Technical Analysis
Date: 10.03.2022
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 was traded higher and now targeting the resistance level at 1.3190. MACD which exhibited strong bullish trend indicates the pair to extend its gains once it successfully breakout. | R1 R2 | 1.3190 1.3290 | S1 S2 | 1.3095 1.2985 |
EURUSD | EURUSD was traded higher following the breach above the previous resistance level at 1.0975. MACD which showed growing bullish trend indicates the pair to extend its rise. | R1 R2 | 1.1135 1.1245 | S1 S2 | 1.0975 1.0820 |
USDJPY | USDJPY was traded higher following earlier comeback from the support level at 114.60. MACD which exhibited growing bullish trend advise the pair to continue its gains after it successfully breakthrough the resistance level. | R1 R2 | 116.25 117.50 | S1 S2 | 114.60 113.65 |
AUDUSD | AUDUSD was traded higher following earlier rallied from the lower level. However, MACD which exhibited fading bullish trend indicates the pair will be traded lower in short-term as technical correction. | R1 R2 | 0.7410 0.7525 | S1 S2 | 0.7265 0.7180 |
NZDUSD | NZDUSD was traded lower after earlier pullback from the higher level. MACD which exhibited weakening bullish trend indicates the pair to extend its losses into support level around 0.6715. | R1 R2 | 0.6895 0.7050 | S1 S2 | 0.6715 0.6535 |
USDCAD | USDCAD was traded lower while now challenging the support level. MACD which exhibited growing bearish trend indicates the pair to extend its losses following it breakout. | R1 R2 | 1.2885 1.2950 | S1 S2 | 1.2785 1.2705 |
USDCHF | USDCHF was traded higher while testing the resistance level. MACD which exhibited strong bullish trend indicates the pair to extend its gains following it breakthrough. | R1 R2 | 0.9280 0.9345 | S1 S2 | 0.9175 0.9095 |
Crude Oil | Crude oil price was traded downward while now challenging the support level. MACD which showed growing bearish trend suggest the commodity to extend its losses following successfully breakout. | R1 R2 | 116.80 127.05 | S1 S2 | 107.45 99.45 |
XAUUSD | Gold price was traded downward and now approaching the support level of 1975.00. However, MACD which exhibited reducing bearish trend imply the commodity will be traded higher in short-term as technical correction. | R1 R2 | 1996.85 2016.70 | S1 S2 | 1975.00 1959.60 |
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.