Technische Analyse | Sharp Trader

EUR/USD – Bouncing from its Support Zone as Predicted

The EUR/USD pair is bouncing from its support zone on a 30 minute time frame. This support zone was given in our analysis on the 27^th of May. The price action is trading within the symmetrical triangle pattern, and if this pattern does break out to the upside, which they usually do, then the price could go towards the resistance level of 1.31085. However, if this pattern does break out towards the downside then it could go towards the 1.2746 support level.

Technical AnalysisBy sharptrader

USD/JPY- Bounced from its support As Predicted- What Now !

The USD/JPY pair has bounced from its support on a 30 minute time frame. This support zone was given in our analysis on 24^th of May. The price is trading is well above the 50 day (shown in green) and the 100 day (shown in yellow) moving averages which suggests that strong bias is towards the upside. However, the price action is approaching near its minor resistance zone (mentioned below) which could bring a brief pause in this upward move.

Technical AnalysisBy sharptrader

EUR/USD- Fell from its Resistance as Predicted

The EUR/USD pair fell from its minor resistance zone on a 30 minute time frame. This resistance zone was given in our analysis on the 24^th May. The price is trading near the 50 day (shown in green) and above the 100 day (shown in yellow) moving averages which suggests the bullish trend is still in play but the price is facing some downward pressure.

Technical AnalysisBy sharptrader

USD/JPY – Bounced from Support as Predicted

USD/JPY – Bounced from Support as Predicted

The USD/JPY pair bounced from its support zone on a 30 minute time frame. This support zone was given in our analysis yesterday and we predicted that the price could move from this level based on our technical analysis. The pair bounced back up from its minor support zone and reached its 61.8% Fibonacci level and then retraced back down from that level. However, the strength of the minor support zone pushed the price back up once again.

Technical AnalysisBy sharptrader

EUR/USD- Technical points Bullish outcome

The EUR/USD pair has formed a reverse complex Head & Shoulder pattern on a 30 minute time frame. The price is trading above the 50 day (shown in green) and the 100 day (shown in yellow) moving averages which suggest that bias could be to the upside. The volatility for the pair remains low as the price is trading within the Bollinger band and close to its 20 day moving average.

Technical AnalysisBy sharptrader

AUD/USD – Bounced from its Support As Predicted

Bullish Scenario

The AUD/USD pair has bounced back up from its support zone on a daily time frame. This support zone was given in our analysis on the 15^th of May. The volatility for the pair was peaked at this level because the price was extending its piercing of the Bollinger band at an important level of support.

Technical AnalysisBy sharptrader