Technical Analysis
Date:01.12.2021
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 currency pair has been trading higher and is presently challenging the resistance level of 1.3315. MACD signals indicating declining bearish trend imply that the pair may prolong its comeback after a breach above resistance level 1.3315. | R1 R2 | 1.3315 1.3430 | S1 S2 | 1.3195 1.3055 |
| EURUSD | The EURUSD currency pair moved in a sideways channel. However, MACD signals indicating a bullish trend imply that the pair may move higher after a break over the resistance level 1.1375. | R1 R2 | 1.1375 1.1455 | S1 S2 | 1.1275 1.1170 |
| USDJPY | USDJPY moved higher after an earlier recovery from the 113.20 support level. MACD signals indicating declining bearish trend and the creation of a golden cross indicate that the pair will prolong its comeback towards the resistance level 114.60. | R1 R2 | 114.60 115.85 | S1 S2 | 113.20 112.00 |
| AUDUSD | The AUDUSD currency pair continues to trade in a sideways pattern after a recent bounce from the 0.7105 support level. However, MACD indicators that indicate bullish trend predict that the pair will prolong its comeback approaching the resistance level 0.7190. | R1 R2 | 0.7190 0.7260 | S1 S2 | 0.7105 0.7005 |
| NZDUSD | NZDUSD moved higher after an earlier recovery from the 0.6815 support level. The MACD indicator, which indicates a bullish trend signal, suggests that the pair will continue its recovery toward the resistance level 0.6905. | R1 R2 | 0.6905 0.6980 | S1 S2 | 0.6815 0.6725 |
| USDCAD | USDCAD moved down after breaking below the last support level of 1.2765. The MACD indicator, which indicates a bearish trend signal, indicates that the pair will continue its losses towards the support level 1.2615. | R1 R2 | 1.2765 1.2865 | R1 R2 | 1.2615 1.2505 |
| USDCHF | USDCHF has been trading higher and is presently targeting resistance around 0.9225. MACD indicators that indicate dwindling bearish trend predict that the pair will prolong its comeback if it breaks above resistance level 0.9225. | R1 R2 | 0.9225 0.9300 | R1 R2 | 0.9145 0.9085 |
| Crude Oil | Crude oil prices have been trading upward and are presently testing resistance around 68.25. MACD indicators that indicate dwindling bearish trend predict that the commodity will sustain its comeback after breaking above the barrier level. | R1 R2 | 68.25 72.10 | S1 S2 | 65.25 61.70 |
| XAUUSD | The gold price fell after a previous fall below the previous support level of 1781.35. The MACD indicator, which displays a bearish trend signal with the creation of a death cross, indicates that the commodity will continue its losses towards the support level 1748.55. | R1 R2 | 1781.35 1807.85 | S1 S2 | 1748.55 1725.70 |
| 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.