Technical Analysis
Date:03.01.2022
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 Levels |
---|---|---|---|---|---|
GBPUSD | GBPUSD has been trading downward and is presently approaching the 1.3475 support level. MACD's growing bearish trend indicates that the pair will extend its losses after a successful breach below the support level. | R1 R2 | 1.3615 1.3690 | S1 S2 | 1.3475 1.3350 |
EURUSD | EURUSD has been trading downward and is presently targeting the 1.1345 support level. The MACD indicator, which indicated dwindling bullish trend, suggests that the pair may extend its losses after a successful breach below the support level. | R1 R2 | 1.1440 1.1530 | S1 S2 | 1.1345 1.1235 |
USDJPY | The USDJPY has been trading higher and is presently challenging the resistance level at 115.40. The MACD indicator, which indicated fading bearish trend, suggests that the pair will extend its gains after a successful breakthrough over the resistance level. | R1 R2 | 115.40 116.80 | S1 S2 | 114.20 112.80 |
AUDUSD | AUDUSD moved higher after a previous breach over the 0.7175 barrier line. However, MACD's declining bullish trend suggests that the pair may trade lower in the immediate term as a technical correction. | R1 R2 | 0.7365 0.7535 | S1 S2 | 0.7175 0.6995 |
NZDUSD | NZDUSD has been trading higher and is presently approaching the 0.6840 resistance mark. However, MACD's declining bullish trend suggests that the pair may trade lower in the immediate term as a technical correction. | R1 R2 | 0.6840 0.6920 | S1 S2 | 0.6710 0.6570 |
USDCAD | USDCAD has been trading downward and is presently challenging the 1.2625 support level. MACD's growing bearish trend indicates that the pair will extend its losses after a successful breach below the support level. | R1 R2 | 1.2825 1.2940 | R1 R2 | 1.2625 1.2520 |
USDCHF | USDCHF moved higher after an earlier recovery from the 0.9105 support level. The MACD indicator, which indicated lessening bearish trend, suggests that the pair will continue its advances into the 0.9175 resistance level. | R1 R2 | 0.9175 0.9260 | R1 R2 | 0.9105 0.9035 |
Crude Oil | Crude oil prices have been trading downward and are presently hitting the 75.30 support level. However, MACD's declining bearish trend suggests that the commodity will trade higher in the near future as a technical correction. | R1 R2 | 79.00 81.35 | R1 R2 | 75.30 72.70 |
XAUUSD | Gold prices have been trading higher and are presently challenging the 1830.55 resistance level. However, MACD's declining bullish trend suggests that the commodity will trade down in the near future as a technical correction. | R1 R2 | 1830.55 1850.40 | S1 S2 | 1812.85 1786.30 |
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.