Technical Analysis
Date: 14.10.2022
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 | The resistance level at 1.1350 is currently being tested by the GBPUSD, which was trading higher. After the pair successfully breaks out above the resistance level, the MACD, which showed bullish bias momentum, suggests that its gains will be extended. | R1 R2 | 1.1350 1.1620 | S1 S2 | 1.1050 1.0870 |
EURUSD | Following a prior recovery from the support level at 0.9685, the EURUSD was traded higher. The bullish trend indicated by MACD suggests that the pair should continue to gain ground as it approaches the 0.9830 resistance level. | R1 R2 | 0.9830 0.9910 | S1 S2 | 0.9685 0.9585 |
USDJPY | The USD/JPY pair was trading higher as it tested the 147.30 resistance level, and the MACD indicator, which showed bullish bias trend, suggested that the pair would continue to gain after successfully breaking through the resistance level. | R1 R2 | 147.30 149.35 | S1 S2 | 144.70 141.75 |
AUDUSD | Following a prior recovery from the support level at 0.6285, the AUDUSD was traded higher. The MACD indicator's indication of waning bearish trend points to a potential extension of the pair's gains toward the 0.6430 resistance level. | R1 R2 | 0.6430 0.6530 | S1 S2 | 0.6285 0.6165 |
NZDUSD | Following a previous breakout above the prior resistance level at 0.5625, the NZDUSD was traded higher. The pair should continue to gain trend toward the 0.5710 resistance level, according to MACD's bullish bias momentum indication. | R1 R2 | 0.5710 0.5775 | R1 R2 | 0.5625 0.5565 |
USDCAD | The support level at 1.3715 is currently being tested as the USDCAD trades lower. After successfully breaking through the support level, the MACD, which showed trend with a bearish bias, suggests that the pair will continue to lose money. | R1 R2 | 1.3855 1.4000 | R1 R2 | 1.3715 1.3600 |
USDCHF | Following a prior retracement from the resistance level at 1.0030, USDCHF was traded lower. The MACD indicator's indication of waning bullish trend suggests that the pair will continue to fall until it reaches the support level at 0.9920. | R1 R2 | 1.0030 1.0110 | S1 S2 | 0.9920 0.9825 |
Crude Oil | The price of Crude Oil has been trading higher as it approaches the 89.45 resistance level. After successfully breaking through the resistance level, the commodity should continue to advance, according to MACD, which showed bullish bias momentum. | R1 R2 | 89.45 96.65 | S1 S2 | 86.15 80.60 |
XAUUSD | The Gold price was trading lower as it tested the 1661.40 support level, and MACD, which showed waning bullish trend, suggested that the commodity would continue to lose after successfully breaking below the support level. | R1 R2 | 1693.35 1726.15 | S1 S2 | 1661.40 1627.60 |
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.