Technical Analysis
Date:06.10.2022
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 lower and is currently testing the 1.1350 support level. However, MACD, which showed bullish bias trend, suggests that the pair will experience a technical correction in the near term. | R1 R2 | 1.1620 1.1835 | S1 S2 | 1.1350 1.1185 |
| EURUSD | EURUSD has been trading lower and is currently testing the 0.9910 support level. However, MACD, which showed bullish bias trend, suggests that the pair will experience a technical correction in the near term. | R1 R2 | 1.0025 1.0125 | S1 S2 | 0.9910 0.9830 |
| USDJPY | The USDJPY was trading higher after breaking through the previous resistance level at 144.10. The MACD indicator, which showed diminishing bearish trend, suggests that the pair will extend its gains toward the resistance level at 145.15. | R1 R2 | 145.15 145.75 | S1 S2 | 144.10 143.45 |
| AUDUSD | The AUDUSD has been trading higher and is currently testing the resistance level of 0.6530. MACD, which showed bullish bias trend, suggests that the pair will extend its gains after successfully breaking through the resistance level. | R1 R2 | 0.6530 0.6640 | S1 S2 | 0.6400 0.6285 |
| NZDUSD | NZDUSD is currently trading higher, testing the resistance level of 0.5775. The MACD indicator, which showed a bullish bias trend, suggests that the pair will extend its gains after its candle successfully closed above the resistance level. | R1 R2 | 0.5775 0.5845 | R1 R2 | 0.5710 0.5625 |
| USDCAD | USDCAD is currently trading higher, testing the resistance level of 1.3600. MACD, which showed bearish bias trend, suggests that the pair will experience a technical correction in the near term. | R1 R2 | 1.3600 1.3715 | R1 R2 | 1.3505 1.3400 |
| USDCHF | The USDCHF has been trading lower and is currently testing the upward trend line. The MACD indicator, which shows a bearish bias in trend, suggests that the pair will extend its losses after successfully breaking below the upward trend line. | R1 R2 | 0.9825 0.9920 | S1 S2 | 0.9750 0.9675 |
| Crude Oil | The price of Crude Oil increased after breaking above the previous downward trendline. The MACD indicator, which showed a bullish bias trend, suggests that the commodity will extend its gains toward the resistance level of 89.45. | R1 R2 | 89.45 96.65 | S1 S2 | 86.15 80.60 |
| XAUUSD | The Gold Price has risen and is currently testing the upward trendline. MACD, which showed a bullish bias trend, suggests that the commodity will extend its gains after successfully breaking through the resistance level. | R1 R2 | 1725.15 1766.50 | S1 S2 | 1693.35 1661.40 |
| 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.