Trade ideas thread – European session 17 July 2023

<p>Is the dollar rout set to continue? Well, if you look at the charts for EUR/USD, GBP/USD, and USD/CHF, there are strong arguments for that. But in the case of USD/JPY, USD/CAD, AUD/USD, and NZD/USD, perhaps the dollar has managed to find some footing. I'll get into the charts myself later but you can check out Greg's comprehensive analysis <a href="https://www.forexlive.com/technical-analysis/the-us-dollar-fell-sharply-last-week-before-consolidating-on-fridaywhat-next-technically-20230716/" target="_blank" rel="follow">here</a> in the meantime.</p><p>Besides that, we also have gold brushing up against its 100-day moving average at $1,955 as buyers are hoping to keep the latest rebound going. And WTI crude oil has seen a bit of a pushback against its own 200-day moving average near $77 at the end of last week. Those are the other notable charts to watch in the commodities space at the moment.</p><p>What are your views on the market right now? Share your thoughts/ideas with the ForexLive community here.</p>

This article was written by Justin Low at www.forexlive.com.