Technical Levels: Dollar, Yen, Aussie, Gold, Silver, Oil & Bitcoin
Weekly Technical Trade Levels on USD Majors / Commodities
- Technical setups we’re tracking across the USD Majors / Commodities heading into the weekly open
- Updated trade levels on US Dollar, USD/JPY, AUD/USD, Gold, Oil, Silver, Bitcoin and more!
- New to Gold Trading? Get started with this Free How to Trade Gold -Beginners Guide
US Dollar, Bitcoin Rallies Vulnerable to Exhaustion – Gold, Silver Plummet to Critical Support at Multi-month Lows
The US Dollar Index has staged an impressive rally of more than 1% off the July lows and while the broader outlook remains constructive, the immediate advance may be vulnerable in the days ahead as DXY approaches uptrend resistance. Similar setups across the USD Majors suggest this week may be critical as price approaches key technical extremes early in the month. The commodity sell-off has been front and center after Gold & Silver prices took a dive into the Asia open- those declines are now responding to critical support zones and the battle lines are drawn into the weekly open. In this webinar we take an in-depth look at the key technical trade levels for US Dollar Index,US10Y, EUR/USD, AUD/USD, USD/CAD, USD/JPY, USD/CHF, Gold, Silver, Bitcoin (BTC/USD) and Crude Oil (WT).
For a complete breakdown of Michael’s trading strategy, review his Foundations of Technical Analysis series on Building a Trading Strategy
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.