My personal FX pairs and XAUUSD analysis

[Dominic Walsh]

USDJPY is testing a key horizontal demand zone on 4H.
The price formed a double bottom pattern on that and broke its neckline then.

I expect a bullish movement to 132.7

 

[Dominic Walsh]

I am a highly regarded trader, author & coach with over 16 years of experience trading financial markets. Today I am recognized by many as forex trading strategies and indicators developer. I also work with automated trading with top-accuracy Forex Robots and Expert Advisors. After starting blogging in 2014, I became one of the world's most widely followed forex trading coaches, with a monthly readership of more than 40,000 traders.

In this thread, I will share my daily analysis of FX pairs and XAUUSD.

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Shouts Gold EA for XAUUSD M1
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Dominic Walsh

 

[Dominic Walsh]

Here is my latest structure analysis for WTI Crude Oil.

Support 1: 72.3 - 73.2 area
Support 2: 70.0 - 71.4 area

Resistance 1: 81.7 - 85.2 wide supply area

Consider these structures for pullback/breakout trading.

 

[Dominic Walsh]

Gold (#XAUUSD): That Was a Breakout

So it turned out that Gold broke a major rising trend line yesterday.
The market has successfully closed below that on a daily engulfing the last 3 bullish candles.

That violation may push the price lower.
Next support: 1833

 

[Dominic Walsh]

#AUDCAD: Bearish Outlook Explained

AUDCAD looks very bearish:
the price has broken 2 rising trend lines on a daily,
formed a double top and broke its neckline as well.

The price is retesting the confluence zone based on the broken structures.

Probabilities are high that the pair will drop soon.
Goals: 0.924 / 0.916

 

[Dominic Walsh]

EURUSD is moving into a correction phase. The price is resting against the conditional support at 1.065 and forming a bearish flag . This pattern shows us the potential to revive the fall further.

The price is testing the support zone of 1.07116 in a bearish flag format. Breakdown of the support of the local range may lead to the liquidation of the buying liquidity and activation of the momentum for a strong bearish impulse.

However I expect in the near term an exit of the price from the range downwards, breakdown of the support of 1.07116 and price movement towards 1.065, and then to 1.0430

 

[Dominic Walsh]

Gold (#XAUUSD): Bearish Outlook For This Week Explained

An important thing happened on Gold this week.
After a strong bearish movement, the price reached a major rising trend line.
The price was coiling on that since Monday.
On Thursday, it was broken, though.

The price closed below that, forming a bearish engulfing candle.

I believe that the market may keep falling next week.
Next support on focus is 1817 - 1833 area.

 

[Dominic Walsh]

#GBPNZD: Bearish Move From Key Level

GBPNZD reached an important supply cluster last week.
The price formed a double top pattern on an hourly time frame approaching that.

I expect a bearish continuation to 1.903

 

[Dominic Walsh]

USDCAD is trading within a wide horizontal trading range on a daily.
Approaching its resistance, the price formed a double-top pattern.
Its neckline was broken on Friday.

I expect a bearish move to 1.328 now

 

[Dominic Walsh]

GBPCAD is taking off from a key horizontal support.
The price has formed a bullish engulfing candle on 4h, approaching that structure.
A double bottom on an hourly time frame was formed.

I expect a pullback to: 1.618 / 1.622