Weekly 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 88-88.50 zone and we could see a depper pullback into the broken downside resistance 90.80 level again. The break above 91 level is required for an upside continuation into the 93 level.
XAUUSD-GOLD
The instrument is testing again the horizontal support 1300 level after the rejection from 1350 level. We could see a test of the 1260-1280 zone if we get a break below the 1300 level.
OIL
The instrument is in the consolidation triangle and a break below 61 level is required for a 50-54 zone test. A break above the 62.300 is required for an upside continuation into the 200 SMA 66.700 level.
DAX
The instrument is testing the 12435 level and we could see a rejection from here for a downside continuation. This is the second retest of the downside support.
S&P500
S&P500 is testing the 2800 point level again. This level needs to hold for a dowsnide continuation and a break below the 2680 is required for a test of 2600 level.
EURUSD
The pair is ejected by the 1.2400 level and we could see a dowsnide continuation into the 1.20000 level. A break below the 1.2200 level is required for a strong uptrend support zone 1.19000-1.20000 test.
USDJPY
The pair is rejected again from the 106.500 level and we could see an extended downside into the 100 level as long as this 106.500 level holds.
AUDJPY
The pair is retesting the 81.500 level of the downside resistance after the rejection from a median line. A break below this level could see a downside continuation into the 75 level.
AUDUSD
The pair is rejected from the 0.7870 level and is pulling lower. A break below 0.7700 level is opening a test of 0.7500 level.
NZDUSD
The pair is rejected from the 0.7200-0.7300 zone and a break below the 0.7100 level is required for the downside continuation into the 0.6800-0.6900 zone.
USDCAD
The pair is testing the strong upside resistance 1.3100-1.3200 zone for the upside continuation. Look for a reaction from here before the trade entries.
GBPUSD
The pair is testing the 1.4000 level for the upside break or a dowsnide reversal. Look fo the reaction from here. Consolidation moves.
Bitcoin
The instrument is rejected from the 11500 level and is testing the only left upside support 7600. A break below is required for the downside extension.
ETHEREUM-ETH/USD
The instrument is breaking below the 590 level for the only upside support level left 365. A break below will open the extended dowsnide.
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.</s</