Tag Archives: Nenad Kerkez

EURUSD PRE FOMC Bi-Directional Channel

Nenad Kerkez

As I have already explained in the article and my last EURUSD analysis the EURUSD has been bi-directional without any clear trend except some range bound trading and selling on rallies. Last Session Recap webinar provided a 100 pip+ rejection as we saw the perfect drop from 1.1050 zone. Today we will witness a historical FOMC meeting where we could see the first change of rates since the end of 2008 and the first increase in official rates since mid 2006. more…

EURUSD Has Formed A Bearish Wedge

Nenad Kerkez

The EURUSD has bounced from 1.0600 support and it is slowly grinding to the upside. A slow grind reflects its bearish trend as it is a fine, gradual retracement rather than a wild ,strong rally. The ECB policy board is scheduled for December 3 and we will see if ECB will take additional easing steps (further cut in the deposit rate). As i have been showing on my Session Recap webinars, the EURUSD is bearish and safest trades are short trades on rallies. more…

EURUSD Proceeding With Downtrend

Nenad Kerkez

As I have shown in my previous EURUSD analysis  the EURUSD has clearly rejected from POCs and proceeded in trend direction. Overall, the first target zone has almost been met – 1.0620 and it happened after the break of 1.0670 as I have suggested. We need to think about 2 potential scenarios. The first is CONTINUATION point of view and the second is POSITIONING. more…

AUDUSD Bears Are Patiently Waiting

Nenad Kerkez

The AUDUSD has had a relief rally after the RBA decided to keep the rates at 2 %. The RBA indicated at the start of 2015 that it wanted to achieve 0.75 for the AUDUSD pair; currently it has surpassed this achievement as it is currently at 0.7200. As I have also explained 2 days ago on that basis, I doubt the RBA will cut rates further. Having said that, if commodities continue to weaken further, expect AUDUSD to weaken further under free markets. more…

USDJPY: Range Bound Trading Continues

Nenad Kerkez

As I already stated a couple of times, USDJPY is range bound with a bit more buying into dips. Presumably it is done by institutional traders as we can see from the chart. Scholastic example of double bottom vs V shaped reversal spike the pair up close to 120.00 level. Interim resistance zone lies at 120.00-10 ( channel top + H3 ) and we could see some selling towards 119.40 which is important support. more…