Weekly Technical Trade Levels on USD Majors / Commodities
- Technical setups we’re tracking across the USD Majors / Commodities heading into FOMC
- Updated trade levels on US Dollar, Euro, Sterling, Loonie, Gold, Bitcoin, Crude Oil and more!
- New to Gold Trading? Get started with this Free How to Trade Gold -Beginners Guide
US Dollar Soars Post-FOMC– Gold, Bitcoin Plunge into Critical Support– Oil Breakout Fizzles
The Fed fueled a massive USD breakout last week with DXY rallying more than 3% off the monthly lows. The advance puts the USD Majors at critical levels near trend extremes and we’re looking for guidance early in the week. From at trading standpoint, we are looking to asses US Dollar weakens on a pullback for possible re-entries. At the same time, both gold and Bitcoin have dropped into key support zones and we’re looking for a reaction here in the days ahead with immediate decline vulnerable here into the start of the week. In this webinar we take an in-depth look at the key technical trade levels for US Dollar Index,US Treasuries Yields (US10Y), VIX,EUR/USD, GBP/USD, USD/CAD, AUD/USD, NZD/USD, Gold, Copper, SPX, Crude Oil (WTI), Bitcoin (BTC/USD) & USD/JPY.

For a complete breakdown of Michael’s trading strategy, review his Foundations of Technical Analysis series on Building a Trading Strategy
Economic Calendar

Economic Calendar - latest economic development and upcoming event risk



---Written by Michael Boutros, Currency Strategist with DailyFX
Follow Michael on Twitter @MBForex