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The War Bid: USD Majors, S&P 500, Nasdaq, Gold, Oil Technical Setups

The War Bid: USD Majors, S&P 500, Nasdaq, Gold, Oil Technical Setups

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Weekly Technical Trade Levels on USD Majors, Commodities & Stocks


Ukraine War Driving Oil Prices to Multi-Year highs – Technicals Highlight Threat of Trend Exhaustion

In my last Weekly Strategy Webinar we highlighted critical resistance levels in the US Dollar (DXY), gold and oil as markets weighed the impact of the War in Ukraine. A breakout last week across all three assets has unleashed a massive rally with US equity markets still at risk for further losses heading into the weekly open. While the tendency is to want to chase these breakouts, there’s a high risk for possible exhaustion as prices stretch into key technical barriers. In this webinar we take an in-depth look at the technical trade levels for US Dollar Index (DXY), EUR/USD, USD/CAD, S&P 500 (SPX), Gold (XAU/USD), Crude Oil (WTI), AUD/USD, NZD/USD, Nasdaq, Silver, CAD/JPY, GBP/USD, GBP/JPY and (USD/JPY).

For a complete breakdown of Michael’s trading strategy, review his Foundations of Technical Analysis series on Building a Trading Strategy

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Economic Calendar - Key Data Releases - Weekly Event Risks - US Core Inflation & Canada Employment

Economic Calendar - latest economic development and upcoming event risk

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---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.