A Dollar reversal off was halted by Friday's inflation release as the index straddles yearly open support. The technical levels that matter on the DXY chart into June.
S&P 500 Price Outlook: Bull-Market Correction or More? CPI on Tap
2021-05-11 17:30:00
Michael Boutros,
Strategist
S&P 500 Index Technical Price Outlook: SPX500 Near-term Trade Levels
SPX500 threatens reversal off uptrend resistance- risk for deeper correction sub-4219
Advertisement
The S&P 500 Index has been trading within the confines of a massive multi-month expansionary range with price turning from the upper bounds on building momentum divergence yesterday. Is this just a pullback or the start of something larger? The battle lines are drawn heading into key US inflation data tomorrow. These are the updated targets and invalidation levels that matter on the SPX500 price charts. Review my latest Weekly Strategy Webinar for an in-depth breakdown of this SPX500 technical setup and more.
The US Dollar plummeted on the heels of NFP with an outside-weekly reversal risking further May losses. Here are the levels that matter on the DXY charts.
US Dollar Outlook: USD Correction Plunges Towards 2021 Uptrend Support
2021-04-18 09:00:00
Michael Boutros,
Strategist
US Dollar Technical Price Outlook: DXY Weekly Trade Levels
US Dollartechnical trade level update – Weekly Chart
USD reverses sharply of confluent uptrend resistance- correction underway
DXY weekly resistance steady at 92.28, 93 – constructive while above 90.82
Advertisement
The US Dollar Index plummeted for the second consecutive week with DXY down more than 0.7% in early New York trade on Friday. The losses come on the heels of a larger reversal from confluent uptrend resistance and while the threat for a deeper pullback remains, the bears may be vulnerable in the days ahead as the index approaches yearly uptrend support just lower. These are the updated technical targets and invalidation levels that matter on the US Dollar Index price chart heading into next week. Review my latest Strategy Webinar for an in-depth breakdown of this DXY technical setup
US Dollar Outlook: DXY Breakout Vulnerable into April Open / NFP 2021-04-01 16:30:00 Michael Boutros, Strategist
US Dollar Technical Price Outlook: DXY Near-term Trade Levels
US Dollar technical updated technical trade levels – Daily & Intraday Charts
USD breakout testing first hurdle at uptrend resistance – NFPs on tap
Key resistance into 93.55 - Support eyed at 92.46, constructive above 91.75 Advertisement
The US Dollar Index is up more than 0.3% since the start of the week with DXY attempting to mark a third consecutive weekly advance. The rally takes the index into the first major resistance hurdle and while the broader focus remains constructive, the immediate advance may be vulnerable while below uptrend resistance into the April open. These are the updated technical targets and invalidation levels that matter on the US Dollar Index price chart heading into NFPs tomorrow. Review