Technical Analysis
Date: 07.04.2022
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 | GBPUSD is now trading higher while testing the resistance level. The falling bearish trend indicated by the MACD suggests that the pair will continue its gains if it successfully breaks through the resistance level. | R1 R2 | 1.3090 1.3195 | S1 S2 | 1.3010 1.2930 |
EURUSD | The EURUSD has been trading downward and is presently challenging the support level. However, the MACD, which showed diminishing bearish trend, 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 and is presently challenging the resistance level. However, the MACD, which showed decreasing bullish momentum, suggests that the pair should be traded down as a technical correction. | R1 R2 | 124.05 125.20 | S1 S2 | 122.35 121.30 |
AUDUSD | The AUDUSD was trading lower after breaking below the last support level. The MACD, which showed growing bearish trend, suggests that the pair's losses would be extended. | R1 R2 | 0.7485 0.7545 | R1 R2 | 0.7415 0.7365 |
NZDUSD | NZDUSD was trading lower after that, and it is presently targeting the support level. The MACD, which showed growing bearish trend, suggests that the pair would extend its losses if it successfully breaks through the support level. | R1 R2 | 0.6980 0.7075 | R1 R2 | 0.6890 0.6800 |
USDCAD | The USDCAD has been trading higher and is presently challenging the resistance level. MACD, which showed growing bullish trend, suggests that the pair would continue its gains if it successfully breaks through the resistance level. | 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. However, the MACD, which showed declining bullish trend, suggests that the pair should be traded down as a technical correction. | R1 R2 | 0.9355 0.9395 | S1 S2 | 0.9295 0.9260 |
Crude Oil | The price of crude oil fell after a previous breakthrough below the previous support level. However, the MACD, which showed diminishing bearish trend, suggests that the commodity would trade upward as a technical correction. | R1 R2 | 98.55 103.75 | S1 S2 | 93.65 89.35 |
XAUUSD | The gold price has been trading downward and is presently challenging the support level. If the commodity successfully breaks through the support level, the MACD, which shows declining bullish trend, suggests that it will prolong its losses. | R1 R2 | 1937.50 1948.15 | S1 S2 | 1917.55 1904.80 |
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.