Technical Analysis
Date: 12.07.2022
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 targeting the 1.1900 support level. The MACD indicator, which showed a bearish bias trend, suggests that the pair may continue its losses after its candle successfully closed below the support level. | R1 R2 | 1.1900 1.2035 | S1 S2 | 1.1800 1.1620 |
| EURUSD | The EURUSD has been trading downward and is presently targeting the 1.0000 support level. The MACD indicator, which shows a bearish bias trend, suggests that the pair will continue its losses after successfully breaking below the support level. | R1 R2 | 1.0075 1.0155 | S1 S2 | 1.0000 0.9915 |
| USDJPY | Following a previous retreat from the resistance level at 137.60, the USDJPY was traded lower. MACD, which showed weakening bullish trend, suggests that the pair will extend its losses into the 136.65 support level. | R1 R2 | 137.60 138.00 | S1 S2 | 136.65 135.25 |
| AUDUSD | The AUDUSD was trading down after breaking below the last support level at 0.6770. MACD, which showed declining bearish bias trend, suggests that the pair may extend its losses near the 0.6640 support level. | R1 R2 | 0.6770 0.6855 | S1 S2 | 0.6640 0.6530 |
| NZDUSD | NZDUSD was trading down after breaking below the last support level at 0.6140. MACD, which indicated a negative bias trend, suggests that the pair may continue its losses into the 0.6050 support level. | R1 R2 | 0.6140 0.6225 | R1 R2 | 0.6050 0.5925 |
| USDCAD | The USDCAD was trading higher after breaking over the previous resistance level at 1.2975. The MACD indicator, which showed a bullish bias trend, suggests that the pair will continue its advances into the resistance level at 1.3050. | R1 R2 | 1.3050 1.3110 | R1 R2 | 1.2975 1.2910 |
| USDCHF | The USDCHF is now trading higher, testing the resistance level of 0.9825. MACD, which showed bullish bias trend, suggests that the pair would extend its gains after successfully breaking over the resistance level. | R1 R2 | 0.9825 0.9890 | S1 S2 | 0.9750 0.9665 |
| Crude Oil | The price of Crude Oil fell after breaking below the last support level at 101.85. MACD, which showed a bearish bias trend, suggests that the commodity may extend its losses near the 98.20 support level. | R1 R2 | 101.85 106.60 | S1 S2 | 98.20 94.05 |
| XAUUSD | The Gold price rose after previously rebounding from the support level of 1729.25. The MACD indicator, which showed a positive bias trend, suggests that the commodity would extend its advances toward the resistance level of 1783.20. | R1 R2 | 1783.20 1829.75 | S1 S2 | 1729.25 1707.90 |
| 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.