Technische Analyse | Sharp Trader

USD/JPY- Upward momentum is strong

The USD/JPY has broken it’s down channel on a 4 time frame. The pair is still trading above its upwards trend line which means that bias remains towards the upside. The price has also formed a double a top however the momentum indicators are not showing any weakness for the price. The MACD and the RSI…

Technical AnalysisBy sharptrader

GBP/USD- Maintaining its downward trend

The GBP/USD pair is trading below the downward trend line on a daily time frame. This confirms that the trend is towards the downside. As long as the price is trading below the downward trend line, the trend remains intact. Having said that, the price is forming a reversal double bottom pattern near the support…

Technical AnalysisBy sharptrader

EUR/USD- Fundamental vs Technical

Fundamental Analysis The German Zew data released today was extremely strong and it has confirmed that Germany will do what ever it takes to cave the president of the ECB not only thursday but also in the future. If the ECB does disappoint on thursday by not providing full details of the purchase plan or…

Technical AnalysisBy sharptrader

Gold near its resistance zone, will you trade?

Gold has moved sharply up on a 4 hour time frame. The price has broken the symmetrical triangle pattern and the projection of this could easily push the markets towards the 1300 mark. The volatility for the price is also higher, as it has pierced the Bollinger band, however, the piercing of the Bollinger band…

Technical AnalysisBy sharptrader

EUR/USD- Fundamental Vs Technicals

The EUR/USD pair could continue its path towards the long term support of 1.15 and the trend remains towards the downside as Mr Draghi is determined to announce the QE. However, the size of that QE and Grexit are another components of that equation which could push the euro on either side, and this is…

Technical AnalysisBy sharptrader

Crude Oil in Weekly Support Zone, Will You trade?

Crude oil has started another leg of sell off yesterday and it is trading in a major support zone on a weekly time frame. The volatility is extremely high as it has pierced the Bollinger band. The piercing of the Bollinger band has a sig infact importance when this take place at an important level…

Technical AnalysisBy sharptrader