#AUDNZD: Bearish Outlook Explained 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 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. MACD Indicator
BITCOIN (#BTCUSD): Detailed Technical Outlook ₿ ⚠️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 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 Best Gold Trading Robot - Scouts Gold V9 Robot
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 Best Scalping Indicators
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