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My personal FX pairs and XAUUSD analysis


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Posted
#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

audcad.jpg

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Posted
#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.

eurchf.jpg

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Posted
#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

cadchf.jpg

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Posted

#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

usdchf.jpg

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Posted
#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

cadjpy.jpg

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Posted
#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!

usdchf.jpg

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Posted
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

bnbusd.jpg

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Posted
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.

gold.jpg

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Posted
#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

gbpaud.jpg

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Posted
#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

nzdjpy.jpg

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Posted
#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

chfjpy.jpg

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Posted
#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

eurchf.jpg

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Posted
#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

eurcad.jpg

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Posted
#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.

usdcad.jpg

  • Like 1
Posted
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.

oil.jpg

  • Like 1
Posted
#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

cadchf.jpg

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Posted

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.

gold.jpg

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Posted
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.

us30.jpg

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Posted
#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

eurcad.jpg

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Posted
#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

cadjpy.jpg

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Posted

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.

btc.jpg

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Posted

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.

gold.jpg

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Posted
#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

eurcad.jpg

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Posted
#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

nzdusd.jpg

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Posted
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.

us30.jpg

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Posted
🟢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

gbpchf.jpg

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Posted
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.

gold.jpg

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Posted
🔻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

audnzd.jpg

  • Like 1

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