التحليلات الفنية

Coffee still under selling pressure

Coffee is trading below the downward trend line on a 60 minute time frame. The commodity had a false breakout when it broke its first downward trend line and failed to break its minor resistance. The trading of the price below the downward trend line certainly confirms the downward trend is intact and unless we…

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Technical AnalysisBy sharptrader

GBP/USD-Selling pressure could pause soon

The GBP/USD pair has broken its upward trend line on a 60 minute time frame. This confirms that the uptrend is in a correction mode and there is a weakness in the price.The price is also trading in a downward wedge and as long as the price is trading within this wedge, the bias stays…

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Technical AnalysisBy sharptrader

EUR/USD- A symmetrical triangle formed, will you trade?

The EUR/USD has formed a symmetrical triangle pattern on a 60 minute time frame as predicted. The upward move in the price is currently capped by the downward trend line of this triangle. The projections of the symmetrical triangles predominantly depend on the direction of the previous trend. Having said that, we do not have…

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Technical AnalysisBy sharptrader

GBP/AUD- Bullish pressure is building up

GB/PAUD pair has broken its downward trend line on a 60 minute time frame. This represents that the downtrend is no longer valid and the price has changed its direction which is to the upside. Moreover, the price is trading above the 50 day and the 100 day moving average which means that the bulls…

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Technical AnalysisBy sharptrader

TWITTER- Selling pressure could fade soon

Twitter has broken its upward trend line on a 60 minute time frame. This represents that the uptrend is no longer valid and the bulls are in control of the price. The price is still far enough from its meaningful support zone (minor support zone mentioned below) and this could continue the selling pressure for…

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Technical AnalysisBy sharptrader

USD/JPY- Fell from our identified resistance level- 3:1 ratio.

The USD/JPY fell from our identified level of resistance (mentioned below) on a 60 minute time. The resistance level was given in our analysis on the 2nd of July . Putting this in perspective, the risk to reward ratio at the time of writing is close enough to 3:1 ratio, which is a great ratio…

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Technical AnalysisBy sharptrader