Technical Analysis
Date: 11.05.2022
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 has been trading downward and is presently around the support level. However, MACD, which shows growing bullish trend, suggests that the pair will trade higher as a technical correction. | R1 R2 | 1.2430 1.2625 | S1 S2 | 1.2245 1.2010 |
EURUSD | The EURUSD has been trading downward and is presently at the support level. The MACD, which showed growing bearish trend, suggests that the pair will prolong its losses after the breakthrough. | 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. However, MACD, which shows fading bearish momentum, suggests that the pair will trade higher as a technical correction. | 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 | 0.6720 0.6510 |
NZDUSD | NZDUSD has been trading downward and is presently challenging the 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. However, the MACD, which showed falling bullish trend, suggests that the pair should be traded down as a technical correction. | R1 R2 | 1.3020 1.3185 | S1 S2 | 1.2890 1.2720 |
USDCHF | The USDCHF has been trading higher and is presently challenging the resistance level. MACD, which showed growing bullish trend, suggests that the pair will extend its gains after the breakthrough. | R1 R2 | 0.9970 1.0075 | S1 S2 | 0.9850 0.9730 |
Crude Oil | The price of Crude oil increased after a previous breakout over the previous resistance level. MACD, which showed growing bullish trend, suggests that the commodity will prolong its gains. | R1 R2 | 102.80 104.20 | S1 S2 | 100.40 98.15 |
XAUUSD | The Gold price has been trading downward and is presently challenging the support level. However, the MACD, which showed falling bearish trend, suggests that the commodity will trade upward as a technical correction. | R1 R2 | 1863.25 1899.10 | S1 S2 | 1828.45 1789.95 |
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.