Technische Analyse | Sharp Trader

GBP/USD- Bounced from its support as PREDICTED, What now?

The GBP/USD bounced from its support on a 30 minute time frame as predicted. This support zone was given in our analysis on the 10th of this month. We do have a clear negative divergence shown by the RSI and the CCI indicator in relation to the price action. However, any upward move may be…

Technical AnalysisBy sharptrader

AUDNZD – From a weekly perspective- A bullish divergence

The AUDNZD pair is trading near the minor support zone on a weekly time frame, but the chances are that the price will head towards the major support zone which is mentioned below. Without any doubts we can see that the volatility for the pair is extremely high as it has pierced the Bollinger…

Technical AnalysisBy sharptrader

EUR/USD- Bullish pattern formed, will you trade?

The EUR/USD pair has formed an ascending triangle on a 60 minute time frame. This is a bullish pattern, and if this pattern completes its projection completely, then we could see the price near the minor resistance area which is mentioned below. The price is also trading above the 50day and 100day moving average,…

Technical AnalysisBy sharptrader

USD/JPY- Downward move may continue

The USD/JPY has found some support near the minor support area on a 30 minute time frame. However, the price is still trading well below the 50day (shown in green) and the 100 day (shown in yellow) moving average which means that the bias could still be to the downside. The volatility for the…

Technical AnalysisBy sharptrader

GBP/USD- Huge selling pressure, but a reversal could happen

The GBP/USD is under tremendous selling pressure on a 30 minute 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 or…

Technical AnalysisBy sharptrader

GBP/USD- Price in a resistance zone, a break out could happen

The GBP/USD is consolidating in a resistance zone on a 30 minute time frame. The odds are that the pair may be able to break out of this resistance zone because it has eaten up most of the supply. Moreover, the price is trading above the 50day (shown in green) and the 100 day…

Technical AnalysisBy sharptrader