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
Technical Trade Levels: Dollar, EUR/USD, USD/CAD, USD/JPY, SPX & Gold

Technical Trade Levels: Dollar, EUR/USD, USD/CAD, USD/JPY, SPX & Gold

Michael Boutros, Strategist

Weekly Technical Trade Levels on USD Majors / Commodities

Covid-19 Vaccine Headlines Drive SPX back into Resistance– Gold Breakout Under Review

Markets remain headline driven with the participants focused on the re-opening efforts across the globe and extremely sensitive news on developments in Covid-19 therapeutics / vaccines. Despite the recent volatility, markets largely remain rangebound with price action across the majors continuing to contract within the monthly opening-ranges. The gold breakout is in question as price tests fresh multi-year highs and we’re looking for guidance with today’s close. In this webinar, we review the updated technical trade setups on DXY, EUR/USD,USD/JPY, USD/CAD, Crude Oil (WTI), GBP/USD, Gold(XAU/USD), S&P 500 (SPX500), AUD/USD, NZD/USD, AUD/NZD and EUR/JPY.

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

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