Tag Archives: Nenad Kerkez

AUDJPY Dropping Towards New Lows

Nenad Kerkez

As I have stated many times in the articles and analysis the AUDJPY is heavily correlated with Chinese data. Bad Chinese data and equities drop. AJ drops too. It is called a positive correlation. Last night Caixin PMI printed out 50.2 vs 52.3 estimate. If you want to trade the pair which is correlated to Chinese markets its the AUDJPY. more…

AUDJPY Strong Confluence At X Cross

Nenad Kerkez

The AUDJPY is heavily correlated to ASX200 and Nikkei indices and if you trade this pair pay attention to both indices as well as SP500 as it moves along with ASX200. In my opinion, best correlation with JPY pairs is USDJPY vs Nikkei and AUDJPY vs ASX200. I also advise that you should use correlation table all the time, especially if you trade multiple pairs. more…

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…