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.

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
EUR/USD
Mixed
Oil - US Crude
Bearish
Wall Street
Mixed
Gold
Bullish
GBP/USD
Bullish
USD/JPY
Mixed
More View more
Real Time News
  • Taking a look at the technicals, the outlook for EUR/GBP remains weak with last weeks brief break below key support at 0.8860 suggesting as much. Get your $GBP technical outlook from @JMcQueenFX here:https://t.co/ZQKI9t3NHt https://t.co/mOWhxiFFVE
  • Forex Update: As of 15:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.12% 🇨🇦CAD: -0.05% 🇯🇵JPY: -0.08% 🇬🇧GBP: -0.18% 🇨🇭CHF: -0.42% 🇪🇺EUR: -0.42% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/KCr9hz3m0O
  • Italy's Conte facing calls to step down from coalition allies - BBG. $EUR
  • Indices Update: As of 15:00, these are your best and worst performers based on the London trading schedule: US 500: 0.43% Wall Street: -0.29% FTSE 100: -0.51% France 40: -0.97% Germany 30: -1.02% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/wDJmo5eYNU
  • Heads Up:💶 ECB President Lagarde Speech due at 16:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-01-25
  • US Dollar strength is continuing this morning, with the $DXY rising from an open around 90.10 to an intraday high slightly above 90.50. $USD https://t.co/jzcv9L7CNy
  • Commodities Update: As of 15:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.04% Gold: -0.20% Silver: -0.38% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/RkfNp3MQFJ
  • $GBPUSD is working its way into a 'terminal wedge' (meaning it will just run out of area). There is a bullish slant to the move which will may shape its tempo on the eventual break (of necessity or intent) https://t.co/9tAmwhRRGA
  • $EURUSD recently hit a fresh intraday low, falling from a morning high around 1.2180 by over 50 pips to currently trade around 1.2125. $EUR $USD https://t.co/sAmlUXzHRI
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in EUR/JPY are at opposite extremes with 67.24%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/ynTWWAOg90
Dollar, EUR/USD, USD/CAD, Gold & Bitcoin Technical Trade Levels

Dollar, EUR/USD, USD/CAD, Gold & Bitcoin Technical Trade Levels

Michael Boutros, Strategist

Weekly Technical Trade Levels on USD Majors / Commodities

Advertisement

US Dollar Threatens Major Price Collapse into December Open– Gold Bears Risk Exhaustion

The US Dollar Index broke below critical multi-year uptrend support last week and while the collapse threatens a much larger price breakdown, the timing of the sell-off into the close of the month leaves the immediate decline vulnerable into the December open. We’re looking to validate a major price inflection on numerous USD setups early in the month. Meanwhile, gold prices have plummeted more than 10% off the monthly highs and we’re on the lookout for downside exhaustion this week. An in-depth look at the technical levels for the US Dollar Index, EUR/USD, Gold, USD/JPY,USD/CAD, AUD/USD, NZD/USD, GBP/USD, Bitcoin (BTC/USD), SPX500 and USD/CHF.

Starts in:
Live now:
Feb 01
( 13:02 GMT )
Live Weekly Strategy Webinars on Mondays at 12:30GMT
Weekly Scalping Webinar
Register for webinar
Join now
Webinar has ended

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 - EUR USD GBP AUD CAD Weekly Event Risk

Economic Calendar - latest economic development and upcoming event risk

Forex for Beginners
Forex for Beginners
Recommended by Michael Boutros
New to Forex Trading? Get started with this Beginners Guide
Get My Guide

---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