EUR/GBP Morning Star Pattern Should Push the Price Up

Dear Traders,

The EUR/GBP has made a morning star pattern straight off W L3 camarilla pivot support. The price is retracing.

There is still a lot headline risk within the GBP basket. Nevertheless, the GBP has been excellent to trade lately and today I am paying attention to the EUR/GBP. We could see the price going for a retest of the POC zone. This could possibly set up new short trades. 0.8780-0.8815 is the area for possible rejections. Targets are 0.8762, 0.8662 and 0.8632 after the POC retest. Below 0.8632 the price will be strongly bearish with a possible retest of 0.8550 zone.

The analysis has been done with the CAMMACD.MTF template.

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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

GBP/USD is in a Strong Bullish Trend Targeting 1.2785 and Above

Dear Traders,

The GBP/USD is strongly bullish and we should see a continuation of the move.

The POC comes within 1.2560-80. As long as the price is supported above it we should see an uptrend. The pair is targeting 1.2690 and 1.2786. If we see a 4h or daily close above 1.2786, there is a possibility for a further target M H5 camarilla/ Wizz 6 confluence at 1.2930. Pay attention to momentum as we might see good volatility due to ATR (5), which is 177 pips.

The analysis has been done with the CAMMACD.MTF template.

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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

XAU/USD Bullish SHS Aiming for W H3/Wizz 3 Confluence

Dear Traders,

The Gold is showing a moderate uptrend. We can see a bullish SHS rejecting the price from M H3 camarilla support.

If the price proceeds with a bullish momentum, we might see a good continuation pattern. 1498-1500 is the POC zone and bounce is expected. The first target is 1520 – W H3 camarilla/ Wizz 3 confluence. A 4h close above and 1537 is next. In addition to bullish SHS we can also see a cup with the handle bullish pattern. For this scenario to remain valid, the price must stay above 1487 – weekly L3 camarilla.

The analysis has been done with the CAMMACD.MTF template.

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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

NZD/USD Bullish Head and Shoulders Should Provide a Breakout to the North

Dear Traders,

The NZD/USD is showing a bullish pattern as we might see a spike to the upside at the close above the trend line.

4h close above 1.6320 with a bullish candlestick will provide a possible move to the upside. We can clearly see a bullish SHS pattern AKA Inverted Head ad Shoulders. A strong 4h close above should target 0.6348, 0.6374 and 0.6385. Only a break below 0.6238 will negate this bullish scenario. However, pay attention to any bullish impulse that should form the bullish candlestick above 0.6320 as the beginning of intraday uptrend that should last during the US and Tokyo session.

The analysis has been done with the CAMMACD.MTF template.

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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

EUR/AUD Still Neutral but Might Be Setting For an Upmove

Dear Traders,

The EUR/AUD is still neutral but it might be setting for a bullish bounce from the POC zone.

1.6200-20 is the POC zone. If the price makes a bounce above 1.6220 the first target is 1.6278. A 4h bullish close above 1.6280 should make a move to the upside targeting 1.6312 followed by 1.6388. The price will face a strong resistance there as there is a lot of confluence – M H4, W H4, Wizz Lvl 3. We might see an interim selling within the zone 1.6380-1.6400. However a bullish close above should target the highest weekly resistance – W H5 at 1.6517.

The analysis has been done with the CAMMACD.MTF template.

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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

AUD/USD Strong Bearish Trend Should Have Another Rejection if POC is Reached

Dear Traders,

The AUD/USD strong bearish move after the RBA cut the rates should continue. As I warned many times, selling on rallies should continue.

0.6750-60 is the POC zone where we should see fresh sellers. I am watching the zone for another short trading opportunity. We can also spot an inner trend line that has been broken. A continuation below should target 0.6716 followed by 0.6697 and 0.6661. Only above 0.6802 the price might turn bullish. Selling the rallies should continue but have in mind that the pair is a bit slow, making only 47 pips daily on average.

The analysis has been done with the CAMMACD.MTF template.

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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

AUD/JPY Bears Are in Control if The Price Stays Below Wizz 0 & Camarilla WH3 Confluence

Dear Traders,

The AUD/JPY has formed a bearish pattern on MTF. We should see a downward move if the price stays below 73.25

The AUD/JPY is supported around 72.50 but the latest RBA move failed to instill bullish impulse in the price. The cut was expected and the RBA cut the rate but the statement was neutral. Technically, the AUD/JPY should reject from 72.80 zone, staying below 73.35. Continuation will happen at the 4h close below 72.50 towards 71.99. Below 71.90, 71.05 is the target.

