My personal FX pairs and XAUUSD analysis

[DominicWAlsh]

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.

 

[DominicWAlsh]

#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

 

[DominicWAlsh]

#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 pullback/breakout trading.

 

[DominicWAlsh]

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 closes above 28950 on a daily,
I will expect a bullish trend continuation.
Target will be 31000.

Bearish
If the price drops and closes below 26300 on a daily,
a bearish move will be expected.
Goal will be 24300.

Because the trend is bullish, I am on a bulls' side as well.
However, let's see what will happen.

 

[DominicWAlsh]

#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

 

[DominicWAlsh]

Market Breakdown | GOLD, USDJPY, SILVER, US30

Here are the updates & outlook for multiple instruments in my watchlist.

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 underlined yellow resistance.

If you are looking for shorting, consider a bearish breakout of the trend line .
I can give you a perfect confirmation to sell.

#USDJPY daily time frame
The market is approaching a solid horizontal resistance.
Taking into consideration that the pair is quite overbought and trading in a bearish trend ,
I believe that probabilities will be high to see a bearish move from that.

Silver (#XAGUSD) 4h time frame
I spotted a cute bullish accumulation pattern - an ascending triangle formation.
The price has successfully violated its neckline.
It looks like the market will keep growing.

Dow Jones (#US30) daily time frame
The market is approaching a solid daily resistance.
We see its breakout attempt now.
If a daily candle closes above that, the Index may go much higher.

 

[DominicWAlsh]

#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.
Next support will be 1.0627

 

[DominicWAlsh]

#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 below that on a daily, a bearish move will be expected
at least to 1.225.

Alternatively, a bullish breakout of the underlined resistance will push the price much higher.

 

[DominicWAlsh]

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.
Next goal for buyers will be 4155

 

[DominicWAlsh]

#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 / 0.62895

 

[DominicWAlsh]

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 confirm that, we will need a daily candle close below 101.9.

A bearish continuation will be expected to 101.0 support then.
For Additional confirmation use: the Momentum Indicator