التحليلات الفنية

EURUSD- Downward Trend line Broken- What Now

The EURUSD pair has clearly broken its downward trend line on a 30 minute time frame which suggests the bullishness for the pair. The price is also trading above the 50 day (shown in green) and 100 day (shown in yellow) moving averages which further strengthen the above argument. The volatility for the pair is low, as the price is trading close to its 20 day moving average. However, the RSI is trading in line with the price action which means bias could be towards the downside.

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Technical AnalysisBy sharptrader

Crude Oil- Technical Analysis

Crude oil bounced back from its upward trend line on a 30 minute time frame and confirmed that the uptrend is still intact. The price action is trading at its 50 day (shown in green colour) moving average but still below its 100 day moving average. This suggests that there is still a weakness for Crude and the price action is not very strong towards the upside.

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Technical AnalysisBy sharptrader

USD/JPY- Bull VS Bear Scenario

Bear Scenario

The USD/JPY seems like forming a Head and Shoulder pattern on a 30 minute time frame. If the price does break the neck line of this H&S should pattern, then we could see the price near its minor support zone (110.65-100.46). Moreover, the price action has also broken its upward rising channel which suggests that the price is weakening. Finally, the RSI is showing a very clear sign of deflection between the price action and the RSI, which suggests that the strong bias could be towards the downside.

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Technical AnalysisBy sharptrader

EURUSD- Technical Analysis

The EURUSD pair is trading below its downward trend and its 50 day (shown in green) and 100 day (shown in yellow) moving averages on a 30 minute time frame. The price action has violated its minor support zone (mentioned below) which is no longer valid. The volatility for the pair remains low as the price is trading within the Bollinger band and close to its 20 day moving average.

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Technical AnalysisBy sharptrader

Gold near its Support Zone- Will you BUY!

The precious metal has finally broken its side way pattern on a 30 minute time frame and it is near its minor support zone which was given in our analysis on 3rd of May. The price is also piercing the Bollinger band and it is far enough from its 20 day moving average. The piercing of a Bollinger band only has importance at or near support or resistance level, and in this scenario, this is taking place near its minor support zone. This suggests that the price could take a breather or reverse a trend at this zone.

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Technical AnalysisBy sharptrader

GBPUSD- In a Support zone- Will You buy it!

The GBPUSD pair is trading within its minor support zone on a 30 minute time frame. This support zone was given in our analysis yesterday. The price is trading well below the 100 day (shown in yellow) and the 50 day (shown in green) moving averages. The volatility for the pair is also increasing as the price is piercing the Bollinger band, and this piercing of a Bollinger band is also taking place at a support zone. The RSI has shown a clear sign of deflection in relation to the price which means bias could be towards the upside.

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Technical AnalysisBy sharptrader