Technische Analyse | Sharp Trader

USD/JPY- In a Support Zone

The USD/JPY is trading in a support zone on a 60 minute time frame. The price is trading below the 50 day (shown in green) and 100 day (shown in yellow) moving average, which means that the bears are in control of the price. However, we do have a small piercing of the Bollinger band…

Technical AnalysisBy sharptrader

EUR/USD- Under major pressure, but the upward move could be on card

The EUR/USD is under tremendous selling pressure this morning. The pair is still trading within the downward channel on a 60 minute time frame. The price has broken its minor support zone, but there is a major support zone just below that. We also have the piercing of the Bollinger band which means that the…

Technical AnalysisBy sharptrader

EUR/USD- Trading in a downward channel

The EUR/USD is trading in a downward channel on a 60 minute time frame. The price is trading below the 50day (shown in green) and 100 day (shown in yellow) moving average, which means that the bears are still in control of the price. The volatility for the pair is low as it is trading…

Technical AnalysisBy sharptrader

USD/JPY- Price still looking bullish

The USD/JPY has broken its downward trend line and it is trading above its upward trend line on a 60 minute time frame. The ADX indicator (shown by the dark green colour) is showing that the market is trending and it is also near the extreme zone and this translates a pause in the current trend. The RSI indicator…

Technical AnalysisBy sharptrader

GBP/USD- Formed Symmetrical triangle

The GBP/USD has broken its symmetrical triangle pattern on a 60 minute time frame. The pattern usually breaks in the direction of the previous trend and in this case it was to the downside. The price is trading below the 50 day (shown in green) and 100 day (shown in yellow) moving average which means…

Technical AnalysisBy sharptrader

GBP/USD- Bounced from its support zone, what now?

The GBP/USD has bounced from its support on a 60 minute time frame. The price pierced the Bollinger band at that point and this signifies the importance of the piercing of the Bollinger band at an important level of support or resistance zone. However, such a trade is usually only a small correction and short…

Technical AnalysisBy sharptrader