AMTrader

AMTrader Jan 13, 2019

At the moment with all the Brexit uncertainty going on, it is difficult to try and implement any technical analysis. Nonetheless, I have made an attempt to forecast the price of GBP/USD based solely on technicals. The chart is quite cluttered with information, but I will try my best to explain what it is you should be getting from this analysis. Key lines:...

AMTrader Sep 23, 2018

USD/JPY Bullish Wolfe Wave This analysis focuses on a potential bullish trend breakout and subsequent bullish trend continuation. Looking at price action we can see that the bullish support trend line from March to August, 2018, is still intact - however, as is always the case with trend lines it depends on where you connect the points, thus, it is always...

AMTrader Sep 23, 2018

USD/JPY Bearish Gartley and AB=CD Pattern The bearish Gartley pattern formed in July is now being accompanied by a bearish AB=CD pattern. I have posted an analysis earlier based only the bearish Gartley pattern, but seeing that a bearish AB=CD pattern has formed it reinforced my earlier analysis. At the moment price is running the risk of forming a double...

AMTrader Sep 22, 2018

GBP/USD reached a very crucial and decisive level this week despite giving back 'almost' all it's gains on Friday. The 1.3299 high of Thursday hit the bottom of the primary support trend line formed in January, 2017. This could be seen as a case of support to resistance, however, if you look at the yellow highlighted area on the chart you will notice that...

AMTrader Sep 16, 2018

Bearish H&S Pattern DAX Although the current bearish H&S pattern on DAX is not symmetrical i.e. the right shoulder is higher than the left shoulder, however, it still is indicative of a bearish correction to take place; also, this unsymmetrical setup does form a megaphone setup if you draw trend lines extending from the right to left shoulder and from the low...

AMTrader Sep 14, 2018

Bearish Alternative Bat Pattern GBP/USD as GBP/JPY is still in a bullish medium term trend, however Cable, too, is getting overbought on smaller time frames. This is evident also with a close look at the RSI indicator where the bullish trend has been broken multiple times, and it seems to have difficulty getting above the bullish trend line at the moment,...

AMTrader Sep 14, 2018

Bearish Crab Pattern GBP/JPY is still bullish overall, however, it is a little overbought on the lower time frames. If you take a look at the RSI indicator you will notice that the bullish trend line has been broken. The candle on the chart which correlates with the break of the RSI trend line is highlighted by the blue vertical line, hence, a sustained close...

AMTrader Sep 1, 2018

DXY Bearish Crab vs Bullish Alt Crab Pattern Currently price is battling for dominance between two 'crustacean's' i.e. a bearish crab and an Alt bullish crab pattern. At the moment, looking at the close of this months candle it seems clear that price is ready to dive lower and resume the bearish trend that has been in tact since the end of 1985. However,...

AMTrader Aug 5, 2018

USD/JPY Potential Bullish Three Drives Pattern After the long and medium term analysis for USD/JPY on the weekly and daily time frame, the final analysis for the short term on the 4 hour time frame is ready. As previously mentioned in the other two analysis of USD/JPY, the key level of support is the 110.30/00 level. On the 4 hour time frame however we could...

AMTrader Aug 5, 2018

USD/JPY Bearish Gartley Pattern Unfortunately my trade got stopped out last Tuesday when price shot up some 36 hours prior to the FOMC meeting, luckily I didnt go long sensing that this was only an impulse prior to the upcoming events. Nonetheless, it does seem as though USD/JPY is back on track to complete the bearish Gartley pattern. As I mentioned in my...

AMTrader Aug 5, 2018

USD/JPY Bullish Breakout or Bearish Continuation? USD/JPY continues being range bound, even with a strong USD and the Yen fundamentally weak after BoJ proceeds with quantitative easing. Naturally, since the DXY is taking a breather and fighting resistance at 95.15/20, this pair will remain range bound, though new highs are of the essence if USD/JPY is to...

AMTrader Aug 5, 2018

GBP/JPY Bearish Three Drives GBP/JPY is hanging, or better resting, on a very thin level of intermediate support formed by a minor bullish trend line currently. However, looking how close price came to closing the gap between 142.20 to 142.60 at the end of May, 2018, it seems very likely that it will now close this gap. The reason why I believe it will, is...

AMTrader Jul 17, 2018

A risky, but potentially lucrative long opportunity for GBP/USD with the help of a bullish Deep Crab Pattern. Obviously at this stage with all the uncertainties surrounding the Brexit negotiations, it is rather risky to trade any pair with GBP. However, GBP/USD has reached extremely oversold territory on nearly all the time frames, especially the daily time...

AMTrader Jul 15, 2018

It looks like DXY will still be heading lower in the short to medium term after last Fridays close below the 61.8% level measured from 95.53 to 93.71, thus, a bearish 2618 trade signal following the double top above. At the moment it is difficult to assess the medium term trend for currencies with all the political turmoil in Europe and the uncertainties...

AMTrader Jul 8, 2018

A bullish 121 trend continuation pattern on GBP/JPY looks promising and can soon be entered, if price remains bullish. GBP/JPY seems to prepare itself for a larger move to the upside and should also generate a longer term overall bullish trend. If you look at my analysis from last week concerning GBP/JPY where I forecast a large move to the upside coming at the...

AMTrader Jul 1, 2018

A potentially giant bullish move may be in the process of forming for GBP/JPY. After analyzing price action, as well as the RSI and MACD, since 1995 I noticed an interesting pattern which now seems to be repeating for a fourth time. I will try and explain the near 'chaos' in the chart as best as I can in words so that it is clear, if not, please feel free to...

AMTrader Jul 1, 2018

Before price makes a true reversal, whether bearish or bullish, price and SMA's have to make a series of cross overs in the direction of the reversal. Once every new level of support for price and SMA's has been made and confirmed, price then has the base from which to rally. Of course the easiest and safest way to profit from a trend reversal is a candle...

AMTrader Jun 28, 2018

USD/CAD is starting to show some weakness, finally, thus offering a chance to short this market as it starts a corrective move towards the end of this month. With the current DXY strength and potential for oil prices to drop, USD/CAD should remain bullish in the longer term but only after a much needed correction. By looking at the progressively upwards...