التحليلات الفنية

EUR/USD- Price challenging the downward channel to the upside, Will you trade?

The EUR/USD pair is trading in a downward channel on a 30 minute time frame. The price is challenging the upper line of the channel which means that the bulls are trying to break this channel towards the upside. Moreover, the price is trading above the 50 day (shown in green) and 100day (shown in yellow) moving averages which further confirms that the bulls have taken the control and there is a change in momentum from the bears to the bulls.

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Technical AnalysisBy sharptrader

GBP/USD- Price has just broken the descending triangle pattern

The GBP/USD pair has broken its descending triangle on a 30 minute time frame. If this pattern does play out completely, then it could easily push the price toward the 1.4919 level which is also close to its minor support zone (mentioned below).

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Technical AnalysisBy sharptrader

USD/JPY –Upward trend could continue based on bullish pattern

The USD/JPY pair has formed a symmetrical triangle pattern on a 30 minute time frame. If this pattern does break out towards the upside it could easily push the price towards the yellow rectangle shown on the chart. Historically speaking, symmetrical triangles do break towards the upside in an upward trend. However, if this does break towards the downside, then the price could go towards the pink rectangle shown on the chart.

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Technical AnalysisBy sharptrader

EUR/USD- Forming a bullish pattern, Will you trade?

The EUR/USD pair has formed a symmetrical triangle pattern on a 30 minute time frame. If this pattern does break out towards the upside it could easily push the price towards the yellow rectangle shown on the chart. Historically speaking, symmetrical triangles do break towards the upside in a upward trend. However, if this does break towards the downside, then the price could go towards the pink rectangle shown on the chart.

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Technical AnalysisBy sharptrader

GBP/USD- Bullish flag Pattern has formed, Will You Buy

The GBP/USD pair is forming a bullish flag pattern on a 30 minute time frame. If the price breaks this pattern then it could easily move towards its next major resistance level (mentioned below). The pair is trading above the 50 day (shown in green) and 100day (shown in yellow) which means that the bulls are in control and therefore, there are more odds stacked in favour of breaking this flag pattern.

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Technical AnalysisBy sharptrader

USD/JPY – Technical Analysis

The USD/JPY pair is forming a double top on a 30 minute time frame. Double tops are bearish pattern and they do have a significant importance at or near the support or resistance zones. If the price does respect this pattern then we could see the price moving back down towards the minor support zone (mentioned below).

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Technical AnalysisBy sharptrader