DennisDims

DennisDims

Price dropped to the initial target and pulled back to the descending trendline. Bulls have not been able to break above the pivot suggesting the price will drop further towards the support. A break and consolidation above the trendline will change the bias to bullish with initial target at 167.8.

DennisDims

EURAUD experienced strong bearish momentum to achieve targets from my previous analysis and broke the support level dropping even further. A retracement towards the broken support seems highly likely.

DennisDims Updated 

Cadjpy experienced bearish momentum today to break the ascending trendline and settle below it. The price is below the pivot suggesting bearish movement toward the support. Its recommended to open sell orders on pivot retest with initial targets at 101.780

DennisDims

AUDJPY is dropping towards the monthly support. Price is currently consolidating on the weekly support, a break below will drop towards 89.203 before any bullish retracement.

DennisDims

EURUSD is approaching monthly support from where we can expect a bullish bounce and a retracement towards 1.03500 initially. A break above will push the price towards 1.0600.

DennisDims Updated 

The price broke the support and closed the daily candle below it indicating bearish momentum. We can expect a retracement to the broken support (Pivot) before resuming the fall to the monthly support.

DennisDims

Price hit the monthly resistance and bounced bearishly. Expect retracement towards the pivot.

DennisDims

Price has made a double bottom on the daily timeframe. Strong price rejection on support suggests a strong bullish move coming.

DennisDims

NZDUSD made a false breakout and bounced bullishly closing the daily and weekly candle above the support. We can expect bullish momentum with initial targets as depicted on the chart.

DennisDims

Gold has experienced sideways movement in the past few weeks lacking enough bullish momentum to break the 1870 resistance level. The price has slowly crawled towards the trendline support from where it bounced bullishly on Friday. Bullish divergence on technical indicators suggests minimal bearish momentum to break the support and drop further. With NFP coming...

DennisDims

As illustrated on the chart,us30 is forming an inverted head and shoulder suggesting a strong bull trend in the coming weeks.

DennisDims Updated 

Price has made a double top at the monthly resistance with bearish divergence on RSI. We can expect a drop towards the monthly support with the initial target at the pivot highlighted on the chart.

DennisDims

After some consolidation, EURUSD bounced from the support last week and hit the first target from my previous analysis. Price is attempting to break the first target and rise towards target 2. A close above 1.05 today will reinforce the bullish bias.

DennisDims Updated 

Last week gold strongly rejected the support level and closed above the resistance. What we have today could be a retracement giving us an opportunity to open buy orders with the target at 1920(monthly resistance). The bullish setup will be invalid should the price close below 1850 today.

DennisDims Updated 

EURUSD has formed a head and shoulder reversal pattern with rsi displaying bearish divergence. The price has also broken the ascending trendline suggesting a drop is about to happen. If the price consolidates below the resistance level we can open short orders with targets at 1.0547 and 1.0456.

DennisDims Updated 

EURUSD dropped and hit the first target as predicted and is heading towards strong support. Am expecting a bounce on the support level and bullish price movement in the coming weeks. Watch out for reversal confirmation before opening buys.

DennisDims

In the previous week, gold attempted to drop towards the support but could not close below it and ended up forming a reversal pattern. The reversal is not only confirmed by the double bottom, but also the bullish divergence on indicators. Look for buys at the current level (1830) with targets at 1868,1890 and 1920.

DennisDims

From a technical point of view, we can see how Bitcoin has reacted to different Fibonacci levels. Now the price is approaching a strong support level. We might see the price bounce on the support and retest it, thereby forming a double bottom and a weekly reversal candlestick. Price is oversold on the weekly timeframe and I don't think it will break this level...