Technical Analysis
Date: 01.06.2022
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 | GBPUSD has been trading downward and is presently challenging the 1.2585 support level. The MACD indicator, which shows a bearish bias trend, suggests that the pair will continue its losses after successfully breaking below the support level. | R1 R2 | 1.2700 1.2825 | S1 S2 | 1.2585 1.2425 |
EURUSD | The EURUSD was trading lower after a previous retreat from the resistance level at 1.0770. MACD, which indicated bearish bias trend, suggests that the pair would extend its decline into the 1.0695 support level. | R1 R2 | 1.0770 1.0660 | S1 S2 | 1.0695 1.0640 |
USDJPY | The USDJPY is now challenging the levels of resistance at 128.80, and the MACD, which shows fading bearish trend, suggests that the pair will extend its gains after successfully breaking over the resistance level. | R1 R2 | 128.80 131.35 | S1 S2 | 126.95 125.05 |
AUDUSD | The AUDUSD was trading higher after breaking over the previous resistance level at 0.7120. The bullish trend indicated by MACD suggests that the pair will continue its advances approaching the resistance level at 0.7260. | R1 R2 | 0.7260 0.7345 | R1 R2 | 0.7120 0.7035 |
NZDUSD | NZDUSD was trading lower after retracing from the resistance level at 0.6545. MACD, which showed weakening bullish trend, suggests that the pair will extend its losses into the 0.6430 support level. | R1 R2 | 0.6545 0.6635 | R1 R2 | 0.6430 0.6365 |
USDCAD | USDCAD was trading down after breaking below the last support level at 1.2655. MACD, which indicated a bearish bias trend, suggests that the pair may continue its losses into the 1.2590 support level. | R1 R2 | 1.2655 1.2715 | S1 S2 | 1.2590 1.2515 |
USDCHF | The USDCHF is now trading higher, testing the resistance level of 0.9590. The MACD indicator, which showed diminishing bearish trend, suggests that the pair will continue its gains after successfully breaking above the resistance level. | R1 R2 | 0.9590 0.9665 | S1 S2 | 0.9520 0.9450 |
Crude Oil | The price of Crude oil fell after breaking above the last support level at 116.50. The MACD indicator, which showed a bearish bias trend, suggests that the commodity will continue its losses approaching the support level at 113.50. | R1 R2 | 116.50 119.00 | S1 S2 | 113.50 110.70 |
XAUUSD | The Gold price fell after breaking below the last support level at 1850.00. The MACD, which showed a bearish bias trend, suggests that the commodity will extend its losses approaching the support level of 1830.00. | R1 R2 | 1850.00 1871.65 | S1 S2 | 1830.00 1809.00 |
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.