Technical Analysis
Date:14.12.2021
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 | GBPUSD has been trading downward and is presently approaching the 1.3190 support level. MACD, which displays a bearish trend signal with the development of a death cross, indicates that the pair will extend its losses after a breach below the support level. | R1 R2 | 1.3315 1.3430 | S1 S2 | 1.3190 1.3055 |
| EURUSD | EURUSD has been trading downward and is presently targeting the 1.1265 support level. MACD signals indicating a bearish bias imply that the pair would continue its losses after a breach below the support line. | R1 R2 | 1.1355 1.1455 | S1 S2 | 1.1265 1.1170 |
| USDJPY | USDJPY continues to move in a sideways pattern. Due to the absence of momentum and a clear direction from MACD, it is recommended to avoid joining the market until more signals arise. | R1 R2 | 113.80 114.60 | S1 S2 | 112.75 112.00 |
| AUDUSD | The AUDUSD has been trading downward and is presently approaching the 0.7105 support level. The MACD indicator, which indicates a bearish trend signal, suggests that the pair would continue its losses after a breach below the support level. | R1 R2 | 0.7175 0.7260 | S1 S2 | 0.7105 0.7005 |
| NZDUSD | NZDUSD has been trading downward and is presently approaching the 0.6725 support level. The MACD indicator, which indicates a bearish trend signal, suggests that the pair would continue its losses after a breach below the support level. | R1 R2 | 0.6815 0.6905 | S1 S2 | 0.6725 0.6630 |
| USDCAD | USDCAD increased in price after a recent breach over the previous resistance level of 1.2735. MACD signals indicating dwindling bullish trend point to the pair extending its advances approaching the barrier of 1.2865. | R1 R2 | 1.2865 1.2955 | R1 R2 | 1.2735 1.2615 |
| USDCHF | Continue to trade sideways in a channel. Due to the absence of obvious direction and momentum, it is recommended to join the market only after receiving more signals. | R1 R2 | 0.9250 0.9320 | R1 R2 | 0.9170 0.9105 |
| Crude Oil | Crude oil prices fell after a previous retreat from the 72.70 barrier level. The MACD indicator, which indicates a bearish trend signal, indicates that the commodity will continue its losses towards the support level of 68.90. | R1 R2 | 72.70 75.25 | S1 S2 | 68.90 65.25 |
| XAUUSD | Gold has remained stable and is presently probing the resistance level of 1787.75. However, MACD signals indicating a bullish bias imply that the commodity will move higher after a break over the resistance level. | R1 R2 | 1787.75 1806.80 | S1 S2 | 1763.05 1744.00 |
| 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.