Technical Analysis
Date: 12.05.2022
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 has been trading downward and is presently around the support level. The MACD, which showed growing bearish trend, suggests that the pair will prolong its losses after the breakthrough. | R1 R2 | 1.2430 1.2625 | S1 S2 | 1.2245 1.2010 |
| EURUSD | EURUSD has been trading downward and is presently around the support level. The MACD, which showed growing bearish trend, suggests that the pair will prolong its losses after the breakthrough. | R1 R2 | 1.0635 1.0775 | S1 S2 | 1.0485 1.0315 |
| USDJPY | Following a previous retreat from the barrier level, the USDJPY was traded lower. However, MACD, which shows fading bearish trend, suggests that the pair will trade higher as a technical correction. | R1 R2 | 131.05 132.65 | S1 S2 | 128.95 127.15 |
| AUDUSD | The AUDUSD has been trading downward and is presently challenging the support level. The MACD, which showed falling bullish trend, suggests that the pair will continue its losses after the breakthrough. | R1 R2 | 0.7055 0.7260 | R1 R2 | 0.6910 0.6720 |
| NZDUSD | NZDUSD has been trading downward and is presently challenging the support level. The MACD, which showed falling bullish trend, suggests that the pair will continue its losses after the breakthrough. | R1 R2 | 0.6400 0.6550 | R1 R2 | 0.6260 0.6135 |
| USDCAD | The USDCAD is now trading higher, testing the resistance level around 1.3020. MACD, which showed falling bearish trend, suggests that the pair will extend its gains after the breakthrough. | R1 R2 | 1.3020 1.3185 | S1 S2 | 1.2890 1.2720 |
| USDCHF | The USDCHF has been trading higher and is presently challenging the resistance level. However, MACD, which shows fading bearish trend, suggests that the pair will extend its gains after the breakthrough. | R1 R2 | 0.9970 1.0075 | S1 S2 | 0.9850 0.9730 |
| Crude Oil | The price of Crude oil has fallen and is presently challenging a support level. MACD, which showed growing bearish trend, suggests that the commodity's losses would be extended. | R1 R2 | 106.65 110.35 | S1 S2 | 104.05 101.45 |
| XAUUSD | The Gold price has risen and is presently challenging the resistance level. MACD, which showed growing bullish trend, suggests that the commodity would prolong its gains after breaking above the resistance level. | R1 R2 | 1863.25 1899.10 | S1 S2 | 1828.45 1789.95 |
| 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.