Technische Analyse | Sharp Trader

Gold- Fundamental vs Technical Analysis

Fundamental Analysis The tide has not turned for gold at all and we do not see this trend going for long unless the situation becomes completely out of control in China. In the meanwhile, the resistance of 1160 could trigger profit taking that could push the price lower. The recent rally in gold is primarily…

Technical AnalysisBy sharptrader

DAX30 completed its projection as per our tweet

The DAX30 is trading in a downward channel on a 4 hour time frame. This confirms that the trend is towards the downside and as long as we trade with in this range, the current trend will prevail. We also have another pattern formed within this pattern which is the symmetrical triangle pattern and yesterday…

Technical AnalysisBy sharptrader

USD/CAD- Bears are taking the control

The USD/CAD pair is trading in a symmetrical triangle pattern on a 60 minute time frame. The price is dropping towards the lower line of this pattern and only piercing of this pattern will determine the projection of this pattern. The volatility is high as the pair has pierced the Bollinger band and it is…

Technical AnalysisBy sharptrader

USD/JPY- Fell from Our Identified zone, 162 pips profit

The USD/JPY pair fell from Our Identified resistance zone (mentioned below) on a 4 hour time frame. The touched the resistance zone of 125.29 -125.83 which represents a stop loss of 68 pips and moved lower all the down to 123.71- representing an opportunity of 162 pips approximaltely. This is more than 2:1 ratio which…

Technical AnalysisBy sharptrader

EUR/USD- Building its upward momentum

The EUR/USD has broken its downward channel on a 4 hour time frame pattern. The price has moved towards the upside and initially this move was capped by the resistance zone mentioned below. The resistance zone pushed the price lower all the way to 1.1071 where it was pushed back up by the 20 day…

Technical AnalysisBy sharptrader

Gold- Trading in an upward Channel

Gold is trading in an upward channel pattern on a 60 minute time frame. The price has bounced nicely back up three times times every time it has touched the lower line of this channel confirming that traders are willing to buy at any pull backs and as long as this trend continues, the bias…

Technical AnalysisBy sharptrader