Technical Analysis
Date:11.01.2022
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 has been trading higher and is presently challenging the 1.3590 resistance level. MACD's declining bearish trend suggests that the pair will continue its gains after its successful breakout above the resistance mark. | R1 R2 | 1.3595 1.3700 | S1 S2 | 1.3490 1.3360 |
| EURUSD | EURUSD has been trading higher and is presently approaching the 1.1345 resistance level. MACD's growing bullish trend indicates that the pair will continue its gains after a successful breakout over the resistance level. | R1 R2 | 1.1345 1.1440 | S1 S2 | 1.1235 1.1175 |
| USDJPY | USDJPY has been trading downward and is presently challenging the 115.05. support level. However, MACD's declining bearish trend suggests that the pair may trade higher in the near term as a technical correction. | R1 R2 | 116.25 117.50 | S1 S2 | 115.05 114.25 |
| AUDUSD | The AUDUSD has been trading downward and is presently approaching the 0.7165 support level. The MACD indicator, which indicated bearish trend, suggests that the pair would extend its losses after a successful break below the support level. | R1 R2 | 0.7265 0.7365 | S1 S2 | 0.7165 0.6995 |
| NZDUSD | NZDUSD has been trading downward and is presently approaching the 0.6710 support level. MACD's growing bearish trend indicates that the pair will extend its losses after a successful break below the support line. | R1 R2 | 0.6840 0.6920 | S1 S2 | 0.6710 0.6570 |
| USDCAD | USDCAD has been trading downward and is presently challenging the 1.2625 support level. However, MACD's declining bearish trend suggests that the pair may trade higher in the near term as a technical correction. | R1 R2 | 1.2825 1.2940 | R1 R2 | 1.2625 1.2520 |
| USDCHF | USDCHF has been trading higher and is presently challenging the 0.9270 resistance level. However, MACD's declining bullish trend suggests that the pair may trade lower in the immediate term as a technical correction. | R1 R2 | 0.9270 0.9345 | R1 R2 | 0.9175 0.9105 |
| Crude Oil | The price of crude oil has been trading downward and is presently pushing the 78.05. However, MACD's declining bearish trend suggests that the commodity may trade higher in the near future as a technical correction. | R1 R2 | 81.25 85.40 | R1 R2 | 78.05 75.80 |
| XAUUSD | Gold prices have been trading higher as they approach the resistance level at 1809.95. MACD indicators indicating increased bullish momentum imply the pair will extend its gains with a successful breakthrough over the resistance level. | R1 R2 | 1809.95 1830.55 | S1 S2 | 1786.30 1760.20 |
| 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.