Daily market overview DXY, XAUUSD, OIL, S&P500, DAX, EURUSD, USDJPY, AUDUSD, NZDUSD, USDCAD, GBPUSD, BITCOIN, ETHEREUM
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DXY-USDollar index
The instrument is bouncing from the key support 888-88.50 zone and we could see a depper pullback into the broken downside resistance 90.80 level.
XAUUSD-GOLD
The instrument is being rejected from the falling trendline 1350 level and we could see an extended downside into the 1290-1300 zone.
OIL
The instrument is pulling back from the 65-67 zone and we could see a pullback into the broken upside resistance 58.520 level.
DAX
The instrument is rejected form the 13500 level and is stending lower into the flag support 12700 level.
S&P500
S&P500 is rejected from the strong resistance 2850 level. Look for a test of 2680-2700 zone for the support.
EURUSD
The pair has broken above the downside Pitchfork channel and completely reversed the downtrend. It is testing now the strong resistance 1.25000 level for an extension higher into the 1.2600-1.27000 zone. This zone is key for a long-term reversal.
USDJPY
The pair is bouncing from the uptrend support 108.400 line. Look for an extension higher from here into 111.080 at least.
AUDJPY
The pair is in a consolidation rectangle and is supported by the 87 level of support. A test of the 87 key level for a downside reversal and upside continuation to be tested next week.
AUDUSD
The pair is testing the 0.8050-0.8100 zone and an important key resistance level. We are seeing an extended pullback and the key level is 0.7834 200 SMA.
NZDUSD
The pair has broken above the strong resistance 0.7280 level. Now we are seeing the test of 0.7400 level which is also an uptrend Pitchfrok channel line. The pair is rejected by the 0.7400 level and below the 200 SMA 0.7269 we could see an extended downside.
USDCAD
The pair is in the wedge bouncing from the strong support 1.2210 level. Look for an extesnion higher into the 1.2617 level after the wedge break.
GBPUSD
The pair is testing the 200 SMA on a weekly chart 1.4396 level. Look for a reaction from here for an upside extension of reversal pullback. The pair seems to be reversing lower.
Bitcoin
The instrument is pulling back from the 19640 level forming the large bearish shadow weekly candle. We are seing the fall into the 6000-7000 zone after the H&S formation has been broken and we had a downside extension.
ETHEREUM-ETH/USD
The instrument is testing the uptrend channel 750-800 zone for the complete breakdown. If we would have a strong 747 break we could see an extension lower into the 285-300 zone.
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 on 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.