Weekly Technical Replace on USD Majors, Commodities & Bitcoin
US Greenback Rally Struggles into Uptrend Resistance– Bitcoin, Gold Poised for Bigger Restoration?
In Monday’s Weekly Strategy Webinar our primary premise on the US Greenback rally was , “maintain them when you acquired them, however get defensive.” The dollar marched greater into Wednesday earlier than exhausting and the main focus is on this pullback from uptrend resistance. Sterling, Aussie and Kiwi are all urgent key help zones at the moment and additional spotlight the chance for near-term exhaustion on this latest transfer. On this webinar we take an in-depth have a look at the technical commerce ranges for the for the US Dollar Index, EUR/USD, GBP/USD, NZD/USD, Crude Oil (WTI), Gold, USD/CAD, USD/JPY and Bitcoin (BTC/USD).
For a whole breakdown of Michael’s buying and selling technique, evaluate his Foundations of Technical Analysis series on Building a Trading Strategy
Key Occasion Danger This Week
Economic Calendar – newest financial growth and upcoming occasion danger
—Written by Michael Boutros, Technical Strategist with DailyFX
Comply with Michael on Twitter @MBForex
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