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
Oil - US Crude
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • Technical analysis of charts aims to identify patterns and market trends by utilizing differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here: https://t.co/KDjIjLdTSk https://t.co/SkopOpNy3P
  • US Dollar Trend Still Points Higher After FOMC, Q2 GDP Eyed - https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/euro_open/2021/07/29/US-Dollar-Trend-Still-Points-Higher-After-FOMC-Q2-GDP-Eyed.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr #USD #dollarindex #Fed #FOMC #GDP https://t.co/9ppEljRFq6
  • 💶 Industrial Sentiment (JUL) Actual: 14.6 Expected: 13 Previous: 12.8 https://www.dailyfx.com/economic-calendar#2021-07-29
  • 💶 Economic Sentiment (JUL) Actual: 119 Expected: 118.5 Previous: 117.9 https://www.dailyfx.com/economic-calendar#2021-07-29
  • 💶 Consumer Confidence Final (JUL) Actual: -4.4 Expected: -4.4 Previous: -3.3 https://www.dailyfx.com/economic-calendar#2021-07-29
  • Heads Up:💶 Industrial Sentiment (JUL) due at 09:00 GMT (15min) Expected: 13 Previous: 12.7 https://www.dailyfx.com/economic-calendar#2021-07-29
  • Heads Up:💶 Economic Sentiment (JUL) due at 09:00 GMT (15min) Expected: 118.5 Previous: 117.9 https://www.dailyfx.com/economic-calendar#2021-07-29
  • Heads Up:💶 Consumer Confidence Final (JUL) due at 09:00 GMT (15min) Expected: -4.4 Previous: -3.3 https://www.dailyfx.com/economic-calendar#2021-07-29
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here: https://t.co/ADSC4sIHrP https://t.co/oeAKuToQ5b
  • 🇬🇧 Mortgage Approvals (JUN) Actual: 81.3K Expected: 86.1K Previous: 87.545K https://www.dailyfx.com/economic-calendar#2021-07-29
Mid-Week Technical Outlook: USD Majors, Gold & Oil– July / NFP Levels

Mid-Week Technical Outlook: USD Majors, Gold & Oil– July / NFP Levels

Michael Boutros, Strategist

Weekly Technical Update on USD Majors, Commodities

Advertisement

US Dollar Recovery Eyes Critical Resistance into July Open – Gold, Bitcoin Poised for Divergent Breakouts

In Monday’s Weekly Strategy Webinar we discussed viable technical setups we’ve been tracking in the USD Majors with the US Dollar Index (DXY) targeting major trend resistance just higher. We’re heading into the close of the month / quarter with US Non-Farm Payrolls (NFP) on tap ahead of an extended holiday break. A good time to stay nimble and reduce position size. These are the setups we’re tracking into close of the week- in this webinar we take an in-depth look at the technical levels for the for US Dollar Index,EUR/USD, GBP/USD, USD/CAD, AUD/USD, AUD/JPY, NZD/USD, Gold, 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

Key Event Risk This Week

Key Event Risk this Week - Key Data Releases - Economic Calendar - Non-Farm Payroll (NFP)

Economic Calendar - latest economic development and upcoming event risk

---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.

DISCLOSURES