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 has gone below the 200 SMA (blue line) and below the strong long-term upside support 91-92 zone. The weekly price action is breaking below the long-term trendline and by this is invalidating the uptrend. The USD has gone in the selling cycle in the market. Looking much lower from here.
XAUUSD-GOLD
The bounce from a 1260-1270 has completely invalidated the downside. Now the gold is targeting higher and looking at a test of 1320 on the upside. The instrument has gone above 1320 level and the target zone resistance is 1340-1350.
OIL
The instrument broke above the upside strong resistance 60 level. This break opened the upside reversal into the 200 SMA (blue line) 69.825. The support is now the latest broken upside resistance 60-62 zone.
DAX
 Above 13150 we could see an extension higher into 13500. The instrument bounced from the strong long-term support 12700 level and is testing the strong upside resistance 13500 level.
S&P500
S&P500 is tracking the weekly uptrend Pitchfork channel and is breaking above the strong resistance 2575 level. After breaking the 2750 level we are seeing an extension higher into the 2850 level.
EURUSD
The pair has broken above the downside Pitchfork channel and completely reversed the downtrend. It is testing now the strong resistance 1.22000 level for an extension higher into the 1.23000-1.24000 zone.
USDJPY
The pair broke below the consolidation triangle 112 level and is continuing lower to test the 110 level. The strong downside resistance level and a key trendline test.
AUDJPY
The pair pulled back to a strong support 87-87.500 zone and bounced. The bounce from here would lead to a strong upside continuation and the key upside resistance is 89.390 level.
AUDUSD
The pair bounced from the key 0.7500 level and is closing the week above the 0.7700 level for the complete upside reversal into the 0.7870 level. This is the 200 SMA (BLUE LINE). It is breaking above this level for the continuation of the key upside resistance 0.8062 level.
NZDUSD
The pair is testing the key medium-term downtrend resistance level 0.7280. This level is broken and we could see an extension higher into the 0.7400-0.7500 zone.
USDCAD
The pair has broken below the 200 SMA (blue line) 1.2590 level which is now the downside support. We are expecting the downside continuation in the next days and weeks targeting 1.2200 level especially in the case of a daily close below the 1.2400 level
GBPUSD
The pair has broken above the strong downside trend line resistance 1.3500 level. The nest strong resistance and our upside target is the 1.3700 level and the break above this level would lead to a continuation higher into the 1.4000 level which is happening now. Te strong upside resistance is 1.3950-1.4000 zone
Bitcoin
The instrument is pulling back from the 19640 level forming the large bearish shadow weekly candle. We expect now the fall into the 8000-9000 zone but we need to see a daily close below the 13000 level for the downside extension.
ETHEREUM-ETH/USD
The instrument rejected from the 1130 level again and we could see another leg down targeting the 750-800 zone of the support.
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.