Chart Watch: Gold Major Doji Defines Short-term Trading Range.

The chart watch posts are meant to alert traders for chart patterns, support & resistance and candlestick patterns. Chart watch posts are not trade ideas and do NOT have forecasting value.

At Support or Resistance

AUDCAD Daily Chart: Remains below key short term resistance among 0.9050-0.9075. Watch for bearish resumption or bullish breakout.

AUDCHF Daily Chart: Also hovers below main near term resistance among 0.6660-0.6680.

EURGBP Daily Chart: Stopped at long term resistance and revered towards main near term support area among 0.9100-0.9085.

USDCHF Daily Chart: At near term resistance around 0.9805.

USDJPY Daily Chart: Watch resistance area among 106.76-107.10.

Candlestick Patterns

S&P500 Weekly Chart: Two consecutive hammer candlestick patterns.

NZDJPY Weekly Chart: A long legged doji.

EURNZD Weekly Chart: A shooting star candlestick pattern.

Candlestick Patterns at Support or Resistance

AUDCHF Weekly Chart:. Hammer candlestick pattern at support.

EURGBP Weekly Chart: Bearish engulfing candlestick pattern at resistance.

GOLD Daily Chart: Major long legged doji candlestick pattern at resistance. Note that the high of the doji is a potential resistance and the low is a potential support. Watch a breakout of this range.

Support Breakout

EURCAD Four-hour Chart: Key near term support area breakout.