Technical Analysis
Date: 06.04.2022
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 | Following a recent breakthrough below the previous support level, the GBPUSD was traded lower. The growing bearish trend of the MACD suggests that the pair will continue losing value. | R1 R2 | 1.3090 1.3195 | S1 S2 | 1.3010 1.2930 |
| EURUSD | The EURUSD has been trading downward and is presently challenging support. However, the falling bearish trend of the MACD suggests that the pair should be traded upward as a technical correction. | R1 R2 | 1.0955 1.1025 | S1 S2 | 1.0890 1.0795 |
| USDJPY | The USDJPY has been trading higher as it approaches the barrier level. If the pair successfully breaks through the resistance level, the MACD, which indicated increased bullish trend, suggests the pair will continue its gains. | R1 R2 | 124.05 125.20 | S1 S2 | 122.35 121.30 |
| AUDUSD | Following a recent breakthrough below the previous support level, the AUDUSD was traded lower. The declining bullish trend of the MACD suggests that the pair will continue losing value. | R1 R2 | 0.7595 0.7650 | R1 R2 | 0.7545 0.7485 |
| NZDUSD | Following a previous breakout below the previous support level, the NZDUSD was traded lower. The growing bearish trend of the MACD suggests that the pair will continue losing value. | R1 R2 | 0.6980 0.7075 | R1 R2 | 0.6890 0.6800 |
| USDCAD | Following a recent breakout over the previous resistance level, the USDCAD was traded higher. The growing bullish trend of the MACD suggests that the pair will extend its gains. | R1 R2 | 1.2560 1.2605 | S1 S2 | 1.2475 1.2415 |
| USDCHF | Following a recent breakout over the previous resistance level, the USDCHF was traded higher. The growing bullish trend of the MACD suggests that the pair will extend its gains. | R1 R2 | 0.9355 0.9395 | S1 S2 | 0.9295 0.9260 |
| Crude Oil | Following a previous breakthrough below the previous support level, the price of crude oil was traded downward. The declining bullish trend of the MACD suggests that the commodity will continue losing value. | R1 R2 | 103.75 108.40 | S1 S2 | 98.55 93.65 |
| XAUUSD | The price of gold has been trading downward, and it is presently challenging the support level. However, the falling bearish trend of the MACD suggests that the commodity will be traded upward as a technical correction. | R1 R2 | 1948.15 1990.10 | S1 S2 | 1912.05 1880.20 |
| 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.