Technical Setups: US Dollar Majors, Gold, SPX & Bitcoin– Fed Levels
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Weekly Technical Trade Levels on USD Majors & Commodities
- Technical setups we’re tracking into the weekly / monthly / yearly open
- Updated trade levels on the US Dollar Majors, Gold, SPX, Bitcoin and more!
- New to Gold Trading? Get started with this Free How to Trade Gold -Beginners Guide
Market Sell-off Threatens Larger Correction- FOMC Takes Center Stage
The recent market sell-off has inflicted significant technical damage on the major indices and the levels are clear heading into the FOMC interest rate decision this week. The US Dollar also remains poised with the recent rally approaching initial resistance levels early in the week- we’re looking for possible near-term inflection here with Loonie, Euro and Aussie at key technical pivot zones. Buckle-up!
In this webinar we take an in-depth look at the technical trade levels for US Dollar Index (DXY), EUR/USD, Gold (XAU/USD), Silver (XAU/USD), USD/CAD, S&P 500 (SPX), Nasdaq (NDX), AUD/USD, NZD/USD, GBP/USD, Bitcoin, Ethereum, Crude Oil (WTI), CAD/JPY, USD/JPY, and EUR/CHF.
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.