We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
EUR/USD
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Wall Street
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
GBP/USD
Bullish
USD/JPY
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.06%, while traders in US 500 are at opposite extremes with 71.21%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/m74wuZZKeH
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Silver: 0.42% Gold: -0.03% Oil - US Crude: -0.83% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/4cYiwWIL4E
  • What financial job opportunity in which location makes the cut for you? Find out! https://t.co/rrCpMM85Rt https://t.co/4rS0V6FiEm
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.33% 🇦🇺AUD: 0.20% 🇨🇦CAD: -0.00% 🇪🇺EUR: -0.02% 🇯🇵JPY: -0.03% 🇬🇧GBP: -0.05% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/GOEvZ8H1yT
  • Indices Update: As of 16:00, these are your best and worst performers based on the London trading schedule: France 40: 0.33% Germany 30: 0.31% FTSE 100: 0.29% US 500: -0.23% Wall Street: -0.44% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/0oIElrc66l
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here: https://t.co/afobcd9GRa https://t.co/bn3jPwlxks
  • Arizona virus cases rise 5.1% vs prior 4.7% 7-day average - BBG
  • The US Dollar is entering the third quarter with its safe haven status tested by rising COVID cases and trade pressures. What are the key USD catalysts in these opening weeks of July? Download the 3Q guide from @JohnKicklighter to find out here: https://t.co/z3dYpQYiJa https://t.co/Eh2Pd9YZq7
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.26% 🇦🇺AUD: 0.16% 🇪🇺EUR: 0.06% 🇯🇵JPY: 0.00% 🇬🇧GBP: -0.04% 🇨🇦CAD: -0.08% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/xEQQA9wfDe
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: US 500: -0.37% Wall Street: -0.69% Germany 30: -0.84% France 40: -1.05% FTSE 100: -1.45% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/8qMWUcY2fh
Weekly Trade Levels for Euro, Sterling, Loonie, Aussie, Gold & Oil

Weekly Trade Levels for Euro, Sterling, Loonie, Aussie, Gold & Oil

2019-04-29 15:30:00
Michael Boutros, Strategist
Share:

New to Forex Trading? Get started with this Free Beginners Guide

Major Event to Drive US Dollar Price Action into the May Open

The US Dollar Rally is trading near the yearly highs into the close of April trade with major event risk on the horizon. The economic docket is loaded this week with the FOMC, BoE and Non-Farm Payrolls (NFP) on tap- expect volatility into the monthly open. In this webinar we review updated technical setups on DXY, EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/CHF, EUR/CHF, USD/CAD, USD/JPY, Gold and Crude Oil (WTI).

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

Key Levels in Focus

DXY – Key topside resistance objectives at 98.52 & 98.69 – areas of interest for price exhaustion IF reached. Support at 97.71 with bearish invalidation raised to the 2018 high-day close at 97.42.

EUR/USD – Looking for possible exhaustion on a final low towards 1.1060s. Initial resistance at 1.1186/92 – near-term bearish invalidation at 1.1242/45.

GBP/USDSterling testing BIG slope support – initial resistance at 1.2958/68 with near-term bearish invalidation lowered to 1.3000. A break below Friday’s low would shift the focus towards 1.2788/98.

AUD/USD – Daily doji off the yearly low-day close at 7005 in Aussie has produced a recovery back above the yearly open at 7042. Could get a larger rebound here but border risk is lower while below the median-line around 7090s. A break of the lows exposes 6955.

Gold – Price recovery extended into confluence resistance on Friday at 1288. Near-term risk is lower with 1275/76 and the low-day close at 1272 both areas of interest for possible exhaustion – IF the broader price move is higher. Key resistance at 1292/93.

For a complete breakdown of Michael’s trading strategy, review his Foundations of Technical Analysis series on Building a Trading Strategy

Key Event Risk This Week

EUR, USD, GBP, AUD, NZD Economic Calendar - Key Data Releases

Economic Calendar - latest economic developments and upcoming event risk

Active Trade Setups:

Learn how to Trade with Confidence in our Free Trading Guide

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

Follow Michael on Twitter @MBForex

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

DISCLOSURES

News & Analysis at your fingertips.