التحليلات الفنية

Gold- A bearish pattern formed

The precious metal is trading below its downward trend line on daily time frame. The price has formed a descending triangle pattern and this articulate that the bears are in constant battle with bulls to push the price lower. If the pattern breaks towards the downside, we could see the price well below the 1140…

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Technical AnalysisBy sharptrader

EURO upward momentum losing its steam

The EUR/USD has been making higher highs since it has retested its low 1.0458 and now the traders want to know if we have formed a bottom and the path of least resistance is towards the upside. Certainly not, for this downward trend to change, we need to see two important shifts. Firstly, the ECB…

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Technical AnalysisBy sharptrader

GBP/USD- Selling pressure continues

The GBP/USD is trading below the downward trend line on a 30 minute time frame. This represents that the trend is towards the downside. The price is also trading below the 50 day and the 100 day moving average shown in yellow and in red colour, respectively. This reflects that the bears are in control…

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Technical AnalysisBy sharptrader

GBP/USD- Fundamental Vs Technical Analysis

Fundamental Analysis UK PMI data was well below the estimates and this is going to play in the election story. So overall, we have very weak economic data for the UK from GDP to PMI and all this creates more trouble for Mr Cameron. The GBP/USD is under immense pressure after the data and we…

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Technical AnalysisBy sharptrader

Bank of America: A symmetrical triangle formed

Bank of America’s stock price is trading in a downward trend on daily time frame. The price has formed a symmetrical triangle pattern. These patterns are usually ranked toward the bottom of raking chart because they usually do not complete their full projections. The direction of this pattern mostly breaks in the direction of the…

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Technical AnalysisBy sharptrader

Bitcoin mini showing bearish sings

The Bitcoin mini futures are trading above their upward trend line on a 30 minute time frame. The price has also formed a downward triangle pattern which reflects that the downward pressure is taking in control of the price however, price need to break out of this pattern and towards the downside before we can…

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Technical AnalysisBy sharptrader