Technische Analyse | Sharp Trader

EUR/USD- Upward move could take place soon

The EUR/USD trading in a channel on a 60 minute time frame. The price is trading below the 50 day (shown in green) and 100 day (shown in yellow) which confirm that the bears are in strong control of the price and the trend is towards the downside. However, the +DMI has crossed the…

Technical AnalysisBy sharptrader

Gold – Fundamental Vs Technical Analysis

Fundamental Analysis When there is a panic in the market, smart money move towards the risk averse derivative and this is what is driving the gold price higher. The emerging market crisis on the back of Fed tapering, is working well for the gold traders. There is a serious money flow, from the equity market…

Technical AnalysisBy sharptrader

GBP/USD- Downward Wedge broken and the price near the Support zone

The GBP/USD has broken its downward wedge on a 30 minute time. The pair has pierced the Bollinger band at this level, which means that the volatility for the pair is high. The piercing of the Bollinger band does have a significant importance when this takes place at an important level of support or…

Technical AnalysisBy sharptrader

USD/JPY- Fell from its resistance as Predicted

The USD/JPY fell from its resistance on a 60 minute time frame as predicted. The resistance zone was given in our analysis yesterday. The pair is trading near the 100day (shown in yellow) moving average, which may act as a minor support, however, a break of this could increase the selling pressure further. The price…

Technical AnalysisBy sharptrader

Apple – After disappointing earning, What technical analysis is saying?

Apple is trading in an upward wedge pattern on a 4 hour time frame. If the price breaks out of this pattern to the downside, there is usually a big move to the downside. Within this pattern, we also have the symmetrical triangle pattern formed and the downward projection of this, could push the price…

Technical AnalysisBy sharptrader

AUD/NZD- In a Support Zone, Will you trade?

The AUDNZD pair is trading in a support zone on a daily time frame. The pair has pierced the Bollinger band at this level, which means that the volatility for the pair is high. The piercing of the Bollinger band does have a significant importance when this takes place at an important level of support…

Technical AnalysisBy sharptrader