Technical Analysis
Date: 04.02.2022
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 higher and is presently challenging the 1.3595 resistance level. However, MACD's declining bullish trend suggests that the pair may trade lower in the immediate term as a technical correction. | R1 R2 | 1.3595 1.3715 | S1 S2 | 1.3450 1.3340 |
EURUSD | EURUSD surged higher after breaking over the prior resistance level at 1.1380. MACD's growing bullish trend suggests that the pair will continue its advances approaching the 1.1525 resistance level. | R1 R2 | 1.1525 1.1680 | S1 S2 | 1.1380 1.1200 |
USDJPY | USDJPY moved down after a previous fall below the 114.95 support line. MACD, which indicated dwindling bullish trend, suggests the pair may continue its losses into the 113.65 support level. | R1 R2 | 114.95 115.65 | S1 S2 | 113.65 112.85 |
AUDUSD | The AUDUSD has been trading downward and is presently approaching the 0.7125 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 | 0.7205 0.7270 | S1 S2 | 0.7125 0.7065 |
NZDUSD | NZDUSD moved higher after a previous comeback from the 0.6550 support level. MACD, which indicated dwindling bearish trend, suggests the pair may continue its advances into the 0.6710 resistance level. | R1 R2 | 0.6710 0.6865 | S1 S2 | 0.6550 0.6430 |
USDCAD | USDCAD has been trading downward and is presently trading at the 1.2625 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 | 1.2825 1.2950 | S1 S2 | 1.2625 1.2475 |
USDCHF | USDCHF has been trading downward and is presently approaching the 0.9180 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 | 0.9270 0.9345 | S1 S2 | 0.9180 0.9095 |
Crude Oil | Crude oil prices have been trading upward and are presently hitting the 92.40 resistance level. MACD's growing bullish trend indicates that the commodity is likely to prolong its gains after a successful breach over the resistance level. | R1 R2 | 92.40 99.65 | S1 S2 | 84.25 75.00 |
XAUUSD | Gold prices have been trading higher and are presently challenging the 1811.35 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 | 1811.35 1828.00 | S1 S2 | 1786.30 1762.20 |
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.