Technische Analyse | Sharp Trader

Jan42016

FTSE 100- Trading in a Symmetrical Triangle Pattern

The FTSE 100 index is trading in a symmetrical triangle pattern on 4 hour time frame. Although, these patterns are ranked towards the bottom due to their unreliability, however they usually break in the direction of the trend. As the price is trading above the 50 and 100 day (showing yellow and red) moving averages, this confirms that the trend is toward the upside. As long as the price is trading these averages the bias remains towards the upside.

Technical AnalysisBy sharptrader

Jan42016

Crude Oil- Technical Analysis

WTI is trading below the downward trend line on an intrude day time frame (4 hour). This confirms that the trend is towards the downside however, the price is above the 50 and 100 day moving averages (shown in yellow and red – respectively) which for many traders are considered as a sign of bullishness.

Technical AnalysisBy sharptrader

Jan42016

USD/CAD- Upward trend fading

The USD/CAD pair is trading above its upward trend line on a daily time frame. we two upward trend line, one has a steeper angle than the other. However, the price is trading above both of the lines and this means that the uptrend is strong. The price has broken its 50 day (shown in yellow) moving average and this represents some weakness for the price. Nonetheless, we are still trading above the 100 day (shown in red) moving average.

Technical AnalysisBy sharptrader

Jan42016

CAC40 – Above its upward trend line, will you trade?

The CAC 40 index is trading above its upward trend line on a 30 minute time frame. The price is also trading above its 50 day moving average (shown in yellow) which is also behaving as a support. If the price breaks below the 50 day moving average it will confirm that the upward trend is losing its steam and a break of 100 day moving average (which is shown in red colour) will confirm that the bears have full control of the price and the bias is towards the downside.

Technical AnalysisBy sharptrader

Jan42016

Copper- Technical Analysis

Copper is consolidating mostly on intraday time frame and volume is very thin as expected due to a holiday period. The only interesting element is the unemployment claims data for the US, which is due later in the day and this could move the dollar. This reflects some volatility for the metal. However, we are not expecting any major moves.

Technical AnalysisBy sharptrader

Jan42016

Gold- Upward momentum is building

The precious metal is trading below its downward trend line on a 4 hour time frame. This confirms that the trend is towards the downside. However, it is important to note that the price is challenging this line and a break of this line towards the upside will confirm that the downward trend is no longer in play.

Technical AnalysisBy sharptrader