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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Peso Losses to Accelerate - USD/MXN Targets Critical Resistance

The rebound is approaching a near-term resistance confluence which if broken could fuel a larger scale recovery. Here are the updated targets & invalidation levels that matter.

Silver Prices Testing Key Support Hurdle

Prices are approaching a key near-term support confluence putting the immediate short-bias at risk. Here are the updated targets & invalidation levels that matter.

AUD/USD Levels to Know for Australia CPI Tonight

Aussie is threatening a break of a near-term consolidation range heading into tonight’s inflation print. Here are the updated targets & invalidation levels that matter.

EUR/AUD Gaps Into Resistance- Pullback to Offer Opportunity

A Sunday open gap leaves the immediate long-side vulnerable but the broader outlook remains unchanged. Here are the updated targets & invalidation levels that matter.

Strategy Webinar: Mind the Gaps- Levels in Play Post-Election

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

Near-term Setups in EURUSD & EURNZD

Here's an update on the setup's we've been tracking this week and levels to know heading into the French elections this weekend.

Silver Prices Slide Lower- Support Targets View

Silver failed to hold above key resistance this week with the pullback now eyeing near-term support. Here are the updated targets & invalidation levels that matter.

NZD/USD Rebound Vulnerable Ahead of New Zealand CPI

The weekly opening range is in focus ahead of tonight’s Kiwi inflation print. Here are the updated targets & invalidation levels that matter into the release.

EUR/NZD Into Resistance- Pullback to Offer Entries

EURNZD is testing near-term resistance but the broader outlook remains constructive heading into New Zealand CPI. Here are the updated targets & invalidation levels that matter.

EUR/USD Rallies to ’Decision Point’

Euro is testing a key resistance threshold which if compromised could see accelerated gains for the pair. Here are the updated targets & invalidation levels that matter.

GBPAUD Range Break to Determine Next Leg- Constructive Above 1.62

The risk remains for another low in GBPAUD before resumption of the broader uptrend. Here are the updated targets & invalidation levels that matter.

Strategy Webinar: Technical Levels amid the Geopolitical Minefield

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

Gold Price Pullback to Give Way to Fresh 2017 High in 2Q

Gold prices may correct lower toward the start the second quarter but overall positioning favors an upside bias, with new 2017 highs expected by mid-year.

Weekly Trading Forecast: All Eyes on the White House Yet Again

Financial markets will be looking to the White House for direction again as its actions stoke worries about wars of the military and currency variety.

Gold Rally Flirts with Major Breakout on Trump / Dollar

Gold prices are poised to close higher for the fifth consecutive week with the precious metal up more than 2.6% to trade at 1286 ahead of the New York close on Thursday

GBP/USD Technical Analysis: Look for the Pullback to Get Long

Cable is at risk for a near-term pullback but the broader outlook remains constructive as the pair attempts to breach the monthly range highs.

Gold Technical Analysis: Rally Approaching Critical Resistance at 1278

Gold is attempting to close above the 200-day moving average for the first time this year & after five failed attempts.

USD/CAD Consolidation to Face Bank of Canada

The pair remains at risk heading into tomorrow’s central bank interest rate decision. Here are the updated targets & invalidation levels that matter into the release.

GBP/USD Technical Analysis: Reversal to Gather Pace

Cable responded to the 50% retracement of the March advance at 1.2362 this week with the rebound now approaching initial resistance targets.

Gold Technical Analysis: Breakout Failure Despite Syrian Conflict

Gold prices rallied for a fourth consecutive week with the precious metal up more than 0.4% to trade at 1253 ahead of the New York close on Friday.


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