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.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Technical Setups: US Dollar Majors, Gold, SPX & Bitcoin– NFP Levels

Technical Setups: US Dollar Majors, Gold, SPX & Bitcoin– NFP Levels

Michael Boutros, Strategist

Weekly Technical Trade Levels on USD Majors & Commodities


USD Vulnerable to Early-Week Pullback- Gold Threatens Major Breakdown

Last week’s market plunge took prices into major downtrend support and heading into the start of the week we’re looking for a rebound in equities – pullback in the US Dollar. The moves are clean with well-defined technical levels in play on the back of last week’s sell-off. Our focus is on the USD Majors early in the week with setups in Euro, Aussie and Loonie of particular interest for possible exhaustion on this recovery. It’s make-or-break for gold this week as the precious metal tests key near-term support into the monthly lows.

Keep in mind we’re heading into the monthly close with the RBA, ECB and BoE rated decisions on tap ahead of Friday’s US Non-Farm Payroll (NFP) report- stay nimble here. In this webinar we take an in-depth look at the technical trade levels for US Dollar Index (DXY), EUR/USD, GBP/USD, GBP/AUD, AUD/USD, USD/CAD, Gold, Bitcoin and SPX.

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 - Weekly Event Risk - RBA - BoE - ECB - NFP - Canada Employment

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.