My personal FX pairs and XAUUSD analysis


GOLD (#XAUUSD): Detailed Structure Analysis :1st_place_medal:

Here is my detailed structure analysis for :warning: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.


:small_red_triangle_down: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


#GBPNZD: Classic Bullish Setup Explained :uk::new_zealand:

:green_circle: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


#EURUSD: Important Breakout :eu::us:

Bulls push :green_circle:EURUSD heavily after yesterday’s Interest Rate Decision and FOMC.

The price has successfully broken and closed above a solid horizontal supply cluster.

The next solid resistance that I see is 1.099 - 1.103 area.

Probabilities will be high that it is the next goal for buyers.

For those, who missed entries, I strictly recommend waiting for a pullback first.

I will post an update later on.

For Additional confirmation use: Xmaster Formula MT4 Indicator


#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


Nasdaq-100 Index (#US100) Waiting For Breakout

:warning:Nasdaq Index is stuck between 2 solid structures.
Depending on the reaction to the underlined areas, I see 2 potential scenarios.

1 - Bullish
If the price breaks and closes above 12700 - 12900 supply cluster on a daily,
I will expect a bullish movement at least to 13130

2 - Bearish
If the price drops and closes below 12300 - 12500 demand area on a daily,
I will expect a selloff to 11900

Wait for a breakout, it will show us the future direction of the market.
For Additional confirmation use: Breakout Indicator


#CHFJPY: Classic Bearish Setup :switzerland::jp:

:small_red_triangle_down:CHFJPY has nicely respected a confluence zone based on a horizontal 4H resistance and a 0.5 retracement of the last bearish impulse.

The price formed a double top pattern on that and broke its neckline.

Probabilities will be high that the pair will drop lower soon.

Goals: 141.172 / 140.363


Market Breakdown | WTI Oil, EURUSD, GBPNZD, EURAUD

Here are the updates & outlook for multiple instruments in my watchlist.

:one: WTI Oil daily time frame
The market is trading in a long term bearish trend .
After the last sharp bearish movement, the market is steadily recovering.

Ahead, I see a major horizontal supply area.
Probabilities are high, that the next bearish wave will initiate from there.

:two: EURUSD daily time frame
After a breakout of a solid daily resistance, the market is preparing for its retest.
Watch carefully the underlined zone and look for buying opportunities from there.

:three: EURAUD weekly time frame
The pair is currently approaching a weekly horizontal resistance cluster.
Taking into consideration, that the pair is quite overbought, probabilities will be high to see a pullback from that

:four: GBPNZD daily time frame
The pair is currently retesting a broken neckline of an ascending triangle . As we discussed earlier, the trend line of a triangle and its neckline compose a contracting buy zone now.
Chances will be high that the next bullish wave will initiate quite soon.
For Additional confirmation use: Divergence Indicators


Gold (#XAUUSD): 2 Scenarios For This Week Explained

:warning:Gold closed this week, approaching a solid daily resistance.
Depending on the reaction of the price to that structure, I see 2 potential scenarios for next week.

Bullish Scenario
If the price breaks and closes above 2010 resistance on a daily,
a bullish continuation will be expected to 2060 level.

Bearish Scenario
The price may respect the underlined resistance.
1917 - 1940 is the closest strong support.
If the price drops and closes below that area,
a bearish continuation will be expected to 1891.

Wait for a breakout and then follow the market.
For Additional confirmation use: ROC Indicator


#USDJPY: Key Levels to Watch This Week

Here is my latest structure analysis for USDJPY.

Resistance 1: 132.46 - 133.25 area
Resistance 2: 135.0 - 135.8 area
Resistance 3: 137.36 - 137.9 area

Support 1: 129.64 - 130.7 area
Support 2: 128.09 - 128.7 area
Support 3: 127.2 - 127.8 area

Consider these structures for pullback/breakout trading.


#GBPNZD: Nice Bullish Clues

Update for GBPNZD.
It looks like the price has nicely respected a broken triangle.
The price formed a bullish engulfing candle on a daily.

Bullish bias on a pair remains.
Goal remains unchanged - 1.997


#EURUSD: Peculiar Pattern

I spotted a cup & handle pattern on :warning:EURUSD on 1H time frame.
1.0777 - 1.0783 is its neckline.

If the price breaks and closes above that, I will expect a bullish movement.
Goals will be 1.0843 / 1.0894

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


Natural Gas (#NATGASUSD): How to Buy With Confirmation

Hey traders,

I spotted a classic harmonic ABCD pattern on Natural Gas.
The completion point of the pattern matches perfectly with a horizontal key level.

Analyzing intraday time frames, I also spotted a falling wedge pattern on 12H.

To buy with a confirmation, wait for a bullish breakout of the resistance of the wedge.
Its violation may initiate a bullish movement.

The goals will be 2.43 / 2.58
Learn more about - chart patterns


#EURCAD: One More Bullish Move Ahead

EURCAD is taking off from a solid horizontal structure support.
The price formed a bullish engulfing candle on a 4H time frame,
engulfing the range of the last 4 candles.

Chances will be high to see a movement up.
Goals: 1.485 / 1.4914


Dollar Index (#DXY): Key Levels to Watch This Week

Here is my latest structure for Dollar Index.

Resistance 1: 103.11 - 103.63 area
Resistance 2: 104.74 - 105.1 area
Resistance 3: 105.667 - 105.88 area

Support 1: 100.82 - 100.88 area

Consider these structures for pullback/breakout trading.
For Additional confirmation use: Swing Trading Indicators


#USDCAD: Important Breakout

USDCAD broke and closed below a solid horizontal demand cluster on a daily.

The broken structure turned into resistance now.

Probabilities will be high to see a bearish move from that.

Goals will be 1.356 / 1.346

For Additional confirmation use: the best mt4 indicators


#EURJPY: Detailed Structure Analysis

Here are my latest structure analysis for :warning:EURJPY.

Support 1: 138.80 - 139.25 area
Support 2: 137.38 - 138.18 area

Resistance 1: 143.19 - 143.6 area
Resistance 2: 145.00 - 145.58 area
Resistance 3: 146.40 - 146.7 area

Consider these structures for pullback/breakout trading.


Dollar Index (#DXY): Key Levels to Watch This Week

Here is my latest structure for Dollar Index.

Resistance 1: 103.11 - 103.63 area
Resistance 2: 104.74 - 105.1 area
Resistance 3: 105.667 - 105.88 area

Support 1: 100.82 - 100.88 area

Consider these structures for pullback/breakout trading.


#USDCAD: Important Breakout

USDCAD broke and closed below a solid horizontal demand cluster on a daily.
The broken structure turned into resistance now.

Probabilities will be high to see a bearish move from that.
The goals will be 1.356 / 1.346
For Additional confirmation use: the SAR Parabolic Indicator


#EURJPY: Detailed Structure Analysis

Here are my latest structure analysis for :warning:EURJPY.

Support 1: 138.80 - 139.25 area
Support 2: 137.38 - 138.18 area

Resistance 1: 143.19 - 143.6 area
Resistance 2: 145.00 - 145.58 area
Resistance 3: 146.40 - 146.7 area

Consider these structures for pullback/breakout trading.