Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

Free Trading Guides
Please try again

Live Webinar Events


Economic Calendar Events


Notify me about

Live Webinar Events
Economic Calendar Events






More View More
EUR/USD, GBP/USD, USD/CAD, Gold & S&P 500- Weekly Technical Outlook

EUR/USD, GBP/USD, USD/CAD, Gold & S&P 500- Weekly Technical Outlook

Michael Boutros,
What's on this page

Weekly Technical Trade Levels on USD Majors, Commodities & Stocks

In this webinar we take an in-depth look at the technical trade levels 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.

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

Euro Price Chart – EUR/USD 240min


Chart Prepared by Michael Boutros, Technical Strategist; EUR/USD on Tradingview

Euro is attempting to breach yearly downtrend resistance early in the week. A newly identified upslope may be in play here, keeping the threat higher while above 9700. A topside breach above the median-line would expose key resistance into the monthly range highs at parity- look for a larger reaction in price there IF reached.

British Pound Price Chart - GBP/USD Daily


Chart Prepared by Michael Boutros, Technical Strategist; GBP/USD on Tradingview

Sterling has continued to reinforce the significance of the pending range breakout with the immediate focus on key resistance at the October highs here at 1.1414/80. Monthly open support rests at 1.1160 backed by the monthly range lows at 1.0923. Ultimately, the threat remains for a larger recovery towards the yearly downtrend / confluent resistance at 1.1630/50- an area of interest for possible exhaustion / price inflection IF reached. Review my latest British Pound Weekly Technical Forecast for closer look at the longer-term GBP/USD trade levels.

S&P 500 Price Chart – SPX500 240min Chart


Chart Prepared by Michael Boutros, Technical Strategist; SPX500 on Tradingview

Steady as she goes! The S&P 500 is approaching confluent resistance at 3810 early in the week- looking for a reaction here IF reached with a close above needed to keep the focus on 3906/08. While the near-term slope keeps the index constructive, I’m on the lookout for possible topside exhaustion / price inflection on a stretch towards 3906/08 IF reached. Initial support now 3734 with near-term bullish invalidation raised to Friday’s low / June low at 3631/37. Review my latest SPX500 Short-term Technical Outlook for a closer look at this S&P 500 setup.

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

Economic Calendar


Economic Calendar - latest economic development and upcoming event risk

Forex for Beginners
Forex for Beginners
Recommended by Michael Boutros
New to Forex Trading? Get started with this Beginners Guide
Get My Guide

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

Follow Michael on Twitter @MBForex

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.