Technische Analyse | Sharp Trader

EUR/USD picking up its strength

The EUR/USD has broken its upward wedge pattern on a 4 hour time frame. The price has completed its projection and the minor resistance (mentioned below) became the headwind for any further upside move. The price is trading close to its 20 day moving average and within the Bollinger band and this confirms that the…

Technical AnalysisBy sharptrader

Gold- Fundamental Vs Technical Analysis

Fundamental Analysis The precious metal is moving towards the upside because of the anxiety that traders are suffering over the decision taken by Bejing. The Chinese government wants to reverse its action of supporting the stock market through their purchase. This has triggered a sell off over in China and Europe and traders are hedging…

Technical AnalysisBy sharptrader

GBP/USD – Extremely oversold and trend could change

The GBP/USD pair is trading below is downward trend line on a four hour time frame. The pair has also pierced the Bollinger band and it is trading away from its 20 day moving average. This shows that the volatility is extremely high. The piercing of the Bollinger band has only significant importance when this…

Technical AnalysisBy sharptrader

DAX30 Pointing for more correction

The DAX30 index has broken its downward channel pattern on a 4 hour time frame. The projection of this pattern could easily push the price towards the minor support zone which is mentioned below. Although, the price was very close to touch that level before it bounced back up but the sell off has continued…

Technical AnalysisBy sharptrader

Russell2000- Bounced sharply back up, but could be dead cat bounce

The Russell200 has broken its downward wedge pattern on a 4 hour time frame. Yesterday sell off has triggered extreme reading for most of the major indices across the board. The price pierced the Bollinger band sharply towards the downside but bounced back up sharply but still not close to its 20 day moving average.…

Technical AnalysisBy sharptrader

EUR/USD- Caution is the word as the upward trend continue

The EUR/USD is exploding towards the upside on a 4 hour time frame. The price has pierced the Bollinger band and it is trading well away from it 20 day moving average. The piercing of the Bollinger band does have substantial importance when this takes place at an important level of support or resistance. The…

Technical AnalysisBy sharptrader