Technical Trade Levels: Dollar, Euro, Sterling, Loonie, Gold & SPX
Weekly Technical Trade Levels on USD Majors / Commodities
- Technical setups we’re tracking across the USD Majors / Commodities this week
- Updated trade levels on US Dollar, EUR/USD, GBP/USD, USD/CAD, AUD/USD, Gold, SPX & more!
- New to Gold Trading? Get started with this Free How to Trade Gold -Beginners Guide
Dollar Plummets into Key Support / Inflection Zone – Gold Recovery Remains Vulnerable
An in-depth review of the USD majors into the start of the week. The DXY is attempting to break near-term uptrend support and the focus is on possible downside exhaustion early in the week. Likewise, numerous dollar setups are trading at key inflection zones into the October open and we’re looking for a reaction here over the next few days to offer guidance. An in-depth look at the technical levels for the Dollar Index, EUR/USD, GBP/USD, USD/CAD, AUD/USD, USD/MXN, Gold, SPX & USD/CHF.
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.