Technical Analysis
Date: 01.04.2022
Technical Analysis is a trading discipline that is used to analyze assets and find trading opportunities by examining statistical patterns derived from trading activity, such as price movement and volume. In order to navigate the gap between intrinsic value and market price, traders and investors you may benefit from FXTradium’s daily Analysis.
Instrument | Description ( H4 Timeframe ) | R | Resistance levels | S | Support |
---|---|---|---|---|---|
GBPUSD | Following a previous comeback from the support level, the GBPUSD was traded higher. However, the MACD indicator, which showed a decrease in bullish trend, suggests that the pair will be traded down as a technical correction. | R1 R2 | 1.3195 1.3275 | S1 S2 | 1.3090 1.3010 |
EURUSD | Following a recent breakthrough below the previous support level, the EURUSD was traded lower. The growing bearish trend of the MACD suggests that the pair will continue losing ground. | R1 R2 | 1.1110 1.1230 | S1 S2 | 1.1025 1.0955 |
USDJPY | Following a recent breakout over the previous resistance level, the USDJPY was traded higher. However, the MACD indicator, which showed a decrease in bullish trend, suggests that the pair will be traded down as a technical correction. | R1 R2 | 124.05 125.20 | S1 S2 | 122.35 121.30 |
AUDUSD | Following a recent breakthrough below the previous support level, the AUDUSD was traded lower. However, the falling bearish trend of the MACD suggests that the pair should be traded upward as a technical correction. | R1 R2 | 0.7485 0.7545 | R1 R2 | 0.7420 0.7365 |
NZDUSD | Following an earlier retreat from the resistance level, the NZDUSD was traded lower. The growing bearish trend of the MACD suggests that the pair will continue losing ground. | R1 R2 | 0.6980 0.7075 | R1 R2 | 0.6890 0.6800 |
USDCAD | The USDCAD has been trading lower and is presently testing support. If the pair successfully breaks through the support level, the MACD, which shows declining bullish trend, suggests the pair will extend its losses. | R1 R2 | 1.2560 1.2605 | S1 S2 | 1.2475 1.2415 |
USDCHF | Following a recent breakout over the previous resistance level, the USDCHF was traded higher. The falling bearish trend of the MACD suggests that the pair will extend its gains. | R1 R2 | 0.9260 0.9295 | S1 S2 | 0.9230 0.9195 |
Crude Oil | The price of crude oil has been trading downward, and it is presently challenging the support level. If the commodity successfully breaks through the support level, the MACD, which indicated increasing bearish trend, suggests the commodity would extend its losses. | R1 R2 | 104.45 108.40 | S1 S2 | 99.60 95.35 |
XAUUSD | Following a retreat from a previous barrier level, the gold price has been trading downward. The falling bullish trend of the MACD suggests that the commodity will be traded downward as a technical correction. | R1 R2 | 1945.65 1961.55 | S1 S2 | 1918.45 1893.81 |
Instrument | Description ( H4 Timeframe ) | R | Resistance levels | S | Support |
⊗Please keep in mind that these are just expectations based on the research and investigations of the FXTradium Technical analysis team, and that the final decision on any specific trade will be made by the client.