Technical Analysis
Date:14.10.2021
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 | Following a previous breakthrough over the previous resistance level of 1.3620, for GBPUSD , the pound rose in value against the dollar. The development of a golden cross on the MACD indicator, which indicates a bullish bias signal, suggests that the pair will continue its gains towards the resistance level of 1.3745. | R1 R2 | 1.3745 1.3875 | S1 S2 | 1.3620 1.3435 |
| EURUSD | Following a previous recovery from the support level of 1.1515, the EURUSD has been trading higher. The MACD indicator, which shows a bullish trend signal, suggests that the pair will continue its upward movement towards the resistance level of 1.1635. | R1 R2 | 1.1635 1.1690 | S1 S2 | 1.1515 1.1440 |
| USDJPY | Currently, the USDJPY is challenging the support level of 113.35; the MACD indicator, which shows a bearish trend signal with the development of a death cross, suggests that the pair will continue its decline after breaking below the support level. | R1 R2 | 113.95 114.55 | S1 S2 | 113.35 112.60 |
| AUDUSD | The Australian dollar rose against the US dollar, which is presently probing around the resistance level of 0.7415. Because of the development of a golden cross on the MACD chart, which indicates a bullish trend signal, it is likely that the pair will extend its gains after breaking above the resistance level. | R1 R2 | 0.7415 0.7485 | S1 S2 | 0.7320 0.7235 |
| NZDUSD | The New Zealand dollar rose against the US dollar as it tested the resistance level of 0.6985. The MACD indicator, which shows a bullish trend signal with the formation of a golden cross, suggests that the pair would continue its gains if it breaks above the barrier level. | R1 R2 | 0.6985 0.7075 | S1 S2 | 0.6880 0.6805 |
| USDCAD | The USDCAD was trading lower after a recent breach below the previous support level of 1.2455 on the currency pair. The MACD indicator, which shows a weakening bullish trend signal, suggests that the pair may continue its losses towards the support level of 1.2310 in the near term. | R1 R2 | 1.2455 1.2565 | S1 S2 | 1.2310 1.2210 |
| USDCHF | Because to a previous breakthrough below the support level of 0.9240, the USDCHF was trading downward. The MACD indicator, which displays a bearish bias signal, suggests that the pair may continue its losses towards the support level of 0.9185 in the near future. | R1 R2 | 0.9240 0.9305 | S1 S2 | 0.9185 0.9100 |
| Crude Oil | Following a recent recovery from the support level of 79.40, the price of crude oil was trading flat. However, the moving average convergence divergence (MACD) indicator, which shows a decreasing bearish trend signal, suggests that the commodity will trade higher in the near term, approaching the resistance level of 82.50. | R1 R2 | 82.50 84.55 | S1 S2 | 79.40 76.40 |
| XAUUSD | Following a previous pullback from its all-time high, the gold price has been trading downward. The commodity is expected to continue its retracement towards the support level of 1779.50, according to the MACD, which shows a decreasing positive momentum signal. | R1 R2 | 1806.85 1830.25 | S1 S2 | 1779.50 1747.05 |
| 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.