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. See our updated Privacy Policy here.

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
More View more
Technical Levels: US Dollar, Euro, Sterling, Loonie, Gold & Bitcoin

Technical Levels: US Dollar, Euro, Sterling, Loonie, Gold & Bitcoin

Michael Boutros, Strategist

Weekly Technical Trade Levels on USD Majors / Commodities

Advertisement

US Dollar Flirts with Critical Support - Gold Recovery Vulnerable into Monthly Open Resistance

The US Dollar takes center stage this week as we head into critical inflation data with the DXY continuing to hold just above objective yearly-open support at 89.93. Friday’s reversal challenges the recent USD strength and the immediate focus is on possible downside exhaustion ahead of the monthly opening-range lows / February low at 89.38. Similar setups are in play across the US Dollar Majors this week and we’ll be closely eyeing key central bank interest rate decisions from the BoC and the ECB as USD/CAD and EUR/USD continue to contract into critical technical levels. In this webinar we take an in-depth look at the key technical trade levels for US Treasuries Yields (US10Y), US Dollar Index, EUR/USD, GBP/USD, USD/CAD, NZD/USD, Gold, USD/JPY, Bitcoin (BTC/USD),AUD/USD and 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

Key Event Risk This Week - Economic Calendar - Data Releases

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.

DISCLOSURES