Technische Analyse

GBP/USD- Downward pressure continues

The GBP/USD is trading below the downward trend line on a 60 minute time frame. The price is trading well below the 50day (shown in green) and 100 day (shown in yellow) moving average, which means that the bears are in strong control of the price. The CCI and the RSI indicators are showing early…

Technical AnalysisBy sharptrader

USD/JPY- Near the Resistance level

The USD/JPY has bounced strongly up from its support zone on a 60 minute time frame. Interestingly, the price is also finding a resistance exactly at the same level where we have seen a sharp sell off. The pair is trading above the 50day (shown in green) and the 100 day (shown in yellow)…

Technical AnalysisBy sharptrader

EUR/USD- Fell from 100 pips from our IDENTIFIED LEVEL, What now

The EUR/USD fell from its resistance level on a 30 minute time frame which we predicted. The resistance zone was given in our analysis last week. The initial move was nearly 100 pips and the todays move is nearly 60 pips. The volatility for the pair is high as it has pierced the Bollinger band…

Technical AnalysisBy sharptrader

Copper under Immense selling pressure, but near support zone

Copper is under tremendous selling pressure on a daily time frame. The metal has pierced the Bollinger band and the price is trading well away from its 20day moving average, which means that the volatility is extremely high. The piercing of the Bollinger band does have vital importance when this takes place at an important…

Technical AnalysisBy sharptrader

GBP/USD- Near its support zone

The GBP/USD has bounced from its support zone on a 30 minute time. We are forming a double bottom at the moment, however, the upward move is strictly capped by the 50 day moving average (shown in green). Moreover, we are also trading below the 100 day (shown in yellow) moving average, which means that…

Technical AnalysisBy sharptrader