Technical Analysis
Date: 13.04.2022
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 is now trading higher while testing the barrier level. MACD, which showed growing bullish trend, suggests that the pair would continue its gains if it successfully breaks through the resistance level. | R1 R2 | 1.3010 1.3090 | S1 S2 | 1.2930 1.2845 |
| EURUSD | The EURUSD has been trading downward and is presently challenging the support level. The MACD, which showed growing bearish trend, suggests that the pair would extend its losses if it successfully breaks through the support level. | R1 R2 | 1.0955 1.1080 | S1 S2 | 1.0795 1.0685 |
| USDJPY | The USDJPY has been trading higher and is presently challenging the resistance level. However, the MACD, which showed declining bullish trend, suggests that the pair should be traded down as a technical correction. | R1 R2 | 125.65 126.10 | S1 S2 | 125.20 124.60 |
| AUDUSD | The AUDUSD was trading lower after a previous retreat from the resistance level. However, MACD, which shows growing bullish trend, suggests that the pair will trade higher as a technical correction. | R1 R2 | 0.7480 0.7535 | R1 R2 | 0.7410 0.7365 |
| NZDUSD | Following a previous retreat from the resistance level, the NZDUSD was traded lower. The declining bullish trend indicated by the MACD suggests that the pair's losses will be extended. | R1 R2 | 0.6890 0.6980 | R1 R2 | 0.6800 0.6740 |
| USDCAD | The USDCAD has been trading downward and is presently challenging the support level. The MACD, which showed growing bearish trend, suggests that the pair would extend its losses if it successfully breaks through the support level. | R1 R2 | 1.2660 1.2700 | S1 S2 | 1.2605 1.2550 |
| USDCHF | Following a previous comeback from the support level, the USDCHF was traded higher. MACD, which showed diminishing bearish trend, suggests that the pair would extend its rise. | R1 R2 | 0.9355 0.9395 | S1 S2 | 0.9295 0.9260 |
| Crude Oil | The price of crude oil increased after a previous breakout over the previous resistance level. However, the MACD, which showed declining bullish trend, suggests that the commodity would trade higher as a technical correction. | R1 R2 | 103.75 108.40 | S1 S2 | 98.55 93.65 |
| XAUUSD | Following the last breakout over the previous resistance level, the gold price has moved higher. However, the MACD, which showed decreasing bearish trend, suggests that the commodity would trade lower as a technical correction. | R1 R2 | 1974.45 1988.50 | S1 S2 | 1961.25 1948.15 |
| 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.