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 US Dollar, EUR/USD, USD/CAD, AUD/USD, Gold, SPX and more!
- New to Gold Trading? Get started with this Free How to Trade Gold -Beginners Guide
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
Economic Calendar - latest economic development and upcoming event risk
---Written by Michael Boutros, Currency Strategist with DailyFX
Follow Michael on Twitter @MBForex
