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technicaltrader
@technicaltrader
41
Ex-finance professional trading markets globally using technical analysis
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2018-09-22 12:14
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technicaltrader
trading
8y
Ford (F) Trading Right On Critical Support
Ford needs to catch a bid and catch it soon. The weekly chart shows a very large bottoming process that it has been unable to break out from. Now price finds itself right back at the July 2012 low. If
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technicaltrader
trading
8y
What are JP Morgan (JPM) and Bank Of America (BAC) Telling Us About The Banks And The Market?
JPM and BAC together account for 20% of the XLF ETF by weighting. If these two names are in downtrends, that gives us a strong clue as to the future direction of the Financial's in general. This in turn
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technicaltrader
trading
8y
Momo Inc. (MOMO) Price Analysis
China Tech and Chinternets listed in the US have been significant under performers of late, so this trend break as shown above, is of interest to me. Whilst this name has been out performing the group,
technicaltrader
trading
8y
Freshpet (FRPT) Price Analysis
There aren't too many stocks hitting all time highs after the technical damage done last week, so this one stands out. As can be seen on the daily, whilst the market corrected sharply, this one bottomed
technicaltrader
trading
8y
EURAUD On Watch For Breakout
This cross entered a basing pattern way back in 2013 but now looks to be attempting to breakout to the upside. The break is not clean yet and further confirmation is required. For that I'm looking to the
technicaltrader
trading
8y
Silver Closing In On Neckline Breakout
I've been monitoring this closely ever since Gold failed to confirm Silver's additonal low in Sptemeber. I have written about the bullish potential for the precious metals here and here and also taken
technicaltrader
trading
8y
Estee Lauder (EL) Price Analysis
Estee Lauder looks to have completed an 8 month topping pattern in the form of a head and shoulders, one of the most reliable chart pattern. The neckline is clearly descending suggested particular weakness
technicaltrader
trading
8y
Baidu (BIDU) Price Analysis. Significant Top Confirmed
With the market weakness seen last week, the BIDU share price moved below the lower boundary of a topping pattern confirming a significant top is in place. It's also notable that the CQQQ and KWEB ETFs
technicaltrader
trading
8y
SELL GBPJPY, Breakdown Confirmed
Not too long ago, I was thinking this cross would break out to the upside and believed the red dotted trend line to be what the market was respecting. However, there is now a confirmed mini pennant which
technicaltrader
cryptocurrency
8y
Bitcoin (BTCUSD) Buy Stops Triggered But Meets Selling Pressure. Breakout Not Yet Confirmed
In early trading, Bitcoin (along with the rest of the Crypto space) broke above the top of the descending triangle that the whole world seems to have been watching. This looks to have triggered a lot of
technicaltrader
trading
8y
Global Equity Market Breakdown, Significant Technical Damage Done
It's seems quite clear after the price action this last week, that a significant top has been put in place in US stock markets. Many indices and sectors have suffered significant breakdowns and there are
technicaltrader
cryptocurrency
8y
Bitcoin (BTCUSD); Could The Major Pattern Fail? Two Things That Concern Me
Everyone is watching the large descending triangle that has been developing in the BTC price since the February lows this year. I have written about my target prices, depending on which way the pattern
technicaltrader
gold
8y
Gold Rally Underway. How Far Can It Go?
With Gold having confirmed a breakout on Thursday, the question to ask now is how far can it go. I wrote here about the large commercial long positioning and the Gold/Silver ratio, both of which suggest
technicaltrader
cryptocurrency
8y
Litecoin (LTCUSD) Major Level Needs To Hold
After the weakness in Crypto's yesterday, LTC is within touching distance of its September low. After hitting that low, it then broke out of a falling wedge that has been forming since the February high.
technicaltrader
trading
8y
Is The Gold/SPX Ratio Telling Us The Equity Market Party Is Over?
Whilst this is a far from perfect indicator, at major turning points, the ratio of Gold to the S&P 500 can give us clues to the future direction of Equity Markets. On the above chart, I've highlighted
technicaltrader
cryptocurrency
8y
Can Ripple (XRPUSD) Resume It's Rally?
Ripple, as with a lot of the crypto space right now, has pushed all the way back to test major support, in this case the downtrend off the February high. The break of this trend was done in impulsive fashion
technicaltrader
trading
8y
S&P Bank ETF (KBE) Price Analysis
There had been a lot of discussion earlier in the week, that should the banks hold above support, that would be a sign of rotation within the market, a feature of ongoing bull markets. However, it's clear
technicaltrader
steem
8y
STEEM/USD; Major Levels To Watch; 0.61 & 0.96. Preserve Capital For The Bigger Moves!
With all the volatility in global markets, Crypto's haven't been left untouched. Given these moves, it's important not to get lose sight of the bigger picture that the charts are telling us. See the full
technicaltrader
cryptocurrency
8y
Bitcoin Cash (BCHUSD) Back On Trend Support
Take a look here for the full analysis but the daily chart above, shows that price is back on the upper boundary support of the falling wedge. It's important that this level holds so that the bullish breakout
technicaltrader
trading
8y
EURUSD; Still Looking For Upside
With the moves in the precious metals (see here) and some moves in USD crosses, it's worth taking a look at EURUSD. The weekly chart, for me shows clearly a two and a half year basing pattern that broke
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