التحليلات الفنية

USD/JPY- Price still looking bullish

The USD/JPY has broken its downward trend line and it is trading above its upward trend line on a 60 minute time frame. The ADX indicator (shown by the dark green colour) is showing that the market is trending and it is also near the extreme zone and this translates a pause in the current trend. The RSI indicator…

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Technical AnalysisBy sharptrader

GBP/USD- Formed Symmetrical triangle

The GBP/USD has broken its symmetrical triangle pattern on a 60 minute time frame. The pattern usually breaks in the direction of the previous trend and in this case it was to the downside. The price is trading below the 50 day (shown in green) and 100 day (shown in yellow) moving average which means…

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Technical AnalysisBy sharptrader

GBP/USD- Bounced from its support zone, what now?

The GBP/USD has bounced from its support on a 60 minute time frame. The price pierced the Bollinger band at that point and this signifies the importance of the piercing of the Bollinger band at an important level of support or resistance zone. However, such a trade is usually only a small correction and short…

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Technical AnalysisBy sharptrader

Apple may see a correction soon

Apple stock is trading above its upward trend line on a daily time frame. The price is trading in an uptrend and the bulls are in control of the price action as it is trading above the 100 day (shown in red) and 50 day (shown in yellow) moving average. However, it is important to…

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Technical AnalysisBy sharptrader

Barclays trading in a downward channel

Barclays bank is stil trading in a downward channel on a daily time frame. The downward channel is a bearish pattern and as long as the price is trading with in this channel the bias is always towards the downside. The price volatility for the stock is low as it is trading near enough to…

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Technical AnalysisBy sharptrader

Gold Under pressure once again, Will you short?

The precious metal is under pressure this morning once again on a 4 hour time frame. The price is trading below the 1300 level which is an important level if the price wants to continue its move upward because of the psychological reason. The metal has pierced the Bollinger band and the volatility is high…

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Technical AnalysisBy sharptrader