Euro Forecast: EUR/USD Surges Towards Resistance- Bulls Eye 1.20
2021-04-14 20:00:00
Michael Boutros,
Strategist
Euro Technical Price Outlook: EUR/USD Weekly Trade Levels
Euro updated technical trade levels & sentiment – Weekly Chart
EUR/USD rally approaching confluent technical resistance- bulls vulnerable
Key resistance / broader bearish invalidation 1.2103 – Weekly support at 1.1760
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Euro is up more than 0.7% against the US Dollar this week as EUR/USD attempts to build on the April-open rally. An advance of more than 2.4% off the yearly low now eyes key weekly resistance objectives just higher and we’re looking for possible price inflection into this region in the days ahead. These are the updated targets and invalidation levels that matter on the EUR/USD weekly price chart. Review my latest Weekly Strategy Webinar for an in-depth breakdown of this Euro technical setup and more.
Gold Price Forecast: Gold Drifts Towards Range Extremesâ XAU/USD Levels
2021-04-13 16:45:00
Michael Boutros,
Strategist
Gold Technical Price Outlook: XAU/USD Weekly Trade Levels
Gold priceupdated technical trade levels - Weekly Chart
XAU/USD recovery remains vulnerable sub-1767, Support 1707
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Gold prices are virtually unchanged since the start of the week with the XAU/USD recovery losing steam just ahead of the range highs. The focus is on a key resistance just higher with the recent rebound vulnerable while below August 2020 trendline. 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.
Sterling Outlook: GBP/USD April Range Set on Support- Cable Levels 2021-04-12 20:00:00 Michael Boutros, Strategist
Sterling Technical Price Outlook: GBP/USD Trade Levels
Sterling technical trade level update – Daily & Intraday Charts
GBP/USD carves April opening-range just above support– breakout to offer guidance
Key support 1.346/75- near-term bearish invalidation 1.3824. Advertisement
The British Pound is poised to snap a four-day losing streak against the US Dollar with GBP/USD rebounding off key technical support into the weekly open. The recovery may be short lived however as Sterling continues to trade within the confines of a multi-month downtrend. These are the updated targets and invalidation levels that matter on the GBP/USD price charts. Review my latest Weekly Strategy Webinar for an in-depth breakdown of this Sterling technical setup and more.
Gold Price Outlook: Gold Surges into April- XAU/USD Risks Breakout 2021-04-06 19:00:00 Michael Boutros, Strategist
Gold Technical Price Outlook: XAU/USD Near-term Trade Levels
Gold price updated technical trade levels – Daily & Intraday Charts
XAU/USD threatens breakout into the April open- Bearish invalidation 1785, key support 1707 Advertisement
Gold prices have surged nearly 4% off the March lows with XAU/USD threatening a major breakout in early April trade. While the immediate focus is on this recovery, the advance may be vulnerable into uptrend resistance just higher and we’re on the lookout for possible exhaustion on this stretch. These are the updated targets and invalidation levels that matter on the XAU/USD technical charts heading into the April opening-range. Review my latest Strategy Webinar for an in-depth breakdown of this gold technical setup and more.
British Pound Technical Forecast: Sterling Recovery on the Ropes 2021-04-06 17:30:00 Michael Boutros, Strategist
Sterling Technical Price Outlook: GBP/USD Weekly Trade Levels
Sterling technical trade level update – Weekly Chart
GBP/USD April recovery off support now approaching initial resistance
Resistance at 1.3931, 1.4024 Key – Support 1.3675, broader bullish invalidation1.35 Advertisement
The British Pound is fractionally higher against the US Dollar early in the week with Sterling attempting to build on last week’s really. While a rebound off technical support leaves room for further near-term gains, the recovery remains vulnerable and we’re on the lookout for possible topside exhaustion just higher. These are the updated targets and invalidation levels that matter on the GBP/USD weekly technical chart. Review my latest Strategy Webinar for an in-depth breakdown of this Cable