التحليلات الفنية

AUD/NZD- Selling pressure continues

The AUDNZD pair has formed a double top on a 4 hour time frame. The double top is considered as a strong reversal signal when this takes place at an important level of support or resistance. The pair is trading firmly below the downward trend line which means that the bulls are losing their control and only a…

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Technical AnalysisBy sharptrader

Crude above $100 mark, What now?

Crude oil is trading above its upward trend line on a 4 hour time frame. The price has broken its major resistance of $100 mark and the next resistance is at 102.88. The price has also completed its reverse head and shoulder pattern on the same time frame and is about to break out of…

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Technical AnalysisBy sharptrader

USD/JPY- trading in a symmetrical triangle pattern

The USD/JPY is trading in a symmetrical triangle on a 60 minute time frame. These patterns do not have a good track record, however, they usually break in the direction of the trend. The general trend is side way for the pair which makes it more difficult to predict the break out however, the price…

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Technical AnalysisBy sharptrader

GBP/USD- Downward pressure continues

The GBP/USD is trading below the downward trend line on a 60 minute time frame. The price is trading well below the 50day (shown in green) and 100 day (shown in yellow) moving average, which means that the bears are in strong control of the price. The CCI and the RSI indicators are showing early…

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Technical AnalysisBy sharptrader

USD/JPY- Near the Resistance level

The USD/JPY has bounced strongly up from its support zone on a 60 minute time frame. Interestingly, the price is also finding a resistance exactly at the same level where we have seen a sharp sell off. The pair is trading above the 50day (shown in green) and the 100 day (shown in yellow)…

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Technical AnalysisBy sharptrader