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

 

GBP/USD V-Shape Reversal in Play

The 1-2-3 pattern is making a rejection at the lows. We should see a move to the upside as price is slowly crawling to the resistance zone. If the market closes above 1.3900, the next level is 1.3950. A move above 1.3950 will pave a way towards 1.4080. The GBP/USD is bullish despite the USD strength and I will be buying the dips again.

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

Cheers and safe trading,

Nenad

 

EUR/USD Moves Up if 1.1700 Holds

The zone is just above the M L3 camarilla pivot. We can see that the price has made 3 higher lows and on a daily TF this looks bullish. From the R:R perspective, we could see a good trading opportunity towards 1.1968 levels. Watch for a bounce and continuation if the market keeps the price above 1.1700

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

Cheers and safe trading,

Nenad

 

EUR/JPY Surges as Yen Weakens

The POC is a bouncing zone. 129.65-75 where buyers are. Look for a trend line break and continuation of the move. Targets are 130.42, 130.58 and potentially 131.05. Only if the price breaks below 129.65 we could see a move down which will be a sign of Yen strength.

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

Cheers and safe trading,

Nenad

 

GBP/USD Up Move as Expected

The POC zone perfectly bounced off the GBPUSD as the essential support has been made. We can see that the upward trend is persisting and I advise protecting profits for everyone who entered long in the POC. Targets are 1.3750 followed by 1.3952 and 1.4080 as a part of a swing trade. Only if the market breaks below 1.3550 it will invalidate the bullish trend.

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

Cheers and safe trading,

Nenad

 

GBP/USD Up Move as Expected

The POC zone perfectly bounced off the GBPUSD as the essential support has been made. We can see that the upward trend is persisting and I advise protecting profits for everyone who entered long in the POC. Targets are 1.3750 followed by 1.3952 and 1.4080 as a part of a swing trade. Only if the market breaks below 1.3550 it will invalidate the bullish trend.

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

Cheers and safe trading,

Nenad

 

GBP/USD at the Critical Support

We should see a continuation to the upside if the price gets a bullish momentum.

1.3600-50 is the POC. Multiple swing points could switch momentum to the upside. Targets are 1.3770 all the way towards 1.4115 if the price stays above 1.3550. However if the price drops below 1.3550 watch for a move towards 1.3393.

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

Cheers and safe trading,

Nenad

 

OIL Bearish Continuation as Planned

I went against the big majority of long traders and it is paying off now.

Historical selling has been aligned with the present moment. Shorting above the 73.50 zone has been an excellent way to position as the market is bearish now. 69.00 is support. If we see a daily close below, we will probably reach the next support 65.00 and 64.03. Enjoy the profits.

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

Cheers and safe trading,

Nenad

 

OIL is Bearish as 280 pips Have Been Secured

Historical selling has been aligned with the now moment. 71.00 is the major support now. If the price makes a close below on a daily timeframe we should see a continuation down towards 69.05 and 68.56. As long as the current high is a resistance we should see a bearish correction down. Watch for price action.

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

Cheers and safe trading,

Nenad

 

GBP/USD is Preparing for a Long

The GBP/USD is preparing for longs. We might see a breakout to the upside.

W L3 pivot is holding the price. We can also see a series of higher highs and higher lows as the price looks bullish. 1.3850-60 is the zone where bounce might happen. Targets are 1.3897 followed by 1.3940 and 1.3980. However, the price needs to stay above 1.3795 in order to remain bullish.

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

Cheers and safe trading,

Nenad

 

EUR/USD Aiming For Sub 1.1830

The 1.1880 zone is the zone where we see the bearish reaction. Bearish M pattern has almost formed and we might expect a bearish reaction. Bearish move should happen in a form of breakout below the point 3 of the M pattern. In that case the target is 1800 zone. Watch for a possible breakout lower.

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

Cheers and safe trading,

Nenad

 

Silver is Getting Ready for a Range Breakout

Two blue lines represent the range where the silver is moving now. We have 2 breakout points.

Bullish breakout above 26.60 will target 27.79. If we see a breakout below 25.50 get ready for 24.60. We should see it possibly after the NFP tomorrow. Look for breakout-retest patterns.

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

Cheers and safe trading,

Nenad

 

GOLD Shorts are Strong but Watch the Support

We can see that the 1750 zone is important for institutions. This is where we have had buy orders in the past. Additionally it is the M L5 support and we can expect the bounce. The RSI has bounced above 30 and every time it does the price goes up. We could see 1785 and 1825 as targets.

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

Cheers and safe trading,

Nenad

 

GOLD Breakout is Imminent

In my opinion, GOLD is still bullish. Dips have been bought above 1770 and if 1790 breaks we should see 1810 and 1831. At this point the accumulation is happening and the breakout is imminent. However, if the range persists we could see 1770 again. I am mostly bullish now and expecting a long breakout.

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

Cheers and safe trading,

Nenad

 

GOLD is Trying to Make a Long Breakout

Gold is at the critical support 1765-75 is the zone which bulls need to hold if they want to push the price higher. Ideally it should stay above the interim support 1780. Targets for the move are 1792 followed by 1796. Breakout of 1796 should be targeting 1810 and eventually 1830 in further days.

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

Cheers and safe trading,

Nenad

 

AUD/JPY Moves with a Flow

If the market makes a retracement towards the POC zone within 94.00, we might see a move down. Potential move could be targeting 83.30, 83.02. The break of 83.00 level should be targeting 82.62. Only if the price gets above 84.00, bears will be in danger. Selling the rallies is the option now.

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

Cheers and safe trading,

Nenad

 

Gold is Bearish as the Market is Retracing

Intraday shorts might come around the 1795 zone as a part of retracement. A move higher will be a sign for a deeper retracement and 1815 – 1820 will be a zone to look for shorts. A rejection of the POC and POC2 should be targeting 1765 as a part of retest. Gold is bearish now and taking shorts is trend trading.

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

Cheers and safe trading,

Nenad

 

GOLD is Bearish Below 1790 Zone

1785 is where we could see the price rejecting. The structure is bearish with a possible retest of 1760 zone. If we see the D L3 zone hit we could see a move to the upside. 1790 should hold and that means bears will go stronger during the later US session. Watch for profit taking.

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

Cheers and safe trading,

Nenad

 

AUD/USD Bears are Here

We can spot 2 POC zones. The first one is close to 0.7650 and it is also supported by the order block. Another one is higher 0.7730-50 and we could see a rejection if the price gets there. There is also a trend line supporting the move down. Targets are 0.7620 and 0.7590. Bullish move resumes if the price closes above 0.7795.

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

Cheers and safe trading,

Nenad

 

GOLD is Supported Before the FOMC

The 1840-50 zone is the POC. As it acts as support, we could see a move up. The move will depend on the FOMC later in the day. Targets for longs are 1875, 1891 and 1915 in the next few days. However, if the price drops below 1840 expect a move down to 1815 zone which is bearish.

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

Cheers and safe trading,

Nenad