DennisDims

DennisDims

EURCHF experienced bullish pressure to approach the trendline resistance at 0.99600 but could not break above it. The bearish bounce suggests the downtrend could resume with an initial target at 0.99000 support. A break below 0.9900 will open the way to 0.98230. Alternatively, a break above the resistance will extend the bullish retracement towards 1.00202.

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The pair gathered bullish momentum and broke above the trendline resistance and now attempts to retest it. We can open buy orders on trendline retest with an initial target at 1.22100 and finally at 1.22930.

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The pair broke above the trend line suggesting the continuation of the bullish trend. We can expect a retracement towards the support level from where we can open buy positions with an initial target of 164.5 resistance.

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EURUSD rose as predicted and the price closes the week below 1.0370 hinting at a drop in the coming week. Retracement targets are 1.01630 and 1.0100.

DennisDims Updated 

EURUSD has experienced strong bullish momentum and is now approaching the resistance level of 1.01370 from where we can expect a pullback. Possible retracement targets are 0.99430 and 0.98700. Watch for price rejection on trendline resistance before going short.

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The pair managed to break above 0.64800 and attempts to close above it, suggesting another bullish move before pullback. We can expect bullish continuation towards resistance level 0.66100.

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EurAud has been on a steady bull run and now takes a breather thus experiencing sideways trading. We can expect a drop towards the trendline .

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EURUSD gathered momentum and rallied bullishly hitting my initial targets before pulling back. Price is now in a corrective phase before resuming the bull trend. Watch out for reversal confirmation on the highlighted support level.

DennisDims Updated 

The pair broke above the resistance and has retraced back to it. This being the monthly pivot we can expect bullish price movement towards the resistance 1.37263.

DennisDims Updated 

The price gathered bullish momentum and finally broke out of the descending channel. We can expect bullish price movement towards the resistance 3835.

DennisDims Updated 

Price has formed an inverted head and shoulder suggesting a bullish trend. We can expect price to gather bullish momentum to rise towards the 3945 resistance level.

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USDCAD experienced bearish pressure to break the trendline and hit 1.36070. Price has retraced back to the trendline/pivot and faced some rejection suggesting continuation of the bearish move. Initial target is 1.35180.

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GBPAUD has broken the ascending trendline suggesting continuation of the bearish retracement towards the support. The bearish move is solidified by the double top and bearish divergence on H4 tf.

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Gold has formed a double bottom with bullish divergence. We can expect the price to gather bullish momentum and move towards the resistance level 1700. The bullish bias is valid as long as price holds above 1640.

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EURUSD has completed the retracement right at our entry suggesting a strong bullish move towards the monthly resistance of 1.01202. Long orders with take profit levels as highlighted on the chart.

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EURCAD rises as forecast and hits the initial target bouncing bearishly. We can open expect continuation of the uptrend once the prices completes retracing to the support.

DennisDims Updated 

We have a double bottom with bullish divergence. Initial target is 0.72670 resistance level.

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In the previous week the pair formed a double bottom pattern and bounced bullishly off the support. The double bottom coupled with bullish divergence on technical indicators suggests an uptrend in the coming weeks. Expect a pullback towards weekly support on market opening ,from where we can open buy orders.