Partner Center Find a Broker

Hey, forex friends! If you’re planning on trading the dollar this week, then here are potential chart levels and catalysts you should consider!

1-Hour Charts of the Majors

Purple Line: weekly open prices (WO)
Blue Line: weekly highs and lows (PWH, PWL)
Red Line: top and bottom weekly ATRs (tWATR, bWATR)
Blue MA: 100 SMA
Red MA: 200 SMA

EUR/USD 1-hour Forex Chart
EUR/USD 1-hour Forex Chart
GBP/USD 1-hour Forex Chart
GBP/USD 1-hour Forex Chart
USD/JPY 1-hour Forex Chart
USD/JPY 1-hour Forex Chart
USD/CHF 1-hour Forex Chart
USD/CHF 1-hour Forex Chart

Potential Catalysts:

1. Top-tier U.K. Reports – Unlike last week, we actually have a good number of top-tier reports scheduled for release over the next couple of days.

The U.K., in particular, is set to print its CPI, jobs, and retail sales numbers which could finally push GBP out of its tight ranges. Will we see one-directional (no, not the boy group) moves from the currency this week?

2. FOMC meeting minutes – Recent meeting minutes and FOMC member speeches have convinced forex players that the Fed would work on reducing its balance sheet some time in September.

If they’re right, then we should at least see some more details from this week’s FOMC meeting minutes release. Keep your eyes glued to the tube!

Huck's Signature

This content is strictly for informational purposes only and does not constitute as investment advice. Trading any financial market involves risk. Please read our Risk Disclosure to make sure you understand the risks involved.