Technische Analyse | Sharp Trader

EUR/USD- Bounced from its support, What now?

The EUR/USD has bounced from its support zone on a 60 minute time frame. The price has also broken its downward trend line which shows that the current downward trend line is weakening, however, we still have another downward trend line and a break of that will confirm that the bullish pressure is strong. The…

Technical AnalysisBy sharptrader

AUD/USD- Selling pressure may continue

The AUD/USD pair is trading its downward trend line on a 60 minute time frame. The price pierced the Bollinger band previously, but it has moved back in the band and close to its 20 day moving average which means that the volatility is low. The pair is also trading below the 50day (shown in…

Technical AnalysisBy sharptrader

USD/JPY- Upward momentum strong

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

Technical AnalysisBy sharptrader

Deustche Bank Bounced from Our Identified level, What now?

The Deutsche bank has tested and bounced back up again from Our Identified support zone. The support zone was given in our analysis on the 17th of July. The price has broken its downward trend line and this confirms that the new trend could be emerging. However, the price is still trading below the 100…

Technical AnalysisBy sharptrader

GBP/USD-Upward pressure building up

The GBP/USD is trading within the inverted wedge pattern on a 60 minute time frame. The price is also trading in a downward wedge pattern and a break of this wedge pattern will confirm that we could be touching the resistance level which is mentioned below and crossing the 1.72 mark. The volatility for the…

Technical AnalysisBy sharptrader

EUR/USD- Bounced from Support zone as predicted, What now?

The EUR/USD has bounced back up from its support zone (minor support zone mentioned below) on a 240 minute time frame as predicted. The support zone was given in our analysis on the 14th of July. The price has completed its symmetrical triangle pattern and this represents that the bear projection of this pattern is complete…

Technical AnalysisBy sharptrader