Technische Analyse | Sharp Trader

Brent in a Support zone, will you trade?

Brent crude is trading below the downward trend line on a duly time frame. The brent price is trading below the 50 day (shown in red) and 100 day (shown in yellow) moving averages which means that the bias is towards the downside. The price has also pierced the Bollinger Band, piercing of the…

Technical AnalysisBy sharptrader

GBP/USD-Price bounced from OUR Identified zone, what now?

The GBP/USD has bounced from OUR identified support zone on a 60 minute time frame. The support zone was given in our analysis on the 8th of September. The risk mentioned was 7 pips and the price has moved 10 pips in direction which is more than 1:1 ratio. The pair has broken its downward…

Technical AnalysisBy sharptrader

USD/JPY- Upward pressure is slowing

The USD/JPY pair is trading above its upward trend line on a 60 minute time frame. The price is also trading above its the 100 day (shown in red) and 50 day (shown in green) which clearly represents that the bulls are in control of the price. However, the RSI indicator is showing a clear…

Technical AnalysisBy sharptrader

AUD/USD- Downward pressure continues

The AUD/USD pair is trading below the downward trend line on a 60 minute time frame. The price has pierced the Bollinger band and piercing of the Bollinger band does have a significant importance when this takes place at an important level of support or resistance. However, the important level of support is not close…

Technical AnalysisBy sharptrader

Apple – Ascending triangle formed ahead of big event

Apple has formed an ascending triangle pattern on a 30 minute time frame. The pattern is a bearish pattern and if the price breaks towards the downside, we could see the price near the $96. However, if we get a false break out and the pattern does break out towards the upside, which does happen…

Technical AnalysisBy sharptrader

GBP/USD-Selling pressure could pause soon

The GBP/USD is trading near the support zone on a 60 minute time frame. The price is trading below the downward trend line and it has also pierced the Bollinger band which means that the volatility for the pair is high. The RSI indicator is sowing a clear sign of divergence which means that while…

Technical AnalysisBy sharptrader