My personal FX pairs and XAUUSD analysis

As you can see, the currency pair is still on a downward trend and I believe it may come down to test the lows near 1.1920, which is a strong demand zone.

Take a closer look at the market’s history and you’ll see how it previously bounced back from this zone. Now, all you have to do is keep an eye on the market while it’s inside the zone and look for any reversal pattern or bullish confirmation before getting in a buy trade from this strong demand zone.

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#CADCHF: Bearish Move From Key Level

It looks like :small_red_triangle_down:CADCHF may drop.

The price reached a solid horizontal resistance and formed a tiny double top pattern on an hourly time frame. Now we see a strong bearish pressure.

I expect a bearish continuation to 0.6913 / 0.6905

Thanks so much, I was able to take a 235 pip bullish Profit move on this level.

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#GBPCAD: Your Trading Plan For Today

:warning:GBPCAD is coiling on a key level.

I see a horizontal trading range on 1H time frame.

1.6263 - 1.6274 is its neckline.

Wait for its bullish breakout (hourly candle close above).

It will be your confirmation to buy.

Open long aggressively or on a retest then.

Goals will be 1.6307 / 1.633

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

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#NZDCAD: Bullish Outlook Explained

:green_circle:NZDCAD is taking off from a key horizontal support.

The price formed a double bottom on that and broke its neckline then.

I expect a bullish continuation to 0.851 / 0.854

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Gold (#XAUUSD): Key Levels to Watch This Week :yellow_circle:

Here is my latest structure analysis for :warning:Gold.

Support 1: 1843 - 1853 area

Support 2: 1804 - 1811 area

Resistance 1: 1875 - 1904 area

Resistance 2: 1950 - 1959 area

Consider these structures for pullback/breakout trading next week.
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#AUDNZD: Bearish Outlook Explained

:small_red_triangle_down:AUDNZD is testing a wide daily horizontal supply area.

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

and broke its neckline with a high momentum bearish candle.

I expect a retracement to 1.0848 / 1.0828


S&P500 Index (#SPY): Time to Sell

:small_red_triangle_down:S&P500 Index is testing a wide daily horizontal resistance cluster.

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

I believe that the market may drop today to 4032 / 4021 levels.

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BITCOIN (#BTCUSD): Detailed Technical Outlook ₿

:warning:Bitcoin successfully violated a wide horizontal daily demand area.

The broken structure turned into a supply zone.

The market is correcting now.

I spotted a bearish flag pattern on 4H time frame.

Its bearish breakout may initiate the next sell off.

Watch carefully the reaction of the price to its rising support.

Consider shorting after a 4H candle close below with initial target being 22100.


Gold (#XAUUSD): Time For Pullback :yellow_circle:

:green_circle:Gold is approaching a wide horizontal demand cluster on 4H.

Taking into consideration, that the market is trading in a minor bullish trend,

probabilities will be high to see a pullback from the underlined area.

I expect growth to 1855 / 1862

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Crude Oil (#WTI): Bearish Outlook Explained :oil_drum:

:small_red_triangle_down:WTI Crude Oil reached a key daily structure resistance.

The price formed a tiny little double top on that on 1H time frame.

Its neckline has been just broken.

The market will most likely keep retracing.

Goals: 79.9 / 79.6

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

Here is my latest structure analysis for :small_red_triangle_down:US30 Index.

Support 1: 32470 - 32650 area

Support 2: 31700 - 31975 area

Resistance 1: 33475 - 33660 area

Resistance 2: 34300 - 34500 area

Resistance 3: 34820 - 34900 area

Vertical Resistance 1: major rising trend line .

Currently, the market is approaching a confluence zone based on Vertical & Horizontal Resistance 1.

Probabilities will be high to see a pullback from there.

Consider the underlined structures for pullback/breakout trading.


#AUDCAD: Time to Grow

:green_circle:AUDCAD dropped to a key daily structure support.

The price formed a double bottom pattern, testing that on 1H,

its neckline was broken then.

I expect a bullish move to 0.91 / 0.9117


#EURCHF: Your Trading Plan For Today

:warning:EURCHF is currently consolidating.

The pair is trading within a wide intraday trading range.

Currently, the price is approaching its lower boundary.

To buy the pair with a confirmation, watch a double bottom pattern.

0.994 - 0.9943 is its neckline.

Wait for an hourly candle close above that (it will confirm a breakout),

buy aggressively or on a retest then.

Target will be 0.996

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

Also use RSI Indicator for confirmation.


Silver (#XAGUSD): Ahead of Powell’s Speech

:green_circle:Silver looks very oversold.

The price reached a solid horizontal key level and formed an inverted head and shoulders pattern on 1H time frame.

We might see a pullback.

Goals: 20.37 / 20.55


#CADCHF: Important Breakout

:small_red_triangle_down:CADCHF was coiling for more than a month within a wide horizontal trading range on a daily.

Its support was finally broken yesterday.

I believe that the pair will keep falling now.

Next support - 0.679


#USDCHF: Bearish Move From Key Level

USDCHF looks overbought to me,
The price formed a double top pattern approaching a key structure resistance.
Its neckline has been just broken.

Probabilities are high that we will see a correctional movement on the pair.
Goals: 0.935 / 0.931


#CADJPY: Classic Trend-Following Setup

:small_red_triangle_down:CADJPY broke and closed below a support line of a bearish flag pattern.

Taking into consideration, that the pair is trading in a bearish trend,

that violation may trigger a sell off.

I expect a bearish continuation to 97.05 / 96.1


#USDCHF: Detailed Technical Outlook

:warning:USDCHF is currently consolidating.

The price is stuck between 2 horizontal key levels that compose a range.

0.9425 - 0.946 is the resistance of the range.

0.9285 - 0.9306 is the support of the range.

Depending on the reaction of the price to its boundaries,

I see 2 potential scenarios:

:one:If the price breaks and closes above the resistance of the range,

a bullish continuation will be expected at least to 0.9537.

:two:If the price breaks and closes below the support of the range,

a bearish move will be expected to 0.9193 support.

Wait for a breakout, that will clarify the future direction of the market.

Also use Directional Indicator for confirmation!


Binance Coin (#BNBUSD): Very Bearish Outlook! Here is Why:

Have you seen that huge head & shoulders pattern that was formed

on :small_red_triangle_down:Binance Coin on a daily.

After yesterday’s fundamentals, the price successfully violated its neckline and closed below that.

Probabilities are high now, and the market will keep falling.

Goals: 256 / 243