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/JPY Bullish Configuration Spotted on H4 Time Frame

      >> The EUR/JPY formed an ascending trend line along with the inverted SHS pattern. A close above the M H3 camarilla pivot suggests a further bullish pressure. < A close above 130.65 is needed in order for the EUR/JPY to proceed further up. Inverted SHS pattern implies a continuation move towards

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    • USD/JPY Range Bound Prior to CPI

      USD/JPY Range Bound Prior to CPI

      The USD/JPY is currently range bound but the CPI data could move the cross easily outside the range. The CPI represents the change in the price of goods and services purchased by consumers. Consumer prices account for a majority of overall inflation.Technically the USD/JPY should drop as more confluence is

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    • GBP/USD is Volatile Due to Brexit News

      GBP/USD is Volatile Due to Brexit News

      The GBP/USD is heavily affected by the BREXIT news. Each time some news is released we see a lot of volatility in the cross. Algos react to news very quickly, but shortly after the price tends to correct itself. Try to keep the risk under control as the GBP is

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    • DAX30 Retracement Trend Line Could be Broken Soon

      DAX30 Retracement Trend Line Could be Broken Soon

      The DAX30 is showing a downtrend pattern with a technical zig-zag. We might see either a retracement to the POC zone 12053-83 or a retracement trend line break. The rejection from the POC or a trend line break should provide a renewed bearish pressure with 11800 and 11656 as targets.

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    • GBP/USD daily chart, August 30, 2018

      GBP/USD Bullish Above 1.2850

      The GBP/USD has formed a strong marubozu candle, retesting 1.2980 zone. At this point we might see another bounce as the POC zone is just below the current price. Potential buyers are within 1.2860-1.2885 but pay attention to 1.2905 too. First target us 1.2959 followed by 1.2980 and 1.3015. Only

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    • EUR/USD Might Start a Move Towards 1.1650

      EUR/USD Might Start a Move Towards 1.1650

      The EUR/USD has made a retrace towards 88.6 of the latest intraday swing. 1.1540-55 is the POC zone and as long as 1.1495 holds we might see 1.1650. Have in mind that the EUR also might reject from 1.1520 too. A bullish close above 1.1606 is needed for 1.1650.W L3

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    • EUR/JPY Descending Trend Lines Suggest Further Bearish Pressure

      EUR/JPY Descending Trend Lines Suggest Further Bearish Pressure

      The EUR/JPY has formed a POC zone straight at D H3/DH4 but below the camarilla W H3 Pivot. Trend lines are suggesting a confluence with technical tools (EMAs, Pivots, Candlesticks) for further bearish movement if the price stays below 129.58.Rejections are possible from 129.20-37 towards 128.48 and 128.30.W L3 –

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    • GBP/USD Regular or a Runaway Gap?

      GBP/USD Regular or a Runaway Gap?

      The GBP/USD has formed a retail gap after some Brexit comments during the weekend. The problem is that the gap is still open and we don’t know if it is the regular or a runaway gap. However, the channel is still inclined to the upside and 1.2890-96 zone is crucial.

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    • eurusd

      EUR/USD is Bullish but Close to Strong Resistance

      The EUR/USD has made a breakout of inverted head and shoulders pattern but the upside could be contained due to strong resistance close to M H3 and W H4 pivot points along with historical sellers. 1.1735-55 is the POC zone and we might see some rejections there in the zone.

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    • GBP/JPY Cup with Handle Pattern on H4 Time Frame

      The GBP/JPY, popular “Dragon” has formed a cup with handle pattern that is yet to be developed. The structure has formed exactly at M L5 Pivot Point. However, the presence of W H3 and W L3 pivots indicate that traders need to wait for further action. A close above W

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    • AUD/USD Enlarged Bullish SHS Pattern Targeting 0.7355 and Above

      AUD/USD Enlarged Bullish SHS Pattern Targeting 0.7355 and Above

      The AUD/USD has formed enlarged bullish SHS (inverted head and shoulders) pattern above the W H3 pivot. The enlarged pattern usually forms after a basic pattern has been broken, as we can see it on the chart. This suggests further upside above 0.7340 and 0.7355, while 0.7270-90 is the POC

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    • USD/JPY is Exactly at the POC Zone

      USD/JPY is Exactly at the POC Zone

      The USD/JPY has formed the zone exactly at 61.8 fib and W H3 resistance. The POC zone 110.80-111.00 might reject the price towards 110.15 and 109.77. A solid break below 109.75 should target 109.17. A close above 110.45 will negate this scenario.W L3 – Weekly Camarilla Pivot (Weekly Interim Support)W

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    • AUD/USD Shooting Star Might End the Consolidation

      The AUD/USD broke below the consolidation pattern that started a retracement. Shooting start that was formed at the W H4 could end the retracement spurring another short sell. The rejection from the POC zone ( 0.7340-60) targets 0.7300, 0.7260 and eventually 0.7196.W L3 – Weekly Camarilla Pivot (Weekly Interim Support)W

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    • Comex Gold

      Gold Descending ZigZag Marks the Downtrend

      The Gold has formed a descending zigzag pattern suggesting further bearish move. The POC zone where the sellers might be appears to be between 1199.25-1205. Rejection from the zone targets 1181 and 1169.70. Only below W L3, the price should resume towards 1154.1215 needs to hold if bears want to

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    • EUR/USD Bullish SHS Pattern Within 1.1350 Zone

      The EUR/USD has formed a bullish Head and Shoulders pattern with the right shoulder being within 1.1350 zone. If the price closes above the trend line, it will mean a potential breakout to the upside targeting 1.1477. However if the price breaks below 1.1330, we could see a retest of

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    • DAX30 Possibly Targeting 12050 Zone

      DAX30 Possibly Targeting 12050 Zone

      The DAX30 has made a break below the trend line and at this point, it is still trapped below W L4 camarilla pivot. POC 12300-325 is the first POC zone that could initiate fresh selling if the price retests it. POC2 12500-520 is the POC2 with a very strong bearish

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    • EUR/USD Monthly Support Retest is Possible Only Above 1.1350

      EUR/USD Monthly Support Retest is Possible Only Above 1.1350

      The EUR/USD dipped way below M L5 Pivot ( Strongest Monthly Support) and currently it is below the Weekly L3 pivot. This indicates a strong downtrend with a potential for further bearish pressure. Only a close above 1.1350 might initiate a bullish correction towards POC (1.1420-30) and POC 2 (1.1470-1.1508).

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    • gbp

      GBP/USD Could Initiate a Bigger Correction

      The GBP/USD has formed a bullish divergence exactly near the M L5 bottom. 1.2710-40 is the zone where the correction could start. If 1.2700 holds the price might retrace to 1.2844 and 1.2900. Break above 1.2923 should target 1.3000 and 1.3052.However, a drop below 1.2700 will pressure the pair further,

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    • GBP/USD Double Trend Line Confluence

      The GBP/USD has broken the bearish consolidation below 1.3070 level. A retracement within 1.3055-3085 could spark a new wave of sellers. The POC zone is marked by two descending trend lines and EMA89. If the price gets in the zone, we should see a rejection towards 1.2959 and 1.2917. A

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    • Master Candle Breakout on Gold

      The Master candle breakout (blue highlight) happened exactly below 1223.48 and the price went to 1219 zone subsequently. This indicates a range play with continuation possibilities. Below 1219, targets are 1215.50 and 1213. 1208.82 is the final daily projected target.However, if we see a spike above 1228.52 (master candle’s high)

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