Technical Analysis
Date: 01.07.2022
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 was trading down after breaking below the previous support level at 1.2175. MACD, which showed weakening bullish trend, suggests that the pair will extend its losses into the 1.1980 support level. | R1 R2 | 1.2175 1.2370 | S1 S2 | 1.1980 1.1800 |
| EURUSD | The EURUSD was trading higher after previously rebounding from the upward trendline. However, MACD, which showed bearish bias trend, suggests that the pair will see a technical correction in the near future. | R1 R2 | 1.0500 1.0640 | S1 S2 | 1.0370 1.0300 |
| USDJPY | The USDJPY has been trading downward and is presently challenging the 135.25 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 at 135.25. | R1 R2 | 136.65 138.00 | S1 S2 | 135.25 133.15 |
| AUDUSD | The AUDUSD has been trading downward and is presently approaching the 0.6850 support level. However, MACD, which showed falling bearish trend, suggests that the pair will have a technical comeback in the near future. | R1 R2 | 0.6945 0.7010 | S1 S2 | 0.6850 0.6790 |
| NZDUSD | NZDUSD has been trading downward and is presently approaching the 0.6225 support level. MACD, which indicated bearish bias trend, suggests that the pair would prolong its losses after successfully breaking below the 0.6225 support level. | R1 R2 | 0.6285 0.6365 | R1 R2 | 0.6225 0.6145 |
| USDCAD | The USDCAD was trading higher after previously rebounding from the upward trendline. The bearish trend indicated by MACD suggests that the pair will continue its advances approaching the resistance level at 1.2910. | R1 R2 | 1.2910 1.2975 | R1 R2 | 1.2835 1.2775 |
| USDCHF | The USDCHF was trading higher after previously rebounding from the support level of 0.9520. However, MACD, which showed diminishing bearish trend, suggests that the pair will continue its advances into the 0.9590 resistance level. | R1 R2 | 0.9590 0.9665 | S1 S2 | 0.9520 0.9450 |
| Crude Oil | The price of Crude Oil has fallen and is presently testing an upward trendline. The commodity's MACD, which showed a bearish bias trend, suggests that it may prolong its losses after effectively breaking below the upward trendline. | R1 R2 | 106.60 110.50 | S1 S2 | 101.85 98.20 |
| XAUUSD | The Gold price fell after breaking below the last support level at 1808.30. The MACD, which showed a bearish bias trend, suggests that the commodity will prolong its losses near the support level of 1792.30. | R1 R2 | 1808.30 1832.95 | S1 S2 | 1792.30 1765.40 |
| 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.