Denneex

Denneex

GBPUSD H4. The pair is currently in downtrend. We have seen a pullback to the first resistance level. A break of the resistance next target will be the second resistance level. USDIndex is still in consolidation. Breakout of the USDIndex will determine the direction. From the chart there is head and shoulder formation . Let see how the market will react...

Denneex

EURUSD H4 Analysis. Due to risk off sentiment in the market we have seen a heavy sell off in EURUSD . EURUSD is consolidating at the moment. At the current support there seem to be bullish divergence formed and likelyhood of head and shoulders formation (yet to complete). Break of the trendline will target the nearest resistance. Hence, break above the...

Denneex

USDIndex is Consolidating at the moment after significant bullish movement. Breakout of consolidation (ranging) above will give more room for movement and breakout below signifies weakness in the USDindex. Eyes on the major pairs. Take note of the fundamentals. On the economic calender there is no much high impact news from U.S, but medium impact news. Expect...

Denneex

AUDUSD In Bullish Channel. The pair is in bullish channel, now approaching resistance area. If price test the resistance area and fall below we go short, else, if it breaks above we will see limited movement before falling to retest the area.

Denneex

GBPJPY H2 Price Action Analysis. Support and Resistance marked out. Looking at it carefully you will observe other patterns. Use other tools in conjunction with this simple analysis for confluence. Keep it Simple.

Denneex

USOIL is currently ranging within the levels marked on the chart. It looks like head and shoulder forming. Waiting to see how price will react to these levels before entry.

Denneex

USDJPY is ranging within the box. Waiting for breakout and retest before deciding. Levels marked.

Denneex

GBPJPY forms a rising wedge on the H1 Timeframe. I clearly marked the levels to observe how price will react to it.

Denneex

Last analysis when exactly as expected. That's is the power of price action. We don't need complicated analysis. Keeping it simple. Price is now back to the former supply zone as clearly seen on the chart. Will it break out above or fall? If price break above next target will be 1.22203 area.

Denneex

The pair has broke out of the descending wedge pattern on the D1 TF. Now formed a rising channel on the H4. Sell on confirmation if price bounces off the upper channel line (Upper boundary line) downward and buy if price bounces off from the support line of the channel (lower boundary line).

Denneex

EURGBP H1 Analysis. Analysis based on Price Action. We go long on break above the box after restest or we go short if it breaks below.

Denneex

EURUSD H1 Simple Analysis based on Support and Resistance/Supply and Demand Zones .

Denneex

USDJPY possible movement. Due to the festive periods there will be sideways movement.

Denneex

Dear Traders, this is same EURNZD H1 Chart without the Fibonacci Retracement levels. Comments are welcome.

Denneex

Dear Traders, let keep it simple. check this chart out on EURNZD. Support and Resistance levels and Fibonacci Retracement levels to watch. Both approach seems the same. Pay attention to how price will react to these levels. What's your view? EURNZD

Denneex

Hello Traders, I just observe this pattern on EURGBP H4. There will be possible movement to the downside if the pattern is validated. Study the chart. This analysis is purely on price action. What's your view? EURGBP

Denneex

Intraday analysis on XAU/USD. I want to keep it simple. This analysis is based on support and resistance using high and lows. I will be watching how price will react to these levels before entry. What's your view? I will appreciate every feedback from you. Thanks.

Denneex

As we can see from the chart EURJPY seem to reverse to the up in a rising wedge pattern. Possible break of the rising wedge above 124 will be bullish likewise possible break below 121 will be bearish. The RSI is rising into the overbought zone. AO histogram is still green, and is above the zero line. Break of the zero line signal possible downward movement. Which...