My personal FX pairs and XAUUSD analysis

[Dominic Walsh]

#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.

 

[Dominic Walsh]

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

 

[Dominic Walsh]

#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

 

[Dominic Walsh]

#USDCHF: Bearish Move From Key Level

USDCHF 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

 

[Dominic Walsh]

#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

 

[Dominic Walsh]

#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:

If the price breaks and closes above the resistance of the range,
a bullish continuation will be expected at least to 0.9537.

If 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!

 

[Dominic Walsh]

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

 

[Dominic Walsh]

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.

 

[Dominic Walsh]

#GBPAUD: Time For Pullback

GBPAUD reached a key daily structure resistance.
The market was nicely rejected from that on 4H first,
then, a bearish engulfing candle was formed.

I expect a retracement from that structure.
Goal - 1.804

 

[Dominic Walsh]

S&P500 Index (#SPY) Bearish Outlook Explained

S&P500 reached a solid horizontal key level.
The price formed a tiny double top on that and a doji candle.
Now, bears are pushing.

I expect a fall to 3886 / 3851