My personal FX pairs and XAUUSD analysis

[Dominic Walsh]

#EURCAD: Detailed Technical Outlook
Here is the wave analysis for EURCAD.
The market is currently consolidating with a horizontal trading range on a weekly, after a strong bullish impulse.
1.46 - 1.465 is the resistance of the range,
1.423 - 1.43 is its support.
The upper boundary of the range matches perfectly with a key weekly resistance.
Depending on the reaction of the price to the boundaries of the range, I see 2 potential scenarios:
If the price breaks and closes above the resistance of the range, one more bullish wave will be expected.
While, a bearish breakout of the support of the range will most likely initiate a correctional movement.
Wait for a breakout and then follow the market.

 

[Dominic Walsh]

#GBPJPY: Classic Trend Following
GBPJPY remains very bullish from the beginning of the year.
After the last impulsive movement, the market retraced to a peculiar confluence zone.
I see a perfect match between 0.5 retracement of the last bullish leg and a horizontal structure support.
I will expect a pullback from that to 165.0 / 165.7
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[Dominic Walsh]

#USDCHF: Detailed Structure Analysis
Here is my latest structure analysis for USDCHF.
Support 1: 0.928 - 0.933 area
Support 2: 0.922 - 0.923 area
Support 3: 0.9137 - 0.916 area
Resistance 1: 0.942 - 0.946 area
Resistance 2: 0.954 - 0.955 area
Consider these structure for pullback/breakout trading.

 

[Dominic Walsh]

Dow Jones Index (#US30): Oversold Market & Pullback
Dow Jones Index reached a key level.
Testing that, the price formed an inverted head & shoulders pattern on an hourly time frame
and broke a resistance line of a falling wedge pattern then.
I expect a pullback now.
Goals: 32950 / 33110

 

[Dominic Walsh]

Crude Oil (#WTI): Bearish Outlook Explained
Crude Oil is coiling on a key horizontal resistance.
The price formed a double top pattern, testing that
and broke its neckline then.
We may see a retracement from the underlined blue zone.
Goals: 76.9 / 76.36

 

[Dominic Walsh]

#EURCAD: Important Breakout
EURCAD broke and closed above a major horizontal supply cluster with a high momentum bullish candle yesterday.
1.441 - 1.446 is now turned into a demand zone.
I will expect a bullish wave from that area to 1.455 / 1.46 levels.

 

[Dominic Walsh]

#CADCHF: Bearish Move From Key Level
It looks like CADCHF may drop.
The price reached a solid horizontal resistance and formed a tiny double top pattern on an hourly time frame. Now we see a strong bearish pressure.
I expect a bearish continuation to 0.6913 / 0.6905

 

[Dominic Walsh]

#GBPCAD: Your Trading Plan For Today
GBPCAD is coiling on a key level.
I see a horizontal trading range on 1H time frame.
1.6263 - 1.6274 is its neckline.
Wait for its bullish breakout (hourly candle close above).
It will be your confirmation to buy.
Open long aggressively or on a retest then.
Goals will be 1.6307 / 1.633
If the price sets a new lower low, the setup will become invalid.

 

[Dominic Walsh]

#NZDCAD: Bullish Outlook Explained
NZDCAD is taking off from a key horizontal support.
The price formed a double bottom on that and broke its neckline then.
I expect a bullish continuation to 0.851 / 0.854

 

[Dominic Walsh]

Gold (#XAUUSD): Key Levels to Watch This Week
Here is my latest structure analysis for Gold.
Support 1: 1843 - 1853 area
Support 2: 1804 - 1811 area
Resistance 1: 1875 - 1904 area
Resistance 2: 1950 - 1959 area
Consider these structures for pullback/breakout trading next week.
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