Technical Analysis
Date: 13.09.2022
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 was trading higher after breaking above the previous resistance level at 1.1620. The bullish trend indicated by MACD suggests that the pair will extend its gains toward the resistance level at 1.1770. | R1 R2 | 1.1770 1.1835 | S1 S2 | 1.1620 1.1455 |
| EURUSD | The EURUSD was trading higher after breaking through the previous resistance level at 1.0075. The bullish trend indicated by MACD suggests that the pair will extend its gains toward the resistance level at 1.0155. | R1 R2 | 1.0155 1.0265 | S1 S2 | 1.0075 1.0000 |
| USDJPY | Following a previous retracement from the resistance level at 144.15, the USDJPY was traded lower. MACD, which showed diminishing bullish trend, suggests that the pair will extend its losses toward the 141.50 support level. | R1 R2 | 144.15 146.50 | S1 S2 | 141.50 139.25 |
| AUDUSD | The AUDUSD has been trading lower and is currently testing the 0.6860 support level. However, MACD, which showed bullish bias trend, suggests that the pair will experience a technical correction in the near term. | R1 R2 | 0.6985 0.7115 | S1 S2 | 0.6860 0.6725 |
| NZDUSD | NZDUSD is currently trading higher, testing the resistance level at 0.6140. MACD, which showed bullish bias trend, suggests that the pair will extend its gains after successfully breaking through the resistance level. | R1 R2 | 0.6140 0.6245 | R1 R2 | 0.6030 0.5925 |
| USDCAD | USDCAD was trading lower after breaking below the previous support level at 1.2985. MACD, which indicated a bearish bias trend, suggests that the pair will extend losses toward the 1.2925 support level. | R1 R2 | 1.2985 1.3050 | R1 R2 | 1.2925 1.2805 |
| USDCHF | The USDCHF has been trading lower and is currently testing the support level of 0.9520. The MACD indicator, which shows a bearish bias trend, suggests that the pair will extend its losses after successfully breaking below the support level. | R1 R2 | 0.9590 0.9675 | S1 S2 | 0.9520 0.9465 |
| Crude Oil | Crude Oil prices rose after previously rebounding from a support level of 86.15. The commodity's MACD, which showed diminishing bearish trend, suggests that it will extend its gains toward the resistance level at 89.45. | R1 R2 | 89.45 96.65 | S1 S2 | 86.15 83.50 |
| XAUUSD | The Gold price has risen and is currently testing the resistance level of 1729.25. MACD, which showed a bullish bias trend, suggests that the commodity will extend its gains after successfully breaking through the resistance level. | R1 R2 | 1729.25 1770.05 | S1 S2 | 1707.90 1678.80 |
| 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.