التحليلات الفنية

GBP/USD- approaching towards a major resistance; will you short?

The GBP/USD fell from its resistance zone (minor) on a 30 minute time frame as predicted yesterday. However, the pair has broken this resistance level today and it is heading towards its next major resistance level which could have a strong potential to stop this upward move. The pair is also trading above the 50 day (shown in green) and below 100 day (shown in yellow) moving averages which confirm that the bulls have strong control of the price.

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Technical AnalysisBy sharptrader

GBP/USD- Further Upward move could continue

The GBP/USD is trading in an upward channel on a 30 minute time frame. The pair is also trading above the 50 day (shown in green) but below 100 day (shown in yellow) moving averages which confirm that the bulls are still in control. If the price breaks the 100 day moving average towards the upside, this could be another bullish sign. The volatility for the pair remains low as the price is trading within the Bollinger band.

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Technical AnalysisBy sharptrader

EUR/USD- Fell from its resistance as Predicted- What now?

The EUR/USD fell from its resistance level on a 30 minute time frame as predicted. This resistance level was given in our analysis yesterday. The pair has found a support near the 20 day moving average which also lines up with the Fibonacci’s 61.8% retracement level however, the main support area could be near the 1.3497 mark which is mentioned below.

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Technical AnalysisBy sharptrader

USD/JPY- Uptrend still strong

The USD/JPY is trading above its upward trend line on a 30 minute time frame. The price is trading near the 20 day moving average which means that the volatility for the pair is low. The pair is also trading above the 50 day (shown in green) and the 100 day (shown in yellow) moving averages which is a further confirmation that the uptrend is still strong.

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Technical AnalysisBy sharptrader

EUR/USD- Could bounce from its support

The EUR/USD is trading near the support zone 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 resistance because this could reverse or pause the current trend.

However, the EUR/USD has broken its upward trend line which shows that the upward is no longer in play. The RSI is also trading inline with the price action which confirms that the bias could be to

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Technical AnalysisBy sharptrader

USD/JPY – Technical Analysis

The USDJPY pair is trading above its upward trend line since it has bounced from its support zone (mentioned below) on a 60 minute time frame. The pair is also trading in an upward channel and has not violated this channel which further confirms that the upward trend is intact.

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Technical AnalysisBy sharptrader