Technical Analysis
Date: 11.04.2022
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 was trading down after breaking below the last support level. The MACD, which showed growing bearish trend, suggests that the pair's losses would be extended. | R1 R2 | 1.3090 1.3195 | S1 S2 | 1.3000 1.2855 |
EURUSD | The EURUSD was trading downward after breaking below the last support level. However, MACD, which shows growing bullish trend, suggests that the pair will trade higher as a technical correction. | R1 R2 | 1.0895 1.0970 | S1 S2 | 1.0805 1.0690 |
USDJPY | The USDJPY has been trading higher and is presently challenging the resistance level. MACD, which showed growing bullish trend, suggests that the pair would extend its gains after the breakthrough. | R1 R2 | 125.05 126.15 | S1 S2 | 124.35 123.25 |
AUDUSD | The AUDUSD was trading lower after breaking below the last support level. However, the MACD indicator, which showed diminishing bearish trend, suggests that the pair should be traded upward as a technical correction. | R1 R2 | 0.7530 0.7660 | R1 R2 | 0.7415 0.7270 |
NZDUSD | NZDUSD was trading down after breaking below the previous support level. However, the MACD indicator, which showed diminishing bearish trend, suggests that the pair should be traded upward as a technical correction. | R1 R2 | 0.6880 0.6975 | R1 R2 | 0.6800 0.6730 |
USDCAD | USDCAD was trading higher after previously rebounding from the support level. MACD, which showed growing bullish trend, suggests that the pair will continue its gains. | R1 R2 | 1.2635 1.2750 | S1 S2 | 1.2485 1.2315 |
USDCHF | Following an earlier bounce from the support level, the USDCHF was traded higher. The MACD, which showed growing bullish trend, suggests that the pair will continue its advances into the resistance level. | R1 R2 | 0.9425 0.9580 | S1 S2 | 0.9230 0.9110 |
Crude Oil | The price of Crude oil fell after a previous breakthrough below the previous support level. The commodity's MACD, which showed falling bullish trend, suggests that it will continue to lose ground. | R1 R2 | 97.75 101.50 | S1 S2 | 92.50 88.70 |
XAUUSD | The Gold price has been trading upward, and it is presently around the barrier level. However, the MACD, which showed falling bullish trend, suggests that the commodity would trade lower as a technical correction. | R1 R2 | 1944.55 1973.00 | S1 S2 | 1912.60 1881.35 |
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.