Technical Analysis
Date:14.01.2022
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 Levels |
---|---|---|---|---|---|
GBPUSD | The GBPUSD has been trading higher after a recent breach over the previous resistance level at 1.3715. The MACD indicator, which indicated increased bullish momentum, suggests that the pair will extend its advances toward the 1.3835 resistance level. | R1 R2 | 1.3835 1.4010 | S1 S2 | 1.3715 1.3595 |
EURUSD | EURUSD surged higher after a recent breach over the 1.1380 resistance level. MACD's growing bullish momentum suggests the pair will continue its advances toward the 1.1530 resistance level. | R1 R2 | 1.1530 1.1680 | S1 S2 | 1.1380 1.1235 |
USDJPY | USDJPY fell after a previous fall below the previous support level at 114.55. MACD's growing bearish trend indicates that the pair is likely to continue its losses near the support level at 112.85. | R1 R2 | 114.55 116.25 | S1 S2 | 112.85 110.90 |
AUDUSD | The AUDUSD has been trading downward and is presently approaching the 0.7270 support level. The MACD indicator, which indicated dwindling bullish trend, suggests that the pair may extend its losses after a successful breach below the support level. | R1 R2 | 0.7335 0.7425 | S1 S2 | 0.7270 0.7205 |
NZDUSD | NZDUSD has been trading higher and is presently approaching the 0.6865 resistance level. MACD's growing bullish trend indicates that the pair will continue its gains after a successful breach over the resistance level. | R1 R2 | 0.6865 0.6960 | S1 S2 | 0.6710 0.6570 |
USDCAD | USDCAD has been trading downward and is presently approaching the 1.2490 support level. MACD's growing bearish trend indicates that the pair will extend its losses after a successful breach below the support level. | R1 R2 | 1.2625 1.2825 | S1 S2 | 1.2490 1.2330 |
USDCHF | USDCHF has been trading downward and is presently approaching the 0.9095 support level. MACD's growing bearish trend indicates that the pair will extend its losses after a successful breach below the support level. | R1 R2 | 0.9175 0.9270 | S1 S2 | 0.9095 0.9035 |
Crude Oil | Crude oil prices fell after an earlier retreat from the 82.90 resistance level. The MACD indicator, which indicated increasing bearish trend, suggests that the commodity may continue its losses approaching the 80.20 support level. | R1 R2 | 82.90 84.80 | S1 S2 | 80.20 78.10 |
XAUUSD | The Gold price has been trading higher and is presently challenging the resistance level at 1830.55. The MACD indicator, which has been indicating growing bearish momentum, suggests the pair will trade down in the near term as a technical correction. | R1 R2 | 1830.55 1850.40 | S1 S2 | 1786.30 1762.20 |
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.