Technical Analysis | Sharp Trader

CAC40- Under Selling pressure, Will you trade?

The CAC 40 index is trading below the downward trend line on a daily time frame. This shows that as long as the price is trading below this trend line, the trend remains towards the downside. The perfect definition of a down trend. The volatility for the index is not high because, it has not…

Technical AnalysisBy sharptrader

Copper- Fundamental Vs Technicals

Fundamentals Copper is mostly up on the back of the optimism that it is almost certain that we will see some more help from the PBOC to boost the growth in the country. The bank cannot afford a slower growth and in our view the bank will take all measures within its power not to…

Technical AnalysisBy sharptrader

GBP/USD- Two bullish patterns formed

The GBP/USD pair is trading in an upward trend on a 30 minute time frame. We have two important patterns formed on this time frame. Firstly, it is the reverse head and shoulder pattern and the projection of this pattern could push the price in the region 1.58 which is well above the resistance zone…

Technical AnalysisBy sharptrader

Coffee under downward trend

Coffee price is trading below the downward trend line on a 4 hour time frame. This confirms that the trend is towards the downside and as long as the price stays below this trend line, bears are in control of the price. The 50 day (shown in Red) and the 100 day (shown in yellow)…

Technical AnalysisBy sharptrader

Boeing trading in a rectangular pattern, Will you trade?

Boeing is trading mostly in a rectangular pattern on a daily time frame. However, recently, the price action has shown more volatility as the price has pierced the Bollinger band towards the upside. The zone of 137-135 is also a minor resistance zone and it is at this point that we had the price piecing…

Technical AnalysisBy sharptrader

XLE- Energy ETF under pressure

XLE is the ETF which tracks major oil companies and it is under major selling pressure on a daily time frame. The price has pierced the Bollinger band which shows that the volatility for the price is extremely high and at the same time it is far away from the mean price of this indicator…

Technical AnalysisBy sharptrader