The analysis has been done with the CAMMACD.MTF template.

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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

GBP/NZD is Bullish as POC Bounce is Imminent

Dear Traders,

The GBP/NZD has formed a bullish Zig Zag with a very clear POC zone. 1.9600-10 is the zone where we might expect a bounce.

A 4h close above WH3 camarilla pivot 1.9632 is needed for a continuation to the upside. If it happens, the interim target will be 1.9663 followed 1.9747 and eventually 1.9827. We can see multiple confluence points straight at the POC including bullish tweezers, Ma cross and BB bounce. As long as the price is kept above 1.9400, bullish trend is not jeopardized.

The analysis has been done with the CAMMACD.MTF template.

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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

USD/JPY Bullish Advance on H4 Time Frame

Dear Traders,

The USD/JPY is showing a strong bounce off the Wizz 0 / W L3 camarilla pivot. Upside continuation is expected as long as 107.00 holds the price above.

107.20 zone is the bouncing spot for the pair. We can also see a possible confirmation of a long trade at 107.68. Continuation should happen towards 107.80, 108.12 and 108.52. Higher TF momentum and trend are a bit bullish. It seems that the fresh leg of uptrend has been forming so I would be very surprised to see the USD/JPY dropping except if some out of the blue news happen and tank the price down.

The analysis has been done with the CAMMACD.MTF template.

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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

WTI Still Neutral Watch for POC Zone

Dear Traders,

The OIL/USD (WTI) has been in a neutral mode with a possibility of continuation up or down off the POC zone.

If the price closes above 57.32 on 4h timeframe we might see a bounce towards 559.05, 59.92 and 61.44. However, a close below 56.86 should give bears additional strength and we could see 55.34 and 52.76. At this point we see that bears are trying to pull the price down, but a full 4h candle close is needed for next direction. Have in mind that volatility is needed for targets to be reached. Without volatility, the price will probably reach the ATR projection for this day so we might need to wait few more days for the move to fully develop.

The analysis has been done with the CAMMACD.MTF template.

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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

NZD/USD Proceeds With Downtrend

Dear Traders,

The NZD/USD is in a strong downtrend. If we see a pullback the POC zone should show fresh sellers and the Kiwi should drop again.

0.6320-50 is the confluence zone. Watch for rejections in the area if the price pulls back. We can see a strong zig zag and very nice downtrend and there is still room for more downside price action. Targets are 0.6279, 0.6225 and 0.6182. Only above 0.6423. we will see a deeper retracement. If we don’t see a retracement to the POC zone watch for a drop below 0.6250 for a continuation down.

The analysis has been done with the CAMMACD.MTF template.

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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

GOLD is Targeting 1525-35 as the First Zone

Dear Traders,

The Gold has been in a steady uptrend. Fresh buyers showed exactly as planned and explained within 1500 zone and we are seeing a momentum push to the upside.

The Gold is targeting 1525-35 zone as the first target. A bounce from the POC zone happened after a sideways consolidation and currently we can see a strong momentum above 1500. If 1535 breaks we should see 1550 and eventually 1565. Only a loss of 1480 could make the pair bearish on H4 timeframe. Watch for a continuation of uptrend as long as the price is above 1480-1500 zone.

The analysis has been done with the CAMMACD.MTF template.

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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

USD/CAD Looking for More Upside Continuation

Dear Traders,

The USD/CAD is looking for more upside bounce if the price stays supported above the  W L3 Pivot.

1.3235-50 is the POC zone. Any bounce above is bullish  with 1.3322 as the first target. However, continuation should happen above 1.3326 zone towards 1.3342 and 1.3363 which is the target for the USD/CAD. A drop below 1.3235 is bearish for the pair and 1.3199 is the target is the drop happens. If 1.3363 is reached we might see some selling as it is a strong resistance.

The analysis has been done with the CAMMACD.MTF template.

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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

USD/JPY Bounce At 107.80 Should Target 108.50

Dear Traders,

The USD/JPY is in uptrend and we could see another bullish impulse. However, the most important event today is the FOMC Press Conference and Rate decision.

