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Weekly Technical Outlook: Key Setups in Play Heading into Monthly Close

Weekly Technical Outlook: Key Setups in Play Heading into Monthly Close

2017-11-27 16:57:00
Michael Boutros, Strategist
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The U.S. Dollar (DXY) opens the week just above a near-term support confluence at 92.59 and although this level could provide a rebound, the broader focus remains weighted to the downside while below 93.50. An in-depth, multi-timeframe examination of the USD majors reveal numerous pairs coming off key areas of support / resistance with pending setups in the event of both dollar weakness (EUR, GBP, JPY) and dollar strength (AUD & NZD). Keep in mind the economic calendar is stacked this week for the Eurozone, U.S. and Canada.

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In this webinar we reviewed current & pending setups and updated technical levels on DXY, EURUSD, AUDUSD, USDJPY, NZDUSD, NZDJPY, GBPUSD, GBPJPY, Ethereum (ETHUSD), Bitcoin (BTCUSD) USDCAD, Gold and Crude.

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Key Data Releases

Weekly Technical Outlook: Key Setups in Play Heading into Monthly Close

Why does the average trader lose? Avoid these Mistakes in your trading

Other Setups in Play:

See our 4Q Projections in our Free DailyFX Trading Forecasts.

---Written by Michael Boutros, Currency Strategist with DailyFX

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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