Technical Analysis
Date: 11.02.2022
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 moved lower after a previous retreat from the 1.3595 resistance level. MACD's growing bearish momentum suggests the pair may continue its losses near the 1.3450 support level. | R1 R2 | 1.3595 1.3715 | S1 S2 | 1.3450 1.3340 |
| EURUSD | EURUSD has been trading downward and is presently targeting the 1.1380 support level. MACD's growing bearish trend indicates that the pair will extend its losses after a successful breach below the support level. | R1 R2 | 1.1475 1.1525 | S1 S2 | 1.1380 1.1320 |
| USDJPY | USDJPY has been trading higher and is presently targeting the 116.25 resistance level. The MACD indicator, which indicated growing bullish trend, suggests the pair will extend its gains after a successful breakthrough over the resistance level. | R1 R2 | 116.25 117.50 | S1 S2 | 115.40 113.65 |
| AUDUSD | The AUDUSD has been trading downward and is presently approaching the 0.7125 support level. MACD's growing bearish trend indicates that the pair will extend its losses after a successful breach below the support line. | R1 R2 | 0.7205 0.7270 | S1 S2 | 0.7125 0.7055 |
| NZDUSD | NZDUSD moved lower after a previous retreat from the 0.6710 resistance level. MACD's declining bullish trend suggests the pair may continue its losses near the 0.6535 support level. | R1 R2 | 0.6710 0.6865 | S1 S2 | 0.6535 0.6430 |
| USDCAD | USDCAD moved higher after an earlier recovery from the 1.2625 support level. MACD's growing bullish trend suggests that the pair will continue its advances toward the 1.2825 resistance level. | R1 R2 | 1.2825 1.2950 | S1 S2 | 1.2625 1.2475 |
| USDCHF | USDCHF has been trading higher and is presently challenging the 0.9270 resistance level. MACD's growing bullish trend indicates that the pair will continue its gains after a successful breach over the resistance level. | R1 R2 | 0.9270 0.9345 | S1 S2 | 0.9180 0.9095 |
| Crude Oil | Crude oil prices fell after an earlier retreat from the 91.05. resistance level. MACD's declining bullish trend suggests the commodity may prolong its losses approaching the 88.50 support level. | R1 R2 | 91.05 92.80 | S1 S2 | 88.50 86.20 |
| XAUUSD | Gold prices fell after previously breaking below the last support level at 1828.00. MACD's growing bearish trend suggests the commodity may prolong its losses approaching the 1811.35 support level. | R1 R2 | 1828.00 1847.60 | S1 S2 | 1811.35 1796.80 |
| 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.