Recent content by Dominic Walsh

Dollar Index (#DXY): Waiting For Breakout Dollar 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...

EURAUD: Bearish Outlook EURAUD 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...

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

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...

S&P500 Index (#SPY): Bullish Outlook Explained S&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...

#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...

#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...

#USDCAD: Time For Pullback USDCAD 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

MarketBreakdown | GOLD, USDJPY, SILVER, US30 Here are the updates & outlook for multiple instruments in my watchlist. 1️⃣ 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...

#NZDCAD: Classic Bearish Pattern NZDCAD 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. Bullish If the price breaks and...

#EURJPY: Detailed Structure Analysis Here are my latest structure analysis for ⚠️EURJPY. Support 1: 138.80 - 139.25 area Support 2: 137.38 - 138.18 area Resistance 1: 143.19 - 143.6 area Resistance 2: 145.00 - 145.58 area Resistance 3: 146.40 - 146.7 area Consider these structures for...

#USDCAD: Important Breakout USDCAD 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 / 1.346 For Additional confirmation use: the SAR...

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

#EURJPY: Detailed Structure Analysis Here are my latest structure analysis for ⚠️EURJPY. Support 1: 138.80 - 139.25 area Support 2: 137.38 - 138.18 area Resistance 1: 143.19 - 143.6 area Resistance 2: 145.00 - 145.58 area Resistance 3: 146.40 - 146.7 area Consider these structures for...