Technical Trade Levels: US Dollar, EUR/USD, GBP/USD, USD/CAD & Gold
Weekly Technical Trade Levels on USD Majors / Commodities
- Technical trade setups we’re tracking across the USD Majors / Commodities this week
- Updated trade levels on DXY, EUR/USD, GBP/USD, USD/CAD, Gold and more
- New to Gold Trading? Get started with this Free How to Trade Gold -Beginners Guide
US Dollar Rally Vulnerable into April - Gold Rebound Targeting Major Resistance Hurdle
Non-Farm Payrolls plummeted on Friday and although the employment picture is likely to get worse, markets are taking the data in stride. The US Dollar recovery remains in focus to start the week but we’re looking for possible topside exhaustion just higher in DXY. Gold continues to hold just below near-term resistance at multi-week highs and the focus is on a reaction up here with a close above needed to keep the immediate long-bias viable. In this webinar, we review the updated technical trade setups on DXY, EUR/USD, GBP/USD, USD/CAD, AUD/USD, Gold (XAU/USD), USD/JPY, S&P 500 (SPX500), Crude Oil (WTI) 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 - 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.