Technical Analysis
Date: 05.05.2022
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 is now trading higher while testing the barrier level. MACD, which showed growing bullish trend, suggests that the pair would extend its gains after the breakthrough. | R1 R2 | 1.2625 1.2745 | S1 S2 | 1.2430 1.2245 |
| EURUSD | The EURUSD has been trading higher and is presently challenging the resistance level. MACD, which showed growing bullish trend, suggests that the pair would continue its gains after breaking through the resistance level. | R1 R2 | 1.0635 1.0775 | S1 S2 | 1.0485 1.0315 |
| USDJPY | The USDJPY has been trading downward and is presently challenging the support level. The MACD, which showed growing bearish trend, suggests that the pair will extend its losses after the breakthrough. | R1 R2 | 131.05 132.65 | S1 S2 | 128.95 127.15 |
| AUDUSD | The AUDUSD has been trading higher and is presently challenging the resistance level. MACD, which showed diminishing bearish trend, suggests that the pair would extend its gains after breaking out. | R1 R2 | 0.7260 0.7510 | R1 R2 | 0.7020 0.6720 |
| NZDUSD | The NZDUSD has been trading higher and is presently challenging the resistance level. MACD, which showed growing bullish trend, suggests that the pair would extend its gains after the breakthrough. | R1 R2 | 0.6550 0.6720 | R1 R2 | 0.6400 0.6260 |
| USDCAD | The USDCAD has been trading downward and is presently challenging the support level. The MACD, which showed growing bearish trend, suggests that the pair will extend its losses after the breakthrough. | R1 R2 | 1.2890 1.2960 | S1 S2 | 1.2750 1.2635 |
| USDCHF | The USDCHF has been trading downward and is presently challenging the support level. The MACD, which showed growing bearish trend, suggests that the pair will extend its losses after the breakthrough. | R1 R2 | 0.9850 0.9930 | S1 S2 | 0.9715 0.9575 |
| Crude Oil | The price of Crude oil has risen and is presently challenging the resistance level. MACD, which indicated increased bullish momentum, suggests that the commodity will extend its gains following the breakthrough. | R1 R2 | 108.35 112.05 | S1 S2 | 104.20 100.40 |
| XAUUSD | Following the last breakout over the previous resistance level, the Gold price has moved higher. The commodity's MACD, which showed growing bullish trend, suggests that it will continue its advances into the resistance level. | R1 R2 | 1920.00 1945.05 | S1 S2 | 1883.95 1850.60 |
| 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.