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US Dollar Near-term Technical Setups: USD/CAD, AUD/USD, GBP/USD


US Dollar Near-term Technical Setups: USD/CAD, AUD/USD, GBP/USD
2021-04-16 18:38:00
Michael Boutros,
Strategist
Near-term Technical Outlook: USD/CAD, AUD/USD & GBP/USD
Loonie, Aussie & Sterling recoveries eyeing trend resistance
An update on trade setups we ve been tracking inthe Canadian Dollar, Australian Dollar and the British Pound. These are the technical targets and invalidation levels that matter heading into next week. Review my latest Strategy Webinar for an in-depth breakdown of thesetrade setups and more.
In my latest Canadian Dollar Price Outlook we noted that, “is contracting within the April opening-range, just below confluence resistance. From a trading standpoint, we’re on breakout watch with the broader recovery at risk below 1.26.” Price held below monthly open resistance this week at 1.2562 with USD/CAD continuing to press the lows towards key support at 1.2468/84- a region defined by the 61.8% retracement of the March rally and ....

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USD/CAD, AUD/USD, NZDU/USD Near-term Technical Setups


USD/CAD, AUD/USD, NZDU/USD Near-term Technical Setups
2021-04-05 18:55:00
Michael Boutros,
Strategist
Near-term Technical Outlook: Trade Setups on USD/CAD, AUD/USD & NZD/USD
Recent commodity bloc rally- rebound or reversal?
Loonie, Aussie & Kiwi recovery eyeing trend resistance- April opening-ranges in focus
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An update on trade setups we ve been tracking inthe Canadian Dollar, Australian Dollar and New Zealand Dollar. The recent commodity bloc recovery may have more room to stretch, but the levels are well-defined as the rallies eye near-term trend extremes. These are the technical targets and invalidation levels that heading this week. Review my latest Strategy Webinar for an in-depth breakdown of thesetrade setups and more. ....

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Get In On ETF-Wrapped Gold Futures with DGL


December 28, 2020
It’s been a strong year for gold as the precious metal was highly sought after as a safe haven amid the market volatility caused by the pandemic. The big question now is what gold can do in 2021, and the futures market and funds like the 
DGL seeks to track changes, whether positive or negative, in the level of the DBIQ Optimum Yield Gold Index Excess Return™ (DBIQ Opt Yield Gold Index ER or Index) plus the interest income from the Fund’s holdings of primarily US Treasury securities and money market income less the Fund’s expenses. The Fund is designed for investors who want a cost-effective and convenient way to invest in commodity futures. ....

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