Technical Analysis
Date: 09.09.2022
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 higher after previously rebounding from the support level at 1.1455. The MACD indicator, which showed diminishing bearish trend, suggests that the pair will extend its gains toward the resistance level at 1.1620. | R1 R2 | 1.1620 1.1775 | S1 S2 | 1.1465 1.1350 |
| EURUSD | The EURUSD is currently trading higher, approaching the 1.0075 resistance level. The MACD indicator, which showed a bullish bias trend, suggests that the pair's gains will be extended after successfully breaking above the resistance level at 1.0075. | R1 R2 | 1.0075 1.0155 | S1 S2 | 1.0000 0.9910 |
| USDJPY | Following a previous retracement from the resistance level at 144.15, the USDJPY was traded lower. MACD, which showed diminishing bullish trend, suggests that the pair will extend its losses toward the 141.50 support level. | R1 R2 | 144.15 146.50 | S1 S2 | 141.50 139.25 |
| AUDUSD | The AUDUSD was trading higher after previously rebounding from the 0.6725 support level. MACD, which showed diminishing bearish trend, suggests that the pair will extend its gains toward the resistance level at 0.6860. | R1 R2 | 0.6860 0.6985 | S1 S2 | 0.6725 0.6640 |
| NZDUSD | NZDUSD was trading higher after previously rebounding from the 0.6050 support level. MACD, which showed diminishing bearish trend, suggests that the pair will extend its gains toward the 0.6140 resistance level. | R1 R2 | 0.6140 0.6245 | R1 R2 | 0.6050 0.5925 |
| USDCAD | USDCAD has been trading lower and is currently testing the 1.3050 support level. The MACD indicator, which shows a bearish bias in trend, suggests that the pair will extend its losses after successfully breaking below the support level. | R1 R2 | 1.3140 1.3220 | R1 R2 | 1.3050 1.2985 |
| USDCHF | The USDCHF has been trading lower and is currently testing the support level of 0.9675. The MACD, which showed a bearish bias trend, suggests that the pair will extend its losses after successfully closing its candle below the support level. | R1 R2 | 0.9750 0.9825 | S1 S2 | 0.9675 0.9590 |
| Crude Oil | Crude Oil price was traded higher while currently testing the resistance level at 83.50. MACD which illustrated diminishing bearish trend suggests the commodity to extend its gains after it successfully breakout above the resistance level. | 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.