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.

RECENT TWEET



RECENT ARTICLE


DXY Do or Die – Trendline Break to Seal the Fate

The index responded to confluence resistance this week with the pullback now eyeing key support targets. Here are the updated targets & invalidation levels that matter.

USD/JPY Decision Time- 112.30 Line in the Sand

The pair has carved out a clean weekly opening range just above key support. Here are the updated targets & invalidation levels that matter.

Crude Prices Flirt with Key Resistance- 2017 Opening Range Intact

Crude is probing a critical region of resistance which if broken could see significant topside potential. Here are the updated targets & invalidation levels that matter.

USD/CAD Constructive Above 1.3070 Ahead of Canada Retail Sales

USDCAD looks poised for further gains after responding to key daily support last week. Here are the updated targets & invalidation levels that matter into the release.

Weekly Trading Forecast: Fed, Team Trump Battle for Influence

Financial markets cheered a confident Fed yet wilted on fears of status-quo-shattering maneuvers from "team Trump" last week. The tug of war is set to resume in the week ahead.

Gold Prices Flirt with 1250 Hurdle Ahead of FOMC Minutes

Gold prices pressed higher for a third consecutive week with the precious metal up 0.39% to trade at 1238 ahead of the New York close on Friday.

Near-term Setups in DXY, NZD/USD, EUR/NZD & AUD/USD

An update on setups we've been tracking on the DXY, NZD/USD, EUR/NZD & AUD/USD.

EUR/NZD Targeting Resistance- Monthly Range Break to Validate Outlook

A strong repsonse to key support has our focus weighted to the topside ahead of Kiwi retail sales. Here are the updated targets & invalidation levels that matter.

AUD/USD Eyeing Topside Targets Ahead of Aussie Jobs Report

Aussie looks poised to break its recent range ahead of tonight's employment report. Here are the updated targets & invalidation levels that matter into the release.

USD/JPY Clears Monthly Range, Trendline Resistance Ahead of U.S. CPI

A near-term breakout has the focus on upcoming resistance levels. Here are the updated targets & invalidation levels that matter heading into tomorrow's data release.

EUR/GBP Approaching Key Support Targets– 8400 in Focus Ahead UK CPI

EURGBP is approaching key technical support with the short-bias at risk near-term heading into 8400 / UK CPI. Here are the updated targets & invalidation levels that matter.

Weekly Strategy Webinar: USD Rebound Hinges on Yellen Testimony

Webinar highlighting featured setups we're tracking into the start of the week. Here are the updated targets & invalidation levels that matter.

Tax and Trade Promises Won’t Carry Last Week’s Dollar, Equities Trend

Though the event risk this past week was varied, the effective fundamental motivation was once again derived from trade and competitive policies.

Gold Prices Vulnerable into February Open- Outlook Constructive Above 1200

Gold prices rallied higher again this week with the precious metal up 0.87% to trade at 1230 ahead of the New York close on Friday.

Silver Eyes Key Resistance- Weakness to Be Viewed as Opportunity

Although the broader outlook remains constructive, prices are vulnerable near-term while below critical resistance. Here are the updated targets & invalidation levels that matter.

Near-term Setups in NZDUSD, USDCAD USDJPY & AUDJPY

Here's an update on the intraday setups we've been tracking this week.

USD/CAD Rebound Looks to Canada Employment for Fuel

Price action remains constructive with the pair eyeing key resistance targets ahead of tomorrow's data. Here are the updated targets & invalidation levels that matter into the release.

NZD/USD Coils as Traders Await RBNZ – Levels to Know

Kiwi is poised for a near-term breakout heading into today's RBNZ interest rate decision. Here are the updated targets & invalidation levels that matter into the release.

USD/JPY Approaches Key Slope of Influence

USDJPY is eyeing key technical support with the short-bias at risk while above 111. Here are the updated targets & invalidation levels that matter.

AUD/JPY to Threaten Key Support Ahead of RBA

AUD/JPY is eyeing key technical support ahead of tonight's RBA interest rate decision. Here are the updated targets & invalidation levels that matter into the release.


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