Technische Analyse | Sharp Trader

USD/JPY- Broken its Symmetrical triangle

The USD/JPY has broken its symmetrical triangle pattern to the downside on a 60 minute time frame. The pair is trading below the 100day (shown in yellow) moving average and the 50day (shown in green), which means that the bears are in control of the price. The ADX indicator is showing that the buying opportunity…

Technical AnalysisBy sharptrader

EUR/USD- Fell 100 pips as PREDICTED, what now?

The EUR/USD fell from its resistance on a 60 minute time frame as predicted. The resistance was given in our analysis on the 25th of February. As of today, the move is nearly 100 pips which is a very handsome risk to reward ratio. The price has pierced the Bollinger band which means that the…

Technical AnalysisBy sharptrader

USD/JPY- Symmetrical triangle pattern broken to the downside.

The USD/JPY is breaking out of the symmetrical triangle pattern on a 60 minute time frame. If the pattern plays out completely, then we could easily see the price going to a minor support area (mentioned below). The price is also trading below the 50day (shown in green) and the 100 day (shown in yellow)…

Technical AnalysisBy sharptrader

GBP/USD- Trading in an upward channel

The GBP/USD has broken its downward channel (shown with purple lines) to the upside on a 60 minute time. The pair has reversed its direction and it is trading in an upward channel (shown with yellow lines). The volatility for the EUR/USD is low as it is trading within the Bollinger band and close to its…

Technical AnalysisBy sharptrader

EUR/USD- Upward move could take place soon

The EUR/USD pair is trading in a symmetrical triangle pattern on a 60 minute time frame. The price is near the resistance level, but it is trading above the 50 day (shown in green) and 100 day (shown in yellow) moving average, which means that the bulls are in control of the price and the…

Technical AnalysisBy sharptrader

DAX- Technical Analysis

The DAX index has clearly broken out of its upward channel (purple lines) on a daily time frame. However, after a little correction we can see that the price has bounced back up from the 61.8% retracement level of Fibonacci. This is an important signal because this represents the strength for the overall bull trend.…

Technical AnalysisBy sharptrader