Technical Analysis
Date: 05.07.2022
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 the support level. However, MACD, which shows growing bullish trend, suggests that the pair will trade higher as a technical correction. | R1 R2 | 1.2190 1.2295 | S1 S2 | 1.2085 1.1985 |
EURUSD | The EURUSD has been trading downward and is presently challenging the support level. However, MACD, which shows growing bullish trend, suggests that the pair will trade higher as a technical correction. | R1 R2 | 1.0575 1.0780 | S1 S2 | 1.0385 1.0205 |
USDJPY | The USDJPY has been trading higher and is presently challenging the resistance level. MACD, which showed growing bullish trend, suggests that the pair will extend its gains after the breakthrough. | R1 R2 | 136.60 137.70 | S1 S2 | 134.45 131.40 |
AUDUSD | The AUDUSD was trading higher after previously rebounding from the support level. The MACD, which showed diminishing bearish trend, suggests that the pair will continue its advances near the resistance level. | R1 R2 | 0.6990 0.7275 | S1 S2 | 0.6760 0.6495 |
NZDUSD | NZDUSD has been trading downward and is presently challenging the support level. However, MACD, which shows fading bearish trend, suggests that the pair will trade higher as a technical correction. | R1 R2 | 0.6365 0.6535 | R1 R2 | 0.6200 0.6070 |
USDCAD | USDCAD has been trading downward and is presently challenging the support level. The growing bearish MACD suggests that the pair will extend its losses after the breakthrough. | R1 R2 | 1.2975 1.3050 | R1 R2 | 1.2840 1.2765 |
USDCHF | The USDCHF has been trading higher and is presently challenging the ressitance level. However, MACD, which showed falling bullish trend, suggests that the pair will trade down in the immediate term as a technical correction. | R1 R2 | 0.9625 0.9715 | S1 S2 | 0.9510 0.9415 |
Crude Oil | The price of Crude Oil has risen and is presently challenging the resistance level. MACD, which indicated increased bullish trend, suggests that the commodity will prolong its gains following the breakthrough. | R1 R2 | 110.75 113.05 | S1 S2 | 107.95 103.40 |
XAUUSD | The Gold price has been trading upward and is presently challenging the barrier level. MACD, which showed growing bullish trend, suggests that the commodity will prolong its gains after breaking out. | R1 R2 | 1811.00 1831.15 | S1 S2 | 1790.40 1773.35 |
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.