong levels 1.13000-1.147000
USDJPY
The pair is breaking below the 111.200 level and a continuation lower could lead to a 109 level retest which is ongoing now. Bounce could lead to a 111.250.
AUDJPY
The pair is testing the key 77.50 level for an extreme downside extension to the 70 level. A bounce could lead back into the consolidation. Bounce from 72.30 after the flash crash could lead into the 80.400 level.
AUDUSD
The pair is breaking below the 0.7150 key level of the support which is opening an extreme downside continuation which is testing 0.7050. A pullback into the 0.7200 level should be used for the short trade entries.
NZDUSD
The pair is pulling back into the 0.6700 level of the strong upside reversal support. We need to see a bounce off this level for the upside reversal continuation. A daily close below this level would lead to a deeper pullback into the 0.6400 level.
USDCAD
The pair is testing a previously broken upside resistance. Bounce from here is required for an upside extension.Â
GBPUSD
The pair is testing the key 1.2700 level. A daily close below this level could lead to a downside continuation. A daily close above the 1.2700 level could lead to a retest of the 1.2900 level.
Bitcoin
The instrument is bouncing off the 3000 level. Daily bounce is leading to a 4000 level retest. A daily close above the 4000 level is required for an upside extension and a test of 5000 level.
ETHEREUM-ETH/USD
The instrument is bouncing off the 85 wedge throw-over level and could lead to a test of 175 level which is ongoing now. The instrument is testing the 155 level for a daily break and extension.
The weekly preview will give you an important insight into the long-term price action. Look for strategic trend direction clues in this analysis.
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.