DXY, EUR/USD, GBP/USD, USD/CAD, Gold, Oil Weekly Technical Outlook

USD_candlestick
NA-meet-our-team-Michael-Boutros-125x125
By :  ,  Sr. Technical Strategist

Weekly Technical Trade Levels on USD Majors, Commodities & Stocks

  • Technical setups we are tracking into the weekly open / monthly close
  • Next Weekly Strategy Webinar: Monday, April 28 at 8:30am EST
  • 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), Silver (XAG/USD),  Crude Oil (WTI), S&P 500 (SPX500), Nasdaq (NDX), and the Dow Jones (DJI). These are the levels that matter on the technical charts into the weekly open.

Canadian Dollar Price Chart – USD/CAD Weekly

 Canadian Dollar Price Chart-USD CAD Weekly-USDCAD Trade Outlook-Loonie Technical Forecast-2-18-2025

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

USD/CAD has dropped into a pivotal support zone we’ve been tracking for weeks now at 1.4115/76- a region defined by the 2016 high-week close (HWC) and the 38.2% retracement of the late-2023 advance. Looking for possible exhaustion / price inflection here this week with a break / close below the median-line needed to fuel a larger correction within the broader uptrend. Weekly resistance now stands with the objective yearly open at 1.4383- a breach / close above this threshold would suggest a more significant low is in place / threaten uptrend resumption. Review my latest Canadian Dollar short-term outlook for a closer look at the near-term USD/CAD technical trade levels.

 

Get our exclusive guide to AUD/USD trading in 2025

Australian Dollar Price Chart – AUD/USD Weekly

 Australian Dollar Price ChartAUD USD WeeklyAussie Trade Outlook AUDUSD Technical Forecast2182025

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

The Australian Dollar is testing pivotal resistance into the open of the week at 6335/62- a region defined by the 2023 low-week close (LWC) and the August / April swing lows. Note that the median-line converges on the 38.2% retracement just higher at 6414 and a breach / weekly close above would be needed to suggest a more significant trend reversal is underway. Initial weekly support now rests with the objective LWC at 6272- losses should be limited to this slope IF Aussie is heading higher on this stretch. Review my latest Australian Dollar Short-term Outlook for a closer look at the near-term AUD/USD technical trade levels.

Economic Calendar – Key USD Data Releases

US Canada-USD CAD Economic Calendar-USDCAD Key Data Releases-2-18-2025 

Economic Calendar - latest economic developments and upcoming event risk.

--- Written by Michael Boutros, Sr Technical Strategist

Follow Michael on X @MBForex

Open an account in minutes

Experience award-winning platforms with fast and secure execution.

Live Trading Webinars

Our interactive webinars, led by our industry experts, come highly recommended and can help provide your trading with the edge it needs.
Economic Calendar