Technical Analysis
Date: 15.04.2022
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 down 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 | 1.3090 1.3195 | S1 S2 | 1.3010 1.2930 |
| EURUSD | The EURUSD has been trading downward and is presently challenging the support level. The MACD, which showed growing bearish trend, suggests that the pair would extend its losses if it successfully breaks through the support level. | R1 R2 | 1.0955 1.1080 | S1 S2 | 1.0795 1.0685 |
| USDJPY | Following a recent breakout over the previous resistance level, the USDJPY was traded higher. MACD, which showed growing bullish trend, suggests that the pair will extend its gains. | R1 R2 | 127.05 128.00 | S1 S2 | 126.00 125.20 |
| AUDUSD | The AUDUSD was trading lower after breaking below the last support level. The MACD, which showed growing bearish trend, suggests that the pair's losses would be extended. | R1 R2 | 0.7410 0.7480 | R1 R2 | 0.7365 0.7300 |
| NZDUSD | NZDUSD was trading down after breaking below the previous support level. The MACD, which showed growing bearish trend, suggests that the pair's losses would be extended. | R1 R2 | 0.6800 0.6875 | R1 R2 | 0.6740 0.6675 |
| USDCAD | The USDCAD has been trading downward and is presently challenging the support level. However, the MACD, which showed diminishing bearish trend, suggests that the pair should be traded upward as a technical correction. | R1 R2 | 1.2645 1.2700 | S1 S2 | 1.2605 1.2565 |
| USDCHF | Following a recent breakout over the previous resistance level, the USDCHF was traded higher. However, the MACD, which showed declining bullish trend, suggests that the pair should be traded down as a technical correction. | R1 R2 | 0.9455 0.9510 | S1 S2 | 0.9415 0.9370 |
| Crude Oil | The price of crude oil increased after a previous breakout over the previous resistance level. MACD, which showed growing great traction, suggests that the commodity's gains will be extended. | R1 R2 | 108.40 112.20 | S1 S2 | 103.75 98.55 |
| XAUUSD | The gold price has been trading upward and is presently challenging the resistance level. The falling bearish trend shown by the MACD suggests that the commodity will continue its gains if it successfully breaks through the barrier level. | R1 R2 | 1974.45 1988.50 | S1 S2 | 1961.25 1948.15 |
| 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.