My personal FX pairs and XAUUSD analysis

[DominicWalsh]

#AUDCAD: Time to Grow

 

🟢AUDCAD dropped to a key daily structure support.

The price formed a double bottom pattern, testing that on 1H,

its neckline was broken then.

 

I expect a bullish move to 0.91 / 0.9117

[DominicWalsh]

#EURCHF: Your Trading Plan For Today

 

⚠️EURCHF is currently consolidating.

The pair is trading within a wide intraday trading range.

Currently, the price is approaching its lower boundary.

 

To buy the pair with a confirmation, watch a double bottom pattern.

0.994 - 0.9943 is its neckline.

Wait for an hourly candle close above that (it will confirm a breakout),

buy aggressively or on a retest then.

 

Target will be 0.996

 

If the price sets a new lower low, the setup will be invalid.

Also use RSI Indicator for confirmation.

[DominicWalsh]

Silver (#XAGUSD): Ahead of Powell's Speech

 

🟢Silver looks very oversold.

The price reached a solid horizontal key level and formed an inverted head and shoulders pattern on 1H time frame.

 

We might see a pullback.

Goals: 20.37 / 20.55

[DominicWalsh]

#CADCHF: Important Breakout

 

🔻CADCHF was coiling for more than a month within a wide horizontal trading range on a daily.

Its support was finally broken yesterday.

 

I believe that the pair will keep falling now.

Next support - 0.679

[DominicWalsh]

#USDCHF: Bearish Move From Key Level

USDCHF looks overbought to me,
The price formed a double top pattern approaching a key structure resistance.
Its neckline has been just broken.

Probabilities are high that we will see a correctional movement on the pair.
Goals: 0.935 / 0.931

[DominicWalsh]

#CADJPY: Classic Trend-Following Setup

 

🔻CADJPY broke and closed below a support line of a bearish flag pattern.

Taking into consideration, that the pair is trading in a bearish trend,

that violation may trigger a sell off.

 

I expect a bearish continuation to 97.05 / 96.1

[DominicWalsh]

#USDCHF: Detailed Technical Outlook

 

⚠️USDCHF is currently consolidating.

The price is stuck between 2 horizontal key levels that compose a range.

 

0.9425 - 0.946 is the resistance of the range.

0.9285 - 0.9306 is the support of the range.

 

Depending on the reaction of the price to its boundaries,

I see 2 potential scenarios:

 

1️⃣If the price breaks and closes above the resistance of the range,

a bullish continuation will be expected at least to 0.9537.

 

2️⃣If the price breaks and closes below the support of the range,

a bearish move will be expected to 0.9193 support.

 

Wait for a breakout, that will clarify the future direction of the market.

Also use Directional Indicator for confirmation!

[DominicWalsh]

Binance Coin (#BNBUSD): Very Bearish Outlook! Here is Why:

 

Have you seen that huge head & shoulders pattern that was formed

on 🔻Binance Coin on a daily.

 

After yesterday's fundamentals, the price successfully violated its neckline and closed below that.

Probabilities are high now, and the market will keep falling.

 

Goals: 256 / 243

[DominicWalsh]

Gold (#XAUUSD): Important Bullish Clue on a Weekly 🟡

 

🟢Gold has nicely respected a major weekly structure support.

The market formed a bullish engulfing candle after the test of structure,

and then we saw a very nice rejection from that.

 

It looks like Gold may go higher.

Next resistance 1925.

 

Remember, that weekly time frame chart unveils a long-term perspective.

So it may take weeks, before the price reaches the target.

[DominicWalsh]

#GBPAUD: Time For Pullback 🇬🇧🇦🇺

 

🔻GBPAUD reached a key daily structure resistance.

The market was nicely rejected from that on 4H first,

then, a bearish engulfing candle was formed.

 

I expect a retracement from that structure.

Goal - 1.804

[DominicWalsh]

S&P500 Index (#SPY) Bearish Outlook Explained

S&P500 reached a solid horizontal key level.
The price formed a tiny double top on that and a doji candle.
Now, bears are pushing.

I expect a fall to 3886 / 3851

[DominicWalsh]

#NZDJPY: Pullback From Key Level

 

🟢NZDJPY formed a cute double bottom pattern on a solid support on 1H time frame.

Its neckline has just been broken.

 

I expect a pullback to 83.24

[DominicWalsh]

#CHFJPY: Bullish Continuation Pattern

 

🟢CHFJPY is trading in a minor bullish trend on a daily.

The price was accumulating for 3 weeks within an ascending triangle formation.

Its resistance was broken on Friday, we see its retest now.

 

I expect a bullish continuation to 148.3

[DominicWalsh]

#EURCHF: Trend-Following Setup

 

🔻EURCHF is approaching a confluence zone based on a horizontal supply area

and 618 retracement of the last bearish impulse.

 

The price formed a head & shoulders pattern, testing that.

Its neckline was broken then.

 

I expect a bearish move to 0.9732

[DominicWalsh]

#EURCAD: Important Breakout! 🇪🇺🇨🇦

 

🟢EURCAD was consolidating for 3 months on a weekly.

The price was coiling within a horizontal range.

Its upper boundary was broken last week, and a weekly candle closed above that.

 

Probabilities will be high, that a new bullish wave will initiate soon.

 

Next resistance - 1.5

[DominicWalsh]

#USDCAD: Your Trading Plan For Today

 

⚠️USDCAD is consolidating on a key level.

We see a narrow horizontal range on 1H time frame.

 

To buy the pair with a confirmation, watch 1.369 - 1.37 horizontal resistance.

If the price breaks and closes above that on 1H, the probability will be high that we will see

a pullback from the underlined structure.

 

The goals will be 1.374 / 1.378

For confirmation use Moving Average Indicator

 

If the price sets a new lower low, the setup will become invalid.

