Technical Analysis
Date:05.10.2021
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 currency pair has been trading higher and is now targeting the resistance level of 1.3605. However, MACD signals indicating diminishing bullish trand indicate that the pair may trade down in a technical correction approaching the support level 1.3605. | R1 R2 | 1.3605 1.3745 | S1 S2 | 1.3435 1.3300 |
| EURUSD | EURUSD moved down after a previous pullback from the 1.1610 barrier level. MACD signals indicating dwindling bullish trend point to the pair extending its losses towards the support of 1.1515. | R1 R2 | 1.1610 1.1690 | S1 S2 | 1.1515 1.1440 |
| USDJPY | USDJPY moved higher after a previous recovery from the 110.75 support level. MACD indicators that indicate dwindling bearish trend imply that the pair may continue its recovery towards the barrier level 111.50. | R1 R2 | 111.50 112.15 | S1 S2 | 110.75 110.05 |
| AUDUSD | AUDUSD moved down after a pullback from its previous high. MACD indicators that indicate dwindling bullish trend imply that the pair may continue its pullback towards the support level 0.7235. | R1 R2 | 0.7335 0.7415 | S1 S2 | 0.7235 0.7150 |
| NZDUSD | NZDUSD has been trading downward and is now challenging the 0.6915 support level. MACD indicators that indicate dwindling bullish trend imply that the pair may continue its losses after a breach below the support level. | R1 R2 | 0.6990 0.7075 | S1 S2 | 0.6915 0.6815 |
| USDCAD | USDCAD moved higher after a previous recovery from the 1.2585 support level. The MACD indicator, which indicates decreasing bullish trend, suggests that the pair will continue its recovery towards the resistance level 1.2695. | R1 R2 | 1.2695 1.2770 | S1 S2 | 1.2585 1.2510 |
| USDCHF | USDCHF moved higher after a previous recovery from the 0.9240 support level. MACD indicates a decreasing bearish trend signal, indicating that the pair will continue its recovery towards the resistance level 0.9310. | R1 R2 | 0.9310 0.9375 | S1 S2 | 0.9240 0.9185 |
| Crude Oil | Crude oil has been trading higher and is now challenging the resistance level of 78.75. The MACD indicator, which indicates bullish trend, suggests that the commodity will extend its gains if it breaks over the barrier level. | R1 R2 | 78.75 80.45 | S1 S2 | 76.40 74.20 |
| XAUUSD | Crude oil has been trading higher and is now challenging the resistance level of 78.75. The MACD indicator, which indicates bullish trend, suggests that the commodity will extend its gains if it breaks over the barrier level. | R1 R2 | 1779.70 1806.85 | S1 S2 | 1747.05 1721.65 |
| 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.