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Technical Analysis

Date: 10.05.2022

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 is now trading at the resistance level of 1.2430. MACD, which showed growing great traction, suggests that the pair would continue its gains after breaking over the resistance level.	R1 R2	1.2430 1.2625	S1 S2	1.2245 1.2010
EURUSD	The EURUSD was trading higher after previously rebounding from the support level. The MACD, which showed growing bullish trend, suggests that the pair will continue its advances into the resistance level.	R1 R2	1.0635 1.0775	S1 S2	1.0485 1.0315
USDJPY	Following a previous retreat from the barrier level, the USDJPY was traded lower. MACD, which showed growing bearish trend, suggests that the pair will continue its losses near the support level.	R1 R2	131.05 132.65	S1 S2	128.95 127.15
AUDUSD	The AUDUSD was trading lower after breaking below the last support level. MACD, which showed growing bearish trend, suggests that the pair will continue its losses near the support level.	R1 R2	0.7000 0.7260	R1 R2	0.6710 0.6510
NZDUSD	NZDUSD was trading down after breaking below the previous support level. However, MACD, which shows fading bearish trend, suggests that the pair will trade higher as a technical correction.	R1 R2	0.6400 0.6550	R1 R2	0.6260 0.6135
USDCAD	The USDCAD is now trading higher, testing the resistance level around 1.3020. MACD, which showed growing bullish trend, suggests that the pair will extend its gains after the breakthrough.	R1 R2	1.3020 1.3185	S1 S2	1.2890 1.2760
USDCHF	The USDCHF has been trading higher and is presently challenging the ressitance level. The MACD, which showed growing bearish trend, suggests that the pair will trade lower as a technical correction.	R1 R2	0.9930 1.0020	S1 S2	0.9850 0.9715
Crude Oil	The price of Crude oil has fallen and is presently challenging a support level. The MACD, which showed growing bearish trend, suggests that the pair will extend its losses after the breakthrough.	R1 R2	104.20 108.20	S1 S2	100.40 95.60
XAUUSD	Following the previous bounce from the support level, the Gold price was traded higher. MACD, which showed growing bullish trend, indicates that the commodity will continue its advances into the resistance level.	R1 R2	1870.85 1888.25	S1 S2	1850.60 1828.45
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.