Technical Analysis
Date:13.12.2021
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 higher after a previous bounce from the 1.3195 support level. However, MACD indicators indicating declining bullish trend signal that the pair may trade lower in the near future as a technical correction. | R1 R2 | 1.3355 1.3505 | S1 S2 | 1.3195 1.3050 |
| EURUSD | EURUSD has been trading inside a range and is now around the 1.1370 resistance level. However, MACD indicators indicating declining bullish trend signal that the pair may trade lower in the near future as a technical correction. | R1 R2 | 1.1370 1.1530 | S1 S2 | 1.1175 1.1010 |
| USDJPY | USDJPY was trading higher after a previous comeback from the 112.80 support level. The MACD indicator, which indicates lessening bearish trend, suggests that the pair will continue its advances into the 114.40 barrier level. | R1 R2 | 114.40 115.40 | S1 S2 | 112.80 112.05 |
| AUDUSD | The AUDUSD currency pair has been trading higher and is presently challenging the resistance level around 0.7175. MACD indicators, which indicate growing bullish trend, indicate that the pair will continue its gains after a successful breach over the barrier level. | R1 R2 | 0.7175 0.7280 | S1 S2 | 0.6995 0.6825 |
| NZDUSD | NZDUSD has been trading higher and is presently challenging the 0.6815 resistance level. MACD indicators, which indicate bullish trend, indicate that the pair is likely to continue its gains after a successful breach over the resistance level. | R1 R2 | 0.6815 0.6950 | S1 S2 | 0.6640 0.6530 |
| USDCAD | USDCAD has been trading higher and is presently approaching the 1.2720 resistance level. However, MACD indicators indicating declining bullish trend signal that the pair may trade lower in the near future as a technical correction. | R1 R2 | 1.2720 1.2825 | R1 R2 | 1.2645 1.2585 |
| USDCHF | USDCHF moved higher after a previous comeback from the 0.9200 support level. MACD indicators that indicate dwindling bearish trend predict that the pair may continue its advances approaching the 0.9260 resistance level. | R1 R2 | 0.9260 0.9315 | R1 R2 | 0.9200 0.9155 |
| Crude Oil | Crude oil prices have been trading upward and are presently hitting the 72.65 barrier level. The MACD indicators, which indicate lessening bearish trend, indicate that the commodity will continue its gains after a successful breach over the barrier level. | R1 R2 | 72.65 75.10 | S1 S2 | 69.15 65.60 |
| XAUUSD | Gold prices have been trading higher and are presently approaching the 1790.00 resistance level. The MACD indicators, which indicate growing bullish momentum, indicate that the commodity will continue its gains after a successful breach over the barrier level. | R1 R2 | 1790.00 1811.50 | S1 S2 | 1762.20 1729.60 |
| 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.