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Strategy Webinar: USD Majors, Stocks, Gold, Oil Technical Outlook

Strategy Webinar: USD Majors, Stocks, Gold, Oil Technical Outlook

Michael Boutros,
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Weekly Technical Trade Levels on USD Majors, Commodities & Stocks


USD Exhaustion Trade Searches Support- S&P 500, Nasdaq, Dow Breakout Levels

In last week’s Strategy Webinar we discussed the US Dollar exhaustion trade as DXY reversed off downtrend resistance – the focus heading into the start of the week / month is on possible downside exhaustion for the correction. Numerous USD Majors are facing similar technical setups into the August open and the levels are well-defined as we look to key event risk this week from the RBA, BoE, Canada employment and US Non-Farm Payrolls (NFP). A close look at the equity markets highlights the threat for continued strength in all three major indices on the back of this recent breakout – the potential resistance objectives heading into the monthly open.

In this webinar we take an in-depth look at the technical trade levels for US Dollar (DXY), Euro (EUR/USD), British Pound (GBP/USD), Australian Dollar (AUD/USD), US 10Year Treasury Yield (US10Y), Japanese Yen (USD/JPY), Canadian Dollar (USD/CAD), Gold (XAU/USD), Silver (XAG/USD), Crude Oil (WTI), S&P 500 (SPX500), Nasdaq (NDX), Dow Jones Industrial Average (DJI).

You can always find the latest Strategy Webinar on my YouTube playlist.

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 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.