Technical Analysis | Sharp Trader

USD/JPY- Formed a wedge pattern

The USD/JPY pair has formed a wedge pattern on a 4 hour time frame. The projection of this pattern will push the price towards its major support zone which is mentioned below. The price is also trading below its 100 day moving average, but above its 50 day moving average which is shown in red…

Technical AnalysisBy sharptrader

Forex technical analysis- GBP/USD

GBP/USD- UPWARD MOMENTUM PICKING UP The GBP/USD pair is challenging its downward trend line on a 4 hour time frame and this represents that the lost upward momentum could be picking up. The trend remains towards the upside as the price is trading within its upward channel and also above its 50 day and 100…

Technical AnalysisBy sharptrader

Gold- Fundamental & Technical Analysis

Fundamental Analysis The Precious metal has been trading lower for the past two consecutive days as the optimism on Greek deal has picked up. Investors are feeling comfortable in holding riskier assets and the demand for the yellow metal has taken a hit on the back of this and this has pushed the price of…

Technical AnalysisBy sharptrader

EUR/USD – Selling pressure picking up

The EUR/USD pair is trading above its upward trend line on a 30 minute time frame. The price is moving sharply towards the downside and it has crossed its 50 and 100 day moving averages shown in yellow and red color respectively. This confirms that the bears are in strong control of the price and…

Technical AnalysisBy sharptrader

Gold- Fundamental VS Technical Analysis

Fundamental Analysis Gold is set to post another weekly gain today after rising to its highest level in nearly three weeks. This represents the gradual approach for raising the interest rate by the Fed. However, going into the weekend and today it is all about Greece’s acrimony in securing a deal with its creditors. The…

Technical AnalysisBy sharptrader

Copper- Fundamental Vs Technical Analysis

Fundamental Analysis Base metals are in the positive territory and the optimism is in two folds. Firstly, it is the Chinese economic data which has shown some signs of life as the fall in the house price was not across the board and it was not as bad as anticipated. This has stemmed the demand…

Technical AnalysisBy sharptrader