التحليلات الفنية

GBP/USD-Resistance adding selling pressure

The GBP/USD fell short of a few pips from its resistance level before it changed its direction on a 60 minute time frame. The price trend is moving in a rectangular pattern which means we do not have any clear trend in a short term, however it is still trading above the upward trend line.…

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Technical AnalysisBy sharptrader

Deutsche bounced from its long term support

Deutsche Bank has bounced from its minor support (mentioned below) on a daily time frame. The price also pierced the Bollinger band at this level. The piercing of the Bollinger and does have significant importance when this takes at an important level of support or resistance as it has the ability to reverse the direction…

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Technical AnalysisBy sharptrader

HSBC- The downward trend continues

HSBC has bounced from its minor support (mentioned below) on a daily time frame. The support zone was consisting of two levels which we call in technical terms level on top of level. In this scenario, it may be always the best option to execute small portion of trade on the first level and then…

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Technical AnalysisBy sharptrader

Vodafone bounced from its support

Vodafone has bounced from its support on daily time frame. The price has filled in the previous gap and there was also a piercing of the Bollinger band there. The piercing of the Bollinger band does have a significant importance when this takes place at an important level of support or resistance. The support zones…

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Technical AnalysisBy sharptrader

USD/JPY- Downward trend still intact

The USD/JPY pair is trading below the downward trend line on a 60 minute time frame. This represents that the bears are still in control of the price and the bias remains towards the downside. The price is also trading near the 50day (shown in red) and the 100 day (shown in yellow) moving average…

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Technical AnalysisBy sharptrader

GBP/USD- uptrend is still intact but losing its steam

The GBP/USD has broken out of its symmetrical triangle pattern and has completed its projection on a 60 minute time frame. The price is also trading above the upward trend line and has not broken this line so far and this shows that the uptrend is very much intact. However, the price is also trading…

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Technical AnalysisBy sharptrader