Kestutis Balciunas
Kestutis Balciunas
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I am a highly regarded trader, author & coach with over 16 years of experience trading financial markets. Today I am recognized by many as forex trading strategies and indicators developer. I also work with automated trading with top-accuracy Forex Robots and Expert Advisors. After starting blogging in 2014, I became one of the world's most widely followed forex trading coaches, with a monthly readership of more than 40,000 traders.

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Main blog: https://forexobroker.com/
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Kestutis Balciunas
#GBPNZD: Nice Bullish Clues Update for 🟢GBPNZD. It looks like the price has nicely respected a broken triangle. The price formed a bullish engulfing candle on a daily. Bullish bias on a pair remains. Goal remains unchanged - 1.997 Contact information: Profile: https://www.mql5...
Kestutis Balciunas
#USDJPY: Key Levels to Watch This Week Here is my latest structure analysis for 🟢USDJPY. Resistance 1: 132.46 - 133.25 area Resistance 2: 135.0 - 135.8 area Resistance 3: 137.36 - 137.9 area Support 1: 129.64 - 130.7 area Support 2: 128.09 - 128.7 area Support 3: 127.2 - 127...
Kestutis Balciunas
Gold (#XAUUSD): 2 Scenarios For This Week Explained 🟡 ⚠️Gold closed this week, approaching a solid daily resistance. Depending on the reaction of the price to that structure, I see 2 potential scenarios for next week...
Kestutis Balciunas
Market Breakdown | WTI Oil, EURUSD, GBPNZD, EURAUD Here are the updates & outlook for multiple instruments in my watchlist. 1. WTI Oil daily time frame🛢️ The market is trading in a long term bearish trend. After the last sharp bearish movement, the market is steadily recovering...
Kestutis Balciunas
#CHFJPY: Classic Bearish Setup 🔻CHFJPY has nicely respected a confluence zone based on a horizontal 4H resistance and a 0.5 retracement of the last bearish impulse. The price formed a double top pattern on that and broke its neckline. Probabilities will be high that the pair will drop lower soon...
Kestutis Balciunas
Nasdaq-100 Index (#US100) Waiting For Breakout ⚠️Nasdaq Index is stuck between 2 solid structures. Depending on the reaction to the underlined areas, I see 2 potential scenarios...
Kestutis Balciunas
Benefits of the Fire Rider Indicator Entry signal no repaint When signal arrow place on chart that never repainting or disappear...
Kestutis Balciunas

#EURUSD: Important Breakout

23 March 2023, 11:41
#EURUSD: Important Breakout Bulls push EURUSD heavily after yesterday's Interest Rate Decision and FOMC. The price has successfully broken and closed above a solid horizontal supply cluster. The next solid resistance that I see is 1.099 - 1.103 area...
Kestutis Balciunas
GBPCAD reached a major horizontal resistance. The price has nicely reacted to that, forming a bearish engulfing candle on 4H time frame. I expect a retracement from the underlined structure. Goals: 1.68 / 1.677 Contact information: Profile: https://www.mql5...
Kestutis Balciunas
Kestutis Balciunas
#GBPCAD: Pullback From Key Level

🔻GBPCAD reached a major horizontal resistance.
The price has nicely reacted to that, forming a bearish engulfing candle on 4H time frame.

I expect a retracement from the underlined structure.
Goals: 1.68 / 1.677
Kestutis Balciunas
Kestutis Balciunas
#EURUSD: Important Breakout 🇪🇺🇺🇸

Bulls push 🟢EURUSD heavily after yesterday's Interest Rate Decision and FOMC.
The price has successfully broken and closed above a solid horizontal supply cluster.

The next solid resistance that I see is 1.099 - 1.103 area.
Probabilities will be high that it is the next goal for buyers.

For those, who missed entries, I strictly recommend waiting for a pullback first.
I will post an update later on.
Kestutis Balciunas
Kestutis Balciunas
#GBPNZD: Classic Bullish Setup Explained 🇬🇧🇳🇿

🟢GBPNZD formed a huge ascending triangle formation on a daily time frame.
Its neckline was broken yesterday.

Probabilities are high that the price will grow now.
Goal - 1.998
Kestutis Balciunas
Kestutis Balciunas
🔻AUDNZD reached a solid horizontal structure resistance.
The price formed a doji candle on 4h and a double top pattern on 1H time frame.
The neckline of the double top has just been broken.

I expect a retracement to 1.0767 / 1.0744
Kestutis Balciunas
Kestutis Balciunas
GOLD (#XAUUSD): Detailed Structure Analysis 🥇

Here is my detailed structure analysis for ⚠️Gold.

Resistance 1: 1998.0 - 2010.0 area
Resistance 2: 2050.0 - 2070.0 area

Support 1: 1949.0 - 1960.0 area
Support 2: 1875.0 - 1904.0 area
Support 3: 1854.0 - 1859.0 area
Support 4: 1804.0 - 1813.0 area

Consider these structures for pullback / breakout trading.
Kestutis Balciunas
Kestutis Balciunas
🟢GBPCHF broke and closed above a major falling trend line on a daily.
The broken trend line turned into a key vertical support now.
Probabilities will be high, that a bullish movement will initiate from that.

Next goals for buyers: 1.1423 / 1.151
Kestutis Balciunas
Kestutis Balciunas
Dow Jones Index (#US30): Key Levels to Watch This Week

Here is my latest structure analysis and key levels to watch this week on ⚠️Dow Jones.

Support 1: 31420 - 31830 area
Support 2: 30690 - 30900 area
Support 3: 30070 - 30360 area

Resistance 1: 32250 - 32610 area
Resistance 2: 33430 - 33660 area

The market is currently stuck between Support 1 & Support 2.
The market participants are awaiting the interest rate decision on Wednesday.
It will most likely clarify the future direction of the market with a breakout.

Consider the underlined structures for pullback/breakout trading.
Kestutis Balciunas
Kestutis Balciunas
#NZDUSD: Classic Top-Down Setup


🔻NZDUSD is approaching a solid horizontal daily resistance.
We see a strong bearish reaction from that:
the price formed a rising wedge pattern and a head and shoulders pattern,
the support of the wedge and the neckline of h&s were successfully broken.

I believe that the pair may drop.
Goals: 0.6237 / 0.622
Kestutis Balciunas
Kestutis Balciunas
#EURCAD: Time to Grow!
Update for my Friday's post on 🟢EURCAD.
The price has perfectly respected a horizontal key level on a daily:
after a formation of a double bottom pattern on 4H, its neckline was successfully broken.

Now, a bullish continuation is expected.
Targets: 1.469 / 1.4735
Kestutis Balciunas
Kestutis Balciunas
Gold (#XAUUSD): Your Trading Plan For This Week 🟡

⚠️Gold is unstoppable.
The market closed, forming a high momentum bullish candle on a daily.
The price is currently approaching a solid resistance cluster.

To catch a bullish continuation, watch 1977 - 2000 area.
If the price breaks and closes above that, probabilities will be high,
that the market will go much higher.

Next goal for buyers will be 2050.
Kestutis Balciunas
Kestutis Balciunas
Bitcoin (#BTCUSD) has just broken a new yearly high!🔥

Bulls are pushing 🟢Bitcoin again.
The price have updated a new high and currently approaching 27000 level.

From a technical perspective, we see a breakout attempt of a major weekly resistance cluster.
The weekly candle closes in 2 days. Closing above the underlined area, Bitcoin will open a potential
for a further bullish continuation.