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My personal FX pairs and XAUUSD analysis

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DominicWalsh

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#CHFJPY: Bullish Continuation Pattern
🟢CHFJPY is trading in a minor bullish trend on a daily.
The price was accumulating for 3 weeks within an ascending triangle formation.
Its resistance was broken on Friday, we see its retest now.
I expect a bullish continuation to 148.3

#76 - March 14, 2023, 03:47:18 PM
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DominicWalsh

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#EURCHF: Trend-Following Setup
🔻EURCHF is approaching a confluence zone based on a horizontal supply area
and 618 retracement of the last bearish impulse.
The price formed a head & shoulders pattern, testing that.
Its neckline was broken then.
I expect a bearish move to 0.9732

#77 - March 14, 2023, 03:57:52 PM
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DominicWalsh

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#EURCAD: Important Breakout! 🇪🇺🇨🇦
🟢EURCAD was consolidating for 3 months on a weekly.
The price was coiling within a horizontal range.
Its upper boundary was broken last week, and a weekly candle closed above that.
Probabilities will be high, that a new bullish wave will initiate soon.
Next resistance - 1.5

#78 - March 14, 2023, 04:04:08 PM
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DominicWalsh

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#USDCAD: Your Trading Plan For Today
⚠️USDCAD is consolidating on a key level.
We see a narrow horizontal range on 1H time frame.
To buy the pair with a confirmation, watch 1.369 - 1.37 horizontal resistance.
If the price breaks and closes above that on 1H, the probability will be high that we will see
a pullback from the underlined structure.
The goals will be 1.374 / 1.378
For confirmation use Moving Average Indicator
If the price sets a new lower low, the setup will become invalid.

#79 - March 15, 2023, 11:09:16 AM
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DominicWalsh

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CRUDE OIL (#WTI) Bearish Setup Explained🛢
On a today's live stream, we discussed 🔻WTI Oil.
The price formed a tiny double top pattern on 1H time frame,
approaching a wide supply cluster.
Its neckline was broken.
I expect a bearish continuation to 70.9 now.

#80 - March 15, 2023, 12:12:27 PM
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DominicWalsh

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#CADCHF: Bearish Move From Key Level

CADCHF is approaching a key daily structure resistance.
The price formed a double top pattern on an hourly time frame
and broke its neckline to the downside then.

I expect the retracement from the underlined zone.
Goals: 0.673 / 0.67
#81 - March 16, 2023, 03:22:22 PM
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DominicWalsh

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GOLD (#XAUUSD): Key Levels to Watch🥇

Here is my updated structure analysis for 🟢Gold.

Support 1: 1875 - 1890 area
Support 2: 1855 - 1858 area
Support 3: 1805 - 1813 area

Resistance 1: 1950 - 1960 area
Resistance 2: 1978 - 1998 area

As I predicted on a live stream, the price nicely bounced from Support 1.
I believe that the market will head towards Resistance 1.

Consider the underlined structures for pullback / breakout trading.
#82 - March 16, 2023, 03:32:08 PM
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DominicWalsh

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Dow Jones Index (#US30): Waiting For Breakout
⚠️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.

#83 - March 16, 2023, 03:36:53 PM
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DominicWalsh

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#EURCAD: Top-Down Analysis & Trading Plan
⚠️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.
❗️If the price sets a new low though, the setup will become invalid
For extra confirmation use german sniper indicator

#84 - March 17, 2023, 10:58:20 AM
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DominicWalsh

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#CADJPY: Bullish Outlook Explained
🟢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

#85 - March 17, 2023, 11:05:09 AM
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DominicWalsh

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

Bulls are pushing 🟢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.
#86 - March 17, 2023, 01:15:17 PM
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DominicWalsh

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

⚠️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.


#87 - March 20, 2023, 12:20:57 PM
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DominicWalsh

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#EURCAD: Time to Grow!
Update for my Friday's post on 🟢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

#88 - March 20, 2023, 12:29:15 PM
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DominicWalsh

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#NZDUSD: Classic Top-Down Setup
🔻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

#89 - March 20, 2023, 12:44:52 PM
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DominicWalsh

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🟢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

#90 - March 21, 2023, 10:07:53 AM
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« Last Edit: March 21, 2023, 12:16:02 PM by Admin »
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