Japanese Yen Forecast: USD/JPY Rally at Risk into Resistance / FOMC 2021-03-16 17:42:00 Michael Boutros, Strategist
Japanese Yen Technical Price Outlook: USD/JPY Weekly Trade Levels
Japanese Yen technical trade levels update – Weekly Chart
USD/JPY breakout extends into confluent trend resistance
Constructive while above 107.31 – Key resistance at 109.68/92 Advertisement
The Japanese Yen virtually unchanged against the US Dollar this week with the USD/JPY breakout stalling into trend resistance early in the session. All eyes now turn to key central bank interest rate decisions from the Federal Reserve and the Bank of Japan this week with the broader USD/JPY rally vulnerable near-term. These are the updated targets and invalidation levels that matter on the USD/JPY weekly price chart heading into tomorrow’s highly anticipated FOMC rate decision. Review my latest Weekly Strategy Webin
Euro Forecast: EUR/USD Bears Stall at Support- FOMC to Drive
2021-03-15 16:30:00
Michael Boutros,
Strategist
Euro Technical Price Outlook: EUR/USD Weekly Trade Levels
Euro updated technical trade levels & sentiment – Weekly Chart
EUR/USD sell-off halted at technical support- bears vulnerable into FOMC
Risk for deeper setback while below the 1.21– Key weekly support at 1.1835, 1.1695
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Euro is down nearly 0.25% against the US Dollar into the weekly open with EUR/USD trading just above technical support ahead of this week’s highly anticipated FOMC interest rate decision. Price is precariously positioned here at downtrend support and we’re on the lookout for a breakout in the days ahead to offer further guidance on our near-term directional bias. These are the updated targets and invalidation levels that matter on the EUR/USD weekly price chart heading into the Fed. Review my latest Weekly Strategy Webinar for an in-depth breakdown of this Euro technical set
Gold Price Forecast: Gold Plunge Halted at Support- Bulls Face FOMC
2021-03-11 17:07:00
Michael Boutros,
Strategist
Gold Technical Price Outlook: XAU/USD Weekly Trade Levels
Gold priceupdated technical trade levels - Weekly Chart
XAU/USD recovery off technical support remains vulnerable while below 1767
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Gold prices are up nearly 1% this week XAU/USD attempting to snap a three-week losing streak after rebounding from technical support. The recovery may be short-lived however with the broader risk still weighted to the downside heading into FOMC next week. These are the updated targets and invalidation levels that matter on the gold weekly charts into the close of the month. Review my latest Weekly Strategy Webinar for an in-depth breakdown of this gold technical setup and more.
Introduction to Pitchfork Analysis & Median Line Trading 2021-03-30 19:00:00 Michael Boutros, Strategist
This piece focuses pitchfork analysis and median line trading, and reviews how parallels of these trendlines can be utilized to give structure to a market advance or decline. The objective of this methodology is to attempt to identify the gradient or slope of the market trend in order to zero-in on possible levels of support and resistance.
We’ll start by exploring pitchforks and median lines in more detail followed by a deconstruction of a setup. This will illustrate how we formulate a given trade opportunity using pitchfork analysis and median lines.
Gold Price Forecast: Gold Breakdown Accelerates â XAU/USD Bulls Done? 2021-02-26 20:00:00 Michael Boutros, Strategist
Gold Technical Price Outlook: XAU/USD Weekly Trade Levels
Gold priceupdated technical trade levels - Weekly Chart
XAU/USD plunges throughout critical support- risk for further losses heading into March Advertisement
Gold prices plummeted more than 3.3% this week with XAU/USD breaking below key technical support to fresh yearly lows. The losses mark the largest weekly decline this year with the plunge risking a deeper correction in the yellow metal heading into March trade. These are the updated targets and invalidation levels that matter on the gold weekly charts into the close of the month. Review my latest Weekly Strategy Webinar for an in-depth breakdown of this gold technical setup and more.