DominicWalsh

Dollar Index (#DXY): Waiting For BreakoutDollar Index is trading in a minor bearish trend on a daily.The market is steadily falling within a falling parallel channel.The Index is currently approaching a solid horizontal support.I believe that the fall will resume after its breakout.To confirm that, we will need a daily candle close below 101.9.A bearish continuation will be expected to 101.0 support then.For Additional confirmation use: the Momentum Indicator

EURAUD: Bearish OutlookEURAUD is trading on a key weekly structure resistance.Once the underlined area was reached, the pair started to trade within a horizontal range for 9 consequent trading days.Its support was finally broken yesterday.I think that the pair may drop now.Targets: 1.593 / 1.5717For Additional confirmation use: the Ichimoku Cloud Indicator

#NZDUSD: Bullish Setup ExplainedNZDUSD reached a solid horizontal support.The price was steadily falling within a bullish flag pattern.Once the underlined structure was reached, the market bouncedand broke the resistance of the flag.I believe the pair will go higher now.Goals: 0.6267 / 0.62895

Crude Oil (#WTI): Have You Seen That GAP?With a sudden OPEC decision to cut oil production rate,WTI Oil opened with a huge gap up.The price is currently testing a solid horizontal supply cluster.What we know about gaps is the fact that in 80% of the time they tend to be filled.I believe that sellers will push the price from the underlined resistance and initiate a bearish move.Goals will be 78.57 - middle of the gap, 75.75 - gap open.

S&P500 Index (#SPY): Bullish Outlook ExplainedS&P500 Index is trading in a rising channel on a daily.The price was approaching a solid resistance cluster on Thursday and Friday.The market managed to break that and successfully closed above.I believe that the Index may go higher this week.Next goal for buyers will be 4155For Additional confirmation use: the Half Trend Indicator

#GBPUSD: Your Detailed Trading Plan For This Week⚠️GBPUSD is approaching a key daily structure resistance.The price is currently stuck with a rising wedge pattern.To catch a bearish move from that, watch a reaction of the price to the support of the wedge.If the price breaks and closes below that on a daily, a bearish move will be expectedat least to 1.225.Alternatively, a bullish breakout of the underlined resistance will push the price much higher.

#AUDNZD: Waiting For Breakout⚠️AUDNZD is trading in a bearish trend.The price is currently accumulating within a descending triangle formation.1.067 - 1.069 is its neckline.If the price breaks and closes below that on a daily, probabilities will be high that the market will drop lower.Next support will be 1.0627

#USDCAD: Time For PullbackUSDCAD reached a key level.Testing that, the price broke and closed above the resistance line of a falling wedge pattern.I expect a pullback now.Goals: 1.355 / 1.3577

Market Breakdown | GOLD, USDJPY, SILVER, US30 Here are the updates & outlook for multiple instruments in my watchlist. Gold (#XAUUSD) 4h time frame 🟡 Gold is perfectly respecting a minor rising trend line . So far, I would expect a bullish continuation from that. Goal for buyers might be the underlined yellow resistance. If you are looking for shorting, consider a bearish breakout of the trend line . I can give you a perfect confirmation to sell. #USDJPY daily time frame The market is approaching a solid horizontal resistance. Taking into consideration that the pair is quite overbought and trading in a bearish trend , I believe that probabilities will be high to see a bearish move from that. Silver (#XAGUSD) 4h time frame I spotted a cute bullish accumulation pattern - an ascending triangle formation. The price has successfully violated its neckline. It looks like the market will keep growing. Dow Jones (#US30) daily time frame The market is approaching a solid daily resistance. We see its breakout attempt now. If a daily candle closes above that, the Index may go much higher. For Additional confirmation use: the Best Scalping Indicators

#NZDCAD: Classic Bearish PatternNZDCAD formed a head & shoulders pattern on a daily time frame.Its neckline was successfully broken yesterday.I expect a further decline on the pair.Targets: 0.84 / 0.837

BITCOIN (#BTCUSD): Waiting For The Next Move ₿⚠️Bitcoin is consolidating after a sharp bullish rally.The price is coiling within a horizontal trading range on a daily.Depending on the reaction of the price to its boundaries, I see 2 potential scenarios.BullishIf the price breaks and closes above 28950 on a daily,I will expect a bullish trend continuation.Target will be 31000.BearishIf the price drops and closes below 26300 on a daily,a bearish move will be expected.Goal will be 24300.Because the trend is bullish, I am on a bulls' side as well.However, let's see what will happen.

#EURJPY: Detailed Structure AnalysisHere are my latest structure analysis for ⚠️EURJPY.Support 1: 138.80 - 139.25 areaSupport 2: 137.38 - 138.18 areaResistance 1: 143.19 - 143.6 areaResistance 2: 145.00 - 145.58 areaResistance 3: 146.40 - 146.7 areaConsider these structures for pullback/breakout trading.

#USDCAD: Important BreakoutUSDCAD broke and closed below a solid horizontal demand cluster on a daily.The broken structure turned into resistance now.Probabilities will be high to see a bearish move from that.The goals will be 1.356 / 1.346For Additional confirmation use: the SAR Parabolic Indicator

Dollar Index (#DXY): Key Levels to Watch This WeekHere is my latest structure for Dollar Index.Resistance 1: 103.11 - 103.63 areaResistance 2: 104.74 - 105.1 areaResistance 3: 105.667 - 105.88 areaSupport 1: 100.82 - 100.88 areaConsider these structures for pullback/breakout trading.

#EURJPY: Detailed Structure AnalysisHere are my latest structure analysis for ⚠️EURJPY.Support 1: 138.80 - 139.25 areaSupport 2: 137.38 - 138.18 areaResistance 1: 143.19 - 143.6 areaResistance 2: 145.00 - 145.58 areaResistance 3: 146.40 - 146.7 areaConsider these structures for pullback/breakout trading.