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
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
More View more
Technical Trade Levels: US Dollar, GBP/USD, AUD/USD, USD/CAD & Gold

Technical Trade Levels: US Dollar, GBP/USD, AUD/USD, USD/CAD & Gold

Michael Boutros, Strategist

Weekly Technical Trade Levels on USD Majors / Commodities

Coronavirus Recession Fears take Center Stage- Gold Stabilizing above Support

Markets have been in freefall as the Coronavirus global pandemic threatens a deep recession in the world’s largest economy. Risk aversion has benefited the US Dollar despite 150bps in interest rate cuts from the Federal Reserve this month with the central bank announcing new measure today in an attempt to shore up markets. The plunge in equity markets has started to fuel inflows into gold with XAU/USD showing signs of life at fresh 2020 lows. While the effects of the covid-19 breakout are likely to be lasting, the recent stretch has taken prices into key long-term technical levels and we’re looking for a reaction early in the week. In this webinar, we review the updated technical trade setups on DXY, EUR/USD,GBP/USD, AUD/USD, Gold(XAU/USD), USD/CAD, S&P 500 (SPX500),USD/JPY, NZD/USD and USD/CHF.

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

Economic Calendar - Key Data Releases this Week - US Dollar, Sterling, Euro Event Risk

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