Technical Analysis
Date:05.01.2022
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 | The GBPUSD has been trading higher after a recent breach over the previous resistance level at 1.3475. MACD's growing bullish trend suggests that the pair will continue its advances approaching the 1.3615 resistance level. | R1 R2 | 1.3615 1.3690 | S1 S2 | 1.3475 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 | USDJPY has been trading higher and is presently challenging the resistance level at 116.10. The MACD indicator, which indicated growing bullish trend, suggests that the pair would extend its gains after a successful breakthrough over the resistance level. | R1 R2 | 116.10 118.70 | S1 S2 | 112.95 110.85 |
| AUDUSD | The AUDUSD has been trading downward and is presently approaching the 0.7175 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 | 0.7365 0.7535 | S1 S2 | 0.7175 0.6995 |
| NZDUSD | NZDUSD moved lower after a previous retreat from the 0.6840 resistance level. However, MACD's declining 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 momentum, 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 declining bearish trend suggests that the pair will continue its gains after a successful breach above the resistance level. | R1 R2 | 0.9175 0.9260 | R1 R2 | 0.9105 0.9035 |
| Crude Oil | Crude oil prices fell after an earlier retreat from the 77.00 barrier level. MACD's growing negative momentum suggests the commodity may continue its losses near the 75.25 support level. | R1 R2 | 77.00 79.00 | R1 R2 | 75.25 72.65 |
| XAUUSD | Gold prices have been trading higher as they approach the resistance level at 1814.90. The MACD indicator, which indicated lessening negative momentum, suggests the commodity would extend its gains with a successful breakthrough over the resistance level. | R1 R2 | 1814.90 1830.55 | 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.