Technical Analysis
Date: 08.09.2022
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 lower after retracing from the resistance level at 1.1620. However, MACD, which showed diminishing bearish trend, suggests that the pair will experience a technical rebound in the short term. | R1 R2 | 1.1620 1.1775 | S1 S2 | 1.1465 1.1350 |
EURUSD | The EURUSD is currently trading higher, testing the resistance level of 1.0000. The MACD indicator, which showed a bullish bias trend, suggests that the pair will extend its gains after successfully breaking above the resistance level at 1.0000. | R1 R2 | 1.0000 1.0075 | S1 S2 | 0.9910 0.9820 |
USDJPY | USDJPY is currently testing the resistance level at 144.15, and MACD, which shows bullish bias trend, suggests that the pair will extend its gains after successfully breaking above the resistance level. | R1 R2 | 144.15 146.50 | S1 S2 | 141.50 139.25 |
AUDUSD | The AUDUSD has been trading lower and is currently testing the 0.6725 support level. MACD, which displayed bearish bias trend, suggests that the pair will extend its losses after successfully breaking below the support level. | R1 R2 | 0.6860 0.6985 | S1 S2 | 0.6725 0.6640 |
NZDUSD | NZDUSD has been trading lower and is currently testing the 0.6050 support level. The MACD indicator, which shows a bearish bias trend, suggests that the pair will extend its losses after successfully breaking below the support level. | R1 R2 | 0.6140 0.6245 | R1 R2 | 0.6050 0.5925 |
USDCAD | USDCAD was trading lower after retracing from the resistance level at 1.3140. MACD, which showed diminishing bullish trend, suggests that the pair will extend losses toward the 1.3050 support level. | R1 R2 | 1.3140 1.3220 | R1 R2 | 1.3050 1.2985 |
USDCHF | USDCHF was trading lower after retracing from the resistance level of 0.9825. MACD, which showed diminishing bullish trend, suggests that the pair will extend its losses toward the 0.9750 support level. | R1 R2 | 0.9825 0.9875 | S1 S2 | 0.9750 0.9675 |
Crude Oil | The price of Crude Oil fell after breaking below the previous support level at 83.50. The MACD indicator, which showed a bearish bias trend, suggests that the commodity will extend its losses toward the support level at 80.60. | R1 R2 | 83.50 86.15 | S1 S2 | 80.60 78.20 |
XAUUSD | The Gold price rose after previously rebounding from the support level of 1707.90. MACD, which showed diminishing bearish trend, suggests that the commodity will extend its gains toward the 1729.25 resistance level. | R1 R2 | 1729.25 1770.05 | S1 S2 | 1707.90 1678.80 |
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.