Analysis – Dominion Markets https://www.dominionmarkets.com/marketanalysis Fri, 05 Jan 2024 01:29:39 +0000 en-CA hourly 1 https://wordpress.org/?v=6.4.2 https://www.dominionmarkets.com/marketanalysis/wp-content/uploads/2021/11/favicon-32x32-1.png Analysis – Dominion Markets https://www.dominionmarkets.com/marketanalysis 32 32 XAUUSD Technical Analysis 05.01.2024 1h chart https://www.dominionmarkets.com/marketanalysis/2024/01/04/xauusd-technical-analysis-05-01-2024-1h-chart/ Fri, 05 Jan 2024 01:29:39 +0000 https://www.dominionmarkets.com/marketanalysis/?p=4347
– Previous Daily candle closed weak Bullish around 2043.500 forming weak Daily Support around 2041.300 as price ranges prior to NFP.
– Buys on close above 2048.500 targeting 30min Resistance around 2055.000, Leaving Runners to the current Monthly open around 2063.000.
– Sells on close below 2039.200 targeting 4h Support formed around 2033.400, Leaving Runners to the 1h Support formed on 19th December 2023 around 2025.400.
– High Impact News ahead of the New York session for the US Dollar, We have Average Hourly Earnings m/m, Non-Farm Employment Change, Unemployment Rate, ISM Services PMI followed by FOMC Member Barkin Speech at the Maryland Bankers Association, High Volatility expected.
]]> GBPJPY Technical Analysis 05.01.2024 1h chart https://www.dominionmarkets.com/marketanalysis/2024/01/04/gbpjpy-technical-analysis-05-01-2024-1h-chart/ Fri, 05 Jan 2024 01:22:59 +0000 https://www.dominionmarkets.com/marketanalysis/?p=4344
– Previous Daily candle closed strong Bullish around 183.360 closing within Daily Resistance formed on 12th December 2023.
– Buys on close above 183.720 targeting previous Monthly Resistance formed on September 2023 around 184.340, Leaving Runners to the previous Daily Support formed on 10th November 2023 around 184.900.
– Sells on close below 182.830 targeting 4h previous Resistance formed on 20th December 2023 around 182.310, Leaving Runners to the 30min Support formed around 181.860.
– There is a probability to see Daily Resistance to be formed on Friday knowing that current Weekly candle is approaching 2 previous Weekly Rejections and previous Monthly Resistance formed in September 2023.
]]> XAUUSD Technical Analysis 04.01.2024 1h chart https://www.dominionmarkets.com/marketanalysis/2024/01/03/xauusd-technical-analysis-04-01-2024-1h-chart/ Thu, 04 Jan 2024 01:07:45 +0000 https://www.dominionmarkets.com/marketanalysis/?p=4340
– Previous Daily candle closed strong Bearish around 2041.300 tapping into the previous Daily Resistance formed on 20th December 2023.
– Buys on close above 2045.800 targeting 4h previous Support formed on 25th December 2023 around 2053.100, Leaving Runners to the next previous 4h Support formed on 2nd December 2023 around 2066.400.
– Sells on close below 2032.300 targeting 1h Support formed around 2025.500, Leaving Runners to the Daily Support formed on 18th December 2023 around 2019.200.
– High Impact News ahead of the New York session for the US Dollar, We have ADP-Non Farm Employment Change followed by Unemployment Claims, High Volatility expected.
]]> GBPJPY Technical Analysis 04.01.2024 1h chart https://www.dominionmarkets.com/marketanalysis/2024/01/03/gbpjpy-technical-analysis-04-01-2024-1h-chart/ Thu, 04 Jan 2024 01:03:50 +0000 https://www.dominionmarkets.com/marketanalysis/?p=4336
– Previous Daily candle closed strong Bullish around 181.450 breaking and closing above recent Daily Resistance, Forming new Daily Support around 179.170.
– Buys on close above 181.750 targeting previous Monthly Support formed in October last year (2023) around 182.330, Leaving Runners to the Daily Resistance formed on 20th December 2023 around 183.080.
– Sells on close below 180.840 targeting 4h previous Resistance formed on 29th December 2023 around 180.400, Leaving Runners to the 30min Support formed around 180.000.
– Despite the Wednesday Daily candle being extremely Bullish, the Push up on price could be the new Monthly candle forming a top wick before breaking the low to continue Bearish.
]]> XAUUSD Technical Analysis 03.01.2024 1h chart https://www.dominionmarkets.com/marketanalysis/2024/01/02/xauusd-technical-analysis-03-01-2024-1h-chart/ Wed, 03 Jan 2024 01:31:09 +0000 https://www.dominionmarkets.com/marketanalysis/?p=4332
– Previous Daily candle closed small Bearish around 2059.100 leaving a huge Rejection to the upside as price tapped into Daily Resistance formed on Thursday 28th December 2023.
– Buys on close above 2066.300 targeting Daily and Weekly Resistance formed on 4th December 2023 around 2072.000, Leaving Runners to the Daily Resistance formed around 2077.500.
– Sells on close below 2053.200 targeting 1h Strong Support formed on 22nd December 2023 around 2047.500, Leaving Runners to the 4h Support formed around 2041.500.
