Technische Analyse | Sharp Trader

USD/JPY- In a Support zone; the pair could bounce!

Strategy in Play:

The USD/JPY is bouncing back up from its support zone on a 30 minute time frame. This support zone was given in our analysis on the 21^st of October. The volatility for the pair is high, as the price has pierced the Bollinger band at the support zone. The piercing of the Bollinger band does have a significant importance when this takes place at a resistance/support zone, because this has an ability to stop the upward/downward move or reverse the trend.

Technical AnalysisBy sharptrader

GBP/USD- Fell from its Resistance as Predicted- What Now?

Strategy in Play:

The GBP/USD fell from its resistance on a 30 minute time frame as predicted. This resistance zone was given in our analysis on the 21^st of October. The price is trading well above the 50 day (shown in green) and the 100 day (shown in yellow) moving average which confirms that the bears have strong control. The pair has also broken the upward trend line which further confirms the above argument.

Technical AnalysisBy sharptrader

Copper- Fundamental Vs Technical Analysis

Fundamental Analysis Copper is trading up by nearly 0.16% this morning, ahead of the most important economic data release, US Non Farm payroll number. As we stand, this report today, is more likely to provide us only clues that what can be unfolding over the next coming few months. Provided that the NFP data for the month…

Technical AnalysisBy sharptrader

GBP/USD- Head and Shoulder pattern formed– will you trade

Strategy in Play:

The GBP/USD is forming a Head & Shoulder pattern on a 30 minute time frame. If this pattern does play out completely, we could easily see the price near the minor support zone which we have mentioned below. The price is trading below the 50 day (shown in green) and the 100 day (shown in yellow) moving average which confirms that the bears are in control.

Technical AnalysisBy sharptrader

USD/JPY- Upward momentum could continue.

Strategy in Play:

The USD/JPY has formed a double top on a 60 minute time frame. However, the price is trading sharply above the upward trend line and has not broken this line so far which suggest that the uptrend I still in tact. Moreover, it is also trading above the 50 day (shown in green) and the 100 day (shown in yellow) moving averages which means that the bulls are in control.

Technical AnalysisBy sharptrader

Copper – Fundamentals and Technicals which matter

Fundamental Analysis

Copper is moving higher as we have overcome the inconsiderable obstacle of the US debt ceiling with a temporary fix in place but no firm solution in place or within sight, we are definitely not out of the woods yet. The president Barack Obama has said that he will try to avert such a situation when the circus does return to the capital in January, but the hopes for such prospect are extremely bleak and this could keep the consumer to be very cautious as we head towards the end of this year.

As the shutdown has cost nearly $24billion for the economy, the challenges which Fed will face, will not only be limited to the unemployment rate, repairing the reputation & economy, but also perhaps preparing to accommodate for the debt ceiling circus which will return in February. Therefore, loose monetary policy could possibly be in place for some time perhaps at-least Janet Yellen takes over which is pushing copper higher.

Technical AnalysisBy sharptrader