DennisDims

DennisDims Updated 

Price has formed a double bottom pattern with bullish divergence suggesting bullish movement. The initial target for bullish retracement is the 32800 resistance zone.

DennisDims

The pair is trading in a triangle and has bounced at the resistance level closing below it. We can expect the pair to drop towards the ascending trendline /support before gathering enough bullish momentum to break above the triangle.

DennisDims

The US Dollar experienced strong bearish momentum last week and the usdchf broke the support and settled below it. We might get a retest of the broken support before resuming the drop. Targets are 0.94700 and 0.93550(trendline support)

DennisDims Updated 

EURUSD finally broke outside the descending channel and holds above it. We can expect bullish continuation if the price maintains stability above 0.9960. The main targets are 1,01225 and 1.01850.

DennisDims Updated 

The usdcad pair rallied to hit the resistance level as initially predicted in my previous posts but couldn't hold above it. This negative closing suggests that the price will make a pullback with the initial target at the pivot point.

DennisDims Updated 

Price has broken above the midterm resistance and closed the week above it. The price stability above the resistance suggests bullish continuation to the next resistance levels at 0.75329 and 0.75825

DennisDims Updated 

EURJPY has broken both trendlines and settled above the pivot point suggesting bullish continuation towards the resistance at 143.200. Main Scenario: If the price mantains stability above the pivot, we can open buy positions with targets at 141.330 and 143.2. Note: Technical indicators display slight bearish divergence on lower timeframe warranting...

DennisDims

Price recently broke above the resistance and has retraced back to it. Look for reversal confirmations on a lower timeframe before opening buy positions.

DennisDims Updated 

EURAUD hit the monthly support once again and bounced bullishly forming a double bottom with bullish divergence(D1). Price also broke out of the trendline and is retracing back to it. We can expect the price to drop to 1.45041 from where we can open long orders. The initial target for buys is the pivot (1.48430).

DennisDims Updated 

USDCAD has maintained stability above the monthly pivot and is now heading to the resistance level. The price might pull back towards 1.29850 before resuming the rise.

DennisDims

Price has experienced strong bullish momentum and is now consolidating on the midterm resistance level. Bearish divergence on H1 TF suggests a pullback is about to happen. We can expect bearish movements toward support level of 137.50/137.35.

DennisDims

Price has bounced from support with bullish divergence on technical indicators. Expect bullish price movements with an initial target of 1.7185

DennisDims Updated 

The pair recently hit the support and bounced as earlier predicted. An inverted head and shoulder has been formed so I'm expecting bullish price movements. The initial target is 0.74600

DennisDims Updated 

The price broke above the resistance and settled above it indicating more gains to come. We can expect a pullback to 1.29565 before achieving more gains toward the next resistance at 1.30560

DennisDims Updated 

Gold bounced off the resistance as predicted in my previous analysis and experienced some sideways movement before dropping. The breakdown of the 1785 level today confirms the downtrend continuation. We can expect a trendline retest before the drop to initial support levels.

DennisDims Updated 

Price is under bullish pressure. A close above 1.2860 today will increase the chances of hitting 1.2988 soon.

DennisDims Updated 

Price formed a double top and is attempting to break the neckline. Should price break below, initial targets are 1.19440 & 1.8866

DennisDims

EURJPY recently broke out of the trendline and retested it. A close above it suggests a bullish move towards 138.88 initially.