Technical Analysis
Date:06.10.2021
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 | GBPUSD has been trading downward and is now challenging the 1.3605 support level. MACD indicators that indicate dwindling bullish trend imply that the pair may continue its losses after a breach below the support level 1.3605. | R1 R2 | 1.3745 1.3875 | S1 S2 | 1.3605 1.3435 |
| EURUSD | EURUSD moved down after a recent breach below the 1.1610 support area. 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 | The USDJPY strengthened after a recent breakthrough over the previous barrier level of 111.50. The MACD indicator, which displays a bullish trend signal in the shape of a golden cross, suggests that the pair will continue its gains towards the resistance level 112.15. | R1 R2 | 112.15 112.60 | S1 S2 | 111.50 110.75 |
| AUDUSD | The AUDUSD has been trading downward and is now challenging the 0.7335 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 | 0.7335 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 0.6915. | 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. MACD signals indicating decreasing bearish trend point to the pair extending its recovery approaching the resistance level 1.2695. | R1 R2 | 1.2695 1.2770 | S1 S2 | 1.2585 1.2510 |
| USDCHF | USDCHF moved higher after a recent recovery from the 0.9240 support level. MACD signals indicating decreasing negative trend and the development of a golden cross indicate 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 hitting resistance around 79.40. However, MACD signals indicating dwindling bullish trend indicate that the commodity may trade down in a technical correction below the support level 76.40. | R1 R2 | 79.40 82.50 | S1 S2 | 76.40 74.20 |
| XAUUSD | Gold has been trading downward and is now challenging the 1747.05. support level. The MACD indicator, which demonstrates a bearish trend signal with the development of a death cross, indicates that the commodity will continue its losses after breaking below the support 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.