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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

Michael Boutros, Strategist

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.

New to FX? Review this Free Beginners Guide to get started!

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

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

Follow Michaelon Twitter @MBForex contact him at mboutros@dailyfx.com or Click Here to be added to his email distribution list.

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

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