Technische Analyse | Sharp Trader

Gold- Trading in a strong upward momentum

Gold has spiked up and it is trading above its upward trend line on a 4 hour time frame. The price has pierced the Bollinger band and it is trading away from its 20 day moving average which translates that the volatility is high. The piercing of the Bollinger band only has importance when this…

Technical AnalysisBy sharptrader

EUR/USD- Technicals are pointing for an upward move

The EUR/USD pair has formed a symmetrical triangle pattern on a 4 hour time frame. However, this pattern is not an absolute pattern because if we draw another line towards the lows formed within this triangle, it ill show us that the bias is building more towards the upside. Moreover, the price is trading above…

Technical AnalysisBy sharptrader

Copper- Downward trend is weak, will you trade?

Copper is trading below its downward trend line on a daily time frame. The price could be challenging the downward trend line soon as it is trading above the 50 day (shown in red) and the 100 day (shown in yellow) moving average. Given that the price is solidly above both of these trend lines,…

Technical AnalysisBy sharptrader

Gold- Near its support Zone, Will you trade

Gold is trading below its downward trend line on a daily time frame. The price has pierced the Bollinger band and it is trading away from its 20 day moving average which means the volatility is high. The piercing of the Bollinger band is only important when it is taking place at an important level…

Technical AnalysisBy sharptrader

USD/JPY – Fell from Our identified resistance zone, more than 3:1 risk to profit ratio

The USD/JPY fell from our identified resistance zone on a 60 minute time frame. The resistance zone was given in our analysis on the third of March. The price has moved nearly 40 pips in profit when the stop loss or risk was only 12 pips. This is more than 3: 1 ratio when most…

Technical AnalysisBy sharptrader

EUR/GBP – Near weekly support zone

The EUR/GBP is firmly trading below its downward trend line on a weekly time frame. The pair has pierced the Bollinger band and this piercing is taking place at an important level of support. The piercing of the Bollinger band only has importance when this takes place at an important level of support/resistance zone because…

Technical AnalysisBy sharptrader