Technische Analyse | Sharp Trader

Vodafone bounced from its support

Vodafone has bounced from its support on daily time frame. The price has filled in the previous gap and there was also a piercing of the Bollinger band there. The piercing of the Bollinger band does have a significant importance when this takes place at an important level of support or resistance. The support zones…

Technical AnalysisBy sharptrader

USD/JPY- Downward trend still intact

The USD/JPY pair is trading below the downward trend line on a 60 minute time frame. This represents that the bears are still in control of the price and the bias remains towards the downside. The price is also trading near the 50day (shown in red) and the 100 day (shown in yellow) moving average…

Technical AnalysisBy sharptrader

GBP/USD- uptrend is still intact but losing its steam

The GBP/USD has broken out of its symmetrical triangle pattern and has completed its projection on a 60 minute time frame. The price is also trading above the upward trend line and has not broken this line so far and this shows that the uptrend is very much intact. However, the price is also trading…

Technical AnalysisBy sharptrader

EUR/USD- Ascending triangle formed, will you trade?

The EUR/USD is trading near the resistance zone of 1.3661-1.3682 on a 60 minute time frame. The symmetrical triangle pattern did not work however, we have formed another ascending triangle pattern which is shown by the yellow lines. If the price does breakout towards the upside which they usually do for this kind of pattern,…

Technical AnalysisBy sharptrader

Barclays- selling pressure may continue

Barclays is under tremendous pressure after another lawsuit against the firm. This has increased the volatility for the stock on the daily time frame as it has pierced the Bollinger band. The piercing of the Bollinger band only has much of an importance when this takes place at a significant level of support or resistance…

Technical AnalysisBy sharptrader

GBP/USD- Completed its symmetrical triangle pattern and another one just formed

The GBP/USD has completed its symmetrical triangle pattern (shown in purple) on a 30 minute time frame. The price has also formed another symmetrical triangle pattern which is shown by yellow lines. The projections of this pattern is much better when the breakout takes place during the ¾ of the pattern. Nevertheless, these patterns do…

Technical AnalysisBy sharptrader