Strategy Webinar: DXY, EUR/USD, USD/CAD, S&P 500 & Gold Tech...| MENAFN.COM

Thursday, 07 July 2022 05:01 GMT

Strategy Webinar: DXY, EUR/USD, USD/CAD, S&P 500 & Gold Technicals


(MENAFN- DailyFX) 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, SPX500 , Nasdaq , Gold , Bitcoin and more!
  • New to Gold Trading? Get started with this Free How to Trade Gold -Beginners Guide
Advertisement Markets Respond to Trend Extremes – The Exhaustion Trade Underway

In my last Weekly Strategy Webinar we noted that the stock reprieve could be short lived - our immediate focus on the SPX500,“recovery within the context of the broader downtrend and we're looking for possible topside exhaustion in the days ahead.” An exhaustion high registered just two-days later with an outside-day reversal candle taking the index into longer-term Fibonacci support on Friday. Our focus now shifts to this pullback in the US Dollar / rebound in the EUR/USD with the S&P 500, Nasdaq & Dow Jones all responding to key support on Friday. The battle-lines are drawn heading into the weekly open.

In this webinar we take an in-depth look at the technical trade levels forUS Dollar (DXY) ,Euro (EUR/USD) ,S&P 500 (SPX500) , Nasdaq (NDX), Dow Jones Industrial Average (DJI), Canadian Dollar USD/CAD , New Zealand Dollar (NZD/USD ), Gold (XAU/USD ), Silver (XAG/USD), British Pound (GBP/USD ), Bitcoin, Apple (AAPL) and Tesla (TSLA).

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

For a complete breakdown of Michael's trading strategy, review his Foundations of Technical Analysis series on Building a Trading Strategy

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---Written by Michael Boutros , Technical Strategist with DailyFX

Follow Michael on Twitter @MBForex

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