Technische Analyse | Sharp Trader

EUR/USD- Near the support zone, will you trade

The EUR/USD broken its wedge pattern on a 60 minute time frame. If the price completes its projection we could easily see the price reaching the major support zone which is mentioned below. However, the pair is trading near the minor support zone and the price has bounced back up after touching this zone. It…

Technical AnalysisBy sharptrader

GBP/USD-Selling pressure could pause soon

The GBP/USD is under selling pressure on a 60 minute time frame. The price is still away from a meaningful support zone however, we are only a few pips away from a minor support zone which is mentioned below. The price has pierced the Bollinger band which means that the volatility for the pair is…

Technical AnalysisBy sharptrader

USD/JPY- Selling pressure continues

The USD/JPY is trading below he downward trend line on a 60 minute time frame. The price formed the reverse head and shoulder pattern, but it has failed to stay above the neckline of this pattern, therefore, the pattern may not have any life left in it. The pair is also trading below the 50day…

Technical AnalysisBy sharptrader

GBP/USD- Bullish sentiment still strong

The GBP/USD dollar pair is trading above its upward trend line on a 4 hour time frame. This confirms that the upward trend is still intact and the bulls are in control of the price. The price has also formed a symmetrical triangle pattern. These patterns usually break in the direction of the trend. The…

Technical AnalysisBy sharptrader

GBP/USD- Under the selling pressure

The GBP/USD has formed a complex reverse head and shoulder pattern on a 60 minute time frame. The pattern is one the most successful bullish pattern and if it does completes its projection, we could easily see the price above the major resistance mentioned below. However, the pattern does have a lot of violations so far such…

Technical AnalysisBy sharptrader

EUR/USD- Selling pressure slowing down

The EUR/USD is trading below the downward trend line on a 120 minute time frame. The price is also trading in a downward wedge pattern which is a bearish pattern. The volatility for the pair is low as we do not have any extended or explosive candle formed. However, the RSI is trading is showing…

Technical AnalysisBy sharptrader