Analyse technique

GBP/USD- Price in a resistance zone, a break out could happen

The GBP/USD is consolidating in a resistance zone on a 30 minute time frame. The odds are that the pair may be able to break out of this resistance zone because it has eaten up most of the supply. Moreover, the price is trading above the 50day (shown in green) and the 100 day…

Technical AnalysisPar :sharptrader

USD/JPY- Symmetrical Triangle broken to the upside

The USD/JPY has broken out of a symmetrical triangle to the upside on a 30 minute time frame. The projection of this could easily push the price towards the major resistance level which is mentioned below. The price is also trading above the 50day (shown in green) and 100 day (shown in yellow)…

Technical AnalysisPar :sharptrader

GBP/USD- Technical Analysis

The GBP/USD is trading below the downward trend line on a 30 minute time frame. However, the pair is challenging this downward trend line and there is a strong possibility that the price may be able to break this resistance because it is trading above the 50day (shown in green) and the 100 day…

Technical AnalysisPar :sharptrader

EUR/USD- Broken its upward channel; what now?

The EUR/USD pair has broken its upward channel on a 4 hour time frame. The volatility for the pair is extremely high as the price is trading far enough from its 20day moving average. This means that the corrective move could be on the card and the sell off may catch its breath first…

Technical AnalysisPar :sharptrader

Fiat- Will you buy after this Sharp upward move?

Fiat stock has touched its extreme resistance zone on a daily time frame. The stock retraced back quickly this morning after touching this zone. This resistance zone does have a significant importance, as it is derived from a weekly time frame and the last time the price was at this level, it left sharply, pushing…

Technical AnalysisPar :sharptrader