التحليلات الفنية

Copper- Fundamental and Technical Ana

Fundamental

Copper is trading in an extremely tight range as investors are focused towards Washington and wondering if the politicians can finally understand the urgency of resolving this political gridlock which has once again called for deja vue. The rating agency, Fitch, has put the biggest economy of the world, U.S on a negative watch due to illiterate attitude which politicians are using to resolve the debt ceiling and the government shutdown dispute

اقرأ المزيد

Technical AnalysisBy sharptrader

GBP/USD- Symmetrical Triangle pattern formed – will you trade

Focus: the resistance at 1.6051 remain in focus as a major obstacle and the pair needs to break this resistance to confirm further upward trend. The immediate support is near the 1.5891 zone.

Strategy in Play:

The GBP/USD is trading in a symmetrical triangle on a 30 minute time frame. If the price breaks this pattern to the upside, we could see the price near the 1.6069 level. Moreover, the price is trading above the 50 day (shown in green) and the 100 day (shown in yellow) moving average which confirms that the bulls are in strong control.

The RSI is trading in-line with the price action which means that the bias could be to the upside.

اقرأ المزيد

Technical AnalysisBy sharptrader

COPPER- Fundamental And Technical Analysis

Fundamental

Uncertainty over the US political deadlock is heavily influencing the demand for Copper which is under constant punishing pressure. One would think that there could have been a possible resolution between the Democrats and the Republican, but obviously given the circumstances, it seems a very naïve and optimistic hope and the result of this is gruelling the commodity market.

Unquestionably, the politicians in Washington need to stop playing this rotten game with the markets and stop testing the exhaustion level of traders. The budget talks which are heading towards the final chapter of this long drawn out saga could even fail in this phase as well, as there are still tensions between the Democrats and the Republicans over the sequester cuts.

اقرأ المزيد

Technical AnalysisBy sharptrader

GBPJPY- Upward move could continue

The GBP/JPY pair is trading above the upward trend line on a 4 hour time frame. The volatility for the pair is high as it has pierced the Bollinger band and it is also trading well above its 20 day moving average.

اقرأ المزيد

Technical AnalysisBy sharptrader

USD/JPY – Fell from its resistance as predicted- What Now?

Strategy in Play:

The USD/JPY fell from its resistance on a 30 minute time frame as predicted. The resistance zone was given in our analysis on 8^th of October. However, the price is trading above the 50 day (shown in green) and the 100 day (shown in yellow) moving averages which means that the bulls are in control. Moreover, the pair is also trading well below the upward trend line which further confirms that the above argument.

اقرأ المزيد

Technical AnalysisBy sharptrader

GBP/USD- In a support zone – will you trade

Focus: the resistance at 1.6175 remain in focus as a major obstacle and the pair needs to break this resistance to confirm further upward trend. The immediate support is near the 1.5955 zone.

Strategy in Play:

The GBP/USD is trading in a support zone on a 30 minute time frame. The pair has also broken its wedge pattern on the same time frame with a gap towards the downside. If this pattern does play out completely then we could easily see the price near the major support area.

اقرأ المزيد

Technical AnalysisBy sharptrader