Michael Boutros

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British Pound Short-Term Outlook: GBP/USD Bulls Halted at Resistance

The British Pound bulls halted at resistance last week with the December opening-range now taking shape. Battle-lines drawn on the GBP/USD short-term technical charts.

Gold nuggets

Gold Price Forecast: XAU/USD Moment of Truth at Trend Support

Gold prices snapped a four-week winning streak with XAU/USD now testing multi-month uptrend support. Battle lines drawn on the weekly technical chart.

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August 4, 2023 11:47 AM
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Euro Technical Forecast: EUR/USD Plunge, Turn or Burn Ahead of NFP

Euro is poised for a third weekly decline after a strong reversal off trend resistance at the yearly high. Battle-lines drawn on the EUR/USD weekly technical chart.

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August 3, 2023 12:28 PM

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Canadian Dollar Technical Forecast: USD/CAD Bulls Eye Resistance

Canadian Dollar is on the defensive for a third week with USD/CAD rallying nearly 2% off the yearly low. The levels that matter on the weekly technical chart.

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Gold Short-term Outlook: XAU/USD Bulls Feel the Heat- Support In View

Gold prices plunged more than 2% off the July high with the XAU/USD breakout now facing the first major test. The levels that matter on the short-term technical charts.

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August 1, 2023 11:57 AM

US Dollar Majors, Oil, Gold, S&P 500 & Dow Weekly Technical Outlook

Sr. Technical Strategist Michael Boutros highlights setups he's tracking into the weekly open. The levels that matter on the technical charts heading into August trade.

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British Pound Technical Forecast: GBP/USD Rejects 1.30 Ahead of BoE

British Pound rally remains vulnerable into August with GBP/USD struggling near the yearly highs. The levels that matter on the weekly technical chart ahead of the BoE.

Australian Dollar Forecast: AUD/USD Poised for August Breakout

Australian Dollar is contracting around the yearly moving average with major event risk on tap. Levels that matter on the AUD/USD weekly technical chart.

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Crude Oil Short-term Outlook: WTI Bulls Snap 2023 Losses

Crude oil prices surged more than 25% off the yearly lows with the bulls attempting a 5-day rally within a broader 5-week advance. Levels that matter on the WTI charts.

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July 26, 2023 12:03 PM
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US Dollar Short-term Outlook: Fed Countdown- USD Battle Lines Drawn

US Dollar is attempting a sixth daily advance with the DXY now eyeing trend resistance ahead of major event risk. Levels that matter on the technical charts into FOMC.

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July 25, 2023 12:09 PM
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FOMC, USD Majors, Gold, Oil, S&P 500 & Dow Weekly Technical Outlook

Sr. Technical Strategist Michael Boutros highlights setups he's tracking into the weekly open. The levels that matter on the technical charts heading into FOMC.

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US Dollar Technical Forecast: USD Rally at Risk- FOMC on Tap

The US Dollar reprieve may be short-lived as the index approaches former support with the FOMC on tap. The levels that matter on the DXY weekly technical chart.

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July 21, 2023 11:40 AM
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Australian Dollar Short-term Outlook: AUD/USD Snap Back

Australian Dollar is poised to snap a two-week winning streak with AUD/USD threatening a deeper pullback within the uptrend. Levels that matter on the technical charts.

Energy

Crude Oil Technical Forecast: WTI Bulls Take Charge

The crude oil breakout is approaching a cluster of key resistance hurdles as the bulls push for a fourth-weekly advance. Levels that matter on the WTI weekly chart.

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July 19, 2023 12:25 PM
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Euro Short-term Outlook: EUR/USD Eight-day Rally at Resistance

Euro surged more than 4% off the July low with an eight-day rally taking EUR/USD into trend resistance at fresh yearly highs. Levels that matter on the technical charts.

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July 18, 2023 11:48 AM
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USD/JPY, EUR/USD, GBP/USD, Gold, Oil & SPX Weekly Technical Outlook

Sr. Technical Strategist Michael Boutros highlights setups he's tracking into the weekly open. The levels that matter on the technical charts in the days ahead.

Gold nuggets

Gold Price Technical Forecast: XAU/USD Bulls Bid the Break

Gold prices surged nearly 2% this week with a rebound off technical support now targeting initial resistance hurdles. The levels that matter on the XAU/USD weekly chart.

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July 14, 2023 12:50 PM

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Canadian Dollar Technical Forecast: USD/CAD Plunge Searches Support

Canadian Dollar rally resumed this week with USD/CAD plunging back towards a key support pivot at the yearly lows. The levels that matter on the weekly technical chart.

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Japanese Yen Short-Term Technical Outlook: USD/JPY Free-Falling

Japanese Yen is poised for a fifth consecutive daily advance with USD/JPY plunging to fresh monthly lows. The levels that matter on the short-term technical charts.

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Euro Technical Forecast: EUR/USD Bulls Eye Resistance at Yearly High

Euro is poised for a third weekly advance with the EUR/USD now approaching a major pivot zone into the yearly highs. Battle-lines drawn on the weekly technical chart.

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July 11, 2023 01:52 PM
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US Dollar Majors, Gold, Oil, Nasdaq & Dow Weekly Technical Outlook

Sr. Technical Strategist Michael Boutros highlights setups he's tracking into the weekly open. The levels that matter on the technical charts in the days ahead.

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British Pound Technical Forecast: GBP/USD Coils - Q3 Breakout Levels

British Pound is attempting to build on last months’ breakout with the bulls poised for fresh yearly highs. The levels that matter on the GBP/USD weekly technical chart.

Gold nuggets

Gold Short-term Price Outlook: XAU/USD Moment of Truth at Key Support

Gold prices have plunged back into critical support ahead of major event risk tomorrow. The levels that matter on the XAU/USD short-term technical charts into NFPs.

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July 6, 2023 11:41 AM