Technische Analyse | Sharp Trader

Crude Oil – Downward wedge formed

Crude oil is trading below its downward trend line on a 4 hour time frame. The price is also trading in a downward wedge pattern and as along as the price is trading within this wedge, we expect the price to continue its downward trend. The volatility for oil has eased off as the price…

Technical AnalysisBy sharptrader

USD/JPY- Symmetrical triangle projects 128 target

The USD/JPY pair is trading above its upward trend line on a 4 hour time frame. The price has broken its symmetrical triangle pattern towards the upside. The projection if completed, could easily push the price near the 128 mark. However the symmetrical triangle patterns are ranked towards the bottom due to their reliable pattern…

Technical AnalysisBy sharptrader

DJ30 is melting under the selling pressure

The DJ30 is trading below the downward trend line on a daily time frame. This confirms that the trend is towards the downside. However, the price has been trading in a very much range based since March this year. Although, the next support is at 16958, nonetheless, the price has been there before a few…

Technical AnalysisBy sharptrader

GBP/USD- Ready for a big move

The GBP/USD pair is trading in a side way pattern on a 4 hour time frame. The price is also trading in a very small range and the price is trading close enough to its 20 day moving average. Nonetheless, the price is also trading above the upward trend line, but at the same time…

Technical AnalysisBy sharptrader

Russell 2000 – Selling pressure continues

The Russell2000 index is trading below its 4 hour time frame. This confirms that the trend is towards the downside. The price has also formed a symmetrical triangle pattern which is ranked towards the bottom of the list because of their unpredictable behaviour. Nonetheless, they usually break in the direction of the trend and in…

Technical AnalysisBy sharptrader

GBP/USD- Symmetrical Triangle formed

The GBP/USD pair is trading in symmetrical triangle pattern on a 4 hour time frame. These patterns are ranked on the bottom of the list and this or due to their failure rate in terms of of their predictability and and completing their projections. Generally speaking, these patterns break in the direction of the trend…

Technical AnalysisBy sharptrader