Slobodan Drvenica 560 posts 0 comments

The Euro fell near 1.10 support in mid-European / early US trading on Friday, following repeated upside rejection at bear-trendline, drawn from 1.1412 (25 June high) and reinforced by falling 30DMA. The US dollar regained traction on…
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Spot gold price rose above $1500 handle on Friday, recovering from $1507/ $1483 dip after Fed rate cut. Widely expected action of the US central bank resulted in rather mild action of the dollar that kept the yellow metal, which usually…
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The pair remains in red in early Friday’s trading and extends weakness on probe through pivotal supports at 107.95/91 (top of thick rising 4-hr cloud / converged 10/100DMA’s. Thursday’s bearish close (the first after 10 consecutive days…
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Cable advanced to new eleven-week high in Asia on Friday, after strong bullish signal was generated on final break and close above strong resistances at 1.2500 zone on Thursday. Fresh wave of optimism on latest comments from European…
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WTI oil price rose on Thursday after traders booked profits from two-day nearly 6% fall. Dip from four-month high at $63.36 found footstep at $57.70, where weekly cloud base and rising 5DMA offered solid support. Oil price surged after…
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Cable regained traction and retested 100DMA barrier, on bounce from session low at 1.2437, posted after BoE rate decision. Sterling keeps bullish bias despite warning tone from the central bank on persisting uncertainty and further…
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The pair stays firmly in red for the second straight day and test levels below 0.68 handle after break below daily cloud base (0.6815) generated fresh bearish signal for extension below 50% retracement of 0.6887/0.6894 recovery leg. The…
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The Euro regained traction and moved higher in European trading on Thursday after being hit by stronger dollar on less dovish than expected Fed on Wednesday. Near-term action remains within choppy and wide-range congestion which is capped…
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Cable holds bullish bias despite multiple failures to clear strong barriers at 1.2500 zone (100DMA / Fibo 38.2% of 1.3381/1.1958 fall) which capped the action in past four days. Daily momentum remains strong and rising MA’s (10/20/30/55)…
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The pair pulls back from new seven-week high at 108.47, hit in post-Fed jump, after Bank of Japan kept policy unchanged but left the door open for possible easing in October. The Fed cut interest rates by 0.25% on Wednesday, in widely…
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