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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
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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

SPOT GOLD – pullback on stronger dollar faces strong support from thick daily cloud top

Slobodan Drvenica Mar 27, 2018
Spot Gold pulled back from new high at $1356 (the highest since 16 Feb) on Tuesday, as fresh strength of the US dollar on hopes that stronger conflict between US and China regarding tariffs could be avoided, pressured yellow metal's price.…
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Technical Outlook

DOLLAR INDEX – base of thick daily cloud marks strong obstacle for fresh recovery rally

Slobodan Drvenica Mar 27, 2018
The dollar rallies on Tuesday, boosted by fading fears about trade war between the US and China. The dollar index accelerated from 88.50 zone where weakness of past three weeks found support and subsequent bounce signals formation of base.…
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Technical Outlook

EURUSD pulls back after repeated failure through upper Bollinger / Fibo barrier

Slobodan Drvenica Mar 27, 2018
The Euro eases from session high at 1.2476 after attempts through 20-d upper Bollinger band and Fibo 76.4% of 1.2555/1.2154 repeatedly failed. Stronger dollar and weaker than expected EU Business Climate data helped fresh bears, but…
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Technical Outlook

Cable – fresh bearish acceleration leaves double-top and shifts immediate focus lower

Slobodan Drvenica Mar 27, 2018
Sterling was sharply lower in mid-European trading and reversed Monday's rally, as report released on Monday signaled easing tensions between US and China as two sides were negotiating to improve US access to Chinese markets, which boosted…
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Technical Outlook

AUDUSD – recovery attempts show signs of stall as falling 10SMA caps

Slobodan Drvenica Mar 27, 2018
The Aussie dollar moved lower after hitting marginally higher recovery high at 0.7757 in early Asian trading, unable to sustain probes above falling 10SMA (currently at 0.7740). The pair returned to negative tone in early Tuesday's…
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Technical Outlook

USDJPY – bullish outside day signals further recovery but falling MA’s continue to weigh

Slobodan Drvenica Mar 27, 2018
The pair ticked higher in extension of strong bounce on Monday and hit session high at 105.75, helped by fresh risk sentiment. Recovery approaches initial barriers at 105.83/87 (falling 10SMA / Fibo 61.8% of 106.64/104.63), with downside…
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Technical Outlook

GBPUSD – bulls may hold in consolidation after repeated failure at new 7-week high at 1.4244

Slobodan Drvenica Mar 27, 2018
Cable eases in early European trading after folding within tight consolidation overnight and retested Monday's seven-week high at 1.4244. The price is so far holding above broken bull-channel upper boundary and keeping immediate focus at…
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Technical Outlook

USDTRY consolidates under new record high; keeps bullish bias

Slobodan Drvenica Mar 27, 2018
The USDTRY pair eased from last Friday's fresh all-time high at 4.0359 but maintains firm tone on Monday after corrective easing found support at 3.95 zone, keeping intact initial support at 3.9458 (rising daily Tenkan-sen). Fresh strength…
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Technical Outlook

EURUSD extends rally on fresh risk sentiment as trade war concerns fade

Slobodan Drvenica Mar 26, 2018
The Euro gained pace and surged through initial barriers at 1.2402/12 (Fibo 61.8% of 1.2555/1.2154 pullback / 14 Mar lower top), as fears about trade war started to fade, bringing risk sentiment back to play. The single currency is in…
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Technical Outlook

COPPER – bears extend and look for test of weekly cloud top

Slobodan Drvenica Mar 26, 2018
Copper remains firmly in red at the beginning of the week and slid to new multi-month low at $2.9370 (the lowest since late Sep 2017) on probes below key support at $2.9425 (05 Dec low).The metal holds in strong bearish mode which resulted…
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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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