Technische Analyse | Sharp Trader

Gold- Fundamental vs Technical Analysis

The precious metal has recovered some its losses and it is well off from its lows of 1162 after falling brutally on Friday. Traders have given the benefit of the doubt that the Friday US NFP data is just one off stout reading which we have received so far this quarter, but if the US…

Technical AnalysisBy sharptrader

GBP/USD- Selling pressure continues

GBP/USD is trading below its downward trend line on a 4 hour time frame. This confirms that the trend is towards the downside. However, the moving averages are mainly used o determine the direction of the trend and they also confirm the strength of the current trend. The price is trading below the 50 and…

Technical AnalysisBy sharptrader

FTSE 100 – formed a symmetrical triangle formed

The FTSE 100 is trading above its upward trend line on a 4 hour time frame. However, we also have a strong pattern forming for the index which is the symmetrical triangle pattern. These patterns are ranked towards the bottom side due to their unpredictable behaviour and not fully completing their projections. As the price…

Technical AnalysisBy sharptrader

EUR/USD- Broken its downward trend line, will you trade?

The EUR/USD pair is trading below its downward trend line on a 60 minute time frame. The price has recently broken this trend line and this shows a sing of strength especially given that it is also trading above the 50 day and 100 day moving averages shown in yellow and red colour respectively. The…

Technical AnalysisBy sharptrader

DAX index in a strong downward trend

The DAX index is trading below its downward trend line on a 4 hour time frame. This shows that the trend is towards the downside. The price is also trading below the 50 and 100 day moving averages which are shown in yellow and red colour respectively. As long as the price is trading below…

Technical AnalysisBy sharptrader

Dollar Index still strong

The unemployment claims data have not shown improvement in the labor market, but it is still a solid number not a disaster. The initial reaction from traders was negative, but as they digested the news, the direction has changed and this is due to the confidence amid investors what Janet Yellen has said about the rate…

Technical AnalysisBy sharptrader