التحليلات الفنية

Crude Oil- Maintaining its downward trend

Crude oil is trading in a sideway pattern on a 30 minute time frame. The price is mostly consolidating between the low of 53.98 and the high of 58.97. The volatility for the price has dropped substantially as it is trading between the Bollinger band and close enough to its 20 day moving average. The…

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Technical AnalysisBy sharptrader

EUR/GBP- Near its support zone, will you trade?

The EUR/GBP pair is trading in a rectangular pattern on a 4 hour time frame. This confirms that we do not have any confirmation of the trend and the most of the price movement is between the 0.8041 and 0.7766 zone. We do have a little piercing of the Bollinger band however, there is no …

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Technical AnalysisBy sharptrader

USD/JPY- Upward Momentum is Strong

The USD/JPY pair is trading above its upward trend line on a 60 minute timeframe. This confirms that the downward trend is no longer in play and the prize is trading in an upward trend.The price has also formed a complex reverse head and shoulder pattern. It is trading near its neck line and a break…

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Technical AnalysisBy sharptrader

GBP- Fundamental VS Technicals

Fundamentals The UK data was extremely encouraging for the UK economy especially, the average wage growth was astonishing. The average earnings index cam in at 1.4% while the forecast was at 1.3%. The claimant count change also fell sharply with the final reading of -26.9K and the previous reading was at -20.4. This represents that…

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Technical AnalysisBy sharptrader

GBP/USD- Under sharp selling pressure

The GBP/USD pair has broken its upward trend line on a 30 minute time frame. The pair has also formed an ascending triangle pattern which usually breaks in the direction of the trend i.e towards the upside. However, what we have is that the pair has broken towards the downside, therefore, we could ignore this…

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Technical AnalysisBy sharptrader

CAC40- Under Selling pressure, Will you trade?

The CAC 40 index is trading below the downward trend line on a daily time frame. This shows that as long as the price is trading below this trend line, the trend remains towards the downside. The perfect definition of a down trend. The volatility for the index is not high because, it has not…

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Technical AnalysisBy sharptrader