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 [...]
GBP/USD – 13/07
July 12th, 2010GBP/USD – June 8th
July 7th, 2010Not 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 [...]
AUD/USD – 26/05
May 27th, 2010As 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 [...]
GBP/USD – 06/05
May 5th, 2010Cable 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, [...]
GBP/USD – 04/05
May 4th, 2010Cable 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 [...]
GBP/USD – 14/04
April 14th, 2010GBP/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 [...]
GBP/USD – 13/04
April 12th, 2010As 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 [...]
GBP/USD – 09/04
April 8th, 2010After 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 [...]
Thank you for your support
March 23rd, 2010Many 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
March 23rd, 2010as 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 [...]
