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.
Talking Points
- Review of current / active setups in focus on the heels of the French Elections
- Updated targets & invalidation levels
- Join Michael for Live Weekly Trading Webinars on Mondays at 12:30GMT
The first round of French elections are behind us and with sizable gaps into the weekly open shifting the attention to the Euro crosses. Keep in mind we are heading into the final week of April trade and we’ll want to stay nimble into the close of the month. From a technical standpoint, the levels remain clean on the setups we’ve been tracking with the DXY gaping into a key support threshold at the 99-handle- looking for a reaction here over the next few days.
See our 2Q Euro projections and more in the DailyFX Trading Forecasts.
Highlighting the economic docket this week is the European Central Bank (ECB) interest rate decision on Thursday backed by the release of U.S. 1Q GDP on Friday. Consensus estimates are calling for an annualized print of 1.1% after a 2.1% clip in the final quarter of 2016. In this webinar we review the latest DailyFX scalp reports and updated technical setups / key levels (in this order) on DXY, Silver, NZDUSD, EURNZD, EURUSD, GBPUSD, AUDUSD, Gold, USDCAD, Nasdaq 100, Nikkei225.
What do shifts in retail positioning hint about the broader trend? Learn how Sentiment can help your trading in this free guide !
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Key Data Releases
Other Setups in Play:
- Silver Prices Slide Lower- Support Targets View
- NZD/USD Rebound Vulnerable Ahead of New Zealand CPI
- EUR/NZD Into Resistance- Pullback to Offer Entries
- EUR/USD Rallies to ‘Decision Point’
- GBP/AUD Range Break to Determine Next Leg- Constructive Above 1.62
---Written by Michael Boutros, Currency Strategist with DailyFX
Follow Michaelon Twitter @MBForex contact him at mboutros@dailyfx.com or Click Here to be added to his email distribution list.
