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.