Technische Analyse | Sharp Trader

Mai232013

USD/JPY – Fell from its Resistance As predicted

The USD/JPY pair fell from its resistance on a 30 minute time frame which we predicted in our daily analysis on 20^th May. The price is trading well below the 50 day (shown in green) and the 100 day moving average which suggests that downward pressure is very strong. The volatility for the pair is also at an extreme level, as the price has pierced the Bollinger Band and it is far off from its 20 day moving average. However, the price action is approaching near the minor support zone which could push the price back up.

Technical AnalysisBy sharptrader

AUD/NZD- In a Daily Support Zone- Will You Buy It

The AUD/NZD pair is trading within the support zone on a daily time frame. The price is also trading inside the downward channel on the same time frame and recently, it has started to challenge the upper line of this line channel which suggests that the bulls could be taking the control.

Technical AnalysisBy sharptrader

GBP/USD- Sentiment Bearish but RSI suggesting Bullish Outlook

The GBP/USD pair has completed its symmetrical pattern on a 30 minute time frame as we mentioned in our analysis yesterday. The pair is also trading in a downward channel on the same time frame. The price is trading below the 50 day (shown in green) and 100-day (shown in yellow) moving averages which means technical sentiment could be still bearish.

Technical AnalysisBy sharptrader

EUR/USD – Bearish Symmetrical Triangle Pattern Broken

The EUR/USD pair has broken its symmetrical triangle pattern on a 30 minute time frame. If this pattern does play out completely then we could see the price near the major support zone (1.268-1.265). The price is trading below the 50 day (shown in green) and above the 100 day (shown in yellow) moving averages which suggest not entire technical sentiment is bearish.

Technical AnalysisBy sharptrader

GBP/USD- Bull Vs Bear –Which will Win

Bull Scenario The GBP/USD pair is trading above the 50 day (shown in green) and the 100 day (shown in yellow) moving averages. This suggests that the bulls could be more in control and bias could be towards the upside as long as the price is trading above these averages. The price is also trading…

Technical AnalysisBy sharptrader

USD/JPY- Fell from its Resistance as Predicted- What Now !

The USD/JPY pair fell from its resistance level on a 30 minute time frame. This resistance level was given in our analysis on the 16^th of May. The price has clearly broken its upward channel and it was trading below this channel at the time of writing this article. The pair has found its minor support from a 100 day (shown in yellow) moving average and it is trading above the 50 day (shown in green) moving average. However, the price action is trading in line with the RSI which suggests that short term bias could be towards the downside.

Technical AnalysisBy sharptrader