Technical Analysis
Date: 01.11.2022
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 prior retracement from the resistance level, GBPUSD was traded at a lower price. The pair may, however, be traded higher as a result of a technical correction, according to MACD, which showed declining bearish trend. | R1 R2 | 1.1635 1.1835 | S1 S2 | 1.1370 1.1165 |
EURUSD | While currently attempting to overcome the resistance level, EURUSD prices increased. If the pair successfully breaks through the resistance level, the MACD, which showed decreasing bearish trend, suggests that its gains may be extended. | R1 R2 | 0.9905 0.9990 | S1 S2 | 0.9810 0.9730 |
USDJPY | Following a prior breakout above the prior resistance level, USDJPY was traded higher. The MACD indicator's decreasing bearish trend suggests that the pair will continue to gain. | R1 R2 | 150.25 152.80 | S1 S2 | 147.65 144.80 |
AUDUSD | As a result of a prior recovery from the support level, the AUDUSD was traded higher. The MACD indicator's decreasing bearish trend suggests that the pair will continue to gain. | R1 R2 | 0.6470 0.6590 | S1 S2 | 0.6370 0.6265 |
NZDUSD | As a result of a prior recovery from the support level, the AUDUSD was traded higher. The MACD indicator's decreasing bearish trend suggests that the pair will continue to gain. | R1 R2 | 0.5920 0.6015 | R1 R2 | 0.5805 0.5725 |
USDCAD | While currently testing the resistance level, USDCAD prices increased. If the pair successfully breaks through the resistance level, the MACD, which showed decreasing bearish trend, suggests that its gains may be extended. | R1 R2 | 1.3635 1.3820 | R1 R2 | 1.3455 1.3320 |
USDCHF | Following a previous breakout under the previous support level, USDCHF was traded lower. The MACD, which showed declining bullish trend, suggests that the pair will continue to lose ground. | R1 R2 | 1.0005 1.0105 | S1 S2 | 0.9930 0.9860 |
Crude Oil | As a result of a prior recovery from the support level, the price of Crude Oil was traded higher. The commodity may continue to increase in value, according to MACD's decreasing bearish trend indicator. | R1 R2 | 89.00 92.50 | S1 S2 | 86.05 82.45 |
XAUUSD | Following a prior recovery from the support level, the price of Gold was traded higher. The commodity may continue to increase in value, according to MACD's decreasing bearish trend indicator. | R1 R2 | 1655.60 1674.70 | S1 S2 | 1633.35 1616.90 |
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.