GBP/NZD Still Bullish as the Price is Slow

1.9480 is the breakout point of the bullish pattern where we might expect a continuation move. Yesterday, the market was slower but today we see another attempt for bulls to push the price further up. We can expect a bullish continuation move if the price closes above 1.9526 on a daily basis. The target is 1.9665.

For a look at all of today’s economic events, check out our economic calendar.

Cheers and safe trading,

Nenad

 

GBP/NZD Bulls are Continuing with Uptrend

1.9480 is the breakout point of the bullish pattern where we might expect a continuation move. The intraday target is 1.9523 but we could probably see a swing if the daily candle closes above it. In that case the target will be 1.9660 followed by 1.9770. The GBP/NZD is showing a confluence structure at the bottom and I only see bulls.

For a look at all of today’s economic events, check out our economic calendar.

Cheers and safe trading,

Nenad

 

GBP/JPY Bounce is Expected

We can see that the JPY generally is weakeningThe structure of the GBPJPY is looking more bullish than bearish. Pay attention to a possible bounce. 152.10 is the zone where we could expect it. Targets are 152.35 followed by 152.50 and 152.70. At this point only the break above the trend line is needed to confirm the bullish momentum.

For a look at all of today’s economic events, check out our economic calendar.

Cheers and safe trading,

Nenad

 

Gold is Sell on Rallies

Gold has been the best market to trade in 2021. Simply, all trades have been technically aligned and I personally have made great profits on gold trades which can also be confirmed by myfxbook account. 1800-10 is the sell zone. If bears could make gold go below 1780 then the next target is 1750. At this point it’s just sold at rallies.

For a look at all of today’s economic events, check out our economic calendar.

Cheers and safe trading,

Nenad

 

EUR/GBP Showing Signs of Decline

The EUR is losing vs GBP. The price has made 4 consecutive lower highs and this is the sign of continuation decline. We could see a retest of 0.8580 zone which could be good for positional shorts. Targets are 0.8560 followed by 0.8550 as the main support. If the price breaks 0.8550 watch for 0.8510.

For a look at all of today’s economic events, check out our economic calendar.

Cheers and safe trading,

Nenad

 

Gold Bearish Rejection from the Top

As the price is breaking below the MAs and 78.6 fibonacci we could see a support. If you see the daily chart, you might notice a potential head and shoulders emerging pattern. Watch for a rejection at the blue level 1788. If the market doesn’t hold 1788 then get ready for 1750.

For a look at all of today’s economic events, check out our economic calendar.

Cheers and safe trading,

Nenad

 

AUD/NZD Bearish Domination

As the price is breaking below Q L4 and M L3, we can expect a bearish continuation move. Watch for M L5 and Q L5 as targets 1.0250-1.0200. The main point of this config is that the price has broken through Q L4 which is the 3-month breakout. It is also below M L4 which signifies for a double breakout point to the full TP.

For a look at all of today’s economic events, check out our economic calendar.

Cheers and safe trading,

Nenad

 

EUR/USD Potential Drop as the Price is at Historical Resistance

Historical patterns show good candlestick configuration for taking shorts. Look for rejections around M H3 1860-70. If the price stays bearish we should be seeing a good drop towards 1.1800 and 1.1750. The final target is 1.1700 where the price might be bought. However, as this is a counter trend trade, watch for 1.1800 first.

For a look at all of today’s economic events, check out our economic calendar.

Cheers and safe trading,

Nenad

 

Gold Buying the Dips Continues

I am buying the dips in GOLD. We have established 1780 as a support and we should see 1790 soon. If the price breaks 1795 it will have a strong momentum up. Watch for the break of 1800 for further up towards the green TP zone as shown in the chart. Buying the dips continues as I am bullish today.

For a look at all of today’s economic events, check out our economic calendar.

Cheers and safe trading,

Nenad

 

Silver Should Bounce Soon

We can see a daily confirmation of buyers in the POC zone. If the market makes a bounce in the zone we could see a retest of M L3 and M H3 levels. M L3 is 24.83 and 26.09 could be the target. For bulls to win this swing the price needs to stay above 23.00.

