My personal FX pairs and XAUUSD analysis

[Dominic Walsh]

#NZDJPY: Pullback From Key Level

NZDJPY formed a cute double bottom pattern on a solid support on 1H time frame.
Its neckline has just been broken.

I expect a pullback to 83.24

 

[Dominic Walsh]

#CHFJPY: Bullish Continuation Pattern

CHFJPY is trading in a minor bullish trend on a daily.
The price was accumulating for 3 weeks within an ascending triangle formation.
Its resistance was broken on Friday, we see its retest now.

I expect a bullish continuation to 148.3

 

[Dominic Walsh]

#EURCHF: Trend-Following Setup

EURCHF is approaching a confluence zone based on a horizontal supply area
and 618 retracement of the last bearish impulse.

The price formed a head & shoulders pattern, testing that.
Its neckline was broken then.

I expect a bearish move to 0.9732

 

[Dominic Walsh]

#EURCAD: Important Breakout!

EURCAD was consolidating for 3 months on a weekly.
The price was coiling within a horizontal range.
Its upper boundary was broken last week, and a weekly candle closed above that.

Probabilities will be high, that a new bullish wave will initiate soon.

Next resistance - 1.5

 

[Dominic Walsh]

#USDCAD: Your Trading Plan For Today

USDCAD is consolidating on a key level.
We see a narrow horizontal range on 1H time frame.

To buy the pair with a confirmation, watch 1.369 - 1.37 horizontal resistance.
If the price breaks and closes above that on 1H, the probability will be high that we will see
a pullback from the underlined structure.

The goals will be 1.374 / 1.378
For confirmation use Moving Average Indicator

If the price sets a new lower low, the setup will become invalid.

 

[Dominic Walsh]

CRUDE OIL (#WTI) Bearish Setup Explained

On a today's live stream, we discussed WTI Oil.
The price formed a tiny double top pattern on 1H time frame,
approaching a wide supply cluster.
Its neckline was broken.

I expect a bearish continuation to 70.9 now.

 

[Dominic Walsh]

#CADCHF: Bearish Move From Key Level

CADCHF is approaching a key daily structure resistance.
The price formed a double top pattern on an hourly time frame
and broke its neckline to the downside then.

I expect the retracement from the underlined zone.
Goals: 0.673 / 0.67

 

[Dominic Walsh]

GOLD (#XAUUSD): Key Levels to Watch

Here is my updated structure analysis for Gold.

Support 1: 1875 - 1890 area
Support 2: 1855 - 1858 area
Support 3: 1805 - 1813 area

Resistance 1: 1950 - 1960 area
Resistance 2: 1978 - 1998 area

As I predicted on a live stream, the price nicely bounced from Support 1.
I believe that the market will head towards Resistance 1.

Consider the underlined structures for pullback / breakout trading.

 

[Dominic Walsh]

Dow Jones Index (#US30): Waiting For Breakout

Dow Jones Index is very bearish since 7th of March.
Currently, the price is stuck on a solid horizontal support, though.

For now, I am patiently waiting for its breakout.
Daily candle close below that area will confirm the violation.

A bearish wave will be expected then at least to 30900 support.

I will post an update once I spot a confirmed breakout.

 

[Dominic Walsh]

#EURCAD: Top-Down Analysis & Trading Plan

EURCAD is approaching a peculiar horizontal demand zone.
The price formed a doji candle, testing that on a daily.

Analyzing a 4H, I spotted a double bottom with a higher low.
1.458 - 1.462 is its neckline.
If the price breaks and closes above that on 4H, I will expect a bullish movement.

Goals will be 1.469 / 1.473.

️If the price sets a new low though, the setup will become invalid
For extra confirmation use german sniper indicator