Technical Analysis | Sharp Trader

GBP/USD- uptrend is weak

The GBP/USD pair is trading above its upward trend line on a 4 hour time frame. The volatility for the pair is low as it is trading within Bollinger band and close enough to its moving average. In terms of trend, as long as the prize stays above its upward trend line, the bias could…

Technical AnalysisBy sharptrader

Downward trend losing steam

Silver has broken its downward trend line on a 4 hour minute time frame. The volatility for the price action is modestly higher as it is trading near the upper band of the Bollinger band and far enough from its 20 day moving average. However, the Bollinger band is a good tool to determine the…

Technical AnalysisBy sharptrader

Copper; Fundamental Vs Technical Analysis

Russia pulling out of Ukraine on Feb 15 is a good news, which is reflected in Rubble clearly, and if there is more stability in the region and both sides do respect the cease fire unlike the past few times, it is a good news for copper demand, because recent events have resulted in…

Technical AnalysisBy sharptrader

Apple all time high, will you trade?

Apple has made another record high on its price. There price has pierced the bollinger band which means that the volatility is extremely high as the price is trading very far enough from its 20 day moving average. The stock is maintaining its upwards trend as this is confirmed by the upward trend line which…

Technical AnalysisBy sharptrader

EUR/USD- Broken its downward trend line

The EUR/USD pair has broken its downward trend line on a 4 hour time frame. The price is trading near the upper line of the Bollinger band which means that the volatility is picking up once again and a break of this line will confirm the increase volatility. In terms of pattern, there is no…

Technical AnalysisBy sharptrader

USD/JPY- Price moved from OUR Identified Support zone, Profit of 185 pips

The USD/JPY has bounced from OUR Identified Support zone on a 60 minute time frame. The support zone was provided in our analysis on Friday. The pair moved nearly 185 pips in profit when the risk was only 11 pips, and then retraced back but still in profit of 61 pips. The price has been…

Technical AnalysisBy sharptrader