DVNNY

DVNNY Mar 22

Pound strength to persist for a third touch of trendline 1.34405 overall bullish target Intermediate target 1.3255 1:3 R

DVNNY Updated  Jun 17, 2021

The retreat from 1915 area has been one anticipated by traders and financial analysts and price is finally starting to show signs that the pullback is certainly being solidified. Price has formed an important demand level at around 1853.980 - 1844.449 and has further been validated. At the moment of writing, current price action is around these levels and the...

DVNNY Updated  Jun 9, 2021

After a well deserved influx of bullish momentum since mid April, GBPUSD is finally reaching a stalemate especially after tapping the weekly psychological level of 1.42364. This highlights all the essential characteristics of a distribution phase considering that price has been consolidating around around the psychological level for the past 21 Days now. Could...

DVNNY Aug 23, 2020

Wicks wicks wicks paint a clear picture on this pair. Every time lows get wicked into, price revisits these lows and creates new ones. The last significant low created was at 101.215 area which happened earlier and during the COVID pandemic. If my theory holds, then we are talking about lows of 100, 99, 98 being formed in the coming weeks and months. Heavily...

DVNNY Aug 23, 2020

Price has hit a kep supply level on the weekly timeframe and as was expected, bears would step in at this point hence why we can see any bullish pressure being heavily met with selling pressure afterwards. From this level, i see 2 potential scenarios panning out: SCENARIO 1: This involves the supply level holding and price breaking lower. For this to take place,...

DVNNY Aug 23, 2020

GBPAUD has been stuck in a consolidation for most part of August. It should be noted that the ranging market came right after an initial bullish push. This price action tells me that accumulation of more bullish orders is taking place with the overall target being 1.86126. As with all range trades, positions should be taken at the extremes ie Highest...

DVNNY Jan 19, 2020

Last week i favored a bullish AUD but after seeing how price action unfolded and numerous failed attempts to break and sustain a move above 0.69175 in the previos week, I now have reason to believe that the bears are still in control of the market. Stepping back and re-analyzing this pair highlights the confirmation of a downtrend (two touches on the trendline)...

DVNNY Jan 17, 2020

Days upon days of strengthening Swiss Franc have given Dollar bulls no opportunity to take control of the market. I do firmly believe that we are coming to an end of this scenario and are paving way for a strong USD against CHF. From a technical standpoint, an inverse heads and shoulders is forming on the hourly timefarme backed up by the daily hammer/pinbar....

DVNNY Jan 16, 2020

Inverse Heads and shoulders completed and a further break of the neckline(58.55) can now see Oil move up for approximately 123pips and further upwards should the momentum be sustained. Actively looking for buy positions above 58.55. Updates will be made regularly as price action unfolds.

DVNNY Updated  Jan 13, 2020

As seen happening time and time again with EURUSD and many other Euro pairs, they typically kick off their reversal with a fakeout in order to trap early buyers then go on a stop hunt spree to take out all the placed stop losses and finally move in the direction of the breakout. This is a classic example of what is happening with EURUSD at the moment and chances...

DVNNY Updated  Jan 13, 2020

Following a somewhat calm atmosphere concerning US-Iran relations, Gold has seen a decline in price from its very strong initial bullish run. It goes without saying that a pullback is imminent and may even lead to a reversal towards 1526.90 which will serve as the first bearish target. As price stands at the moment, bullish pressure is strongly within the market...

DVNNY Updated  Jan 13, 2020

Evidently forming Lower Highs and Lower Lows, EURAUD is developing early bearish momentum. A rejection of any of the highlighted Fib levels will present great opportunity to take sells and form new Lower Lows with targets being the Fib Extensions at 1.60478 and 1.59966.

DVNNY Updated  Jan 13, 2020

Unless otherwise, bulls should continue taking the pair further up. It is important to note that 0.69203 may offer some resistance for the bulls but other than that, 0.69508 should easily be hit as the desired target

DVNNY Updated  Jan 13, 2020

Having hit a strong daily resistance once again, USDJPY has started rejecting 109.578. Development of any bearish momentum will solidify the bearish bias and further validate the Daily resistance level. Observing how price reacts in and around this area.

DVNNY Updated  Mar 13, 2019

In the past, 1304.66 served as a very solid Support level being retested a couple of times and offered a wave of buying sensitivity whenever price tapped this level. It as however breached at the beginning of the month and holds great potential for being a resistance level. With appropriate confirms on this level, short positions will be opened to take the pair...

DVNNY Mar 9, 2019

I know, i know that at first glance USDJPY is making a bearish leg so the sane thing to do would keep selling until the momentum shifts. Right? well looking at the bigger picture that might not entirely be the case. Paying close attention to the daily timeframe, price has been making a series of Higher Highs and Higher Lows after the flash crash we witnessed...

DVNNY Updated  Mar 7, 2019

Currently in short positions based on the break of the counter trendline. This break was solidified with a retest of the broken line adding to the belief that the pair would continue its decline. Eyeing out 125.854 as my first target area and will watch how price will react to that zone. A break of the area and 125.354 will serve as my second TP area. EUR deposit...

DVNNY Updated  Mar 7, 2019

Breakout traders must have felt the wrath of this pair in the past week. EURUSD has printed fakeouts both to the upside as well as the downside. It is important to note that 1.13499 is still being respected and even tested with the marked ellipses on the chart. As long as we stay below this level, we are very much in bearish territory with additional confirms on...