My personal FX pairs and XAUUSD analysis

[Dominic Walsh]

Bitcoin (#BTCUSD) has just broken a new yearly high!

Bulls are pushing Bitcoin again.
The price have updated a new high and currently approaching 27000 level.

From a technical perspective, we see a breakout attempt of a major weekly resistance cluster.
The weekly candle closes in 2 days. Closing above the underlined area, Bitcoin will open a potential
for a further bullish continuation.

 

[Dominic Walsh]

Gold (#XAUUSD): Your Trading Plan For This Week



Gold is unstoppable.

The market closed, forming a high momentum bullish candle on a daily.

The price is currently approaching a solid resistance cluster.



To catch a bullish continuation, watch 1977 - 2000 area.

If the price breaks and closes above that, probabilities will be high,

that the market will go much higher.



Next goal for buyers will be 2050.

 

[Dominic Walsh]

#EURCAD: Time to Grow!
Update for my Friday's post on EURCAD.
The price has perfectly respected a horizontal key level on a daily:
after a formation of a double bottom pattern on 4H, its neckline was successfully broken.
Now, a bullish continuation is expected.
Targets: 1.469 / 1.4735
For additional confirmation use: VWAP MT4 Indicator

 

[Dominic Walsh]

#NZDUSD: Classic Top-Down Setup

NZDUSD is approaching a solid horizontal daily resistance.
We see a strong bearish reaction from that:
the price formed a rising wedge pattern and a head and shoulders pattern,
the support of the wedge and the neckline of h&s were successfully broken.
I believe that the pair may drop.
Goals: 0.6237 / 0.622

 

[Dominic Walsh]

Dow Jones Index (#US30): Key Levels to Watch This Week
Here is my latest structure analysis and key levels to watch this week on Dow Jones.
Support 1: 31420 - 31830 area
Support 2: 30690 - 30900 area
Support 3: 30070 - 30360 area
Resistance 1: 32250 - 32610 area
Resistance 2: 33430 - 33660 area
The market is currently stuck between Support 1 & Support 2.
The market participants are awaiting the interest rate decision on Wednesday.
It will most likely clarify the future direction of the market with a breakout.
Consider the underlined structures for pullback/breakout trading.

 

[Dominic Walsh]

GBPCHF broke and closed above a major falling trend line on a daily.
The broken trend line turned into a key vertical support now.
Probabilities will be high, that a bullish movement will initiate from that.
Next goals for buyers: 1.1423 / 1.151
For Additional confirmation use: Leading Indicators

 

[Dominic Walsh]

GOLD (#XAUUSD): Detailed Structure Analysis
Here is my detailed structure analysis for Gold.
Resistance 1: 1998.0 - 2010.0 area
Resistance 2: 2050.0 - 2070.0 area
Support 1: 1949.0 - 1960.0 area
Support 2: 1875.0 - 1904.0 area
Support 3: 1854.0 - 1859.0 area
Support 4: 1804.0 - 1813.0 area
Consider these structures for pullback / breakout trading.

 

[Dominic Walsh]

AUDNZD reached a solid horizontal structure resistance.
The price formed a doji candle on 4h and a double top pattern on 1H time frame.
The neckline of the double top has just been broken.
I expect a retracement to 1.0767 / 1.0744
For Additional confirmation use: Swing Trading Indicators

 

[Dominic Walsh]

#GBPNZD: Classic Bullish Setup Explained
GBPNZD formed a huge ascending triangle formation on a daily time frame.
Its neckline was broken yesterday.
Probabilities are high that the price will grow now.
Goal - 1.998
For Additional confirmation use: Trend Indicators

 

[Dominic Walsh]

#GBPCAD: Pullback From Key Level

GBPCAD reached a major horizontal resistance.
The price has nicely reacted to that, forming a bearish engulfing candle on 4H time frame.

I expect a retracement from the underlined structure.
Goals: 1.68 / 1.677