Forex Brokers | MT5 & TradingView Platform

Technical Analysis

Date: 13.10.2022

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	While currently testing the support level, GBPUSD was trading lower. The pair may, however, be traded higher as a result of a technical correction, according to MACD, which showed increasing bullish trend.	R1 R2	1.1455 1.1735	S1 S2	1.1045 1.0785
EURUSD	Following a previous breakout below the prior support level, the EURUSD was traded lower. The MACD indicator's increasing bearish trend suggests that the pair will continue to lose ground until it reaches the support level.	R1 R2	0.9740 0.9915	S1 S2	0.9550 0.9460
USDJPY	Following a prior breakout above the prior resistance level, USDJPY was traded higher. The MACD, which showed a growing bullish trend, suggests that the pair continue to gain ground toward the resistance level.	R1 R2	150.15 155.70	S1 S2	145.80 141.15
AUDUSD	Following a previous breakout under the prior support level, the AUDUSD was traded lower. The pair may, however, be traded higher as a result of a technical correction, according to MACD, which showed increasing bullish trend.	R1 R2	0.6360 0.6515	S1 S2	0.6185 0.5985
NZDUSD	NZDUSD was trading at a lower price while attempting to test the support level. The MACD indicator, which showed a growing bearish trend, suggests that the pair will continue to lose after breaking through the support level.	R1 R2	0.5925 0.6170	R1 R2	0.5605 0.5315
USDCAD	While currently testing the resistance level, USDCAD prices increased. The pair may, however, trade lower as a result of a technical correction, according to MACD, which showed increasing bearish trend.	R1 R2	1.3820 1.3970	R1 R2	1.3500 1.3315
USDCHF	As a result of earlier recovering from the support level, USDCHF was traded higher. The MACD, which showed waning bearish trend, suggests that the pair extend its gains toward the level of resistance.	R1 R2	1.0035 1.0185	S1 S2	0.9925 0.9795
Crude Oil	The price of crude oil has been trading lower as it approaches the support level. The pair may, however, be traded higher as a result of a technical correction, according to MACD, which showed diminishing bearish trend.	R1 R2	89.20 93.10	S1 S2	86.35 81.95
XAUUSD	Following a prior retracement from the resistance level, the price of gold was traded lower. The MACD, which showed waning bullish trend, suggests that the pair will continue to fall until it reaches the support level.	R1 R2	1676.30 1700.60	S1 S2	1660.95 1642.85
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.