التحليلات الفنية

يناير42016

CAC40 – Above its upward trend line, will you trade?

The CAC 40 index is trading above its upward trend line on a 30 minute time frame. The price is also trading above its 50 day moving average (shown in yellow) which is also behaving as a support. If the price breaks below the 50 day moving average it will confirm that the upward trend is losing its steam and a break of 100 day moving average (which is shown in red colour) will confirm that the bears have full control of the price and the bias is towards the downside.

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Technical AnalysisBy sharptrader

يناير42016

Copper- Technical Analysis

Copper is consolidating mostly on intraday time frame and volume is very thin as expected due to a holiday period. The only interesting element is the unemployment claims data for the US, which is due later in the day and this could move the dollar. This reflects some volatility for the metal. However, we are not expecting any major moves.

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Technical AnalysisBy sharptrader

يناير42016

Gold- Upward momentum is building

The precious metal is trading below its downward trend line on a 4 hour time frame. This confirms that the trend is towards the downside. However, it is important to note that the price is challenging this line and a break of this line towards the upside will confirm that the downward trend is no longer in play.

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Technical AnalysisBy sharptrader

يناير42016

Crude Oil – Fundamental vs Technical Analysis

The path of least resistance for oil could still be towards the downside and we believe during the first half of next year we could form the bottom and the price will stabilise from there. Until then, the target of 28 dollar for the WTI crude is very real. The move we are experiencing in oil market today is mainly due to some profit taking nothing much- especially, if you look at the fundamentals.

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Technical AnalysisBy sharptrader

ديسمبر182015

GBP/USD- Trading in a Support Zone

The GBP/USD pair is trading below its downward trend line on daily time frame. The price has entered in a major support zone and break of this zone will be a further sign sign of weakness. The odds are stacked in favour for this support zone to work as there was a sharp bounce since we visited this since the last time.

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Technical AnalysisBy sharptrader

ديسمبر172015

EUR/USD- Trading below its downward trend line

The EUR/USD pair is trading below its downward trend line on 4 hour time frame. the price has broken its upward trend line and this confirms that the trend is towards the downside. As long as the price is unable to break this downward trend line, the bias remains towards the downside. Volatility has returned to its normal level as it is trading within the Bollinger band.

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Technical AnalysisBy sharptrader