Technical Analysis
Date:08.09.2021
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.
| Instruments | Description ( H4 Timeframe ) | R | Resistance levels | S | Support Levels |
|---|---|---|---|---|---|
| GBPUSD | BPUSD has been trading downward and is now challenging the 1.3760 support level. The MACD indicator, which indicates a bearish trend signal, suggests that the pair would continue its losses after a break below the support level. | R1 R2 | 1.3885 1.3990 | S1 S2 | 1.3760 1.3600 |
| EURUSD | EURUSD has been trading downward and is now challenging the 1.1830 support level. The MACD indicator, which indicates a bearish trend signal, suggests that the pair would continue its losses after a break below the support level. | R1 R2 | 1.1885 1.1950 | S1 S2 | 1.1830 1.1765 |
| USDJPY | The USDJPY strengthened after a recent breakthrough over the previous barrier of 110.15. MACD indicators that indicate a bullish trend point to the pair extending its advances approaching the resistance of 110.75. | R1 R2 | 110.75 111.55 | S1 S2 | 110.15 109.60 |
| AUDUSD | The AUDUSD currency pair has been trading downward after a previous break below the previous support level of 0.7415. The MACD indicator, which shows a continuous bearish trend signal, indicates that the pair will continue its losses towards the support level of 0.7330. | R1 R2 | 0.7415 0.7485 | S1 S2 | 0.7330 0.7250 |
| NZDUSD | NZDUSD has been trading downward and is now challenging the 0.7075 support level. The MACD indicator, which shows a continuous bearish trend signal, suggests that the pair would extend its losses after a break below the support level. | R1 R2 | 0.7145 0.7225 | S1 S2 | 0.7075 0.6990 |
| USDCAD | USDCAD has been trading higher and is now hitting resistance around 1.2685. MACD indicators that indicate bullish trends imply that the pair may continue its gains after a breach over the resistance level of 1.2685. | R1 R2 | 1.2685 1.2770 | S1 S2 | 1.2585 1.2440 |
| USDCHF | USDCHF continues to move in a sideways pattern, presently hitting resistance at 0.9200. However, MACD indicators that indicate a bullish trend imply that the pair may continue its gains after a breach over the barrier level. | R1 R2 | 0.9200 0.9245 | S1 S2 | 0.9100 0.9025 |
| Crude Oil | Crude oil prices have been trading down and are now challenging the support level of 68.05. The MACD indicator, which indicates a bearish trend signal, indicates that the commodity would extend its losses if it falls below the support level. | R1 R2 | 70.55 74.30 | S1 S2 | 68.05 65.35 |
| XAUUSD | The gold price has been trading down and is now challenging the 1792.35 support level. MACD indicators, which indicate a continuing bearish trend signal, imply the commodity may extend its losses if it falls below the support level. | R1 R2 | 1831.85 1866.85 | S1 S2 | 1792.35 1760.35 |
| Instruments | 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.