My personal FX pairs and XAUUSD analysis

EURUSD set a new higher high higher close on a daily time frame again.
The price has successfully violated the 1.091 - 1.093 horizontal resistance.

Now the price retraced.
I will expect the next bullish wave from a confluence zone based on the underlined horizontal structure
and a major rising trend line.

My Goals: 1.103 / 1.11


GBPUSD was consolidating on a key level within a horizontal trading range for some time.
Yesterday, its support was finally broken with a high momentum bearish candle.

I expect a further bearish continuation.
Goals: 1.213 / 1.202


EURCHF reached a key supply area.
The price was coiling for some time on that forming a horizontal trading range.
Its support has been just broken.

I believe that it will push the pair lower.
Goals: 0.9948 / 0.9926


EURGBP formed a huge ascending triangle on a daily time frame.
The price was nicely respecting its horizontal neckline for some time.
It was finally broken yesterday with a strong bullish candle.

Now, the broken neckline of a triangle and its trend line compose a contacting demand area.
I suggest waiting for an occasional retest of that area, expecting a bullish continuation.

Goals: 0.9 / 0.95

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USDCHF reached a key daily structure resistance.
The pair looks too overbought now.
The price formed a double top pattern with a lower high on 1H time frame
and broke its neckline.

I expect a pullback to 0.92 / 0.917


NZDJPY is trading within a wide horizontal trading range on a daily.
The price was stuck on its upper boundary for 2 weeks.
A double top pattern was formed.

The price has successfully violated its horizontal neckline last week.
I believe that the pair may go lower.

Goals: 82.4 / 81.6


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

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I spotted a great example of a bullish reversal on :green_circle:USDJPY.
The pair formed a double bottom formation on a daily time frame
and broke a resistance line of a falling parallel channel.

The underlined blue area is a buy zone based on a broken neckline and a trend line.

The pair will most likely keep growing to 134.4 / 137.63 levels.


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


CHFJPY has recently broken a key daily supply area.
The broken structure turned into a demand zone.

Approaching that, the price formed a double bottom formation and broke its neckline then.
I opened a long position early in the morning on a retest.

Now a bullish continuation is expected to 142.7 / 143.05


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


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


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


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.


Gold (#XAUUSD): That Was a Breakout :yellow_circle:

So it turned out that :small_red_triangle_down: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


#AUDCAD: Bearish Outlook Explained

:small_red_triangle_down: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


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


Gold (#XAUUSD): Bearish Outlook For This Week Explained

An important thing happened on :small_red_triangle_down:Gold this week.

After a strong bearish movement, the price reached a major rising trend line.

The price was coiling on that since Monday.

On Thursday, it was broken, though.

The price closed below that, forming a bearish engulfing candle.

I believe that the market may keep falling next week.

Next support on focus is 1817 - 1833 area.


#GBPNZD: Bearish Move From Key Level

:small_red_triangle_down:GBPNZD reached an important supply cluster last week.

The price formed a double top pattern on an hourly time frame approaching that.

I expect a bearish continuation to 1.903


USDCAD is trading within a wide horizontal trading range on a daily.
Approaching its resistance, the price formed a double-top pattern.
Its neckline was broken on Friday.

I expect a bearish move to 1.328 now.