Weekly Technical Trade Levels on USD Majors & Commodities
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 forUS 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
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