Technische Analyse | Sharp Trader

Gold- Finally some buying pressure

The precious metal has found a little support near the 1274 mark on a 4 hour time frame. But, it is way to early to say if this support level does have any significant importance. Nevertheless, the price has been able to stop its decline at this level which means we cannot ignore this level.…

Technical AnalysisBy sharptrader

EUR/USD- Symmetrical Triangle Pattern formed

The EUR/USD has formed a symmetrical triangle pattern on a 4 hour time frame. These patterns are not some of the best patterns in the technical world of trading however, historically speaking they usually tend to break in the direction of the trend. The price is trading above the 50 day moving average (which is shown in green) but…

Technical AnalysisBy sharptrader

AUD/USD- Bullish pattern pushing the pair up

The AUD/USD pair is trading in a strong uptrend on a daily time frame. The pair has recently broken its bullish pattern- A reverse Head & Shoulder pattern. The head and shoulder patterns are the most powerful patterns and they usually complete their projections. The projection of this pattern could easily take the price near the…

Technical AnalysisBy sharptrader

AUD/NZD- Selling pressure continues

The AUDNZD pair has formed a double top on a 4 hour time frame. The double top is considered as a strong reversal signal when this takes place at an important level of support or resistance. The pair is trading firmly below the downward trend line which means that the bulls are losing their control and only a…

Technical AnalysisBy sharptrader

Crude above $100 mark, What now?

Crude oil is trading above its upward trend line on a 4 hour time frame. The price has broken its major resistance of $100 mark and the next resistance is at 102.88. The price has also completed its reverse head and shoulder pattern on the same time frame and is about to break out of…

Technical AnalysisBy sharptrader

USD/JPY- trading in a symmetrical triangle pattern

The USD/JPY is trading in a symmetrical triangle on a 60 minute time frame. These patterns do not have a good track record, however, they usually break in the direction of the trend. The general trend is side way for the pair which makes it more difficult to predict the break out however, the price…

Technical AnalysisBy sharptrader