Technical Analysis
Date: 06.07.2022
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. The MACD, which showed growing bearish trend, suggests that the pair will extend its losses after the breakthrough. | R1 R2 | 1.2190 1.2400 | S1 S2 | 1.1935 1.1660 |
| EURUSD | The EURUSD has been trading downward and is presently challenging the support level. The MACD, which showed increasing bearish trend, suggests that the pair will extend its losses after the breakthrough. | R1 R2 | 1.0385 1.0575 | S1 S2 | 1.0205 1.0060 |
| USDJPY | Following a previous retreat from the resistance level, the USDJPY was traded lower. MACD, which showed growing bearish trend, suggests that the pair will continue its losses near the support level. | 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. However, the MACD, which showed diminishing bearish trend, suggests that the pair will continue its advances near the resistance level. | R1 R2 | 0.6875 0.6990 | S1 S2 | 0.6760 0.6615 |
| NZDUSD | NZDUSD was trading down after breaking below the previous support level. MACD, which showed growing bearish trend, suggests that the pair's losses will be extended. | R1 R2 | 0.6215 0.6365 | R1 R2 | 0.6070 0.5935 |
| USDCAD | The USDCAD is now trading higher while testing the resistance level. However, the MACD, which showed falling bullish trend, suggests that the pair should be traded down as a technical correction. | R1 R2 | 1.3050 1.3185 | R1 R2 | 1.2925 1.2840 |
| USDCHF | The USDCHF has been trading higher and is presently challenging the barrier 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 | 0.9715 0.9780 | S1 S2 | 0.9625 0.9510 |
| Crude Oil | The price of Crude Oil has fallen and is presently challenging a support level. MACD, which indicated increasing bearish trend, suggests that the commodity will prolong its losses following the breakout. | R1 R2 | 103.40 107.60 | S1 S2 | 98.70 95.20 |
| XAUUSD | The Gold price has been trading downward and is presently challenging the support level. MACD, which indicated increasing bearish trend, suggests that the commodity will extend its losses following the breakout. | R1 R2 | 1811.50 1849.95 | S1 S2 | 1765.75 1727.30 |
| 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.