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  • BRENT OIL continues to advance on persisting uncertainty in the Middle East
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  • EURUSD – bulls take a breather ahead of fresh advance
  • GOLD rises over 3% on weaker dollar
  • UK inflation jumps to four-month high in July
  • DOLLAR INDEX breaks key supports
  • GOLD – bulls take a breather under new multi-week high ahead of US economic data
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Technical Outlook

BRENT OIL continues to advance on persisting uncertainty in the Middle East

Slobodan Drvenica Aug 21, 2026
Technical Outlook

BTCUSD hits the highest in almost four months following rally of over 20% in past three days

Slobodan Drvenica Aug 21, 2026
Technical Outlook

GBPUSD drops after repeated rejections at daily cloud top

Slobodan Drvenica Feb 28, 2024
Cable dips 0.3% in Asian / early European trading on Wednesday after a multiple failures to clear the top of daily Ichimoku cloud. Long upper shadows on daily candles and narrowing ranges in past few sessions, confirmed significance of…
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Technical Outlook

Bitcoin surges to two-year high

Slobodan Drvenica Feb 27, 2024
Bitcoin extends sharp rise into second consecutive day and hit levels near 57500 for the first time since December 2021 on Tuesday. Two-day rally has registered around 4.5% gains and signaled continuation of larger uptrend, after…
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Technical Outlook

USDJPY – bulls to remain in play while holding above broken Fibo barrier

Slobodan Drvenica Feb 27, 2024
USDJPY eases on Tuesday as traders reacted on overbought daily studies, but dips are likely to be limited and mark a healthy correction of larger uptrend. Technical picture on daily chart remains bullish (strong positive momentum /…
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Technical Outlook

EURUSD – bullish bias above 200DMA, daily cloud twist also to attract bulls

Slobodan Drvenica Feb 27, 2024
The Euro keeps firm tone in early Tuesday and pressuring pivotal barriers at 1.0865/88 zone (Fibo 38.2% of 1.1139/1.0695 fall / 55DMA / Feb 22 spike high). Fresh positive signal on Monday’s close above 200DMA (1.0825) which capped…
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Technical Outlook

Dollar index – near term action in slight bearish alignment ahead of this week’s key…

Slobodan Drvenica Feb 26, 2024
The dollar index edged lower on Monday, in attempts to end two-day congestion and resume the bear-leg from 104.85 (Feb 14 high). Strong downside rejection last Thursday, which left a long-tailed Doji candle and a bear-trap under Fibo 50%…
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Technical Outlook

Bitcoin – bulls are taking a breather for consolidation / limited correction

Slobodan Drvenica Feb 26, 2024
Bitcoin eases on Monday, shifting focus towards the floor of near-term consolidation range (50500) established after larger bulls started to run out of steam and left fresh multi-month peak at 53017 (Feb 20). Early signal of an uptrend’s…
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Technical Outlook

Oil price extends weakness on fading Fed rate cut expectations

Slobodan Drvenica Feb 26, 2024
WTI oil price fell further in early Monday trading, in extension of Friday’s 2.2% drop, as the sentiment soured on signals that higher than expected US inflation may delay Fed rate cuts. Fresh weakness emerged after several upside…
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Technical Outlook

Geopolitical tensions continue to support gold price; markets focus on US inflation data

Slobodan Drvenica Feb 26, 2024
Gold stands at the front foot at the start of the week and holds near two-week high ($2041) posted on Friday. Growing tensions in the Middle East and overall negative geopolitical picture, continue to fuel safe haven demand and boost…
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Technical Outlook

USDJPY – extended consolidation above trendline support to precede push towards key barriers

Slobodan Drvenica Feb 23, 2024
USDJPY edges lower on Friday as traders collect some profits ahead of the weekend but keeps overall bullish structure. The pair is on track for another weekly gain and the second weekly close above 150 level, which will further boost…
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Technical Outlook

GBPUSD – bulls hold grip despite strong upside rejection on Thursday

Slobodan Drvenica Feb 23, 2024
Cable kept firm tone and extended advance on Friday, despite strong upside rejection the previous day which left the daily candle with long upper shadow, indicating that bulls might be running out of steam. Fresh strength probes again…
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Latest Posts
  • BRENT OIL continues to advance on persisting uncertainty in the Middle East
  • BTCUSD hits the highest in almost four months following rally of over 20% in past three days
  • EURUSD – bulls take a breather ahead of fresh advance
  • GOLD rises over 3% on weaker dollar
  • UK inflation jumps to four-month high in July

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