Technical Trade Levels: Dollar, USD/MXN, GBP/USD, USD/CAD, SPX & 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, USD/MXN, GBP/USD, USD/CAD, SPX, Gold and more!
- New to Gold Trading? Get started with this Free How to Trade Gold -Beginners Guide
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.
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.