Technical Analysis
Date: 05.04.2022
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 |
---|---|---|---|---|---|
GBPUSD | GBPUSD has been trading downward and is presently challenging support. After the breakthrough, the MACD, which showed increased bearish trend, suggests the pair will extend its losses. | R1 R2 | 1.3195 1.3285 | S1 S2 | 1.3090 1.3010 |
EURUSD | Following a recent breakthrough below the previous support level, the EURUSD was traded lower. However, the MACD indicator, which showed decreasing bearish trend, suggests that the pair should be traded upward as a technical correction. | R1 R2 | 1.1135 1.1245 | S1 S2 | 1.0980 1.0895 |
USDJPY | Following an earlier comeback from the support level, the USDJPY was traded higher. The growing bullish trend of the MACD suggests that the pair will extend its gains. | R1 R2 | 123.55 125.55 | S1 S2 | 121.30 118.95 |
AUDUSD | The AUDUSD has been trading higher as it approaches the barrier level. However, the MACD indicator, which shows growing bearish trend, suggests that the pair will be traded lower as a technical correction. | R1 R2 | 0.7525 0.7595 | R1 R2 | 0.7395 0.7280 |
NZDUSD | Following an earlier retreat from the resistance level, the NZDUSD was traded lower. The growing bearish trend of the MACD suggests that the pair will continue to lose ground. | R1 R2 | 0.6975 0.7045 | R1 R2 | 0.6900 0.6800 |
USDCAD | The USDCAD has been trading lower and is presently testing support. However, the MACD indicator, which shows that negative trend is fading, suggests that the pair will be traded upward as a technical correction. | R1 R2 | 1.2635 1.2750 | S1 S2 | 1.2485 1.2315 |
USDCHF | Following a recent breakthrough below the previous support level of 0.9295, the USDCHF was traded lower. However, the MACD indicator, which showed decreasing bearish trend, suggests that the pair should be traded upward as a technical correction. | R1 R2 | 0.9295 0.9425 | S1 S2 | 0.9115 0.9035 |
Crude Oil | The price of crude oil has been trading downward, and it is presently challenging the support level. However, the declining bearish trend of the MACD suggests that the commodity will be traded upward as a technical correction. | R1 R2 | 101.50 107.10 | S1 S2 | 97.15 92.50 |
XAUUSD | The price of gold has been trading downward, and it is presently challenging the support level. The commodity's MACD, which indicated increasing bearish trend, suggests the commodity will extend its losses following the breakout. | R1 R2 | 1944.55 1973.00 | S1 S2 | 1912.60 1881.35 |
Instrument | Description ( H4 Timeframe ) | R | Resistance levels | S | Support |
⊗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.