Technical Analysis
Date: 08.04.2022
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 was trading down after breaking below the last support level. However, the MACD, which showed growing bullish trend, suggests that the pair should be traded higher as a technical correction. | R1 R2 | 1.3090 1.3195 | S1 S2 | 1.3010 1.2930 |
| EURUSD | The EURUSD was trading downward after breaking below the last 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 1.1080 | S1 S2 | 1.0795 1.0685 |
| USDJPY | The USDJPY has been trading higher and is presently challenging the barrier level. However, the MACD, which showed declining bullish trend, 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. However, the MACD, which showed diminishing bearish trend, suggests that the pair should be traded upward as a technical correction. | R1 R2 | 0.7480 0.7535 | R1 R2 | 0.7410 0.7365 |
| NZDUSD | NZDUSD was trading down after breaking below the previous support level. However, the MACD, which showed diminishing bearish trend, suggests that the pair should be traded upward as a technical correction. | R1 R2 | 0.6890 0.6980 | R1 R2 | 0.6800 0.6740 |
| USDCAD | The USDCAD has been trading higher and is presently challenging the barrier level. However, the MACD, which showed declining bullish trend, suggests that the pair should be traded down as a technical correction. | R1 R2 | 1.2605 1.2660 | S1 S2 | 1.2550 1.2475 |
| USDCHF | The USDCHF has been trading higher and is presently challenging the resistance level. 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 upward and is presently challenging the barrier level. However, the MACD, which showed declining bullish trend, suggests that the commodity would trade lower as a technical correction. | 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.