Análisis técnico | Sharp Trader

EUR/USD- Downward move continue

The EUR/USD pair has bounced from its support zone on a 30 minute time frame. This support zone is not a fresh level as the price has already visited this level few times therefore, the price may be able to break this support zone if it visits this level again. The pair has broken its upward channel which means that the upward trend is no longer stronger. Moreover, the price is also trading below the 50 day (shown in green) and the 100 day (shown in yellow) moving averages which further confirms that the bulls are losing their control.

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Apple – Upward move could be paused

Apple has touched its resistance level on a 4 hour time frame yesterday. However, it is important to know that this resistance level is not a fresh level as the price has already touched this resistance zone before. The price is also piercing the Bollinger band at this level and it is trading away from its 20 day moving average. The piercing of the Bollinger band does have a significant importance at an important level of support/resistance and it could reverse the trend or push the price back towards its mean.

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EUR/USD- upward trend may continue

The EUR/USD pair is consolidating within its resistance zone on a 30 minute time frame. This means that there may not be enough selling pressure at this zone and the bulls may be able to break through this zone. The price is trading above the 50 day (shown in green) and the 100 day (shown in yellow) moving averages which further confirms that the bulls are in control of the price.

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GBP/USD- Technical Analysis

The GBP/USD pair has broken its upward trend line on a 30 minute time. The price is trading below the 50 day (shown in green) and the 100day (shown in yellow) moving averages which means that the bears are in control. Moreover, the price is also respecting its downward trend line and has failed so far to break this line to the upside which further confirms the above argument.

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More Bearish pressure may continue for Barclays

Barclays is still trading away from its any meaningful support zone on a 4 hour time frame. The price may continue its downward move before it reaches its first minor support zone which is around the 280 level. The price is piercing the Bollinger band, but this may not have much importance due to a lack of an important level of support. However, it is the RSI which is trading in an oversold zone which could strengthen the case for the bulls and could perhaps give a little support for the price action.

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BP Could Be a Buy Opportunity Now!

BP is trading in a support zone on a 4 hour time frame. This support zone does have a significant importance because of two reasons which as follow. Firstly, this is the fresh level, by that what we mean is that the price is visiting this level of support for the first time. Finally, there was a gap up from this level which confirms that there could be lots of buyers sitting at this level and if such is the case the price should not consolidate at this level.

Technical AnalysisPor sharptrader