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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

GOLD – pullback from new record high runs out of steam ahead of key US data

Slobodan Drvenica Jul 23, 2024
Gold price edges higher in European trading on Monday, after Monday’s Doji candle signaled that pullback from new record high ($2483) might be running out of steam. Pullback was contained by solid supports at $2390 zone (daily Kijun-sen…
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Technical Outlook

USDJPY – bears retest key near-term support

Slobodan Drvenica Jul 23, 2024
USDJPY fell 0.7% in Asia on Tuesday after comments from Japanese official added pressure on the central bank for more rate hikes to further boost strengthening yen. The latest comments further improved yen’s sentiment, though most…
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Technical Outlook

BTCUSD – bulls hold grip but may pause for consolidation before attack at 70K barrier

Slobodan Drvenica Jul 22, 2024
BTCUSD is ranging around Fibo level at 67495 (76.4% of 71929/53142) on Monday, suggesting that strong bullish acceleration in past three days, which hit five-week high, might be losing traction. Stretched daily indicators, with bearish…
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Technical Outlook

AUDUSD – downtrend extends into sixth consecutive day

Slobodan Drvenica Jul 22, 2024
AUDUSD hit three-week low on Monday after recovery attempts overnight were short-lived and bears regained full control. The pair remains in a steep downtrend for the sixth straight day and retraced so far 61.8% of 0.6575/0.6798 rally.…
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Technical Outlook

EURUSD – correction was so far limited but risk of deeper pullback still exists

Slobodan Drvenica Jul 22, 2024
EURUSD edges higher in European trading on Monday as bears are taking a breather after a two-day pullback from a multi-week high (1.0948). Rising 10DMA and Fibo 23.6% of 1.0666/1.0948 (1.0881) contained dips for now, signaling a scenario…
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Technical Outlook

WTI OIL – bears are taking a breather after 4.3% weekly drop

Slobodan Drvenica Jul 22, 2024
WTI oil price is holding within a narrow consolidation in early Monday, following sharp acceleration lower on Friday (down 2.8% for the day) and weekly loss of 4.3% (the biggest weekly drop since the last week of April. Oil closed below…
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Technical Outlook

Gold price pulls back from new record high on profit-taking / stronger dollar

Slobodan Drvenica Jul 19, 2024
Gold price accelerated lower on Friday (down 1.7% so far), weighed by stronger dollar and profit-taking on overbought daily studies. Pullback from new record high ($2483) was anticipated, due to significance of psychological $2500…
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Technical Outlook

AUDUSD is on track for the biggest weekly drop since mid-April

Slobodan Drvenica Jul 19, 2024
Australian dollar continues to trend lower vs its US counterpart for the fifth consecutive day, on track for the biggest weekly loss since the second week of April. Bears have so far retraced 50% of 0.6575/0.6798 upleg and look for daily…
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Technical Outlook

USDJPY – bear-trap underpins but recovery still faces headwinds

Slobodan Drvenica Jul 19, 2024
USDJPY remains constructive on Friday and attempts to further extend Thursday’s strong bounce, with recovery being supported by signals of a double bear-trap, following a false break below pivotal Fibo support at 156.04 and thin daily cloud…
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Technical Outlook

Risk aversion lifts the dollar

Slobodan Drvenica Jul 19, 2024
The dollar index extends recovery into second straight day, with strong bounce from new four-month low (103.31) on Thursday, being fueled by fresh risk aversion on global cyber outage, which hit financial centers, banks, airlines and many…
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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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