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

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

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Weekly Technical Trade Levels on USD Majors / Commodities

US Dollar Dives as Majors US Equity Indices Rise - Gold Breakout Under Review

The US Dollar is trading heavy into the start of the week with the greenback weaker against all its major counterparts save the Japanese Yen in early US trade. That said, the DXY is eyeing confluence support near the objective yearly open just lower and we’re looking for a reaction there IF reached. The gold breakout remains in a precarious position with price trading just above long-term uptrend resistance – watch price action closely into the open. In this webinar, we review the updated technical trade setups on DXY, EUR/USD, GBP/USD, AUD/USD, USD/CAD, USD/JPY, Gold (XAU/USD), S&P 500 (SPX500), NZD/USD, AUD/NZD and GBP/AUD.

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

Key Event Risk This Week - Economic Calendar - Weekly Data Releases

Economic Calendar - latest economic development and upcoming event risk

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Forex for Beginners
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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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