التحليلات الفنية

USD/JPY- Downward move may continue

The USD/JPY has found some support near the minor support area on a 30 minute time frame. However, the price is still trading well below the 50day (shown in green) and the 100 day (shown in yellow) moving average which means that the bias could still be to the downside. The volatility for the…

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Technical AnalysisBy sharptrader

GBP/USD- Huge selling pressure, but a reversal could happen

The GBP/USD is under tremendous selling pressure on a 30 minute time frame. The pair has pierced the Bollinger band at this level which means that the volatility for the pair is high. The piercing of the Bollinger band does have a significant importance when this takes place at an important level of support or…

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Technical AnalysisBy sharptrader

GBP/USD- Price in a resistance zone, a break out could happen

The GBP/USD is consolidating in a resistance zone on a 30 minute time frame. The odds are that the pair may be able to break out of this resistance zone because it has eaten up most of the supply. Moreover, the price is trading above the 50day (shown in green) and the 100 day…

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Technical AnalysisBy sharptrader

USD/JPY- Symmetrical Triangle broken to the upside

The USD/JPY has broken out of a symmetrical triangle to the upside on a 30 minute time frame. The projection of this could easily push the price towards the major resistance level which is mentioned below. The price is also trading above the 50day (shown in green) and 100 day (shown in yellow)…

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Technical AnalysisBy sharptrader

GBP/USD- Technical Analysis

The GBP/USD is trading below the downward trend line on a 30 minute time frame. However, the pair is challenging this downward trend line and there is a strong possibility that the price may be able to break this resistance because it is trading above the 50day (shown in green) and the 100 day…

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Technical AnalysisBy sharptrader

EUR/USD- Broken its upward channel; what now?

The EUR/USD pair has broken its upward channel on a 4 hour time frame. The volatility for the pair is extremely high as the price is trading far enough from its 20day moving average. This means that the corrective move could be on the card and the sell off may catch its breath first…

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Technical AnalysisBy sharptrader