Skip to Content
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.

Free Trading Guides
Please try again

Live Webinar Events


Economic Calendar Events


Notify me about

Live Webinar Events
Economic Calendar Events






More View More
USD Majors, Gold, Oil, SPX, Nasdaq & Dow- Weekly Technical Outlook

USD Majors, Gold, Oil, SPX, Nasdaq & Dow- Weekly Technical Outlook

What's on this page

Weekly Technical Trade Levels on USD Majors, Commodities & Stocks

  • Technical setups we’re tracking into the weekly open
  • Key levels for the US Dollar Majors, Gold, Oil, Equity Indices and more!
  • Next Weekly Webinar: Monday November 14th

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), Canadian Dollar (USD/CAD), Japanese Yen (USD/JPY), Gold (XAU/USD), Crude Oil (WTI), S&P 500 (SPX500), Nasdaq (NDX) and the Dow Jones Industrial Average (DJI). These are the levels that matter this heading into the weekly open.

{{WEBINAR|855292659|Live Weekly Strategy Webinars on Mondays at 13:30GMT}}

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

Euro Price Chart – EUR/USD 240min


Chart Prepared by Michael Boutros, Technical Strategist; EUR/USD on Tradingview

Euro is testing near-term resistance here early in the week at parity- looking for possible inflection off this threshold in the days ahead. Weekly open support at 9904 backed by 9748/82- any losses should be limited to this threshold IF price is indeed heading higher (short-term bullish invalidation). A topside breach from here keeps the focus on 1.0095-1.0121 and the upper parallel / September high around the 1.02-handle. Keep in mind we have key US inflation data on tap Thursday – keep a close eye here.

Gold Price Chart - XAU/USD Daily


Chart Prepared by Michael Boutros, Technical Strategist; Gold on Tradingview

Gold prices rallied into confluent resistance last week at 1682/86- a region defined by the 38.2% retracement of the 2015 advance, the July lows, the 61.8% retracement of the October sell-off and multi-month slope resistance. Looking for possible inflection here with a breach / close above needed to suggest a larger recovery is underway towards 1729/34. Initial support now rests with the yearly low-day close at 1659 with a break / close below the objective monthly open at 1633 needed to mark resumption of the broader downtrend.

Crude Oil Price Chart – WTI Daily


Chart Prepared by Michael Boutros, Technical Strategist; Crude Oil (WTI) on Tradingview

Oil prices rallied more than 13.5% off the late-October lows with the advance now testing slope resistance. The 38.2% retracement of the June decline rests just higher at 94.35- a breach / daily close above this threshold is needed to clear the way for a larger advance with key resistance eyed at the May low / 100% extension of the September rally at 98.18-99.44. Initial support rests with the July low at 90.54 with medium-term bullish invalidation raised to the 2013 low / November monthly open at 85.61-86.20.

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 - latest economic development and upcoming event risk

Foundational Trading Knowledge

Forex for Beginners

New to Forex Trading? Get started with this Beginners Guide

Start Course

---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.