Weekly Technical Commerce Ranges on USD Majors, Commodities & Shares
On this webinar we take an in-depth take a look at the technical commerce ranges for US Dollar (DXY), Euro (EUR/USD), British Pound (GBP/USD), Canadian Dollar (USD/CAD), Japanese Yen (USD/JPY), Australian Dollar (AUD/USD), Gold (XAU/USD), Silver (XAG/USD), S&P 500 (SPX500), Nasdaq (NDX), Dow Jones Industrial Average (DJI), Crude Oil (WTI) and Bitcoin.
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Live now:
Oct 31
( 12:10 GMT )
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Euro Worth Chart – EUR/USD 240min
Chart Ready by Michael Boutros, Technical Strategist; EUR/USD on Tradingview
Euro is making an attempt to breach yearly downtrend resistance early within the week. A newly recognized upslope could also be in play right here, holding the menace larger whereas above 9700. A topside breach above the median-line would expose key resistance into the month-to-month vary highs at parity- look for a bigger response in value there IF reached.
British Pound Worth Chart – GBP/USD Each day
Chart Ready by Michael Boutros, Technical Strategist; GBP/USD on Tradingview
Sterling has continued to strengthen the importance of the pending vary breakout with the quick give attention to key resistance on the October highs right here at 1.1414/80. Month-to-month open help rests at 1.1160 backed by the month-to-month vary lows at 1.0923. In the end, the menace stays for a bigger restoration in direction of the yearly downtrend / confluent resistance at 1.1630/50- an space of curiosity for attainable exhaustion / value inflection IF reached. Assessment my newest British Pound Weekly Technical Forecast for nearer take a look at the longer-term GBP/USD commerce ranges.
S&P 500 Worth Chart – SPX500 240min Chart
Chart Ready by Michael Boutros, Technical Strategist; SPX500 on Tradingview
Regular as she goes! The S&P 500 is approaching confluent resistance at 3810 early within the week- searching for a response right here IF reached with a detailed above wanted to maintain the give attention to 3906/08. Whereas the near-term slope retains the index constructive, I’m looking out for attainable topside exhaustion / value inflection on a stretch in direction of 3906/08 IF reached. Preliminary help now 3734 with near-term bullish invalidation raised to Friday’s low / June low at 3631/37. Assessment my newest SPX500 Short-term Technical Outlook for a more in-depth take a look at this S&P 500 setup.
For a whole breakdown of Michael’s buying and selling technique, assessment his Foundations of Technical Analysis series on Building a Trading Strategy
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—Written by Michael Boutros, Technical Strategist with DailyFX
Comply with Michael on Twitter @MBForex
