التحليلات الفنية

EUR/USD- Ascending triangle formed, will you trade?

The EUR/USD is trading near the resistance zone of 1.3661-1.3682 on a 60 minute time frame. The symmetrical triangle pattern did not work however, we have formed another ascending triangle pattern which is shown by the yellow lines. If the price does breakout towards the upside which they usually do for this kind of pattern,…

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Technical AnalysisBy sharptrader

Barclays- selling pressure may continue

Barclays is under tremendous pressure after another lawsuit against the firm. This has increased the volatility for the stock on the daily time frame as it has pierced the Bollinger band. The piercing of the Bollinger band only has much of an importance when this takes place at a significant level of support or resistance…

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Technical AnalysisBy sharptrader

GBP/USD- Completed its symmetrical triangle pattern and another one just formed

The GBP/USD has completed its symmetrical triangle pattern (shown in purple) on a 30 minute time frame. The price has also formed another symmetrical triangle pattern which is shown by yellow lines. The projections of this pattern is much better when the breakout takes place during the ¾ of the pattern. Nevertheless, these patterns do…

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Technical AnalysisBy sharptrader

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

The EUR/USD is trading in a symmetrical triangle pattern on a 60 minute time frame. Statistically speaking, the better projections of these patterns emerge when the price breaks out of this triangle during the ¾ of the pattern. Symmetrical triangle patterns are the least loved patterns by the traders because of their lack in their…

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Technical AnalysisBy sharptrader

USD/JPY- No clear trend for the price

The USD/JPY pair is trading below the downward trend line on a 60 minute time frame. This represents that the bears are pretty much in control of the price. The pair is struggling to break the 50 day (shown in green) and the 100 day (shown in red) moving average and as long as the…

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Technical AnalysisBy sharptrader

GBP/USD- Further upward move could be on the cards

The GBP/USD is trading in a symmetrical triangle pattern on a 30 minute time frame. These patterns are the weakest patterns in terms of their validity and their price projection. However, statistically speaking, they do break in the direction of the trend which in this case could be towards to the upside. The price is…

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Technical AnalysisBy sharptrader