My personal FX pairs and XAUUSD analysis

[DominicWalsh]

#USDJPY: Waiting For a Breakout

USDJPY is testing a solid horizontal daily resistance.
If the price breaks and closes above 134.5 - 135.5 area,
it will push the market much higher.

The next goal for buyers will be 137.6 level.

 

[DominicWalsh]

Gold (#XAUUSD): The Breakout!

So it turned out that Gold dropped again.
After the release of US fundamentals on Friday,
bears started to push.

The price managed to close below a key daily horizontal structure support cluster.
It turned into resistance now.

Probabilities are high, and the market will keep falling next week.
Next support - 1787

 

[DominicWalsh]

Dollar Index (#DXY): Key Levels to Watch

Here is my latest structure analysis for Dollar Index.

Resistance 1: 105.3 - 105.8 area
Resistance 2: 106.8 - 107.2 area
Resistance 3: 107.80 - 108 area

Support 1: 103.6 - 103.95 area
Support 2: 102.25 - 103.2 area

Vertical Support 1: rising trend line

Consider these structures for pullback/breakout trading.

 

[DominicWalsh]

#USDJPY: Bulls May Push Higher

Update for my Friday's post on USDJPY.
The price managed to close above a solid resistance cluster.
It turned into a support now.

The bullish rally will most likely continue.
Next resistance - 137.8

Wait for an occasional retest of a broken structure for safer entries.

 

[dell]

please review XAU USD

 

[DominicWalsh]

Gold (#XAUUSD): Time To Sell

Gold is retesting a recently broken structure.
The price has nicely respected a confluence point based on the underlined resistance and 618 retracement of the last bearish impulse.

As the extra confirmation, the price formed a double top pattern.

I expect a bearish move to 1808 / 1801

 

[DominicWalsh]

#USDCAD: Key Levels to Watch This Week

Here is my latest structure analysis for USDCAD.

Resistance 1: 1.366 - 1.3707 area
Resistance 2: 1.3745 - 1.381 area

Support 1: 1.347 - 1.352 area
Support 2: 1.3225 - 1.329 area

Vertical Support 1: major falling trend line .

Consider these structures for pullback or breakout trading strategy.

 

[DominicWalsh]

#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.

 

[DominicWalsh]

#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
vwap mt4 indicator

 

[DominicWalsh]

#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.