My personal FX pairs and XAUUSD analysis

[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

 

[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

 

[maxinger]

It takes many many decades (or never) to be a successful trader.

So be very very hardworking and learn how to trade.

Trading is more than just drawing lines here and there,
and coloring the charts here and there.
Most of those things you learn from the trading books wouldn't work.

You have to learn how to improve the win rate from around 1% to around 40%.

Anyway, happy trading and happy learning.

 

[SunTrader]

1st support was broken and confirmed with Monday's close. 2nd/current support not just yet:-

 

[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

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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Best Regards,
Dominic Walsh

 

[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]

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.

 

[maxinger]

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.

If you wait for the support to be touched before taking a long position, you are going to miss many opportunities.

A few minutes ago during the European session, Crude oil just went up by a decent amount of > 2 points (> $2000/lot).

 

[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