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  • Cable holds firm bearish stance ahead of Powell’s speech
  • German industrial production falls sharply in December
  • Completion of bearish pattern on daily chart adds to downside risk
  • Bitcoin remains at the back foot but still lacks clearer direction signals
  • Limited upticks to keep bears in play for fresh attempts lower
  • Dollar advances on fresh expectations for prolonged tightening cycle
  • Aussie remains under increased pressure
  • Bolls hold grip for stronger recovery but more evidence needed to confirm the stance
  • Near term action weighed by rejection under weekly cloud and formation of reversal pattern
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Technical Outlook

Limited upticks to keep bears in play for fresh attempts lower

Slobodan Drvenica Feb 6, 2023
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Technical Outlook

Oil keeps weak tone despite concerns about looming sanctions on Russia

Slobodan Drvenica Feb 2, 2023
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Technical Outlook

Bears faced strong headwinds and contained by daily cloud base

Slobodan Drvenica Jan 31, 2023
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Technical Outlook

Oil probes again through key barrier, underpinned by upbeat US GDP data and demand optimism

Slobodan Drvenica Jan 27, 2023
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Technical Outlook

Strong recovery to pause under falling daily cloud

Slobodan Drvenica Jan 16, 2023
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Technical Outlook

Oil prices rise further on brightening outlook, but traders will carefully watch results from US…

Slobodan Drvenica Jan 12, 2023
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Technical Outlook

Oil price rises on renewed demand optimism but key barriers still hold

Slobodan Drvenica Jan 9, 2023
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Technical Outlook

Renewed China optimism keeps oil price afloat but the downside remains at risk

Slobodan Drvenica Jan 6, 2023
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Technical Outlook

WTI extends sharp fall on growing demand worries

Slobodan Drvenica Jan 4, 2023
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Technical Outlook

Bull-trap and reversal pattern warn of deeper pullback

Slobodan Drvenica Dec 29, 2022
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Older Posts
Breaking News
7h

USDCAD trades sideways between 1.3439 & 1.3356. #forex #USD #CAD

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7h

USDCAD trades sideways between 1.3439 & 1.3356. #forex #USD #CAD

Reply on Twitter 1622874368861736960 Retweet on Twitter 1622874368861736960 Like on Twitter 1622874368861736960 Twitter 1622874368861736960
8h

GER30 trades sideways between 12995 & 12930. #forex #GER30

Reply on Twitter 1622873587416694784 Retweet on Twitter 1622873587416694784 Like on Twitter 1622873587416694784 Twitter 1622873587416694784
8h

EURUSD prints fresh session low at 1.0696. #forex #EUR #USD

Reply on Twitter 1622872652762300418 Retweet on Twitter 1622872652762300418 Like on Twitter 1622872652762300418 Twitter 1622872652762300418
8h

GBPUSD prints fresh session low at 1.1986. #forex #GBP #USD

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Lastest Posts
  • Cable holds firm bearish stance ahead of Powell’s speech
  • German industrial production falls sharply in December
  • Completion of bearish pattern on daily chart adds to downside risk
  • Bitcoin remains at the back foot but still lacks clearer direction signals
  • Limited upticks to keep bears in play for fresh attempts lower

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