Technische Analyse | Sharp Trader

Crude Oil – Trading near support zone

Crude oil is trading below its downward trend line on a 4 hour time frame. The price is trading near the minor support zone which is mentioned below. If the price stops its downward move at this level and successfully breaks the 50 and 100 day moving averages shown in yellow and red respectively, then…

Technical AnalysisBy sharptrader

Gold: Fundamental Vs Technical Analysis

Fundamental Analysis Gold is falling out of favor among its lovers as the Fed is preparing themselves to increase the borrowing cost. This could remain the major hurdle for any upside move for the precious metal and traders could be selling into these rallies, which we are experiencing today. The bounce in gold is nothing…

Technical AnalysisBy sharptrader

USD/JPY – Formed a reverse head and shoulder pattern

The USD/JPY pair has broken the neckline of its reverse head and shoulder towards the upside on a 4 hour time frame. The reverse head and shoulder patterns are one of the most traded patterns because of their reliability in completing their projection. The pair’s projected level could push the price beyond its resistance zone,…

Technical AnalysisBy sharptrader

EUR/USD- Completed its symmetrical triangle pattern, what now?

The EUR/USD pair is trading below its downward trend line on a 4 hour time frame. The price has completed its symmetrical triangle pattern towards the downside. The pair is also trading below its 50 and 100 day moving averages (shown in yellow and red color respectively) As the price is trading below its above…

Technical AnalysisBy sharptrader

GOLD- Hitting five years low, will you buy or sell?

The precious metal is under tremendous pressure this morning after the massive sell off which triggered last night. The price is trading below its downward trend on a daily time frame. It has also pierced the Bollinger band and this shows that the volatility is skewed towards the extreme end. Piercing of the Bollinger band…

Technical AnalysisBy sharptrader

CAC40 in strong upward trend

The CAC 40 index is trading above its upward trend line on a daily time frame. The price has also broken its downward trend line if we draw this by connecting the lower lows near the right hand corner. The volatility of the index is relatively lower on this time frame as it is trading…

Technical AnalysisBy sharptrader