My personal FX pairs and XAUUSD analysis

[DominicWalsh]

#USDCAD: Your Trading Plan For Today

USDCAD is consolidating on a key level.
We see a narrow horizontal range on 1H time frame.

To buy the pair with a confirmation, watch 1.369 - 1.37 horizontal resistance.
If the price breaks and closes above that on 1H, the probability will be high that we will see
a pullback from the underlined structure.

The goals will be 1.374 / 1.378
For confirmation use Moving Average Indicator

If the price sets a new lower low, the setup will become invalid.

 

[DominicWalsh]

CRUDE OIL (#WTI) Bearish Setup Explained🛢

On a today's live stream, we discussed WTI Oil.
The price formed a tiny double top pattern on 1H time frame,
approaching a wide supply cluster.
Its neckline was broken.

I expect a bearish continuation to 70.9 now.

 

[DominicWalsh]

#CADCHF: Bearish Move From Key Level

CADCHF is approaching a key daily structure resistance.
The price formed a double top pattern on an hourly time frame
and broke its neckline to the downside then.

I expect the retracement from the underlined zone.
Goals: 0.673 / 0.67

 

[DominicWalsh]

GOLD (#XAUUSD): Key Levels to Watch

Here is my updated structure analysis for Gold.

Support 1: 1875 - 1890 area
Support 2: 1855 - 1858 area
Support 3: 1805 - 1813 area

Resistance 1: 1950 - 1960 area
Resistance 2: 1978 - 1998 area

As I predicted on a live stream, the price nicely bounced from Support 1.
I believe that the market will head towards Resistance 1.

Consider the underlined structures for pullback / breakout trading.

 

[DominicWalsh]

Dow Jones Index (#US30): Waiting For Breakout

Dow Jones Index is very bearish since 7th of March.
Currently, the price is stuck on a solid horizontal support, though.

For now, I am patiently waiting for its breakout.
Daily candle close below that area will confirm the violation.

A bearish wave will be expected then at least to 30900 support.

I will post an update once I spot a confirmed breakout.

 

[DominicWalsh]

#EURCAD: Top-Down Analysis & Trading Plan

EURCAD is approaching a peculiar horizontal demand zone.
The price formed a doji candle, testing that on a daily.

Analyzing a 4H, I spotted a double bottom with a higher low.
1.458 - 1.462 is its neckline.
If the price breaks and closes above that on 4H, I will expect a bullish movement.

Goals will be 1.469 / 1.473.

️If the price sets a new low though, the setup will become invalid
For extra confirmation use german sniper indicator

 

[DominicWalsh]

#CADJPY: Bullish Outlook Explained

CADJPY formed a cute double bottom on a key horizontal support on 4H.
Its neckline was broken during the Asian session.

I believe that the pair will most likely bounce.
Target - 98.3

 

[DominicWalsh]

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.

 

[DominicWalsh]

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.

 

[DominicWalsh]

#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