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Technical Analysis

Date: 14.04.2022

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 out over the previous barrier level. MACD, which showed growing bullish momentum, suggests that the pair will extend its gains.	R1 R2	1.3195 1.3285	S1 S2	1.3090 1.3000
EURUSD	The EURUSD has been trading higher and is presently challenging the resistance level. MACD, which showed growing bullish trend, suggests that the pair would extend its gains after the breakthrough.	R1 R2	1.0910 1.0975	S1 S2	1.0805 1.0690
USDJPY	The USDJPY has been trading higher and is presently challenging the barrier level. However, MACD, which shows growing bearish trend, suggests that the pair will trade lower as a technical correction.	R1 R2	125.70 128.30	S1 S2	124.00 121.45
AUDUSD	The AUDUSD was trading higher after previously rebounding from the support level. MACD, which showed growing bullish trend, suggests that the pair will prolong its gains.	R1 R2	0.7530 0.7660	R1 R2	0.7415 0.7270
NZDUSD	NZDUSD was trading higher after previously rebounding from the support level. The MACD, which showed growing bullish trend, suggests that the pair will continue its advances into the resistance level.	R1 R2	0.6880 0.6975	R1 R2	0.6800 0.6730
USDCAD	Following a previous retreat from the barrier level, USDCAD was traded lower. The MACD indicator, which showed falling bullish trend, suggests that the pair's losses would be extended.	R1 R2	1.2635 1.2750	S1 S2	1.2485 1.2315
USDCHF	USDCHF was traded higher following prior rebounded from the support level. MACD which illustrated increasing bullish trend suggest the pair to extend its gains.	R1 R2	0.9425 0.9580	S1 S2	0.9230 0.9110
Crude Oil	The price of Crude oil increased after a previous breakout over the previous resistance level. However, the MACD, which showed falling Bullish trend, suggests that the commodity would trade lower as a technical correction.	R1 R2	107.10 111.60	S1 S2	101.50 97.75
XAUUSD	The gold price has been trading downward and is presently challenging the support level. The commodity's MACD, which showed falling Bullish trend,, suggests that it may extend its losses after breaking through the support level.	R1 R2	2005.00 2020.30	S1 S2	1973.00 1944.55
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.