التحليلات الفنية

GBP/USD-Bounced from OUR identified support zone (2:1 reward to risk ratio)

The GBP/USD bounced from its trade zone of (1.6820-1.68) on a 60 minute time frame from OUR Identified level. The support zone was given in our analysis yesterday. In terms of risk to reward ratio, the price moved more than 2:1 which means that at one point, you had twice the profit as compared to…

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Technical AnalysisBy sharptrader

GBP/USD-In a Support Zone, Will you trade?

The GBP/USD is trading in a support zone (1.6820-1.68) on a 60 minute time frame. The volatility for the pair is low as it is trading within the Bollinger band and it is also trading close enough to its 20 day moving average. The pair is also trading below the downward trend line and as…

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Technical AnalysisBy sharptrader

USD/JPY- Bullish pressure fading

The USD/JPY pair is trading above its upward trend line on a 60 minute time frame. The price is trading above the 100 day (shown in red) but below 50 day (shown in green) which means that the bulls are losing their grip. Having said that, the price is still trading above its both upward…

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Technical AnalysisBy sharptrader

EUR/USD- Bounced from its support, What now?

The EUR/USD has bounced from its support zone on a 60 minute time frame. The price has also broken its downward trend line which shows that the current downward trend line is weakening, however, we still have another downward trend line and a break of that will confirm that the bullish pressure is strong. The…

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Technical AnalysisBy sharptrader

AUD/USD- Selling pressure may continue

The AUD/USD pair is trading its downward trend line on a 60 minute time frame. The price pierced the Bollinger band previously, but it has moved back in the band and close to its 20 day moving average which means that the volatility is low. The pair is also trading below the 50day (shown in…

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Technical AnalysisBy sharptrader

USD/JPY- Upward momentum strong

The USD/JPY pair is trading above its upward trend line on a 60 minute time frame. The price is trading below the 100 day (shown in red) and 50 day (shown in green) which clearly represents that the trend is towards the upside and the bulls are in control of the price. The price…

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Technical AnalysisBy sharptrader