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. The break above 90.50 is required for an upside continuation into the 93 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. The pullback is reaching the 58 level. The reaction from this level is important.
DAX
The instrument broke below the 12800 level and is going lower into the 11000 level.
S&P500
S&P500 is rejected from the strong resistance 2850 level and has pulled back to a strong support 2400-2500 level. Look for a reaction from here for a direction.
EURUSD
The pair is rejected from the 1.2500 level and is pulling back to test the strong upside support 1.2200 level. Below this level we could see deeper extension to the downsideinto the 1.1800 level.
USDJPY
The pair is testing the uptrend support 108.400 line. Look for a reaction from here.
AUDJPY
The pair is in a consolidation rectangle and is reaching the key 84 level of support. Below this level we could see a downside continuation.
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 and we could see a break soon.
GBPUSD
The pair is rejected from the 200 SMA on a weekly chart 1.4396 level. We are seeing a deeper pullback into the 1.3200-1.3500 before any chance of continuation higher.
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 and the instrument is reacting higher from here.
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.