Technical Analysis
Date:10.12.2021
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 higher after an earlier recovery from the 1.3210 support level. The MACD indicator, which displays a bullish trend signal in the shape of a golden cross, suggests that the pair will continue its comeback towards the resistance level 1.3315. | R1 R2 | 1.3315 1.3430 | S1 S2 | 1.3210 1.3055 |
| EURUSD | EURUSD continues to move in a sideways pattern and is now probing around the 1.1275 support level. However, MACD signals indicating bearish trend and the development of a death cross imply that the pair would continue its losses after breaking below the support level. | R1 R2 | 1.1355 1.1455 | S1 S2 | 1.1275 1.1170 |
| USDJPY | USDJPY continues to trade in a sideways range after a retreat from the last resistance level of 113.80. However, MACD signals indicating bearish trend and the development of a death cross imply that the pair will prolong its regression towards the support level 112.25. | R1 R2 | 113.80 114.60 | S1 S2 | 112.75 112.00 |
| AUDUSD | The AUDUSD currency pair has been trading downward after a recent retreat from the resistance level of 0.7190. However, MACD signals indicating weakening bullish trend and the beginning of the death cross formation imply that the pair will prolong its decline towards the support level 0.7105. | R1 R2 | 0.7190 0.7260 | S1 S2 | 0.7105 0.7005 |
| NZDUSD | NZDUSD has been trading higher and is presently seeking resistance around 0.6815. MACD indicators that indicate bullish trend predict that the pair may continue its gains after a breach over the resistance level of 0.6815. | R1 R2 | 0.6815 0.6905 | S1 S2 | 0.6725 0.6630 |
| USDCAD | USDCAD moved down after a previous retreat from the 1.2735 barrier level. MACD signals indicating dwindling bullish trend point to the pair extending its losses towards the support level 1.2615. | R1 R2 | 1.2735. 1.2865 | R1 R2 | 1.2615 1.2500 |
| USDCHF | USDCHF is now trading in a sideways trend, testing the resistance level 0.9250. MACD, which demonstrates bullish trend by forming a golden cross, suggests that the pair will continue its gains after breaking over the barrier level. | R1 R2 | 0.9250 0.9320 | R1 R2 | 0.9170 0.9105 |
| Crude Oil | Crude oil prices fell after a previous retreat from the 72.30 support level. MACD, which exhibits bearish trend and the development of a death cross, suggests that the commodity will prolong its regression towards the support level 68.65. | R1 R2 | 72.20 75.25 | S1 S2 | 68.65 65.25 |
| XAUUSD | The gold price fell after a previous fall below the previous support level of 1783.20. The MACD indicator, which indicates a bearish trend, indicates that the commodity will continue its losses near the support level 1748.55. | R1 R2 | 1783.20 1807.85 | S1 S2 | 1748.55 1725.70 |
| 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.