Technical Analysis
Date:09.09.2021
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 | GBPUSD has been trading downward and is now challenging the 1.3765 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 | 1.3765 1.3600 |
| EURUSD | EURUSD has been trading downward as a result of a recent break below the prior support level of 1.1830. The MACD indicator, which shows a continuous Bearish trend signal, indicates that the pair will continue its losses towards the support level 1.1770. | R1 R2 | 1.1830 1.1850 | S1 S2 | 1.1770 1.1705 |
| USDJPY | Following a previous pullback from the resistance of 110.20, the USDJPY has been trading upward. The MACD indicator, which shows a weakening bullish trend signal, suggests that the pair may continue its retracement towards the support level 109.60 in the near term. | R1 R2 | 110.20 110.75 | S1 S2 | 109.60 109.15 |
| AUDUSD | The AUDUSD has been trading downward and is now challenging the support level of 0.7330. 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 | 0.7415 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 increased in price after a recent breakthrough over the previous resistance level of 1.2685. MACD indicators, which indicate an ongoing bullish trend signal, indicate that the pair is likely to continue its gains approaching the resistance level 1.2770. | R1 R2 | 1.2770 1.2870 | S1 S2 | 1.2685 1.2585 |
| USDCHF | USDCHF has been trading downward and is now challenging the 0.9200 support level. MACD indicators that indicate a bullish trend imply that the pair may continue its losses after a breach below the support level. | R1 R2 | 0.9245 0.9310 | S1 S2 | 0.9200 0.9100 |
| Crude Oil | The price of crude oil increased after a recent recovery from the support level of 68.05. The MACD indicator, which displays a bullish trend signal in the shape of a golden cross, suggests that the commodity will continue its recovery toward the resistance level 70.55. | R1 R2 | 70.55 74.30 | S1 S2 | 68.05 65.35 |
| XAUUSD | The gold price fell after a previous break below the previous support level of 1792.35. MACD signals indicating a continuous Bearish trend point to the commodity extending its losses approaching the support of 1760.35. | R1 R2 | 1792.35 1831.85 | S1 S2 | 1760.35 1725.50 |
| 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.