Technische Analyse | Sharp Trader

EUR/GBP- Selling pressure could be fading soon

The EUR/GBP pair is trading in a downward wedge pattern on a daily time frame. The price need to break above the upper line of this wedge to confirm that the bears are losing their grip. The pair is also trading below the 50day (shown in yellow) and the 100 day (shown in red) moving…

Technical AnalysisBy sharptrader

Deutsche Bank – Bounced from its support Zone, will you trade

Deutsche bank has bounced from its support zone (mentioned below) on a daily time frame. The price is challenging its downward trend line and a break of this line will confirm that the bears are losing their control of the price. The price is also trading below the 50day (shown in yellow) and the 100…

Technical AnalysisBy sharptrader

GBP/USD- Fell from resistance as we Predicted, what now?

The GBP/USD pair fell from our Predicted level of resistance on a 60 minute time frame. The resistance level was given in our analysis on the 15th of June. The price is trading in an inverted wedge pattern which shows that the spectrum of the price is increasing. The RSI indicator is trading in line…

Technical AnalysisBy sharptrader

Coffee still under selling pressure

Coffee is trading below the downward trend line on a 60 minute time frame. The commodity had a false breakout when it broke its first downward trend line and failed to break its minor resistance. The trading of the price below the downward trend line certainly confirms the downward trend is intact and unless we…

Technical AnalysisBy sharptrader

GBP/USD-Selling pressure could pause soon

The GBP/USD pair has broken its upward trend line on a 60 minute time frame. This confirms that the uptrend is in a correction mode and there is a weakness in the price.The price is also trading in a downward wedge and as long as the price is trading within this wedge, the bias stays…

Technical AnalysisBy sharptrader

EUR/USD- A symmetrical triangle formed, will you trade?

The EUR/USD has formed a symmetrical triangle pattern on a 60 minute time frame as predicted. The upward move in the price is currently capped by the downward trend line of this triangle. The projections of the symmetrical triangles predominantly depend on the direction of the previous trend. Having said that, we do not have…

Technical AnalysisBy sharptrader