Technical Analysis
Date: 14.06.2022
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 down after breaking below the last support level. However, the MACD, which showed diminishing bearish trend, suggests that the pair should be traded upward as a technical correction. | R1 R2 | 1.2190 1.2270 | S1 S2 | 1.2080 1.1975 |
| EURUSD | The EURUSD was trading downward after breaking below the last support level. However, the MACD, which showed diminishing bearish trend, suggests that the pair should be traded upward as a technical correction. | R1 R2 | 1.0450 1.0520 | S1 S2 | 1.0385 1.0315 |
| USDJPY | The USDJPY was trading downward after breaking below the last support level. However, the MACD, which showed diminishing bearish trend, suggests that the pair should be traded upward as a technical correction. | R1 R2 | 134.25 135.05 | S1 S2 | 133.10 131.95 |
| AUDUSD | The AUDUSD was trading higher after breaking out over the previous ressitance level. MACD, which showed diminishing bearish trend, suggests that the pair will extend its advances. | R1 R2 | 0.7005 0.7075 | S1 S2 | 0.6930 0.6850 |
| NZDUSD | NZDUSD was trading down after breaking below the previous support level. However, the MACD, which showed diminishing bearish trend, suggests that the pair should be traded upward as a technical correction. | R1 R2 | 0.6295 0.6350 | R1 R2 | 0.6235 0.6145 |
| USDCAD | The USDCAD was trading higher after breaking out above the previous barrier level. MACD, which showed growing bullish trend, suggests that the pair will extend its gains. | R1 R2 | 1.3000 1.3165 | R1 R2 | 1.2875 1.2765 |
| USDCHF | The USDCHF was trading downward after breaking below the last support level. The declining bullish trend indicated by the MACD suggests that the pair's losses will be extended. | R1 R2 | 0.9960 1.0040 | S1 S2 | 0.9900 0.9820 |
| Crude Oil | Following a previous comeback from the support level, the Crude oil price was traded higher. MACD, which showed diminishing bearish trend, suggests that the commodity will extend its rise. | R1 R2 | 119.05 122.20 | S1 S2 | 115.40 111.25 |
| XAUUSD | The Gold price increased after breaking over the prior resistance level. However, MACD, which showed growing bearish trend, indicates that the commodity would be traded lower as a technical correction. | R1 R2 | 1846.20 1870.00 | S1 S2 | 1823.35 1796.45 |
| 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.