News & Analysis at your fingertips.

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. See our updated Privacy Policy here.

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
Subscribe
Please try again
More View more
Real Time News
  • Curious to know if this is because a) bailout by Beijing is still widely viewed as the base case scenario if contagion materializes and/or b) recent backstops implemented globally to curb financial market fallout have effectively supplanted left tail risk https://t.co/cFSXtb1WfQ
  • video uploaded from today's webinar https://t.co/CCrY3mYRjL
  • WTI crude rebounded nicely from session lows, now trading at $70.50 $CL #Oil #OOTT https://t.co/ik3wfuGZZe
  • RT @ZabelinDimitri: Regarding the Fed dot plot⬇️ "If another two officials were to move up their expectations for a rate increase into 2022…
  • Tonight will see Chinese markets open after a two day closure to observe mid-Autumn festival. Naturally, there will be increased focus and volatility given the current backdrop of Evergrande default concerns. Get your market update from @JMcQueenFX here:https://t.co/ky6vpyMup7 https://t.co/7TyDu8rl14
  • RT @RiskReversal: A pretty hot @MacroSetup this week, brought to you by @Nadex and @openexc. @GuyAdami & I warn the young, but mighty @CVec…
  • RT @Nadex: The Macro Setup is back! CNBC’s @GuyAdami, @RiskReversal, and special guest @CVecchioFX discuss: -Evergrande vol hurts everlong…
  • Japanese #Yen Forecast: $USDJPY Breakout Imminent- #FOMC Levels - https://t.co/U5iFDDlWPT https://t.co/f1thUfTOg6
  • RT @BrendanFaganFx: 78 counterparties take $1.240 trillion at Fed's fixed-rate reverse repo $USD $DXY https://t.co/IOcumNHCmc
  • here we go - starting right now https://www.dailyfx.com/webinars/643096611 https://t.co/SBRIykorY8
Technical Trade Levels: US Dollar, EUR/USD, USD/CAD, S&P, Gold & Oil

Technical Trade Levels: US Dollar, EUR/USD, USD/CAD, S&P, Gold & Oil

Michael Boutros, Strategist

Weekly Technical Trade Levels on USD Majors / Commodities

Coronavirus Sell-off Compounded by Oil Price War – USD Majors Extend into Key Technical Levels

The Coronavirus sell-off continues into the weekly open with the major indices in free-fall after a breakdown in OPEC negotiations fueled a massive route in oil prices. Crude was down more than 50% ahead of the US open with the S&P 500 breaking below support to fresh 2020 lows- key support for the index is eyed at the 61.8% retracement of the December 2018 advance at 2740- watch the close with respect to this threshold with the immediate short-bias vulnerable while above. Gold rallied to fresh highs but continues to respect longer-term uptrend resistance – high risk for exhaustion across the board. In this webinar, we review the updated technical trade setups on DXY, EUR/USD, USD/CAD, GBP/USD, Gold(XAU/USD), Crude Oil, USD/CHF, S&P 500 (SPX500), AUD/USD and NZD/USD.

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

Key Event Risk This Week - Economic Calendar - Data Releases

Economic Calendar - latest economic development and upcoming event risk

---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