Technische Analyse | Sharp Trader

Boeing trading in a rectangular pattern, Will you trade?

Boeing is trading mostly in a rectangular pattern on a daily time frame. However, recently, the price action has shown more volatility as the price has pierced the Bollinger band towards the upside. The zone of 137-135 is also a minor resistance zone and it is at this point that we had the price piecing…

Technical AnalysisBy sharptrader

XLE- Energy ETF under pressure

XLE is the ETF which tracks major oil companies and it is under major selling pressure on a daily time frame. The price has pierced the Bollinger band which shows that the volatility for the price is extremely high and at the same time it is far away from the mean price of this indicator…

Technical AnalysisBy sharptrader

GBP/USD- Downward trend may continue

The GBP/USD pair is firmly trading below the downward trend line on a daily time frame. As long as the price is not breaking this trend line towards the upside and stays above this trend line , there is a little hope for any upward move for the price action. The pair is also trading…

Technical AnalysisBy sharptrader

EUR/GBP- Looking bearish, will you trade

The EUR/GBP pair is looking very bearish on a 30 minute time frame as the price is trading below its downward trend line. Moreover, it has also formed a symmetrical triangle on a 60 minute time frame and these triangles usually break in the direction of the trend which I this case is towards the…

Technical AnalysisBy sharptrader

AUD/US- Upward momentum still strong

The AUD/USD pair is trading in an upward trend on a 30 minute time frame. The pair has broken its downward trend line which is coming from a bigger time frame. This confirms that the bills are in control of the price. Moreover, the price is also trading above the 50 day and 100 day…

Technical AnalysisBy sharptrader

GBP/USD- trading in an upward channel

The GBP/USD pair is trading above the upward trend line on a 30 minute time frame and this confirms the upward trend is intact. The price is also trading in a range base within a channel which is called the upward channel. Most traders use the base line to increase their position as long as…

Technical AnalysisBy sharptrader