Technical Analysis
Date:12.01.2022
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 Levels |
---|---|---|---|---|---|
GBPUSD | GBPUSD has been trading higher after a recent breach over the previous resistance level at 1.3595. However, MACD's declining bullish trend suggests that the pair may trade lower in the immediate term as a technical correction. | R1 R2 | 1.3700 1.3820 | S1 S2 | 1.3595 1.3490 |
EURUSD | EURUSD has been trading higher and is presently approaching the 1.1380 resistance level. MACD's growing bullish trend indicates that the pair will continue its gains after a successful breakout over the resistance level. | R1 R2 | 1.1380 1.1530 | S1 S2 | 1.1235 1.1105 |
USDJPY | USDJPY has been trading down and is presently targeting the support level at 115.05. The MACD indicator, which indicated rising bearish trend, suggests the pair will extend its losses after a successful breach below the support level. | R1 R2 | 116.25 117.50 | S1 S2 | 115.05 114.25 |
AUDUSD | The AUDUSD moved higher after an earlier bounce from the 0.7165 support level. The MACD indicator, which indicated diminishing bearish trend, suggests that the pair will continue its advances into the 0.7265 resistance level. | R1 R2 | 0.7265 0.7365 | S1 S2 | 0.7165 0.6995 |
NZDUSD | NZDUSD moved higher after a previous comeback from the 0.6710 support level. However, MACD's declining bullish momentum suggests that the pair may trade lower in the immediate term as a technical correction. | R1 R2 | 0.6840 0.6920 | S1 S2 | 0.6710 0.6570 |
USDCAD | USDCAD has been trading downward and is presently challenging the 1.2625 support level. MACD's growing bearish trend indicates that the pair will extend its losses after a successful breach below the support level. | R1 R2 | 1.2625 1.2825 | R1 R2 | 1.2520 1.2440 |
USDCHF | USDCHF moved down after a previous retreat from the 0.9270 barrier level. The MACD indicator, which indicated increasing bearish trend, suggests that the pair may continue its losses into the 0.9175 support level. | R1 R2 | 0.9270 0.9345 | R1 R2 | 0.9175 0.9105 |
Crude Oil | The price of crude oil increased after a recent breach over the previous resistance level at 78.10. MACD's growing bullish trend suggests the commodity may continue its advances toward the 82.50 barrier level. | R1 R2 | 82.50 84.85 | R1 R2 | 79.10 75.45 |
XAUUSD | Gold prices have been trading higher as they approach the resistance level at 1820.45. MACD indicators indicating increased bullish trend imply the pair will extend its gains with a successful breakthrough over the resistance level. | R1 R2 | 1820.45 1830.55 | S1 S2 | 1799.05 1786.30 |
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.