Mid-Week Market Check Up- USD, AUD, CAD, JPY, Gold, SPX & Bitcoin
Weekly Technical Update on USD Majors / Commodities
- Technical setups we’re tracking across the USD Majors / Commodities
- Updated trade levels on US Dollar, AUD/USD, USD/CAD, USD/JPY, Gold, SPX, Bitcoin & more!
- New to Gold Trading? Get started with this Free How to Trade Gold -Beginners Guide
US Dollar Exhaustion Faces First Test - Gold Recovery in Focus as Bitcoin Eyes Record Highs
In Monday’s Weekly Strategy Webinar we discussed the risks to the recent US Dollar recovery as numerous breakouts approached near-term trend extremes. While the DXY has indeed pulled back off the monthly highs, the index is virtually unchanged for the week with opening-ranges in play across the Majors. In this webinar we take an in-depth look at the technical levels for the US Dollar Index, EUR/USD, AUD/USD, USD/CAD, Gold, Bitcoin (BTC/USD), USD/JPY, US10Y (TNX), GBP/USD and SPX.
For a complete breakdown of Michael’s trading strategy, review his Foundations of Technical Analysis series on Building a Trading Strategy
---Written by Michael Boutros, Technical Strategist with DailyFX
Follow Michael on Twitter @MBForex
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.