Forex Brokers | MT5 & TradingView Platform

Technical Analysis

Date: 11.10.2022

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	While currently testing the support level, GBPUSD was trading lower. The pair may, however, be traded higher as a result of a technical correction, according to MACD, which showed diminishing bearish momentum.	R1 R2	1.1455 1.1735	S1 S2	1.1040 1.0785
EURUSD	EURUSD was traded lower following prior breakout below the previous support level. However, MACD which illustrated diminishing bearish trend suggest the pair to be traded higher as technical correction.	R1 R2	0.9740 0.9915	S1 S2	0.9550 0.9460
USDJPY	While currently testing the resistance level, USDJPY was trading higher. The MACD indicator's indication of waning bearish trend suggests that the pair will continue to gain after breaking out.	R1 R2	145.80 150.15	S1 S2	141.15 136.55
AUDUSD	AUDUSD was traded lower following prior breakout below the previous support level. MACD which illustrated increasing bearish trend suggest the pair to extend its losses.	R1 R2	0.6385 0.6515	S1 S2	0.6185 0.5985
NZDUSD	Following a previous breakout below the prior support level, the NZDUSD was traded lower. The MACD indicator's increasing bearish trend suggests that the pair will continue to lose ground until it reaches the support level.	R1 R2	0.5630 0.5925	R1 R2	0.5315 0.4940
USDCAD	While currently testing the resistance level, USDCAD prices increased. The MACD, which showed increasing bullish trend, suggests that after the breakout, the pair will continue to gain.	R1 R2	1.3820 1.3970	R1 R2	1.3500 1.3315
USDCHF	While currently testing the resistance level, USDCHF prices increased. The MACD, which showed waning bullish trend, however, suggests that the pair be traded lower as a technical correction.	R1 R2	1.0035 1.0185	S1 S2	0.9925 0.9795
Crude Oil	Following a prior retracement from the resistance level, the price of Crude Oil was traded lower. The MACD indicator's increasing bearish trend suggests that the pair will continue to lose ground until it reaches the support level.	R1 R2	93.10 96.05	S1 S2	89.20 86.35
XAUUSD	Gold price was traded lower while currently testing the support level. However, MACD which illustrated diminishing bearish trend suggest the commodity to be traded higher as technical correction.	R1 R2	1676.30 1700.60	S1 S2	1660.95 1642.85
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.