Technical Analysis
Date:12.11.2021
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. However, MACD's shrinking bearish trend signal indicates that the pair may undergo a technical correction in the near future, returning to the level 1.3425. | R1 R2 | 1.3425 1.3545 | S1 S2 | 1.3300 1.3160 |
| EURUSD | EURUSD went down after previously breaking below the previous support level of 1.1455. The MACD indicator, which shows a persistent bearish trend signal, indicates that the pair will continue its losses towards the support level 1.1355. | R1 R2 | 1.1455 1.1535 | S1 S2 | 1.1355 1.1200 |
| USDJPY | The USDJPY currency pair continues to move in a sideways pattern. 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 an ongoing 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 has been trading downward and is presently approaching the 0.6985 support level. The MACD indicator, which shows a persistent bearish trend signal, suggests that the pair would extend its losses after a breach below the support level. | R1 R2 | 0.7075 0.7145 | S1 S2 | 0.6985 0.6910 |
| USDCAD | USDCAD has been trading higher and is presently hitting resistance around 1.2620. MACD indicators that indicate bullish trend predict that the pair will continue its gains after a breach above the barrier level. | R1 R2 | 1.2620 1.2765 | S1 S2 | 1.2515 1.2410 |
| USDCHF | USDCHF increased in price after an earlier breach over the previous resistance level of 0.9205. MACD signals indicating dwindling bullish trend point to the pair extending its advances approaching the barrier level 0.9295. | R1 R2 | 0.9295 0.9370 | S1 S2 | 0.9205 0.9145 |
| Crude Oil | Crude oil prices have been trading flat and are presently challenging the 81.10 support level. However, MACD signals indicating declining bearish trend imply that the commodity should be traded upward approaching the resistance level 84.75. | R1 R2 | 84.75 88.40 | S1 S2 | 81.30 78.80 |
| XAUUSD | The gold price fell after a previous retreat from the barrier of 1867.50. MACD signals indicating decreased bullish trend point to the commodities extending its retreat towards support around 1831.50. | R1 R2 | 1867.50 1898.40 | 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.