We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Mixed
GBP/USD
Mixed
USD/JPY
Bearish
Gold
Mixed
Oil - US Crude
Mixed
Bitcoin
Bearish
More View more
Real Time News
  • The US #StockMarket is on pace to close markedly lower to start the week with less than 30-minutes left in today's #trading session as #Coronavirus fears roil Wall Street S&P 500: -1.46% Dow Jones: -1.45% Nasdaq: -1.80% Russell 2K: -0.73% VIX: +22.25% $SPX $DJI $NDX $RUT $VIX
  • #Bitcoin Daily Pivot Points: S3: 7768.5 S2: 8055.53 S1: 8177.32 P: 8342.56 R1: 8464.35 R2: 8629.59 R3: 8916.62
  • The #Dow Jones remains elevated as tech and defensive sectors underpin the index. However, we see caution in chasing the market higher amid rising risks of a potential correction. Get your market update from @JMcQueenFX here:https://t.co/3klcZ6CHpe https://t.co/3xvxNNWb2O
  • RT @MarketWatch: Economic hit from coronavirus likely to be short lived, but it’s still ‘a little scary, frankly’ https://t.co/NyB3DCRpGS
  • Know the Slope. . . $SPX500 Daily - https://t.co/FoBtqk9CYA https://t.co/nkmzVkx5p6
  • $EURUSD Daily Pivot Points: S3: 1.095 S2: 1.0993 S1: 1.1009 P: 1.1035 R1: 1.1051 R2: 1.1078 R3: 1.112
  • $AUDUSD has been my favored pair to pick on for $USD strength scenarios. RBA is next week, potential for losses still there. But can sellers break-through that .6700 handle that proved so tough to break last year? https://www.dailyfx.com/forex/fundamental/article/drivers_of_price_action/2020/01/27/australian-dollar-price-analysis-aussie-crushed-js-audusd-aud-usd-nears-6700.html https://t.co/DhGJRHFssC
  • Commodities Update: As of 19:00, these are your best and worst performers based on the London trading schedule: Gold: 0.47% Oil - US Crude: -0.13% Silver: -0.18% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/JhDhC307cu
  • Important to keep in mind ahead of $AAPL earnings tomorrow considering what happened the last time they revised their outlook lower - https://www.dailyfx.com/forex/market_alert/2019/01/02/Apple-Cuts-Revenue-Forecast-on-US-China-Trade-War-USDJPY-Crashes.html?ref-author=phanks https://t.co/XSOY7Ow5pa
  • Here is an update to the rolling 12-month market performance of those assets that I consider to be 'risk sensitivity' through today's fireworks. No doubt in my mind it is a 'risk move' https://t.co/1ThNLiUIOq

Michael Boutros

Technical Strategist

Expertise: Short term trading and intraday technical levels.

Michael Boutros is a Currency Strategist for DailyFX, specializing in intraday trading strategies and analysis. He has had years of experience on FX trade desks and has published currency market research for many different trader websites. He holds degrees in Economics and Philosophy from Rutgers University. With the start of his career rooted on the trade desk, Michael keeps a close eye on actionable trade ideas throughout the trading week.

Recent tweets

MBForex Jan 27, 2020
Know the Slope. . . $SPX500 Daily - https://t.co/FoBtqk9CYA https://t.co/nkmzVkx5p6
2020-01-27 20:07:54
MBForex Jan 27, 2020
Technical Trade Levels: US #Dollar, $USDCAD, $EURUSD, Crude #Oil & #Gold - https://t.co/cUN7kGHNWv
MBForex Jan 27, 2020
Weekly Strategy Webinar starting in 15mins on DailyFX! https://t.co/RgnsklZ2Gl
MBForex Jan 26, 2020
*Reminder: Weekly Strategy Webinar tomorrow morning at 8:30am EST on DailyFX! - https://t.co/RgnsklZ2Gl
MBForex Jan 24, 2020
Canadian #Dollar Price Outlook: $USDCAD Bulls at Risk- #Loonie Weekly Trade Levels - https://t.co/17whXkzrb5 https://t.co/eWodvVeuxS
2020-01-24 16:33:21
MBForex Jan 23, 2020
#Oil Price Outlook: #Crude Sinks 6% – $WTI Targets Technical $USOil Support - https://t.co/U3bbP8U2MX https://t.co/9YIyLJkoVb
2020-01-23 17:02:18
Jan 27, 2020
News & Analysis at your fingertips.