Technical Analysis
Date: 13.06.2022
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 challenging the support level. However, the MACD, which showed diminishing bearish trend, suggests that the pair should be traded upward as a technical correction. | R1 R2 | 1.2360 1.2430 | S1 S2 | 1.2270 1.2190 |
EURUSD | The EURUSD was trading downward after breaking below the last support level. However, the MACD, which showed diminishing bearish trend, suggests that the pair should be traded upward as a technical correction. | R1 R2 | 1.0520 1.0605 | S1 S2 | 1.0450 1.0385 |
USDJPY | The USDJPY has been trading higher and is presently challenging the challenging level. The falling bearish trend indicated by the MACD suggests that the pair will continue its gains if it successfully breaks through the resistance level. | R1 R2 | 135.05 136.00 | S1 S2 | 134.25 133.10 |
AUDUSD | The AUDUSD has been trading downward and is presently challenging the support level. However, the MACD, which showed diminishing bearish trend, suggests that the pair should be traded upward as a technical correction. | R1 R2 | 0.7075 0.7165 | S1 S2 | 0.7005 0.6930 |
NZDUSD | NZDUSD was traded lower following prior breakout below the previous support level. MACD which illustrated increasing bearish trend suggest the pair to extend its losses. | R1 R2 | 0.6350 0.6425 | R1 R2 | 0.6295 0.6235 |
USDCAD | The USDCAD was trading higher after breaking out above the previous resistance level. MACD, which showed growing bullish trend, suggests that the pair will extend its gains. | R1 R2 | 1.2875 1.3000 | R1 R2 | 1.2765 1.2635 |
USDCHF | The USDCHF 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 | 0.9900 0.9960 | S1 S2 | 0.9820 0.9740 |
Crude Oil | Crude oil price was traded lower while currently testing the support level. MACD which illustrated increasing bearish trend suggest the commodity to extend its losses if successfully breakout the support level. | R1 R2 | 119.05 122.20 | S1 S2 | 115.40 111.25 |
XAUUSD | The Gold price fell after a previous breakthrough below the previous support level. The falling bullish trend in the MACD suggests that the commodity's losses will be extended. | R1 R2 | 1870.00 1895.15 | S1 S2 | 1846.20 1823.35 |
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.