Fed, USD Majors, Gold, Oil, Bitcoin, Equities 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, September 21 at 8:30am ET
• Event risk this week: UK employment & CPI and the BoE, FOMC & BoJ rate decisions
• 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.

British Pound Price Chart – GBP/USD 240min

Chart Prepared by Michael Boutros, Sr. Technical Strategist; GBP/USD on TradingView

Notes: Sterling is testing confluent support into the start of the week at the yearly open and the February low-day close (LDC) at 1.3465/74. Note that the 25% parallel of the July pitchfork converges on this region over the next few days and the focus is on possible inflection off this zone. A break / daily close below the 200-day moving average (currently ~1.3452) would threaten a test of broader uptrend support which converges on the 50% retracement of the June advance at 1.3408.