– High Impact News ahead of the New York session for the US Dollar, We have FOMC Member Barkin speech, ISM Manufacturing PMI, JOLTS Job Openings, ISM Manufacturing Prices followed by FOMC Meeting Minutes, High Volatility expected.
]]> GBPJPY Technical Analysis 03.01.2024 1h chart https://www.dominionmarkets.com/marketanalysis/2024/01/02/gbpjpy-technical-analysis-03-01-2024-1h-chart/ Wed, 03 Jan 2024 01:09:24 +0000 https://www.dominionmarkets.com/marketanalysis/?p=4329
– Previous Daily candle closed small Bearish around 179.160 leaving a huge Rejection to the upside around 180.640.
– Buys on close above 179.370 targeting 1h Strong Resistance formed around 179.760, Leaving Runners to the 4h Resistance formed around 180.100.
– Sells on close below 178.730 targeting Daily Support formed around 178.380, Leaving Runners to the Monthly Rejection formed in October last year (2023) around 178.020.
– Overall price has been moving decently on the Hourly timeframe but Daily candles still ranging within Weekly Rejection area formed in October and December last year.
]]> XAUUSD Technical Analysis 02.01.2024 1h chart https://www.dominionmarkets.com/marketanalysis/2024/01/01/xauusd-technical-analysis-02-01-2024-1h-chart/ Tue, 02 Jan 2024 00:03:16 +0000 https://www.dominionmarkets.com/marketanalysis/?p=4326
– Previous Monthly candle closed small Bullish at 2062.900 leaving a huge Rejection to the upside. Last Weekly candle closed weak Bullish leaving a Rejection to the upside and closing below Weekly Resistance formed on 4th December 2023, Friday Daily candle closed weak Bearish as market experienced minimal volume in price action.
– Buys on close above 2068.000 targeting 4h Resistance formed around 2075.000, Leaving Runners to the 30min Resistance formed around 2080.300.
– Sells on close below 2058.800 targeting 4h Support formed around 2053.000, Leaving Runners to the 1h Strong Support formed on 22nd December 2023 around 2047.500.
– Ideally is to allow new range to form new price action and wait for strong confirmations before taking positions.
]]> GBPJPY Technical Analysis 02.01.2024 1h chart https://www.dominionmarkets.com/marketanalysis/2024/01/01/gbpjpy-technical-analysis-02-01-2024-1h-chart/ Mon, 01 Jan 2024 23:59:24 +0000 https://www.dominionmarkets.com/marketanalysis/?p=4321
– Previous Monthly candle closed strong Bearish at 179.460 forming strong Monthly Resistance around 187 level, Last Weekly candle of December 2023 closed small Bearish with a Rejection wick to the upside, Friday Daily candle also closed weak Bearish as market experienced minimal movements in price action.
– Buys on close above 179.870 targeting 4h Strong Resistance formed around 180.440, Leaving Runners to the Weekly previous Strong Support formed on 30th October 2023 around 181.170.
– Sells on close below 179.030 targeting Daily Support formed on 28th July 2023 around 178.380, Leaving Runners to the Monthly Rejection formed in October 2023 around 178.020.
– Ideally is to allow new range to form new price action and wait for strong confirmations before taking positions.
]]> XAUUSD Technical Analysis 29.12.2023 1h chart https://www.dominionmarkets.com/marketanalysis/2023/12/28/xauusd-technical-analysis-29-12-2023-1h-chart/ Thu, 28 Dec 2023 23:33:17 +0000 https://www.dominionmarkets.com/marketanalysis/?p=4317
– Previous Daily candle closed strong Bearish around 2065.300 forming Daily Resistance around 2077.200 as current Weekly candle retraces respecting recent Weekly Resistance formed on 4th December 2023.
– Buys on close above 2069.000 targeting 4h Resistance formed around 2075.000, Leaving Runners to the 30min Resistance formed around 2080.000.
– Sells on close below 2061.500 targeting 1h Support formed around 2056.500, Leaving Runners to the 30min Support formed around 2051.700.
– As we approaching end of the year volume starts to slow down and market becomes volatile so it is extremely important to manage risk and wait for a much stronger confirmation before opening position (s).
]]> GBPJPY Technical Analysis 29.12.2023 1h chart https://www.dominionmarkets.com/marketanalysis/2023/12/28/gbpjpy-technical-analysis-29-12-2023-1h-chart/ Thu, 28 Dec 2023 23:28:57 +0000 https://www.dominionmarkets.com/marketanalysis/?p=4314
– Previous Daily candle closed Bearish around 179.900 below recent Daily Support formed as price break out of the recent Daily Range, forming Daily Resistance around 181.360.
– Buys on close above 180.340 targeting 4h previous Support formed on 26th December 2023 around 180.710, Leaving Runners to the 1h Resistance formed around 181.270.
– Sells on close below 179.630 targeting 30min Support formed around 179.230, Leaving Runners to the 4h Support formed around 178.670.
– As we approaching end of the year volume starts to slow down and market becomes volatile so it is extremely important to manage risk and wait for a much stronger confirmation before opening position (s).
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