Michael Boutros

Currency 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.

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EURGBP Reacts to Slope Resistance- Reversal Setup Targets Weekly Open

EURGBP has traded into resistance with a break below slope support to mark a correction in the pair. Here are the updated targets & invalidation levels that matter.

NZD/USD Shorts Favored Sub-6759 - Range Break to Clear the Way

Kiwi is trading within well-defined range & we’ll be looking for the break to validate our scalp bias. Here are the updated targets & invalidation levels that matter.

Webinar: Dollar Prospects Hinge on Yellen- EUR, GBP Setups Favored

The greenback is trading just above key confluence support with the USD crosses in focus to start the week. Here are the updated targets & invalidation levels that matter.

Weekly Trading Forecast: Will We See More of Last Week’s Exceptional FX and Commodity Volatility?

The Dollar suffered one of its most abrupt swoons in years until NFPs stabilized the currency. Oil and gold meanwhile generated remarkable volatility and tentative stabs at trends. Will we see more o...

Gold’s Luster at Risk as Fed Testimony Looms

Gold prices rallied for a third consecutive week with the precious metal advancing more than 3.5% to trade at 1157 ahead of the New York close on Friday

USD/CAD Approaches Key Support Ahead of NFP- Buy Dips or Sell Rips?

The USDCAD breakdown is targeting key support zones ahead of US & Canadian employment data tomorrow. Here are the updated targets & invalidation levels that matter.

GBPUSD Breakout Levels- Key Resistance in Focus Ahead of BoE

The sterling breakout is eyeing down its first major resistance hurdle just shy of the 1.47-handle. Here are the updated targets & invalidation levels that matter.

EURUSD Consolidation Break Imminent- Levels To Know

The Euro is consolidating into the apex of a multi-month formation with a topside break favored. Here are the updated targets & invalidation levels that matter.

Webinar: Aussie Crosses at Key Inflection Points Ahead of RBA

Setups we’re tracking as we open February trade with the AUD crosses in our sites heading into the RBA. Here are the updated targets & invalidation levels that matter.

Weekly Trading Forecast: Fresh Stimulus, Tentative Recoveries and Heavy FX Event Risk

The BoJ refreshed the global central bank discussion this past week after announcing negative rates. And, risk-oriented markets gained as they have in years past. Is this a return to familiar trends ...

Gold Boosted by Softer Fed Stance- Resistance at 1130

Gold prices are higher this week with the precious metal rallying nearly 1.8% to trade at 1117 ahead of the New York close on Friday.

EURAUD Approaches Critical Support- Longs Favored Above 1.5300

EURAUD is responding to key support and a breach above slope resistance is needed to validate a reversal. Here are the updated targets & invalidation levels that matter.

AUDJPY Following 2016 Trade Plan- Time to Reload

AUDJPY has achieved 2 of our 3 yearly targets in just the first month of 2016 trade. Here are the updated targets & invalidation levels that matter.

AUDUSD Rally Accelerates Into Resistance- 7037 in Play

The weekly opening range has taken shape just below a key near-term resistance confluence. Here are the updated targets & invalidation levels that matter.

If Risk Implodes, Which Currencies Stand to Suffer or Soar?

A sharp slide in capital markets reflected a strong 'risk off' mentality into the close of this past week. Will cooler heads prevail ahead or was that the next move to escalate a bigger shift in sent...

Gold Down But Not Out as Risk Sell-off Persists- 1072 Support

Gold prices retreated this week with the precious metal off by more than 1% to trade at 1090 ahead of the New York close on Friday.

GBPJPY Coiling For Next Big Move- Breach of 170.50 to Fuel Recovery

GBPJPY is in consolidation with an imminent break of this range to validate our near-term directional bias. Here are the updated targets & invalidation levels that matter.

EURGBP at Key Inflection Point Ahead of BoE- Something’s Gotta Give

EURGBP is consolidating below a key resistance confluence heading into tomorrow’s BoE interest rate decision. Here are the updated targets & invalidation levels that matter.

NZDUSD Testing Slope Support- Rebound to Offer Short Entries

Kiwi is the worst performing currency so far this year with the decline now approaching a key support zone. Here are the updated targets & invalidation levels that matter.

Webinar: EUR, AUD Pose Brisk Start to the Week- Crosses in Focus

Setups we’re tracking after last week’s volatile session with the EUR & AUD crosses in our sites. Here are the updated targets & invalidation levels that matter.


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