Daily market overview DXY, XAUUSD, OIL, S&P500, DAX, EURUSD, USDJPY, AUDUSD, NZDUSD, USDCAD, GBPUSD, BITCOIN
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DXY-USDollar index
The instrument is bouncing from the 88.20 level again and is reaching the resistance 90 level again.
Note: look for the reaction from 88.200-88.600 zone
XAUUSD-GOLD
Gold is rejected by the 1340-1350 zone and is moving lower for a test of 1325 trendline intersection level.
Note: stay away from the trade entries for now if you are not already short.
OIL
The instrument is rejected by the 50% Fibbo retracement 62.300 level.
Note: look for the short trade entries for now with the SL above 62 level
DAX
DAX is breaking below the rising trendline and we could see a deeper pullback into the 100 SMA 11597 level.
Note: look only for the short trade entries with the SL above 12800 on this pullback higher
S&P500
S&P500 is being rejected by the 2850 level and is pulling back. We have reached now a strong uptrend support 2540 level. The downside support is 2750-2800 zone.
Note: look for a retest of 2750 level on this bounce from the 200 SMA. Look only for the short trade entries with the SL above 2750 level.
EURUSD
The pair bounced from the 1.2200 uptrend line and it is reaching now the 1.2500 resistance level again. The pair is in the triangle after the 1.2500 rejection.
Note: Stay away from the trade entries for now
USDJPY
The pair broke below the 107.600 level and has formed a channel testing the lower 105.800 level. We have a bounce fro the lower channel line and we could see a retest of the 108 handle.
Note: stay away from the trade entries for now
AUDUSD
The pair is pulling back to correct the downside move. Another rejection from 0.8000 level is making the case for another dowsnide move into the 0.7760
Note: look for the short trade entries for now with the SL above 0.7780
NZDUSD
The pair bounced from the support 0.7200 level and is reaching horizontal resistance 0.7400 level again.
Note: stay away from the trade entries for now
USDCAD
The pair is breaking above the wedge 1.2400 level with the confirmation. We could see an extended upside now if we will get a break above the 1.2680 level.
Note: Stay away from the trade entries for now if you are not already long as the pair is testing the key 1.2650 resistance level.
GBPUSD
The pair is being rejected by the 1.4100 level and is forming the consolidation triangle.
Note: stay away from the trade entries for now as the pair is testing the 200 SMA again 1.3900 level.
Bitcoin
The instrument is bouncing from the 200 SMA 7200 level and we are seing extended upside into the 10000 level. The key upside continuation level is 12500.
Note: look only for the buy entreis with the SL below 7200 while the instrument is breaking above the wedge 9000 level.
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 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.</p