PetarJacimovic

PetarJacimovic

I found volume spike (selling climax) in the background. The very next bar was up bar in a high volume (reversal up-thrust). This must be that demand overcame supply and that there are more buyers then sellers. Later on , we saw a successful test of supply on low volume, which is the sign that smart money is interesting in upward price. Wyckoff called this...

PetarJacimovic Updated 

We got massive volume spike near the level of 1.1040. Professional started to sell form this point and, later on, we saw weak demand in a low volume. Classic distribution phase on the market. Be careful when buying and watch for potential selling opportunities on rallies. First TP zone is set at the price of 1.0830. Second TP is around the price of 1.0710. Keep in...

PetarJacimovic Updated 

We got massive volume spike (selling climax) and later n successful tests. Professionals will look to establish buying positions so watch for buying opportunities. My first fixed target is around the level fo 1.3870. Second TP is around the price of 1.3980. Don't forget strength appears on down bars especially on massive volume spike bars with very wide spreads....

PetarJacimovic Updated 

GBP/USD is in strong technical downward and also fundamental downtrend due to lack of stability for the rate hike and potential leaving of Eurozone. Be careful when buying GBP/USD and watch for potential selling. I expect potential re-test of 1.4080. Of course, exit or secure position before FED interest rate decision in 2 days.

PetarJacimovic

Since Europe indices found support and started to recovery + ECB didn't changed the rate and left space for potential adapting of monetary policy in March, we may see lower EUR/USD and potential testing of 1.0720-1.0560. Technically, major cluster held successful and we may see short term downward continuation.

PetarJacimovic

EUR is still fundamentally in the bearish trend. Anyway, due to weak Europe stock indices we can expect extended upward correction. I have placed Fibonacci expansion and I found Fibonacci expansion 61.8% at the price of 1.1040 and Fibonacci expansion 100% at the price of 1.1250. An important event will be at January 21. Be careful when selling EUR/USD at this stage.

PetarJacimovic Updated 

I found strong downward trend on AUD/USD. Commodities are going lower and China got problems, which can push commdity currencies lower. I expect re-test of the level 0.6940 (short term take profit). Final take profit can be around the price of 0.6300. Be careful when buying...

PetarJacimovic

EUR/USD is trading sideways and in channel range. Selling at this stage looks risky because we may see extentdd upward correction and also position on MAs is very flat, even 200 SMA is heading upward. Also, europe indices FTSE and DAX are strugling for upside. Fibonacci extension 61.8% is at the price of 1.1040, Fibonacci expansion 100% is at the price of 1.1245....

PetarJacimovic Updated 

I found broken ending diagonal and Wyckoff distribution. Fundamental veiw is also in favor of dollar and weak EUR. Active QE program and good data from US can bring euro much lower in next period. Depent of this week news and ADP Non-Farm Employment Change. Intraday TP is at 1.0800 and my short term target is around the price of 1.0590 (Fibonacci expansion 161.8%).

PetarJacimovic

I expect lower EUR/USD due to hike rate from FED by 25bps and generaly weak fundamental view on EUR together with QE program active. Technicly i saw potential Wyckoff distribution and broken triangle. Be very careful when buying EUR/USD and watch for potential selling opportunities. Intraday TP at 1.0800. Major short term TP is around 1.0570. Best Regards, Petar

PetarJacimovic Updated 

Bad news for CAD and oil low price are major points why CAD is weak. Technicly we may see upward. Tp1 at 1.3780 and TP2 at the price of 1.3825

PetarJacimovic Updated 

Due to drop on Oil we may see further bullish continuation on USD/CAD. Major resistance is around the price of 1.3755-1.3780. Be very careful when selling USD/CAD. Watch for buying opportunities on dips.

PetarJacimovic

We got massive selling climax in the background and weak sllers later on. Price broke downward channel and together with fundamental bullish view this makes good buying opportunity. TP zone is around the price of 1.6600

PetarJacimovic Updated 

We got massive demand in the background after Draghi speach from last week. Europe stocks are heading lower and SP500 are also heading lower. We mya expect EUR recovery. Sellers be very careful...