USD Majors, Gold, Bitcoin, Fed, Weekly Technical Outlook

• Technical trade setups we are tracking into the start of the week on the USD Majors, commodities, and equity indices.
• Next Weekly Strategy Webinar: Monday, August 31 at 8:30am ET
• Major week of event risk with Core PCE, Nvidia earnings, and Jackson Hole on tap
• Review the latest Video Updates or Stream Live on my YouTube playlist

In this webinar we take an in-depth look at the technical trade levels for the US Dollar (DXY), Euro (EUR/USD), British Pound (GBP/USD), Australian Dollar (AUD/USD), Canadian Dollar (USD/CAD), Japanese Yen (USD/JPY), Swiss Franc (USD/CHF), Gold (XAU/USD), Crude Oil (WTI), Bitcoin (BTC/USD), S&P 500 (SPX500), Nasdaq (NDX), and Dow Jones (DJI). These are the levels that matter on the technical charts into the weekly open. The assets are chaptered on the recording for your convenience.

US Dollar Index Price Chart – USD 240min (DXY)

Chart Prepared by Michael Boutros, Sr. Technical Strategist; DXY on TradingView

Notes: The U.S. Dollar Index is testing confluent support at the August high-day close and May low at 98.68/69. Note that the lower parallel of the July pitchfork rests just lower and the immediate short-bias is vulnerable while above. A break / daily close below this slope is needed to mark downtrend resumption with key support objectives eyed at the yearly open at 98.24 and the 61.8% retracement of the yearly range at 97.94. Both areas represent zones of interest for possible downside exhaustion / price inflection IF reached.