031121 Session Analysis | Forex Brokers | MT5 & TradingView Platform

Technical Analysis

Date:03.11.2021

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 pound was trading lower against the dollar after breaking below the last support level of 1.3650. However, the MACD indicator, which shows a falling bearish trend signal, suggests that the pair will face a technical correction when it regains control of the resistance level.	R1 R2	1.3650 1.3735	S1 S2	1.3450 1.3420
EURUSD	Following an earlier retreat from the resistance level of 1.1615, the EURUSD fell lower on the day. The MACD indicator, which shows a positive momentum signal, suggests that the pair will prolong its pullback towards the support of 1.1535 in the near term.	R1 R2	1.1615 1.1680	S1 S2	1.1535 1.1455
USDJPY	Following the recent retreat from the resistance level of 114.60, the USDJPY has been trading in a sideways pattern. Although the MACD indicates a bearish trend signal, the pair is expected to prolong its retracement in the near term, approaching the support level 113.20, according to the indicator.	R1 R2	114.60 115.85	S1 S2	113.20 112.00
AUDUSD	The Australian dollar fell against the US dollar after breaking below the previous support level of 0.7455. The MACD indicator, which shows an ongoing bearish trend signal, suggests that the pair may continue its losses towards the support level of 0.7385 in the near future.	R1 R2	0.7455 0.7550	S1 S2	0.7385 0.7310
NZDUSD	The New Zealand dollar was trading down against the US dollar after a recent breach below the prior support level of 0.7080. The MACD indicator, which shows an ongoing bearish trend signal, suggests that the pair may continue its losses towards the support level of 0.7080 in the near future.	R1 R2	0.7155 0.7230	S1 S2	0.7080 0.6990
USDCAD	USDCAD continues to trade in a sideways trend, with the pair now attempting resistance at the level of 1.2410. However, the MACD indicator, which indicates an ongoing bullish trend signal, suggests that the pair will continue to move higher after breaking over the resistance level.	R1 R2	1.2410 1.2500	S1 S2	1.2295 1.2200
USDCHF	The USDCHF has been trading higher recently, and it is presently challenging the resistance level of 0.9145. After breaking over the resistance level of 0.9145, the MACD indicator, which indicates a bullish trend signal, suggests that the pair will continue to gain ground.	R1 R2	0.9145 0.9215	S1 S2	0.9060 0.8990
Crude Oil	The price of crude oil has been trading downward, and it is presently challenging the support level of 81.20. In conjunction with the development of the death cross, the MACD indicator indicates that the commodity will prolong its losses if it falls below the support level.	R1 R2	84.75 88.40	S1 S2	81.20 79.10
XAUUSD	The gold price has been trading down as it attempts to break below the support level of 1779.95. The MACD indicator, which displays a bearish trend signal with the development of a death cross, suggests that the commodity would prolong its losses if it fails to break below the support level.	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.