- Review of current / active setups into the weekly open / monthly close
- Review the Foundations of Technical Analysis mini-series
- Join Michael for Live Weekly Trading Webinars on Mondays at 12:30GMT
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.
Join Michael for his bi-weekly Webinar on the Foundations of Technical Analysis on Fridays- Register for Free Here!
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Key Data Releases
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Other Setups in Play:
- Ethereum Price Rally Stalls Ahead of Key Resistance Targets
- NZD/JPY Range Break Targets Fresh Monthly Lows
- GBP/USD Consolidation Breakout Imminent
- U.S. Dollar Sell-off Targets Initial Support
See our 4Q Projections in our Free DailyFX Trading Forecasts.
---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.
