DennisDims

DennisDims Updated 

The pair formed a double top with bearish divergence. A break below the neckline should open the way to 139.2.

DennisDims Updated 

The price is is building up bearish momentum waiting to break the ascending trendline and drop to 0.81490.

DennisDims Updated 

The eurjpy pair rallied bullishly to test the resistance from my previous analysis. Bulls couldn't break above it and the price rebounded bearishly. The repeated closings below 138.288 and the trendline resistance suggest the downtrend will resume in the coming week. Note: Price has formed a head and shoulder reversal pattern on H1 tf reinforcing the bearish scenario.

DennisDims Updated 

The pair is slowly crawling towards a strong support level at 0.7308 from where we can expect a bullish rebound. We have a good short opportunity this week with targets at the above-mentioned support.

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The pair has struggled to break the resistance level for the past few days and succumbed to bearish pressure today. We can expect a pullback before continuing the drop towards the support levels.

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Gold has risen steadily retracing back to the recently broken support. This resistance level happens to be 61.8 fib level and also the trendline resistance. From my previous analysis, this was my target selling zone and I'll be looking for entries in a lower timeframe. The bearish divergence on technical indicators reinforces my sell bias.

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Price broke the ascending trendline and has retraced back to it. The trendline retest and price rejection on the daily pivot suggest a bearish move towards support level 1.0083. Targets at 1.0121 & 1.0083

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Gold rallied BULLISHLY as predicted in my previous analysis and is approaching the initial target. This week, We'll get a bearish pullback before the price rallies further to the Resistance/broken support level at 1804 from where we can identify sell opportunities. Alternatively, if the price breaks below 1762, we'll get to see 1733 initially.

DennisDims Updated 

Gold made a steep decline dropping to the weekly/monthly support from where it bounced bullishly. The bullish divergence on technical indicators suggests bullish retracement in the coming week. We can expect a small drop on Monday before resuming the bullish retracement.

DennisDims Updated 

Last week price dropped as predicted and formed the inverted h&s pattern. With bullish divergence on technical indicators and the recently formed reversal pattern, I'm expecting the price to gather bullish momentum to clear 31770 and approach 32700.

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Price experienced strong bearish momentum to break the ascending trendline and settle below it. We might see a retest of the broken before the price resumes the drop towards the 132.800 support level.

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The pair has dropped significantly in the past few months and is oversold on the daily and weekly timeframe. In addition to that,the price has closed above the support level twice now and has formed a double bottom pattern with bullish divergence on the daily timeframe. This is a clear indication of a bullish retracement in the coming weeks. Initial targets...

DennisDims Updated 

Price is consolidating on the monthly support. Bullish divergence and the trendline retest suggest a bullish wave is coming.

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Brent has formed an inverted head and shoulder and from the looks of it, we can expect bullish movement towards the resistance zone highlited.

DennisDims Updated 

The price has formed a double top and is currently attempting to break the neckline. We can expect a small retracement on Monday before price resumes the drop to Pivot and support levels.

DennisDims Updated 

Last week EUR pairs experienced strong bearish pressure dropping to respective strong support levels. Eurjpy has played out a double bottom pattern and RSI bullish divergence on the support level suggesting a pullback is about to happen. EURUSD bounced on the support level and printed a rejection candle on the daily timeframe. EURAUD displays similar dynamics...

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EURCAD showed strong price rejection on the 1.3000 support level and rallied bullishly closing above it. A bullish retracement to the recently broken support can be expected in the coming week.

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CADCHF strongly bounced off the weekly resistance zone dropping and closing the week below the pivot. A break below 0.7470 will open the way to 0.7408 support initially. If the price consolidates above 0.75250, we can expect continuation of the bullish retracement to 0.7584 and 0.7646 resistance levels.