For a look at all of today’s economic events, check out our economic calendar.

Cheers and safe trading,

Nenad

 

Oil Strong Resistance Above

69.09-69.59 is the zone where sellers might be waiting. We can see that a trend line is protecting sellers from further losses as the price might turn bearish. A rejection off the zone should be targeting D L3 68.60 and further levels down 67.84 and 66.48. Look for selling into rallies.

For a look at all of today’s economic events, check out our economic calendar.

Cheers and safe trading,

Nenad

 

AUD/JPY Has Established a Strong Support

79.90-80.60 is the zone where we should be seeing a bounce. Q L5 pivot also protects the bulls. Bullish bounce towards 81.70 is very possible. A close above it will make the price more bullish towards 82.90 and 84.90 as the final target. Look for buying into dips.

For a look at all of today’s economic events, check out our economic calendar.

Cheers and safe trading,

Nenad

 

GOLD is Bearish After the NFP

We should expect a bearish continuation of the GOLD move. If the market doesn’t break 1766, the price should go lower. The 1750 zone is where bears might be waiting and pull the price lower. Watch for 1766 as resistance and 1750 zone for shorting. Targets are 1705, 1667 and 1650. Only a break above 1766 is temporary bullish

For a look at all of today’s economic events, check out our economic calendar.

Cheers and safe trading,

Nenad

GOLD Supported Prior to NFP

The main even the Non Farm Payrolls will determine the move in gold. However, we might expect a small move to the upside prior to the news. After the NFP, we could see the following scenarios:

  1. Move up from the 1799 zone towards 1812 and if it breaks 1830.
  2. 1830 holds and we have a sell trade there
  3. 1830 breaks and 1855 is next
  4. 1795 breaks and the price goes lower to 1786
  5. 1786 breaks and 1765 is retested.

Watch for the full NPF report and trade GOLD.

For a look at all of today’s economic events, check out our economic calendar.

Cheers and safe trading,

Nenad

 

GOLD Converging at the Vortex of the Triangle

1825 is the long breakout point for GOLD. If we see a move up, 1835 and 1854 are targets. If the price breaks below 1800 we should see 1790 and 1772. Today is the BOE decision, tomorrow is the NFP. Be careful about the risk you place. Watch for GOLD breakout during volatility period.

For a look at all of today’s economic events, check out our economic calendar.

Cheers and safe trading,

Nenad

 

GBP/USD Shorts are Possible Before the BOE

As long as the price is kept below the 1.3990, we should see a move down. 1.3645 looks bearish. Multiple confluence spots are there supporting the bears. Targets are 1.3894 all the way down to 1.3875. Only if the price breaks 1.3990, bulls will have the advantage. Watch for BOE decision.

For a look at all of today’s economic events, check out our economic calendar.

Cheers and safe trading,

Nenad

 

GBP/NZD Bearish Continuation Possible

I am already short and have protected more than 350 pips. You can clearly see my shorting levels and the price is following. For the downside continuation we need to see the market breaking below 1.9787. Targets are 1.9638 and 1.9384. In the case markets gets higher I will sell again (no brainer trade) 2.022 zone.

For a look at all of today’s economic events, check out our economic calendar.

Cheers and safe trading,

Nenad

 

EUR/JPY Bearish Hints at Resistance

EUR/JPY is trying to push higher but 1-2-3 is holding it. the 130.45 zone could move the price lower towards 130.27 and 130.05. However if the price moves above 130.55, a bullish breakout might occur going towards 130.80 and 131.00. Watch the price action at the POC zone for further cues.

For a look at all of today’s economic events, check out our economic calendar.

Cheers and safe trading,

Nenad

 

AUD/USD Weak USD Might Boost the AUD

0.7344-0.7420 is the zone where we see buyers. If the price makes a continuational move towards 0.7575 we should see a stronger momentum up. For bulls the most important is to have a close above 0.7411. That should make the new buyers join and lead the price higher towards the next level.

For a look at all of today’s economic events, check out our economic calendar.

Cheers and safe trading,

Nenad