Technical Analysis
Date:11.10.2021
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 higher after a recent breakthrough over the 1.3620 resistance mark. MACD signals indicating a bullish bias point to the pair extending its advances approaching the resistance level 1.3745. | R1 R2 | 1.3745 1.3875 | S1 S2 | 1.3620 1.3435 |
| EURUSD | EURUSD moved higher after its recent recovery from a low point. The MACD indicator, which indicates a bullish trend, suggests that the pair will continue its recovery towards the resistance level 1.1610. | R1 R2 | 1.1610 1.1690 | S1 S2 | 1.1515 1.1440 |
| USDJPY | USDJPY is presently trading higher and is challenging the resistance level of 112.60. MACD indicators, which indicate an ongoing bullish trend signal, indicate that the pair will extend its gains after a break over the resistance level 112.60. | R1 R2 | 112.60. 113.20 | S1 S2 | 112.05 111.50 |
| AUDUSD | The AUDUSD currency pair has been trading higher and is now challenging the resistance level of 0.7320. MACD signals indicating a bullish trend indicate that the pair may continue its gains after a break over the resistance level 0.7320. | R1 R2 | 0.7320 0.7415 | S1 S2 | 0.7235 0.7150 |
| NZDUSD | NZDUSD moved higher after a previous recovery from the 0.6915 support level. The MACD indicator, which indicates a bullish trend signal, suggests that the pair will continue its recovery toward the resistance level 0.6990. | R1 R2 | 0.6990. 0.7075 | S1 S2 | 0.6915 0.6815 |
| USDCAD | USDCAD has been trading downward and is now challenging the 1.2455 support level. The MACD indicator, which indicates a bearish trend signal, suggests that the pair would continue its losses after a breach below the support level. | R1 R2 | 1.2585 1.2695 | S1 S2 | 1.2455 1.2310 |
| USDCHF | USDCAD has been trading downward and is now challenging the 1.2455 support level. The MACD indicator, which indicates a bearish trend signal, suggests that the pair would continue its losses after a breach below the support level. | R1 R2 | 0.9305 0.9365 | S1 S2 | 0.9240. 0.9185 |
| Crude Oil | Crude oil prices increased after a recent breakthrough over the 79.40 barrier mark. The MACD indicator, which indicates a continuous positive trend signal, suggests that the commodity will continue its gains towards the barrier level of 82.50. | R1 R2 | 82.50 84.55 | S1 S2 | 79.40 76.40 |
| XAUUSD | Gold prices remained stable around the 1747.50 support level. However, MACD signals indicating declining bearish trend indicate that the commodity should be traded upward towards the resistance level 1779.50. | R1 R2 | 1779.50 1806.85 | S1 S2 | 1747.05 1721.65 |
| 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.