My personal FX pairs and XAUUSD analysis

[DominicWalsh]

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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Shouts Gold EA for XAUUSD M1
Kingle EA for FX pairs and XAUUSD
Euro Scalper For EURUSD M1
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Dominic Walsh

 

[DominicWalsh]

EURJPY dropped nicely from a key daily structure resistance.
I think that the pair can go even lower.

I expect a bearish move to 140.14

 

[DominicWalsh]

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

 

[DominicWalsh]

USDCAD reached a key supply zone on 4H.
The price formed a double top on that and broke its neckline at night.

I expect a bearish movement to 1.3349 / 1.3295

 

[DominicWalsh]

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

 

[DominicWalsh]

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

 

[DominicWalsh]

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.

 

[DominicWalsh]

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
Bear Flag Pattern

 

[DominicWalsh]

#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

 

[DominicWalsh]

EURUSD is moving into a correction phase. The price rests against the conditional support at 1.065 and forms a bearish flag. This pattern shows us the potential to revive the fall further.


The price tests the support zone of 1.07116 in a bearish flag format. A breakdown of the support of the local range may lead to liquidating the buying liquidity and activating the momentum for a strong bearish impulse.


However, I expect in the near term an exit of the price from the range downwards, a breakdown of the support of 1.07116, and price movement towards 1.065, and then to 1.0430