Technical Analysis
Date: 05.09.2022
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 was traded lower following prior breakout below the previous support level. MACD which illustrated increasing bearish trend suggest the pair to extend its losses | R1 R2 | 1.1490 1.1595 | S1 S2 | 1.1410 1.1330 |
EURUSD | The EURUSD was trading lower after breaking below the previous support level. MACD, which showed increasing bearish trend, suggests that the pair's losses will be extended. | R1 R2 | 0.9935 1.0005 | S1 S2 | 0.9860 0.9810 |
USDJPY | The USDJPY has been trading higher and is currently testing the resistance level. However, the MACD, which showed decreasing bullish trend, suggests that the pair should be traded lower as a technical correction. | R1 R2 | 140.70 142.35 | S1 S2 | 139.00 137.55 |
AUDUSD | The AUDUSD has been trading lower and is currently testing the support level. If the pair successfully breaks through the support level, the MACD, which shows decreasing bullish trend, suggests that it will extend its losses. | R1 R2 | 0.6865 0.6930 | S1 S2 | 0.6780 0.6720 |
NZDUSD | NZDUSD has been trading lower and is currently testing the support level. If the pair successfully breaks through the support level, the MACD, which shows decreasing bullish trend, suggests that it will extend its losses. | R1 R2 | 0.6170 0.6270 | R1 R2 | 0.6085 0.6005 |
USDCAD | The USDCAD was trading higher after breaking out above the previous resistance level. However, the MACD, which showed decreasing bullish trend, suggests that the pair should be traded lower as a technical correction. | R1 R2 | 1.3240 1.3320 | R1 R2 | 1.3135 1.3050 |
USDCHF | The USDCHF has been trading higher and is currently testing the resistance level. The decreasing bearish trend indicated by the MACD suggests that the pair will extend its gains if it successfully breaks through the resistance level. | R1 R2 | 0.9840 0.9900 | S1 S2 | 0.9755 0.9680 |
Crude Oil | Crude Oil price was traded higher following prior breakout above the previous resistance level. MACD which illustrated increasing bullish trend suggest the commodity to extend its gains. | R1 R2 | 91.50 94.40 | S1 S2 | 87.95 84.25 |
XAUUSD | The Gold price has risen and is currently testing the resistance level. The MACD, which showed increasing bullish trend, suggests that the commodity will extend its gains if it successfully breaks through the resistance level. | R1 R2 | 1712.80 1731.55 | S1 S2 | 1693.65 1674.85 |
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.