التحليلات الفنية

USD/JPY- Fell from Our Identified zone, 162 pips profit

The USD/JPY pair fell from Our Identified resistance zone (mentioned below) on a 4 hour time frame. The touched the resistance zone of 125.29 -125.83 which represents a stop loss of 68 pips and moved lower all the down to 123.71- representing an opportunity of 162 pips approximaltely. This is more than 2:1 ratio which…

اقرأ المزيد

Technical AnalysisBy sharptrader

EUR/USD- Building its upward momentum

The EUR/USD has broken its downward channel on a 4 hour time frame pattern. The price has moved towards the upside and initially this move was capped by the resistance zone mentioned below. The resistance zone pushed the price lower all the way to 1.1071 where it was pushed back up by the 20 day…

اقرأ المزيد

Technical AnalysisBy sharptrader

Gold- Trading in an upward Channel

Gold is trading in an upward channel pattern on a 60 minute time frame. The price has bounced nicely back up three times times every time it has touched the lower line of this channel confirming that traders are willing to buy at any pull backs and as long as this trend continues, the bias…

اقرأ المزيد

Technical AnalysisBy sharptrader

Crude Oil – Downward wedge formed

Crude oil is trading below its downward trend line on a 4 hour time frame. The price is also trading in a downward wedge pattern and as along as the price is trading within this wedge, we expect the price to continue its downward trend. The volatility for oil has eased off as the price…

اقرأ المزيد

Technical AnalysisBy sharptrader

USD/JPY- Symmetrical triangle projects 128 target

The USD/JPY pair is trading above its upward trend line on a 4 hour time frame. The price has broken its symmetrical triangle pattern towards the upside. The projection if completed, could easily push the price near the 128 mark. However the symmetrical triangle patterns are ranked towards the bottom due to their reliable pattern…

اقرأ المزيد

Technical AnalysisBy sharptrader

DJ30 is melting under the selling pressure

The DJ30 is trading below the downward trend line on a daily time frame. This confirms that the trend is towards the downside. However, the price has been trading in a very much range based since March this year. Although, the next support is at 16958, nonetheless, the price has been there before a few…

اقرأ المزيد

Technical AnalysisBy sharptrader