Technische Analyse | Sharp Trader

GBP/AUD- Bullish pressure is building up

GB/PAUD pair has broken its downward trend line on a 60 minute time frame. This represents that the downtrend is no longer valid and the price has changed its direction which is to the upside. Moreover, the price is trading above the 50 day and the 100 day moving average which means that the bulls…

Technical AnalysisBy sharptrader

TWITTER- Selling pressure could fade soon

Twitter has broken its upward trend line on a 60 minute time frame. This represents that the uptrend is no longer valid and the bulls are in control of the price. The price is still far enough from its meaningful support zone (minor support zone mentioned below) and this could continue the selling pressure for…

Technical AnalysisBy sharptrader

USD/JPY- Fell from our identified resistance level- 3:1 ratio.

The USD/JPY fell from our identified level of resistance (mentioned below) on a 60 minute time. The resistance level was given in our analysis on the 2nd of July . Putting this in perspective, the risk to reward ratio at the time of writing is close enough to 3:1 ratio, which is a great ratio…

Technical AnalysisBy sharptrader

GBP/USD-Resistance adding selling pressure

The GBP/USD fell short of a few pips from its resistance level before it changed its direction on a 60 minute time frame. The price trend is moving in a rectangular pattern which means we do not have any clear trend in a short term, however it is still trading above the upward trend line.…

Technical AnalysisBy sharptrader

Deutsche bounced from its long term support

Deutsche Bank has bounced from its minor support (mentioned below) on a daily time frame. The price also pierced the Bollinger band at this level. The piercing of the Bollinger and does have significant importance when this takes at an important level of support or resistance as it has the ability to reverse the direction…

Technical AnalysisBy sharptrader

HSBC- The downward trend continues

HSBC has bounced from its minor support (mentioned below) on a daily time frame. The support zone was consisting of two levels which we call in technical terms level on top of level. In this scenario, it may be always the best option to execute small portion of trade on the first level and then…

Technical AnalysisBy sharptrader