Slobodan Drvenica 343 posts 0 comments

The pair bounces on Monday, following several failures to break below thin daily cloud (bears were contained by 200SMA, currently at 14.24) that signal possible reversal after bears were trapped just below daily cloud. Reversal of daily…
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Spot gold is holding above $1400 mark on Monday, trading at the levels last visited in nearly six years. Rising tensions between the US and Iran increased safe-haven demand, with gold price being also strongly supported by signals of Fed…
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WTI oil remains in green for the fifth straight day and extends recovery to three-week high on Monday. Rising tensions between the US and Iran and new sanctions Tehran that Washington is about to announce, keep oil prices supported.…
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The Australian dollar extends advance on Monday after Friday’s long-legged Doji and cracked pivotal Fibo barrier at 0.6949 (61.8% of 0.7022/0.6831). Fresh bullish extension hit two-week high at 0.6961, boosted by dovish tone from Fed,…
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The Euro cracked strong Fibo barrier at 1.1393 (61.8% of 1.1569/1.1107) on Monday, in extension of past three days 1.6% advance, which resulted in break and close above falling 200SMA (1.1350) on Friday. Strong bullish momentum remains…
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Cable eased from new one-month high at 1.2766 in early European trading on Monday after bulls faced strong headwinds from key barrier at 1.2763 (Fibo 38.2% of 1.3179/1.2505 / 7 June high). Strong four-day advance from 1.2505 low is taking…
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The pair opened with gap-lower on Monday and extended weakness to the lowest level in 1 ½ month in early European session trading. The dollar continues to weaken on Fed’s signal of interest rate cut, while lira was boosted by renewed…
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The pair rebounds from new multi-month low at 107.04 on Friday as traders take profits from post-Fed two-day 1.1% fall. Oversold daily studies support the action which eyes barriers at 107.81/98 (former low of 5 June / falling 5SMA),…
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The Australian dollar pulls back in European trading on Friday after repeated failure to clearly break above daily Kijun-sen / 50% retracement of 0.7022/0.6831 (0.6927) as Thursday’s action closed below despite spike to 0.6935. Today’s…
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The Euro probed again above 1.1300 barrier, boosted by better than expected French / German PMI data which showed that EU business growth picked up in June. The single currency remains firm despite signals from the ECB about further policy…
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