My personal FX pairs and XAUUSD analysis

Dow Jones Index (#US30): Waiting For Breakout

:warning: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.

#EURCAD: Top-Down Analysis & Trading Plan

:warning: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.

:exclamation:If the price sets a new low though, the setup will become invalid

For extra confirmation use german sniper indicator

#CADJPY: Bullish Outlook Explained

:green_circle: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

Bitcoin (#BTCUSD) has just broken a new yearly high!:fire:

Bulls are pushing :green_circle: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.

Gold (#XAUUSD): Your Trading Plan For This Week :yellow_circle:

:warning: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.

#EURCAD: Time to Grow!

Update for my Friday’s post on :green_circle: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

#NZDUSD: Classic Top-Down Setup

:small_red_triangle_down:NZDUSD is approaching a solid horizontal daily resistance.

We see a strong bearish reaction from that:

the price formed a rising wedge pattern and a head and shoulders pattern,

the support of the wedge and the neckline of h&s were successfully broken.

I believe that the pair may drop.

Goals: 0.6237 / 0.622

Dow Jones Index (#US30): Key Levels to Watch This Week

Here is my latest structure analysis and key levels to watch this week on :warning:Dow Jones.

Support 1: 31420 - 31830 area

Support 2: 30690 - 30900 area

Support 3: 30070 - 30360 area

Resistance 1: 32250 - 32610 area

Resistance 2: 33430 - 33660 area

The market is currently stuck between Support 1 & Support 2.

The market participants are awaiting the interest rate decision on Wednesday.

It will most likely clarify the future direction of the market with a breakout.

Consider the underlined structures for pullback/breakout trading.

:green_circle:GBPCHF broke and closed above a major falling trend line on a daily.

The broken trend line turned into a key vertical support now.

Probabilities will be high, that a bullish movement will initiate from that.

Next goals for buyers: 1.1423 / 1.151

For Additional confirmation use: Leading Indicators

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