Technische Analyse | Sharp Trader

EUR/USD- Broken its downward trend line

The EUR/USD pair has broken its downward trend line on a 4 hour time frame. The price is trading near the upper line of the Bollinger band which means that the volatility is picking up once again and a break of this line will confirm the increase volatility. In terms of pattern, there is no…

Technical AnalysisBy sharptrader

USD/JPY- Price moved from OUR Identified Support zone, Profit of 185 pips

The USD/JPY has bounced from OUR Identified Support zone on a 60 minute time frame. The support zone was provided in our analysis on Friday. The pair moved nearly 185 pips in profit when the risk was only 11 pips, and then retraced back but still in profit of 61 pips. The price has been…

Technical AnalysisBy sharptrader

USD/JPY- Trading in a downward wedge pattern, will you trade?

The USD/JPY pair is trading in wedge pattern on 60 minute time frame. The price is trading below the 50day (shown in yellow) and the 100 day (shown in red) moving average and as long as the price is trading below these trading averages, the bias remains towards the downside. An aggressive investor could certainly…

Technical AnalysisBy sharptrader

EUR/GBP- Breaking out of a triangle pattern- upside on cards?

The EUR/ GBP pair is trading below the downward trend line on a 60 minute time frame. This confirms that the trend is towards the downside and the price has long way to go before it can challenge this trend line. The pair has also formed a symmetrical triangle pattern, which in a downward trend,…

Technical AnalysisBy sharptrader

Crude- Another bearish pattern formed

Crude oil has formed another bearish pattern on a 60 minute time frame. The price has formed a descending triangle and they usually break towards the downside and if we do the price projection of this triangle, we could see the price moving towards the 37 level. The volatility for the price is low as…

Technical AnalysisBy sharptrader

EUR/GBP- Bounced from its support

The EUR/GBP has bounced from its support zone which is driven from the weekly time time frame. The price is still trading below the downward trend line on a 30 minute time frame and this means that the trend is towards the downside. The pair is trading below the 50 day and the 100 day…

Technical AnalysisBy sharptrader