Technical Analysis
Date:11.11.2021
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 down after breaking below the last support level of 1.3425. MACD signals indicating a negative bias and the development of a death cross indicate that the pair will continue its losses towards the support level 1.3300. | R1 R2 | 1.3650 1.3735 | S1 S2 | 1.3545 1.3420 |
| EURUSD | EURUSD has been trading downward and is presently targeting the 1.1455 support level. The MACD indicator, which shows a continuous bearish trend signal, suggests that the pair would extend its losses after a breach below the support level. | R1 R2 | 1.1535 1.1615 | S1 S2 | 1.1455 1.1355 |
| USDJPY | The USDJPY currency pair continues to move in a sideways pattern. MACD. However, MACD's bullish trend indicator suggests that the pair should be traded higher approaching the resistance level 114.60. | R1 R2 | 114.60 115.85 | S1 S2 | 113.20 112.00 |
| AUDUSD | The AUDUSD currency pair has been trading downward after a recent breach below the previous support level of 0.7320. MACD indicators, which indicate a persistent bearish trend signal, predict that the pair may continue its losses towards the 0.7220 support level. | R1 R2 | 0.7320 0.7385 | S1 S2 | 0.7220 0.7105 |
| NZDUSD | NZDUSD moved lower after a recent fall below the 0.7075 support level. MACD indicators, which indicate an ongoing bearish trend signal, predict that the pair will continue its losses towards the 0.6985 support level. | R1 R2 | 0.7075 0.7145 | S1 S2 | 0.6985 0.6910 |
| USDCAD | USDCAD has been trading higher and is presently challenging the 1.2515 resistance level. MACD, which demonstrates bullish trend by forming a golden cross, suggests that the pair will continue its gains after breaking over the barrier level. | R1 R2 | 1.2515 1.2620 | S1 S2 | 1.2410 1.2295 |
| USDCHF | USDCHF increased in price after an earlier breach over the previous resistance level of 0.9145. The MACD indicator, which indicates bullish trend, suggests that the pair will continue its advances approaching the resistance level of 0.9215. | R1 R2 | 0.9215 0.9295 | S1 S2 | 0.9145 0.9085 |
| Crude Oil | Crude oil prices have been trading downward and are presently targeting the 81.30 support level. The MACD indicator, which demonstrates a bearish trend signal with the development of a death cross, indicates that the commodity will continue its losses after breaking below the support level. | R1 R2 | 84.75 88.40 | S1 S2 | 81.30 78.80 |
| XAUUSD | Gold price has been trading higher as it approaches the resistance level 1857.75. MACD signals indicating bullish trend predict the commodity will continue its gains if it breaks over the barrier level. | R1 R2 | 1857.75 1875.65 | S1 S2 | 1831.50 1805.60 |
| 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.