التحليلات الفنية

EUR/GBP- Breaking out of a triangle pattern- upside on cards?

The EUR/ GBP pair is trading below the downward trend line on a 60 minute time frame. This confirms that the trend is towards the downside and the price has long way to go before it can challenge this trend line. The pair has also formed a symmetrical triangle pattern, which in a downward trend,…

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Technical AnalysisBy sharptrader

Crude- Another bearish pattern formed

Crude oil has formed another bearish pattern on a 60 minute time frame. The price has formed a descending triangle and they usually break towards the downside and if we do the price projection of this triangle, we could see the price moving towards the 37 level. The volatility for the price is low as…

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Technical AnalysisBy sharptrader

EUR/GBP- Bounced from its support

The EUR/GBP has bounced from its support zone which is driven from the weekly time time frame. The price is still trading below the downward trend line on a 30 minute time frame and this means that the trend is towards the downside. The pair is trading below the 50 day and the 100 day…

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Technical AnalysisBy sharptrader

USD/JPY- Upward momentum is strong

The USD/JPY has broken it’s down channel on a 4 time frame. The pair is still trading above its upwards trend line which means that bias remains towards the upside. The price has also formed a double a top however the momentum indicators are not showing any weakness for the price. The MACD and the RSI…

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Technical AnalysisBy sharptrader

GBP/USD- Maintaining its downward trend

The GBP/USD pair is trading below the downward trend line on a daily time frame. This confirms that the trend is towards the downside. As long as the price is trading below the downward trend line, the trend remains intact. Having said that, the price is forming a reversal double bottom pattern near the support…

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Technical AnalysisBy sharptrader

EUR/USD- Fundamental vs Technical

Fundamental Analysis The German Zew data released today was extremely strong and it has confirmed that Germany will do what ever it takes to cave the president of the ECB not only thursday but also in the future. If the ECB does disappoint on thursday by not providing full details of the purchase plan or…

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Technical AnalysisBy sharptrader