Search
  • Vasily Trader

MarketBreakdown | EURUSD, USDJPY, GOLD (XAUUSD), EURAUD



Hey traders,


A lot of forex majors are standing on key pivot points right now.

Here are some of them that I am monitoring at the moment.


1️⃣ EURUSD - Daily time frame 🇪🇺🇺🇸


1.185 was the previous structure low and a local strong key level.

Even though the price attempted to violate that last week,

with a strong rejection, a daily candle closed above the underlined level.


While the structure looks respected, local bullish bias remains.


To confirm a coming bearish wave, now I need a daily candle close below 1.18


2️⃣ USDJPY - Daily time frame 🇺🇸🇯🇵


The pair is trading in a bullish trend .

Higher highs and higher lows are respecting the boundaries of a rising channel .


Last week the market has violated and closed above a previous year's high.

Now we see a retracement.


I am waiting for a test of a support of a channel as the point to buy from.

I will wait for an intraday confirmation as an entry reason.


3️⃣ EURAUD - 3 days time frame 🇪🇺🇦🇺


The price is approaching an important confluence zone.

1.562 - 1.569 is a key historical area.


For now, I am looking for buying opportunities from there being bullish biased.

With an intraday confirmation, I will buy.


Being bearish biased, wait for its bearish breakout (at least daily candle close below),

it will be a strong bearish signal.


4️⃣ GOLD ( XAUUSD ) - Daily time frame 🥇


On intraday time frame the market looks very bullish .

The price has successfully broke above an intraday structure resistance .


The last resort for sellers is 1810 level.

The price might retrace slightly from that, but something tells me

that in a mid-term more growth is coming!


Next major resistance to watch is 1843 - 1857

2 views