Technische Analyse | Sharp Trader

EUR/USD- Fell from its resistance as Predicted, What now?

The EUR/USD fell from its resistance zone on a 30 minute time frame as predicted. This resistance zone was given in our analysis on the 4^th of December.

The pair is finding its support near the 50 day (shown in green) and 100 day (shown in yellow) moving average, but a break of these averages will be a further confirmation of the weakness in the price. However, if the pair does bounce back from this support, the resistance at 1.3636 could still act as a major hindrance for the upside

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 or resistance because this could reverse or pause the current trend.

Technical AnalysisBy sharptrader

GBP/USD- Fell from its resistance zone again as Predicted !

The GBP/USD from resistance on a 30 minute time frame as predicted yesterday in our daily briefing analysis. The pair is finding its support from its upward trend line and has bounced back from this line which confirms that the uptrend is till intact.

Technical AnalysisBy sharptrader

EUR/USD- Bounced from support as predicted; What now?

The EUR/USD has bounced from its support zone on a 30 minute time frame as predicted. This support zone was given in our analysis yesterday.

The pair is trading above the 50 day (shown in green) but below the 100 day (shown in yellow) moving averages which means that the bulls are taking the control

The RSI has entered in the overbought zone which means that the price may find some resistance at this level.

Technical AnalysisBy sharptrader

GBP/USD- In a major resistance zone; will you short?

The GBP/USD is trading in a major resistance zone on a 4 hour time frame. The pair is trading well above its upward trend line which clearly confirms that the uptrend is strongly intact. Moreover, the pair is also trading above the 50 day (shown in green) and the 100 day (shown in yellow)…

Technical AnalysisBy sharptrader

EUR/USD- Upward channel broken; could BB band push the price back up?

The EUR/USD pair has broken its upward channel 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 resistance because this could reverse or pause the current trend. However, an important level of support is still further away which means that price could continue its downward trend before we see a meaningful bounce back.

Technical AnalysisBy sharptrader