Technical Analysis
Date: 11.08.2022
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 higher after breaking above the previous resistance level at 1.2175. The bullish trend indicated by MACD suggests that the pair will extend its gains toward the resistance level at 1.2355. | R1 R2 | 1.2355 1.2480 | S1 S2 | 1.2175 1.2035 |
| EURUSD | The EURUSD was trading higher after breaking through the previous resistance level at 1.0265. The MACD indicator, which showed a bullish bias trend, suggests that the pair will extend its gains toward the resistance level of 1.0370. | R1 R2 | 1.0370 1.0490 | S1 S2 | 1.0265 1.0155 |
| USDJPY | The EURUSD was trading higher after breaking above the previous resistance level at 1.0265. MACD, which showed a bullish bias trend, suggests that the pair will extend its gains toward the resistance level of 1.0370. | R1 R2 | 133.15 135.25 | S1 S2 | 131.30 128.80 |
| AUDUSD | The AUDUSD was trading higher after breaking through the previous resistance level at 0.6985. The bullish trend indicated by MACD suggests that the pair will extend its gains toward the resistance level at 0.7115. | R1 R2 | 0.7115 0.7220 | S1 S2 | 0.6985 0.6860 |
| NZDUSD | NZDUSD is currently trading higher, testing the resistance level at 0.6430. The bullish trend indicated by MACD suggests that the pair will extend its gains after successfully breaking above the resistance level at 0.6430. | R1 R2 | 0.6430 0.6555 | R1 R2 | 0.6360 0.6245 |
| USDCAD | USDCAD was trading lower after breaking below the previous support level at 1.2805. The MACD indicator, which shows a bearish bias trend, suggests that the pair will extend its losses toward the 1.2730 support level. | R1 R2 | 1.2805 1.2925 | R1 R2 | 1.2730 1.2645 |
| USDCHF | USDCHF was trading lower after breaking below the previous support level at 0.9450. MACD, which indicated bearish bias trend, suggests that the pair will extend its losses toward the 0.9350 support level. | R1 R2 | 0.9450 0.9520 | S1 S2 | 0.9350 0.9230 |
| Crude Oil | The Crude Oil price is currently testing the resistance level at 91.80, and the MACD, which shows ongoing bullish trend, suggests that the commodity will extend its gains after successfully breaking above the resistance level. | R1 R2 | 91.80 93.15 | S1 S2 | 89.70 87.30 |
| XAUUSD | The Gold price is currently testing the support level at 1783.20, and the MACD, which shows diminishing bullish trend, suggests that the commodity will extend its losses after successfully breaking below the support level. | R1 R2 | 1808.15 1829.75 | S1 S2 | 1783.20 1770.05 |
| 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.