Weekly Technical Outlook Summary

Author: Michael Boutros, Sr. Technical Strategist

Date: March 16, 2026

Overview

This article provides a technical analysis of key financial instruments including the US Dollar Index (DXY), Bitcoin (BTC/USD), and various commodities and equity indices. The analysis is particularly relevant given the ongoing geopolitical tensions in Iran and the upcoming central bank meetings.

US Dollar (DXY) Analysis

The US Dollar Index has recently broken above the March opening-range high, with resistance noted at the 100.16/34 level. The medium-term outlook remains positive, but the immediate advance is at risk if it fails to maintain above this resistance. Key support levels are identified at 99.38 and 98.63/69. A breach above 100.35 could signal a resumption of the uptrend, with further resistance at 101.13 and 101.77/92.

Bitcoin (BTC/USD) Analysis

Bitcoin has experienced a significant rally of over 14.5% from its monthly low, currently testing resistance between 74,434 and 76,159. Immediate support is at 70,283/531, with further levels at 66,982 and 62,795. A daily close above the resistance zone could indicate a larger recovery, while a close below the monthly open would suggest a continuation of the downtrend.

Economic Calendar and Upcoming Events

Key economic events to watch include rate decisions from major central banks such as the RBA, Fed, BoC, ECB, BoE, BoJ, and SNB. The Fed's upcoming meeting is particularly significant, with expectations of no rate changes but close attention on economic projections and inflation concerns due to rising energy prices.

Conclusion

Traders should remain vigilant as the market approaches critical technical levels and significant economic announcements. The analysis highlights the importance of monitoring these levels for potential trading opportunities in the coming week.