051121 Session Analysis | Forex Brokers | MT5 & TradingView Platform

Technical Analysis

Date:05.11.2021

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 pound was trading down against the dollar after breaking below the previous support level of 1.3545. Because of the continued bearish trend signal given by MACD, the pair may extend its losses towards the support level of 1.3420, according to the indicator.	R1 R2	1.3545 1.3650	S1 S2	1.3420 1.3300
EURUSD	The euro-dollar exchange rate has fallen, and it is presently probing around the support level of 1.1535. However, the MACD indicator, which shows a falling bearish trend signal, suggests that the pair will face a technical pullback towards the resistance level of 1.1615.	R1 R2	1.1615 1.1680	S1 S2	1.1535 1.1455
USDJPY	The USDJPY continues to trade in a sideways pattern. However, the MACD indicator, which indicates a bearish bias signal, suggests that the pair will trade lower in the near term, approaching the support level of 113.20, according to the chart.	R1 R2	114.60 115.85	S1 S2	113.20 112.00
AUDUSD	The Australian dollar fell against the US dollar, which is presently targeting the support level of 0.7385. The MACD indicator, which displays a persistent bearish trend signal, suggests that the pair may continue its losses after breaking below the support level of 0.7385.	R1 R2	0.7455 0.7550	S1 S2	0.7385 0.7310
NZDUSD	The New Zealand dollar was trading down against the US dollar, and it is presently targeting the support level of 0.7080. The MACD indicator, which displays a bearish bias signal, suggests that the pair would extend its losses if it falls below the support zone.	R1 R2	0.7155 0.7230	S1 S2	0.7080 0.6990
USDCAD	Following a recent breach over the prior resistance level of 1.2410, the USDCAD has been trading higher. However, the MACD indicator, which indicates a weakening bullish trend signal, suggests that the pair will face a short-term technical correction back towards the level of 1.2410.	R1 R2	1.2410 1.2500	S1 S2	1.2295 1.2200
USDCHF	In the region of the resistance level of 0.9145, the USDCHF was trading flat. However, the MACD indicator, which shows a fading bullish trend signal, suggests that the pair will trade lower, targeting the support level of 0.9060.	R1 R2	0.9145 0.9215	S1 S2	0.9060 0.8990
Crude Oil	The price of crude oil has been trading downward, and it is presently challenging the support level of 79.10. While the MACD indicates a falling bearish trend signal, the commodity is expected to face a technical pullback towards the resistance level of 81.65, according to the indicator.	R1 R2	81.65 84.75	S1 S2	79.10 75.85
XAUUSD	Gold price was traded higher following prior breakout above the previous resistance level 1779.00. MACD which illustrate persistent bullish momentum signal suggest the commodity to extend its gains towards the resistance level 1808.30.	R1 R2	1808.30 1831.50	S1 S2	1779.95 1748.55
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.