Amaro Capital

GBP/USD – 13/07

michael — Tue, 13 Jul 2010 05:13:56 +0000

As predicted, the sideways momento is done. Now the pair making a new lower low in 1.4947, and higher low on 1.5077 which is the 50% retracement level.
look at the the blue line drawn in the chart. The Trend line is broke, and change of polarity beginning to occur.
These two might indicate the trend has been reverse. as the level 1.5223 is a great resistance level (resist 3 times).

We might expect the pair goes down to 1.4830

To have a live trading session with me or live data feed, please email us at technical@amarocapital.com

Happy Trading
Analyst

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GBP/USD – June 8th

michael — Thu, 08 Jul 2010 05:36:32 +0000

Not so wonderful trades for those who trade cable pair. it has been ranging in 1.5227 and 1.5090 since the beginning of these week. However, we may expect a breakout from this area. please NOTE the pair has made Triple TOP and Double BOTTOM.

Once of the strategy we might use is pending order on 1.5227 buy and 1.5090 sell. which ever the price hit first, the trend might be prevailing. We might expect this to occur during london session as many data from the euro area are released.

GBP/USD H1

GBP/USD H4

Bollinger band forming a “NECK” pattern, which we anticipate a breakout above the support and resistance area, might make a prevailing trend.

To have a live trading session with me or live data feed, please email us at technical@amarocapital.com

Happy Trading
Analyst

AUD/USD – 26/05

michael — Thu, 27 May 2010 10:14:46 +0000

As seen on the graph, the pair is making EVENING STAR pattern, for those who are not familiar with the terminology, contact us for further assistance at technical@amarocapital.com.
As the pair is creating a evening star pattern with resistance of previous high as drawn on the chart. It is only logical that traders only doing SELLing position.

Please look out for 0.8200 area due to psychological area which is very strong, which coincidentally occur to be the day pivot point.

With the current condition of sideways to most of the pair, do not hold a position for long period of time. Always use money management as your guidance.

To have a live trading session with me or live data feed, please email us at technical@amarocapital.com

Happy Trading
Analyst

GBP/USD – 06/05

michael — Thu, 06 May 2010 03:59:56 +0000

Cable pair is in the bull and bear fight arena, the support that has been strong for months back 1.5140, has become the resistance.

However if we look closely to the chart, a hammer occur, this might indicate, if the bull able to drag up the pair to above the resistance, the fight is won, and long position is favorable for period to come, contrary, if the pair unable to break this barrier, get ready to sell hard, due to GBP/USD is still in the bearish trend.

Please make a careful judgement on your trade, tommorow is NFP day, get ready to be stun

To have a live trading session with me. Please email us at technical@amarocapital.com

Happy Trading
Analyst

GBP/USD – 04/05

michael — Tue, 04 May 2010 08:10:05 +0000

Cable pair has gone nowhere during April 2010. The pair has been resisting 1.5500 and supporting the 1.5140. At this current time, there are no long term trend that suggesting an entry, however if we would like to enter a market and this point of time, it would be a short. Targeting on the support area. The chart is on H4 timeframe.

As euro weaken due to the bailout of Greece economy, we may look for a short position.

Let us hope the NFP this Friday will bring cheers to our face

To have a live trading session with me. Please email us at technical@amarocapital.com

Happy Trading
Analyst

GBP/USD – 14/04

michael — Wed, 14 Apr 2010 17:09:50 +0000

GBP/USD has made a upward move, and cross the resistance of Moving Average 200. The most-like scenario is, the pair might retrace resistance that turn into a support, at 1.5435 area, than continue-ing an upward movement. On this movement, we might say pound has ride a small and continue-ing rally. However please lookout for a bearish turnback, due to h4 fibonaci resistance 123.6 at 1.5518.

To have a live trading session with me. Please email us at technical@amarocapital.com

Happy Trading
Analyst

GBP/USD – 13/04

michael — Tue, 13 Apr 2010 05:18:45 +0000

As being analyzed, we predicted GBP/USD would rally after a triangle box out. Now, as we seen on the graph, the pair is being rejected by 200 moving average, the pair might try moving average resistance and goes down to 1.5137. However, if the pair break the 200 Moving Average, it would most likely the pair continue the rally, please check H4 timeframe for more accurate analysis.

Happy Trading
Analyst

GBP/USD – 09/04

michael — Thu, 08 Apr 2010 18:14:27 +0000

After a weak NFP, Cable (GBP/USD) once again has been forming a triangle box. we might expect a breakout from the cage in euro session tomorrow.
As the graph indicate, it is most likely that the pair might break upward, however please patiently wait until the confirmation of the breakout.
There will be two scenario in this situation. Please watch carefully during this period, a great reward will be granted for those who are patient We may call this situation as a Pound Time Bomb!

For upward scenario, please watch 1.5317 as the soft target, as it was a previous high. Traders might take 5-10 pip by SELL-ing this pair. If the pair break the resistance level, it would most likely the pair move upward for the rest of the week. As U.S market is currently 1 year bull era.

For downward scenario, the pair would most likely be hold on the 200 moving average shown on the graph.

Happy Trading
Analyst

Thank you for your support

michael — Wed, 24 Mar 2010 05:40:44 +0000

Many thanks for the comments, for more live report and trading suggestions, just simply make Amaro Capital as your Referral Broker in FXCM.

Happy Trading

EUR/USD – 24/03

michael — Wed, 24 Mar 2010 05:36:47 +0000

as the P.I.G.S nations (Portugal, Italy, Greece, and Spain) going through a deficit time. Euro is forecast to be weaker, and the technical supports it. Please look at the chart below, 1.3555 is a great resistance on the daily chart yesterday. This massive drop will lead to another downtrend movement. The pair has been floating in the box territory, and i believe with the resistance of andrews pitchfork and the stochastic 8,3,3. This downtrend movement is inevitable. For softer target profit, you may put on the previous low 1.3461, and for longer term consider the pitchfork support.

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Happy Trading
Analyst