[DominicWalsh]

CRUDE OIL (#WTI) Bearish Setup Explained🛢

 

On a today's live stream, we discussed 🔻WTI Oil.

The price formed a tiny double top pattern on 1H time frame,

approaching a wide supply cluster.

Its neckline was broken.

 

I expect a bearish continuation to 70.9 now.

[DominicWalsh]

#CADCHF: Bearish Move From Key Level

CADCHF is approaching a key daily structure resistance.
The price formed a double top pattern on an hourly time frame
and broke its neckline to the downside then.

I expect the retracement from the underlined zone.
Goals: 0.673 / 0.67

[DominicWalsh]

GOLD (#XAUUSD): Key Levels to Watch🥇

Here is my updated structure analysis for 🟢Gold.

Support 1: 1875 - 1890 area
Support 2: 1855 - 1858 area
Support 3: 1805 - 1813 area

Resistance 1: 1950 - 1960 area
Resistance 2: 1978 - 1998 area

As I predicted on a live stream, the price nicely bounced from Support 1.
I believe that the market will head towards Resistance 1.

Consider the underlined structures for pullback / breakout trading.

[DominicWalsh]

Dow Jones Index (#US30): Waiting For Breakout

 

⚠️Dow Jones Index is very bearish since 7th of March.

Currently, the price is stuck on a solid horizontal support, though.

 

For now, I am patiently waiting for its breakout.

Daily candle close below that area will confirm the violation.

 

A bearish wave will be expected then at least to 30900 support.

 

I will post an update once I spot a confirmed breakout.

[DominicWalsh]

#EURCAD: Top-Down Analysis & Trading Plan

 

⚠️EURCAD is approaching a peculiar horizontal demand zone.

The price formed a doji candle, testing that on a daily.

 

Analyzing a 4H, I spotted a double bottom with a higher low.

1.458 - 1.462 is its neckline.

If the price breaks and closes above that on 4H, I will expect a bullish movement.

 

Goals will be 1.469 / 1.473.

 

❗️If the price sets a new low though, the setup will become invalid

For extra confirmation use german sniper indicator

[DominicWalsh]

#CADJPY: Bullish Outlook Explained

 

🟢CADJPY formed a cute double bottom on a key horizontal support on 4H.

Its neckline was broken during the Asian session.

 

I believe that the pair will most likely bounce.

Target - 98.3

[DominicWalsh]

Bitcoin (#BTCUSD) has just broken a new yearly high!🔥

Bulls are pushing 🟢Bitcoin again.
The price have updated a new high and currently approaching 27000 level.

From a technical perspective, we see a breakout attempt of a major weekly resistance cluster.
The weekly candle closes in 2 days. Closing above the underlined area, Bitcoin will open a potential
for a further bullish continuation.

[DominicWalsh]

Gold (#XAUUSD): Your Trading Plan For This Week 🟡

 

⚠️Gold is unstoppable.

The market closed, forming a high momentum bullish candle on a daily.

The price is currently approaching a solid resistance cluster.

 

To catch a bullish continuation, watch 1977 - 2000 area.

If the price breaks and closes above that, probabilities will be high,

that the market will go much higher.

 

Next goal for buyers will be 2050.

[DominicWalsh]

#EURCAD: Time to Grow!

Update for my Friday's post on 🟢EURCAD.

The price has perfectly respected a horizontal key level on a daily:

after a formation of a double bottom pattern on 4H, its neckline was successfully broken.

 

Now, a bullish continuation is expected.

Targets: 1.469 / 1.4735

For additional confirmation use: VWAP MT4 Indicator

[DominicWalsh]

#NZDUSD: Classic Top-Down Setup

 

🔻NZDUSD is approaching a solid horizontal daily resistance.

We see a strong bearish reaction from that:

the price formed a rising wedge pattern and a head and shoulders pattern,

the support of the wedge and the neckline of h&s were successfully broken.

 

I believe that the pair may drop.

Goals: 0.6237 / 0.622

[DominicWalsh]

Dow Jones Index (#US30): Key Levels to Watch This Week

 

Here is my latest structure analysis and key levels to watch this week on ⚠️Dow Jones.

 

Support 1: 31420 - 31830 area

Support 2: 30690 - 30900 area

Support 3: 30070 - 30360 area

 

Resistance 1: 32250 - 32610 area

Resistance 2: 33430 - 33660 area

 

The market is currently stuck between Support 1 & Support 2.

The market participants are awaiting the interest rate decision on Wednesday.

It will most likely clarify the future direction of the market with a breakout.

 

Consider the underlined structures for pullback/breakout trading.

[DominicWalsh]

🟢GBPCHF broke and closed above a major falling trend line on a daily.

The broken trend line turned into a key vertical support now.

Probabilities will be high, that a bullish movement will initiate from that.

 

Next goals for buyers: 1.1423 / 1.151

For Additional confirmation use: Leading Indicators

[DominicWalsh]

GOLD (#XAUUSD): Detailed Structure Analysis 🥇

 

Here is my detailed structure analysis for ⚠️Gold.

 

Resistance 1: 1998.0 - 2010.0 area

Resistance 2: 2050.0 - 2070.0 area

 

Support 1: 1949.0 - 1960.0 area

Support 2: 1875.0 - 1904.0 area

Support 3: 1854.0 - 1859.0 area

Support 4: 1804.0 - 1813.0 area

 

Consider these structures for pullback / breakout trading.

[DominicWalsh]

🔻AUDNZD reached a solid horizontal structure resistance.

The price formed a doji candle on 4h and a double top pattern on 1H time frame.

The neckline of the double top has just been broken.

 

I expect a retracement to 1.0767 / 1.0744

For Additional confirmation use: Swing Trading Indicators