Skip to Content
News & Analysis at your fingertips.
Free Trading Guides
Please try again

Live Webinar Events


Economic Calendar Events


Notify me about

Live Webinar Events
Economic Calendar Events






More View More
Technical Setups: DXY, USD/CAD, AUD/USD, SPX, Gold, Oil, & Bitcoin

Technical Setups: DXY, USD/CAD, AUD/USD, SPX, Gold, Oil, & Bitcoin

What's on this page

Weekly Technical Trade Levels on USD Majors / Commodities


US Dollar Risks Deeper Correction– Bitcoin, Gold to Attempt Counter-offensives

The US Dollar Index (DXY) has extended into a critical resistance range on the back of a four-week rally and while the broader focus remains weighted to the topside, the immediate advance remains vulnerable early in the month while below 94.65. A similar but inverse scenario can be seen in the SPX500 – last week’s decline rebounded off confluent downtrend support and while a near-term recovery may be underway, the risk for a deeper correction remains while below bearish invalidation at 4444. In this webinar we take an in-depth look at the key technical trade levels for US Dollar Index, EUR/USD, SPX500, US10Y, GBP/USD, USD/CAD, Gold (XAU/USD), Silver (XAG/USD) , Bitcoin (BTC/USD), Crude Oil (WTI), USD/JPY and AUD/USD,

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 - AUD, CAD, NZD, EUR, CAD, USD, Key Data Releases

Economic Calendar - latest economic development and upcoming event risk

Forex for Beginners
Forex for Beginners
Recommended by Michael Boutros
New to Forex Trading? Get started with this Beginners Guide
Get My Guide

---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.