التحليلات الفنية

EUR/USD- Bounced from its Support from our Identified level

The EUR/USD has moved back up from its support zone on a 60 minute time frame. We Identified this support zone in our analysis last week. The trade is in profit of over 53 pips while the risk was 32 which gives us a ratio of 1.65. However, it is important to emphasize that much…

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Technical AnalysisBy sharptrader

GBP/USD- Fell from its resistance zone

The GBP/USD fell from its resistance zone (minor- mentioned below) on a 60 minute time frame. The price has formed a double top which is a bearish pattern and it has more significance when this takes place in a resistance zone. We are also trading in a downward channel which is another bearish sign for…

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Technical AnalysisBy sharptrader

Apple- Bullish pattern predicting further upward move

Apple is trading in a rectangle pattern on a 4 hour time frame which means that we do not have any clear trend for the price unless we breaks out of this pattern. However, we do have the ascending triangle formed within this pattern which is a bullish pattern and most of the time…

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Technical AnalysisBy sharptrader

USD/JPY- trading in an upward channel

The USD/JPY is trading in an upward channel on a 60 minute time frame. If the price breaks this upward channel, then the lower line of this channel will become the resistance for the pair. The price has pierced the Bollinger band which represents an increase in the volatility for the price. The piercing of…

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Technical AnalysisBy sharptrader

EUR/USD- In a Support zone, will you trade?

The EUR/USD is trading back in a minor support zone (mentioned below) a 60 minute time frame. The price is trading below the downward trending line which mean that the bias could be to the downside. It is has also formed a descending triangle pattern and if the price breaks out of this pattern we…

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Technical AnalysisBy sharptrader