Tag Archives: Nenad Kerkez

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…

USDJPY: Bearish Pennant In Progress

Nenad Kerkez

USD has recovered to some extent after bad NFP result mostly by rising of US yields and general USD sentiment. Technically we can spot a huge bearish pennant on H4 chart with a clear range in between. Adding to that we can see that MACD is going sideways and histograms are very small which indicates that the pair is stuck in a range with no momentum. more…

EURGBP Should Proceed Lower

Nenad Kerkez

EURGBP has broken through important trend line and it has made another leg down. The pair I showing bearish movement on H4 timeframe, and there is a possibility of yet another retest of 0.7190 zone. We can see that trend line has been broken effectively becoming an inner trend line which gave the pair additional momentum to the downside. more…

USDCHF Buy Into Dips

Nenad Kerkez

While we are patiently waiting for FOMC meeting we need to know that interest rate differential between US and Switzerland definitely favors the dollar. Having a record unemployment rate at 5.1 % FOMC is a step closer to rate hike and recent Yellen comments suggested that China turmoil had no significant impact on FED’s plans about the hike. more…