Technische Analyse | Sharp Trader

DJ30 looks strong

The DJ30 index is trading above its upward trend line on a 4 hour time frame. The price is also trading above its 50 day and 100 day moving averages which are shown in yellow and red colours. If the 50 day MA crosses the 100 day MA from below which it looks like it…

Technical AnalysisBy sharptrader

GBP/USD- Selling pressure fading

The GBP/USD pair is trading below its downward trend line on a 4 hour time frame. The pair is trading close to its 50 day moving average which is shown in yellow colour. If the price breaks this line towards the upside, this will show that the bears are losing their control however the bull…

Technical AnalysisBy sharptrader

Crude oil – Fundamental vs Technical Analysis

Greek deal is certainly a good news for the oil traders, as this represents a potential growth opportunity and the demand equation could see some boost on the back of this. Germany, which is the economic engine of Euro zone, has been badly impacted over the course of 6 months and now that is all…

Technical AnalysisBy sharptrader

Tesco formed a symmetrical triangle pattern, will you trade?

Tesco stock price has formed a symmetrical triangle pattern on a daily time frame. These patterns are ranked towards the bottom of the ranking because of their inability to complete their projections. Generally speaking, these patterns break in the direction of the trend and if it does break towards the downside we see the price…

Technical AnalysisBy sharptrader

Gold- Fundamental vs Technical Analysis

Fundamental Analysis Gold is up on the back of the FOMC minutes which were released last night. The Fed is certainly worried about the Chinese markets and the massive sell off over in Asia have made them a little bit more cautious in their approach to raise the interest rate. Soon the rate hike expectations…

Technical AnalysisBy sharptrader

USD/JPY under selling pressure

The USD/JPY pair is trading below its downward trend line on a 4 hour time frame. This confirms that the trend is towards the downside and as long as the price stays below this trend line, the trend stays toward the downside. The volatility of the pair is high as it has pierced the Bollinger…

Technical AnalysisBy sharptrader