Nenad Kerkez
Nenad Kerkez
M.Ec. Nenad Kerkez aka Tarantula is Elite CurrenSea’s Head trader and a valued contributor to many premium Forex and trading websites.His excellent knowledge of financial markets makes him frequently appear as a featured presenter at FX Expos, Live panels, and other important events.
Contact:nenadkerkez@fxempire.com

    Recent Activities

    • EUR/USD Preparing for a Bearish Breakout

      EUR/USD Preparing for a Bearish Breakout

      The EUR/USD has rejected from the order block close to 23.6 of it’s last swing. The POC zone 1.1605-15 is also showing a retracement trend line break, so we might see a continuation towards 1.1542 and 1.1521 which is a confluence of D/W L3. In the case of a bounce

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    • WTI is Trapped in a Range - Breakout is Possible

      WTI is Trapped in a Range – Breakout is Possible

      After the breakout of the symmetrical triangle to the upside, the WTI has been consolidating in a tight range between pivot points, mainly D H3 and D L3.  If the price closes above D H3 – 66.92 then 67.30 and 67.55 should be next, eventually followed by 67.93. Below D

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    • DAX30 is Bullish After the Diving Board Pattern

      DAX30 is Bullish After the Diving Board Pattern

      The Flat base and plunge downward are the main characteristics of the diving board pattern. The DAX30 dropped then spiked heavily reaching 12954. At this point, the retracement is underway. There are two POC zones. 12770-83 is the first POC, while 12716-42 is the POC2. We might see the bounce

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    • EUR/USD Trend is Up but Watch the POC Zone

      EUR/USD Trend is Up but Watch the POC Zone

      Trend lines are a very important price action tool as we could also see in the yesterday’s GBP/JPY analysis. The price respected trend lines and GBP/JPY went up as expected. Today, the EUR/USD is still bought on dips and the price is currently above both ascending trend lines and D

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    • GBP/JPY Retracement Trend Line Breakouts for Uptrend Continuation

      GBP/JPY Retracement Trend Line Breakouts for Uptrend Continuation

      The GBP/JPY, so popular “Dragon” has been making obvious trend line breaks above the ascending trend line. This signifies both retracement-continuation pattern in uptrend (a for of zig-zag pattern). 147.05-40 is the POC zone and we could see another rejection should the price retrace again. A strong 1h momentum candle

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    • USD/JPY Progressive Zig-Zag after the Cup With Handle Breakout

      USD/JPY Progressive Zig-Zag after the Cup With Handle Breakout

      The USD/JPY has formed a bullish cup with handle pattern below the horizontal trend line (red), and at this point, we can see a valid breakout of the pattern. The breakout has formed a progressive bullish zig-zag pattern, and 109.80-90 is a possible bounce spot. If the bounce is validated,

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    • EUR/USD Multiple Bullish Patterns for Uptrend Continuation

      The EUR/USD was sold on rallies and bought on dips as I predicted in the FXStreet poll. Yesterday’s drop to 1.1650 has been bought, and the market is bullish right now. We can see a huge inverted head and shoulders coupled with a smaller pattern that has formed today. 1.1700-10

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    • DAX30 Flat Top Ascending Triangle

      DAX30 Flat Top Ascending Triangle

      EUR/USD movement is very important for the understanding of Dax and its unhedged exporters that benefit from a strong USD. Asian Equities rose slightly today, but the Dax 30 still has a resistance to break. The flat top ascending triangle is generally a bullish pattern and only the break of

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    • USD/CAD POC Bounce Zone Is 1.2875-1.2890

      USD/CAD POC Bounce Zone Is 1.2875-1.2890

      The USD/CAD has formed a bullish swing but the price is still below the breakout level. We see a retracement at this point and next zone for a potential bounce is 1.2875-1.2890.  There is a lot of confluence within the zone including 61.8 fib of the last swing. However, for

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    • EUR/USD Combined Bullish Patterns Targeting 1.1750 Interim Resistance

      EUR/USD Combined Bullish Patterns Targeting 1.1750 Interim Resistance

      Positive news about Italy yesterday, sent the EUR/USD bouncing from support and making two bullish patterns. V-shaped reversal combined with Inverted Head and Shoulders saw the trend change on intraday timeframes. It looks like the EUR/USD formed two POC zones 1.1650-65 and 1.1590-1.1610. If we see a retracement, the pair

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    • GBP/USD Time for a Correction?

