USD Threatens Uptrend Resumption- S&P 500, Nasdaq, Dow Stretch In the direction of Resistance
In last week’s Technique Webinar we highlighted month-to-month opening-ranges taking form in quite a few USD Majors – they continue to be intact with the DXY preserving the lows at pattern help. The fairness rally has surged by means of preliminary resistance targets and we’re looking out for doable exhaustion simply increased with all three main indices coming into some key technical ranges. Gold & silver are in retreat from key resistance ranges however we’re on the lookout for help shut by. The battle-lines are drawn on the commodity pullback with Oil costs additionally now testing crucial help.
On this webinar we take an in-depth take a look at the technical commerce ranges forUS Dollar (DXY),Euro (EUR/USD), Canadian Dollar (USD/CAD), Gold (XAU/USD), Silver (XAG/USD), S&P 500 (SPX500), Nasdaq (NDX), Dow Jones Industrial Common (DJI), Crude Oil (WTI), Australian Dollar (AUD/USD), Bitcoin (BTC/USD) and New Zealand Dollar (NZD/USD).
You possibly can all the time discover the newest Technique Webinar on my YouTube playlist.
For an entire breakdown of Michael’s buying and selling technique, assessment his Foundations of Technical Analysis series on Building a Trading Strategy
Economic Calendar – newest financial growth and upcoming occasion threat
—Written by Michael Boutros, Technical Strategist with DailyFX
Comply with Michael on Twitter @MBForex