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.

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

#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!

#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

#USDCHF: Bearish Move From Key LevelUSDCHF 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

#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

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

#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.

#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

Dow Jones Index (#US30): Key Levels to Watch This Week Here is my latest structure analysis for 🔻US30 Index. Support 1: 32470 - 32650 area Support 2: 31700 - 31975 area Resistance 1: 33475 - 33660 area Resistance 2: 34300 - 34500 area Resistance 3: 34820 - 34900 area Vertical Resistance 1: major rising trend line . Currently, the market is approaching a confluence zone based on Vertical & Horizontal Resistance 1. Probabilities will be high to see a pullback from there. Consider the underlined structures for pullback/breakout trading.

Crude Oil (#WTI): Bearish Outlook Explained 🛢 🔻WTI Crude Oil reached a key daily structure resistance. The price formed a tiny little double top on that on 1H time frame. Its neckline has been just broken. The market will most likely keep retracing. Goals: 79.9 / 79.6 Best Scalping Indicators

Gold (#XAUUSD): Time For Pullback 🟡 🟢Gold is approaching a wide horizontal demand cluster on 4H. Taking into consideration, that the market is trading in a minor bullish trend, probabilities will be high to see a pullback from the underlined area. I expect growth to 1855 / 1862 Best Gold Trading Robot - Scouts Gold V9 Robot

BITCOIN (#BTCUSD): Detailed Technical Outlook ₿ ⚠️Bitcoin successfully violated a wide horizontal daily demand area. The broken structure turned into a supply zone. The market is correcting now. I spotted a bearish flag pattern on 4H time frame. Its bearish breakout may initiate the next sell off. Watch carefully the reaction of the price to its rising support. Consider shorting after a 4H candle close below with initial target being 22100.

S&P500 Index (#SPY): Time to Sell 🔻S&P500 Index is testing a wide daily horizontal resistance cluster. Probabilities will be high to see a bearish reaction from that. I believe that the market may drop today to 4032 / 4021 levels. MACD Indicator

#AUDNZD: Bearish Outlook Explained 🔻AUDNZD is testing a wide daily horizontal supply area. The price formed a double top pattern, approaching that on an hourly time frame and broke its neckline with a high momentum bearish candle. I expect a retracement to 1.0848 / 1.0828

Gold (#XAUUSD): Key Levels to Watch This Week 🟡 Here is my latest structure analysis for ⚠️Gold. Support 1: 1843 - 1853 area Support 2: 1804 - 1811 area Resistance 1: 1875 - 1904 area Resistance 2: 1950 - 1959 area Consider these structures for pullback/breakout trading next week. Best MT4 Indicators

#NZDCAD: Bullish Outlook Explained 🟢NZDCAD is taking off from a key horizontal support. The price formed a double bottom on that and broke its neckline then. I expect a bullish continuation to 0.851 / 0.854

#GBPCAD: Your Trading Plan For Today ⚠️GBPCAD is coiling on a key level. I see a horizontal trading range on 1H time frame. 1.6263 - 1.6274 is its neckline. Wait for its bullish breakout (hourly candle close above). It will be your confirmation to buy. Open long aggressively or on a retest then. Goals will be 1.6307 / 1.633 If the price sets a new lower low, the setup will become invalid.

#CADCHF: Bearish Move From Key Level It looks like 🔻CADCHF may drop. The price reached a solid horizontal resistance and formed a tiny double top pattern on an hourly time frame. Now we see a strong bearish pressure. I expect a bearish continuation to 0.6913 / 0.6905

#EURCAD: Important Breakout 🟢EURCAD broke and closed above a major horizontal supply cluster with a high momentum bullish candle yesterday. 1.441 - 1.446 is now turned into a demand zone. I will expect a bullish wave from that area to 1.455 / 1.46 levels.

Crude Oil (#WTI): Bearish Outlook Explained 🛢 🔻Crude Oil is coiling on a key horizontal resistance. The price formed a double top pattern, testing that and broke its neckline then. We may see a retracement from the underlined blue zone. Goals: 76.9 / 76.36

Dow Jones Index (#US30): Oversold Market & Pullback 🟢Dow Jones Index reached a key level. Testing that, the price formed an inverted head & shoulders pattern on an hourly time frame and broke a resistance line of a falling wedge pattern then. I expect a pullback now. Goals: 32950 / 33110

#USDCHF: Detailed Structure Analysis 🇺🇸🇨🇭 Here is my latest structure analysis for ⚠️USDCHF. Support 1: 0.928 - 0.933 area Support 2: 0.922 - 0.923 area Support 3: 0.9137 - 0.916 area Resistance 1: 0.942 - 0.946 area Resistance 2: 0.954 - 0.955 area Consider these structure for pullback/breakout trading.

#GBPJPY: Classic Trend Following 🟢GBPJPY remains very bullish from the beginning of the year. After the last impulsive movement, the market retraced to a peculiar confluence zone. I see a perfect match between 0.5 retracement of the last bullish leg and a horizontal structure support. I will expect a pullback from that to 165.0 / 165.7 vwap mt4 indicator

#EURCAD: Detailed Technical Outlook Here is the wave analysis for ⚠️EURCAD. The market is currently consolidating with a horizontal trading range on a weekly, after a strong bullish impulse. 1.46 - 1.465 is the resistance of the range, 1.423 - 1.43 is its support. The upper boundary of the range matches perfectly with a key weekly resistance. Depending on the reaction of the price to the boundaries of the range, I see 2 potential scenarios: If the price breaks and closes above the resistance of the range, one more bullish wave will be expected. While, a bearish breakout of the support of the range will most likely initiate a correctional movement. Wait for a breakout and then follow the market.