      GBP/USD Time for a Correction?

      The GBP has reached the 1.3200 zone as expected and predicted via my latest GBP/USD analysis and FXStreet poll. We can see that bullish divergence has formed and 1.3240-70 is the zone where price might reject to the upside. If 1.3230 holds next targets could be 1.3320, 1.3350 followed by

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    • USD/CAD Rectangle Consolidation Above Ascending Trend Line

      USD/CAD Rectangle Consolidation Above Ascending Trend Line

      The USD/CAD has been consolidating within the rectangle range above M L3 pivot point. Consolidation is also between the W L3 and H3 above the ascending trend line, so I assume the price is still bullish. 1.2760-1.2787 is the POC zone and we might expect a bullish bounce once the

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    • GBP/JPY Direct Drop After the Bearish SHS

      GBP/JPY Direct Drop After the Bearish SHS

      The GBP/JPY has dropped after the bearish SHS variant has been formed in 4h time frame. We can see how the trend line break caused a direct drop to W L5 camarilla pivot. This is the important zone 147.00-15. We might see a spike towards a retest of trend line

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    • USD/JPY Progressive Zig-Zag Potentially Targeting 111.60

      USD/JPY Progressive Zig-Zag Potentially Targeting 111.60

      The USD/JPY has formed a progressive Zig-Zag pattern and at this point it seems like bullish momentum is shaping up for a new push higher. 110.90-111.05 is the POC zone and if the price manages to stay above 110.70 we might see higher levels. Next targets are 111.35, 111.61 and

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    • GBP/USD Megaphone Pattern Turned into a Head and Shoulders

      GBP/USD Megaphone Pattern Turned into a Head and Shoulders

      The GBP/USD went exactly as expected both on my LIVE trading webinars and FXstreet poll. It was a bit messy due to Megaphone pattern so we could have traded it both to the long and short side, but things have become more evident due to Head and Shoulders. 1.3425-35 and

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    • EUR/USD Close to the Strongest Monthly Support

      EUR/USD Close to the Strongest Monthly Support

      The EUR/USD has been in a steady downtrend after it broke from consolidation mode. The pair went below 1.1780 yesterday, but 1.1720 is still a big hurdle for bears. The price is rejecting the W L5 level, and we could see 1.1850. However, 1.1835-50 could provide a rejection towards 1.1763

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    • WTI Uptrend Above W L3 Pivot Continues

      The WTI has been in a steady uptrend that is followed by a bullish zigzag pattern. 69.35-95 is the POC zone and as long as the price is kept above 67.90, the WTI is bullish. Targets are 71.65 and 72.80. If the 4 hour candle closes above 72.80 we might

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    • AUD/NZD Strong Uptrend Continues

      AUD/NZD Strong Uptrend Continues

      Due to diverging RBNZ and RBA monetary policies, the AUD/NZD has formed a strong uptrend breakout above the order block / MH3 confluence. Technically, if the price retraces to 1.0750-75 we should see another bounce towards 1.0876. However, another close above 1.0876 should provide a continuation towards 1.0926 and 1.0944.

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    • EUR/USD Regular Bullish Divergence in 4h Timeframe

      EUR/USD Regular Bullish Divergence in 4h Timeframe

      The EUR/USD has reached W L4 support and we can see that the price has established a bullish divergence. If the 4h candle doesn’t close below the W L4 – 1.1834 we might see a bounce to the upside possibly targeting W H3-1.2022 and W H4 – 1.2085. However 1.2050-85

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    • USD/CAD Upside Breakout as Expected

      USD/CAD Upside Breakout as Expected

      The USD/CAD is making a strong bullish breakout as expected. The setup was presented live on Weekly Trading Recap webinar and the price went exactly as expected. At this point we see a strong upside break after the inverted head and shoulders pattern. This was expected as USD/CAD had a

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    EURUSD
    EUR/USD
    1.1614
    +0.0022
    +0.19%
    GBPUSD
    GBP/USD
    1.3247
    -0.0025
    -0.19%
    XAUUSD
    Gold
    1279.7
    -1.0300
    -0.08%
    CL
    Crude Oil
    64.605
    +0.4450
    +0.69%
    SPX
    S&P 500
    2766.5
    -16.500
    -0.59%
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    DAX 30
    12814.2
    -182.25
    -1.4%
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