My personal FX pairs and XAUUSD analysis

[Dominic Walsh]

EURUSD set a new higher high higher close on a daily time frame again.
The price has successfully violated 1.091 - 1.093 horizontal resistance.

Now the price retraced.
I will expect the next bullish wave from a confluence zone based the underlined horizontal structure
and a major rising trend line.

Goals: 1.103 / 1.11

 

[Dominic Walsh]

GBPUSD was consolidating on a key level within a horizontal trading range for some time.
Yesterday, its support was finally broken with a high momentum bearish candle.

I expect a further bearish continuation.
Goals: 1.213 / 1.202

 

[Dominic Walsh]

EURCHF reached a key supply area.
The price was coiling for some time on that forming a horizontal trading range.
Its support has been just broken.

I believe that it will push the pair lower.
Goals: 0.9948 / 0.9926

 

[Dominic Walsh]

EURGBP formed a huge ascending triangle on a daily time frame.
The price was nicely respecting its horizontal neckline for some time.
It was finally broken yesterday with a strong bullish candle.

Now, the broken neckline of a triangle and its trend line compose a contacting demand area.
I suggest waiting for an occasional retest of that area, expecting a bullish continuation.

Goals: 0.9 / 0.95

 

[Dominic Walsh]

USDCHF reached a key daily structure resistance.
The pair looks too overbought now.
The price formed a double top pattern with a lower high on 1H time frame
and broke its neckline.

I expect a pullback to 0.92 / 0.917

 

[Dominic Walsh]

NZDJPY is trading within a wide horizontal trading range on a daily.
The price was stuck on its upper boundary for 2 weeks.
A double top pattern was formed.

The price has successfully violated its horizontal neckline last week.
I believe that the pair may go lower.

Goals: 82.4 / 81.6

 

[Dominic Walsh]

The price has nicely respected a major rising trend line and the price successfully broke a neckline of an ascending triangle formation on 4H.

I will expect a bullish continuation now.
Targets: 1895 / 1908

 

[Dominic Walsh]

CHFJPY has recently broken a key daily supply area.
The broken structure turned into a demand zone.

Approaching that, the price formed a double bottom formation and broke its neckline then.
I opened a long position early in the morning on a retest.

Now a bullish continuation is expected to 142.7 / 143.05
Forex Trading Strategies

 

[Dominic Walsh]

USDCAD reached a key supply zone on 4H.
The price formed a double top on that and broke its neckline at night.

I expect a bearish movement to 1.3349 / 1.3295

 

[Dominic Walsh]

EURCAD was consolidating for 3 weeks in a wide horizontal trading range on a daily.
Its support was finally broken this week.

I believe that the pair may go lower now.
Next support - 1.428