Technical Analysis
Date: 10.02.2022
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. MACD's growing bearish momentum suggests the pair may continue its losses near the 1.3450 support level. | 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. However, MACD's declining bearish trend suggests that the pair may trade higher in the near term as a technical correction. | 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 115.65. 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 | 115.65 116.25 | S1 S2 | 113.65 112.85 |
| AUDUSD | The AUDUSD moved higher after a recent breach over the previous resistance level of 0.7125. However, MACD's declining bullish trend suggests that the pair may trade lower in the immediate term as a technical correction. | 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 | The price of crude oil fell after a previous retreat from the support level at 90.10. MACD's declining bullish trend suggests the commodity may prolong its losses near the 88.25 support level. | R1 R2 | 90.10 91.05 | S1 S2 | 88.25 86.80 |
| XAUUSD | Gold prices increased after a recent breach over the previous resistance level at 1828.00. However, MACD's declining bullish trend suggests that the commodity will trade down in the near future as a technical correction. | R1 R2 | 1847.60 1867.10 | S1 S2 | 1828.00 1811.35 |
| 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.