Technical Analysis
Date:04.01.2022
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 1.3445 support level. MACD's growing bearish trend indicates that the pair will extend its losses after a successful break below the support level. | R1 R2 | 1.3545 1.3615 | S1 S2 | 1.3445 1.3350 |
EURUSD | EURUSD moved down after a previous fall from the 1.1345 barrier level. However, MACD's declining bearish trend suggests that the pair may trade higher in the near term as a technical correction. | R1 R2 | 1.1345 1.1440 | S1 S2 | 1.1235 1.1175 |
USDJPY | The USDJPY strengthened after a recent breach over the previous resistance level at 115.40. MACD's growing bullish trend suggests the pair may continue its advances toward the 116.80 barrier line. | R1 R2 | 116.80 117.85 | S1 S2 | 115.40 114.20 |
AUDUSD | The AUDUSD has been trading downward and is presently approaching the 0.7175 support level. The MACD indicator, which indicated decreasing bullish trend, suggests that the pair may extend its losses after a successful break below the support level. | R1 R2 | 0.7365 0.7535 | S1 S2 | 0.7175 0.6995 |
NZDUSD | NZDUSD moved lower after a previous retreat from the 0.6840 barrier level. However, MACD's decreasing bearish trend suggests that the pair may trade higher in the near term as a technical correction. | R1 R2 | 0.6840 0.6920 | S1 S2 | 0.6710 0.6570 |
USDCAD | USDCAD moved higher after an earlier recovery from the 1.2625 support level. The MACD indicator, which indicated diminishing bearish trend, suggests that the pair will continue its advances into the 1.2825 resistance level. | R1 R2 | 1.2825 1.2940 | R1 R2 | 1.2625 1.2520 |
USDCHF | USDCHF has been trading higher and is presently challenging the 0.9175 resistance level. MACD's decreasing bearish trend suggests that the pair will continue its gains after a successful breakout above the 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 decreasing 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 price has been trading down and is presently targeting the 1798.90 support level. MACD indicators indicating increasing bearish trend imply the commodity may extend its losses after a successful break below the support level. | R1 R2 | 1812.85 1830.55 | S1 S2 | 1798.90 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.