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Technical Trade Levels: Dollar, USD/MXN, GBP/USD, USD/CAD, SPX & Gold

Technical Trade Levels: Dollar, USD/MXN, GBP/USD, USD/CAD, SPX & Gold

Michael Boutros, Strategist

Weekly Technical Trade Levels on USD Majors / Commodities

US Dollar / S&P 500 Rebounds Could be Short-lived – Breakouts Pending into the May Open

Range, range, range! While there are numerous near-term setups in play, heading into the start of the month the US Dollar Majors largely remain within the confines of the April opening-range. It’s a big week for markets as more states come online in the US with key jobs reports on tap from the US and Canada. In this webinar, we review the updated technical trade setups on DXY, EUR/USD,S&P 500 (SPX500), USD/JPY, AUD/USD, USD/MXN, GBP/USD, USD/CAD, Gold (XAU/USD), USD/CHF, EUR/AUD, AUD/NZD.

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Oct 10
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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

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---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.

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