The FED is expected to cut the rate by 0.25 % ( 2.25 % to 2.00 %). The move is pretty much expected so the FOMC presser will be more important unless some major surprise happen like for example, no rate cut.

Technically, the USD/JPY is bullish, bouncing from the 107.80 zone and targeting 108.50. If the price makes a breakout and closes above 108.50 then 109.60 is next. Above 109.60 , 110.13 will be the target. Watch for volatility during today’s FOMC press conference and during the late US session.

The analysis has been done with the CAMMACD.MTF template.

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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

EUR/GBP Consolidating just above the Critical Support

Dear Traders,

The EUR/GBP has mad a breakout below the 0.8898 but it is struggling to go below 0.8850. Continuation is possibly only if the price closes below 0.8850.

0.8898-0.8915 is the POC where the price might reject again. However the critical support is 0.8850 and if the pair doesn’t make a bearish close below it we will not see the continuation. Even with the bearish close below, the candlestick is important. It needs to be a nice momentum bearish candlestick with strong body. Targets are 0.8810 and 0.8766. However if the price makes a bounce to 0.8963 then the upside breakout might be possible. Ideally it should stay below the triangle lower TL, clearly rejecting the POC zone.

The analysis has been done with the CAMMACD.MTF template.

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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

EUR/AUD Trend is Still Unscathed

Dear Traders,

The EUR/AUD seems it could proceed with a bearish momentum as the price is trending lower.

1.6105-15 is the POC zone where we could see fresh sellers. Bearish MA cross is suggesting a move down as the price is below Wizz Level 4 – 1.6140. If we see bearish momentum, watch for 1.6050 and possibly a retest of the 1.6000 zone. Final target is 1.5996. However, for this scenario to remain valid, ideally the price should stay below 1.6165. If it goes higher we will see a deeper retracement.

The analysis has been done with the CAMMACD.MTF template.

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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

USD/CAD is Bearish and the Trend Continues

Dear Traders,

The USD/CAD is bearish and we could see another drop after a retracement. The price has formed two POC zones.

1.3220-35 is the first POC zone where we should expect the price to react with a bearish move. The trend on USD/CAD is bearish now and we still need to see fresh sellers joining. POC2 is 1.3260-75 and this is also a rejection zone for the pair. Targets are 1.3139 and 1.3108. Only above 1.3300 we might see a trend change and bullish price action. At this point my trading idea is to sell on rallies.

The analysis has been done with the CAMMACD.MTF template.

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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

NZD/USD Is Forming a Fresh Uptrend

Dear Traders,

The NZD/USD has the chance to form a fresh uptrend on H4 timeframe, but it needs to stay above Wizz and Camarilla confluence levels.

We can see that MH3 camarilla pivot is slightly above W L3 and in a confluence with 0.6406 Wizz level 0. This makes 0.6377-0.6406 a POC zone where the price might bounce from. It is important for the NZD/USD to keep above the zone as the drop below could resume a downtrend. Targets are 0.6461, 0.6495 and 0.6521. A loss of 0.6375 could target 0.6329.

The analysis has been done with the CAMMACD.MTF template.

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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

EUR/USD is Targeting 1.0980-60 on a Break Below 1.1015.

Dear Traders,

The EUR/USD ticked higher on the NFP Friday and Monday despite the solid US Unemployment result.

My opinion is that the US Unemployment data was solid. NFP missed the forecast but nevertheless it is still a good number (130k). Wagers ticked higher and the US is at full employment. Technically, the EUR/USD should stay capped below 1.1083 and target 1.1015. Below, we should see a retest of 1.0960 and 1.0980. Thursday will be the most important day for the EUR as the ECB will be deciding about the rate and will release a monetary policy statement.

The analysis has been done with the CAMMACD.MTF template.

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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

AUD/JPY Could Go Higher on a New Trend

Dear Traders,

The AUD/JPY has a trend change and we could see the W H3 as the first target. However, the scope of a full move is also a bit higher.

72.60-90 is the POC zone where we should the price to bounce if it gets a retracement. It is supported by the bullish order block too (red line). The bullish bounce above the POC zone is targeting 73.80. A close above 73.80 should target M/W H4 Camarilla pivot and Wizz tool confluence between 74.26and 74.60.  72.00 is the strong support now and bulls should be safe as long as the price is above that level.

The analysis has been done with the CAMMACD.MTF template.

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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea