My personal FX pairs and XAUUSD analysis

Gold (#XAUUSD): Time For Pullback

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

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 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

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

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

🟢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

🔻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

🔻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

⚠️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:

1️⃣If the price breaks and closes above the resistance of the range,
a bullish continuation will be expected at least to 0.9537.

2️⃣If 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 🔻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

Gold (#XAUUSD): Important Bullish Clue on a Weekly 🟡

🟢Gold has nicely respected a major weekly structure support.
The market formed a bullish engulfing candle after the test of structure,
and then we saw a very nice rejection from that.

It looks like Gold may go higher.
Next resistance 1925.

Remember, that weekly time frame chart unveils a long-term perspective.
So it may take weeks, before the price reaches the target.

#GBPAUD: Time For Pullback 🇬🇧🇦🇺

🔻GBPAUD reached a key daily structure resistance.
The market was nicely rejected from that on 4H first,
then, a bearish engulfing candle was formed.

I expect a retracement from that structure.
Goal - 1.804

S&P500 Index (#SPY) Bearish Outlook Explained

S&P500 reached a solid horizontal key level.
The price formed a tiny double top on that and a doji candle.
Now, bears are pushing.

I expect a fall to 3886 / 3851

#NZDJPY: Pullback From Key Level

🟢NZDJPY formed a cute double bottom pattern on a solid support on 1H time frame.
Its neckline has just been broken.

I expect a pullback to 83.24

#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

#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

#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

#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.

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.