EUR/USD- Fundamental Vs Technical Analysis

Fundamental Analysis

EUR/USD- Can Germany approve an anther bailout for Greece

Chancellor Angela Merkel who is fighting for a third term is facing an extremely challenging situation during her campaign. One thing is certain that German people are not agreeing to keep providing the support for Greece. Bernit Coure , the ECB’s board member, has confirmed earlier this week that Greece could need another two more bailout payment to keep the country float. Regardless of who wins the election in Germany, approving of another bailout package for Greece could be tremendously problematic.

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Technical AnalysisBy sharptrader

GBP/USD- Price fell from its resistance again as predicted- What Now

The GBP/USD pair fell from its resistance zone on a 30 minute time frame as predicted. This resistance zone was given in our analysis on the 10^th of September. The pair has broken its upward channel to the upside. Moreover, the pair is also trading above the 50 day (shown in green) and 100 day (shown in yellow) moving averages which confirm that the bulls are in strong control.

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Technical AnalysisBy sharptrader

Apple- Technical Analysis is pointing for a downward pressure

Apple fell from its resistance zone on a 30 minute time frame. This resistance zone does have significant importance as there was a huge imbalance in the price and hence it fell sharply with a gap down from this zone. Apple is also trading in a bearish wedge pattern which by the yellow lines and its shows that the price may break this wedge to the downside, as there is more consolidation of price near the bottom line of this wedge. Moreover, the price has already broken the upward trend line, which further confirms that the bias could be to the downside.

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Technical AnalysisBy sharptrader

USD/JPY- Back in resistance zone again

The USD/JPY pair fell from its resistance zone on a 30 minute time frame as predicted. However, the price is revisiting this zone once again, and this is the third time the price is coming back to this level. This simply confirms that the bulls are in control, and this resistance may no longer hold anymore and the price may be able to trade through this zone. Moreover, the price is trading above the 50 day (shown in green) but above the 100 day (shown in yellow) moving averages which is a further confirmation of the above argument.

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Technical AnalysisBy sharptrader

GBP/USD- Price fell from its resistance as predicted- What Now

The GBP/USD pair fell from its resistance zone on a 30 minute time frame as predicted. This resistance zone was given in our analysis on the 5^th of September. However, the price is trading above its upward trend line which means that the upward trend is still intact. Moreover, the pair is also trading above the 50 day (shown in green) but above 100 day (shown in yellow) moving averages which confirm that the bulls are still in control.

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Technical AnalysisBy sharptrader

EUR/USD – Fundamental Vs Technical Analysis

Fundamental EUR/USD – ‘What ever it takes’ message may continue

Mr Mario Draghi may play the same drum once again today so that that the market gets the sound which it received back in August. There is no doubt that the biggest economy of the Europe- Germany is showing a strong growth rate with a strong possibility of the spill over effects, but the peripheral countries are still not strong enough still to make them stand on their own feet yet, which leaves Draghi to keep believing the market that the ECB will certainly still stand by their phrase of ‘Whatever it takes’. I would say that the main challenge for the ECB is the forward guidance because we do certainly have some growth in the ECB but it’s the ECB pledge to keep the interest rate down for the extended period of time which could be challenging.

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Technical AnalysisBy sharptrader