011121 Session Analysis | Forex Brokers | MT5 & TradingView Platform

Technical Analysis

Date:01.11.2021

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 Levels
GBPUSD	The GBPUSD exchange rate has fallen, and it is presently challenging the support level of 1.3665. In accordance with the negative bias signal shown by the MACD, the pair is expected to continue its losses after breaking below the support level of 1.3665.	R1 R2	1.3805 1.3880	S1 S2	1.3665 1.3555
EURUSD	The EURUSD exchange rate has fallen, and it is presently probing around the support level of 1.1535. The MACD indicator, which displays a bearish trend signal, suggests that the pair would extend its losses if it falls below the support level.	R1 R2	1.1615 1.1680	S1 S2	1.1535 1.1455
USDJPY	The USDJPY has been trading higher recently, and it is now probing around the resistance level of 114.60. The MACD indicator, which indicates a positive momentum signal, suggests that the pair will continue its gains after breaking over the resistance level of 114.60 this week.	R1 R2	114.60 115.85	S1 S2	113.20 112.00
AUDUSD	The AUDUSD continues to trade in a sideways pattern, with the pair now probing around the support level of 0.7485. However, the MACD indicator, which indicates a bearish trend signal, suggests that the pair will move lower when it falls below the support line.	R1 R2	0.7565 0.7660	S1 S2	0.7485 0.7410
NZDUSD	The New Zealand dollar continues to trade in a sideways pattern, with the pair now targeting the support level of 0.7155. However, the MACD indicator, which indicates a bearish bias signal, suggests that the pair would trade lower if it falls below the support level below the resistance level.	R1 R2	0.7230 0.7300	S1 S2	0.7155 0.7080
USDCAD	The USDCAD have been trading in a sideways channel, with prices now hitting resistance levels such as 1.2410. However, the MACD, which shows a bullish trend signal with the development of a golden cross, suggests that the pair will continue to trade higher if it breaks through the resistance level and breaks through the support level.	R1 R2	1.2410 1.2500	S1 S2	1.2295 1.2200
USDCHF	Because of a recent breakthrough over the previous resistance level of 0.9140, the USDCHF has been trading higher. The creation of a golden cross on the MACD indicator, which indicates a bullish trend signal, suggests that the pair will continue its gains towards the resistance level of 0.9215.	R1 R2	0.9215 0.9295	S1 S2	0.9140 0.9060
Crude Oil	Following a recent comeback from the support level of 81.20, the price of crude oil has been trading upward. The commodity is expected to continue its gains towards the resistance level of 84.55, according to the MACD, which indicates a bullish trend signal.	R1 R2	84.55 88.40	S1 S2	81.20 79.10
XAUUSD	Following an earlier bounce from the support level of 1779.95, the gold price has been trading upward. The commodity is expected to prolong its comeback towards the resistance level of 1808.30, according to the MACD, which shows a shrinking bearish trend signal.	R1 R2	1808.30 1831.50	S1 S2	1779.95 1748.55
Instrument	Description ( H4 Timeframe )	R	Resistance levels	S	Support Levels

⊗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.