Technical Analysis
Date: 09.02.2022
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 Levels |
---|---|---|---|---|---|
GBPUSD | GBPUSD moved lower after a previous retreat from the 1.3595 barrier level. However, MACD's declining bearish trend suggests that the pair may trade higher in the near term as a technical correction. | R1 R2 | 1.3595 1.3715 | S1 S2 | 1.3450 1.3340 |
EURUSD | EURUSD moved down after a previous retreat from the 1.1475 barrier level. MACD's growing bearish trend suggests the pair may continue its losses near the 1.1380 support level. | R1 R2 | 1.1475 1.1525 | S1 S2 | 1.1380 1.1275 |
USDJPY | The USDJPY has been trading higher and is presently challenging the resistance level at 115.40. The MACD indicator, which indicates growing bullish trend, suggests the pair will extend its gains after a successful breakthrough over the resistance level. | R1 R2 | 115.40 116.25 | S1 S2 | 113.65 112.85 |
AUDUSD | The AUDUSD moved higher after a recent breach over the previous resistance level of 0.7125. MACD's growing bullish trend suggests the pair will continue its advances approaching the 0.7205 resistance level. | R1 R2 | 0.7205 0.7270 | S1 S2 | 0.7125 0.7040 |
NZDUSD | NZDUSD has been trading higher and is presently challenging the 0.6710 resistance level. MACD's growing bullish trend suggests the pair may continue its advances toward the 0.6710 resistance level. | R1 R2 | 0.6710 0.6865 | S1 S2 | 0.6535 0.6430 |
USDCAD | USDCAD has been trading downward and is presently challenging the 1.2625 support level. The MACD indicator, which indicated dwindling bullish trend, suggests that the pair may extend its losses after a successful breach below the support level. | R1 R2 | 1.2825 1.2950 | S1 S2 | 1.2625 1.2475 |
USDCHF | USDCHF moved down after a previous retreat from the 0.9270 resistance level. MACD, which indicated dwindling bullish trend, suggests the pair may continue its losses into the 0.9180 support level. | R1 R2 | 0.9270 0.9345 | S1 S2 | 0.9180 0.9095 |
Crude Oil | Crude oil prices fell after an earlier retreat from the 92.80 barrier level. MACD's growing bearish trend suggests the commodity will prolong its losses near the 88.55 support level. | R1 R2 | 92.80 100.15 | S1 S2 | 84.25 75.00 |
XAUUSD | Gold prices have been trading higher and are presently approaching the 1828.00 resistance level. MACD's growing bullish momentum indicates that the commodity is likely to prolong its gains after a successful breach over the resistance level. | R1 R2 | 1828.00 1847.60 | S1 S2 | 1786.30 1762.20 |
Instrument | 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.