Technical Analysis
Date: 15.07.2022
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 higher after previously rebounding from the 1.1800 support level. The MACD indicator, which showed diminishing bearish trend, suggests that the pair will continue its advances into the resistance level at 1.1900. | R1 R2 | 1.1900 1.2035 | S1 S2 | 1.1800 1.1620 |
| EURUSD | The EURUSD was trading higher after previously rebounding from the 1.0000 support level. The MACD indicator, which showed a bullish bias trend, suggests that the pair will continue its advances approaching the resistance level at 1.0075. | R1 R2 | 1.0075 1.0155 | S1 S2 | 1.0000 0.9915 |
| USDJPY | Following a previous retreat from the resistance level at 139.50, the USDJPY was traded lower. MACD, which showed weakening bullish trend, suggests that the pair will extend its losses near the 138.00 support level. | R1 R2 | 139.50 140.50 | S1 S2 | 138.00 137.60 |
| AUDUSD | The AUDUSD has been trading higher and is presently testing the resistance level of 0.6770. The MACD indicator, which showed diminishing bearish trend, suggests that the pair will extend its gains after successfully breaking above the resistance level at 0.6770. | R1 R2 | 0.6770 0.6855 | S1 S2 | 0.6640 0.6530 |
| NZDUSD | NZDUSD is now trading higher, testing the resistance level around 0.6140. The MACD indicator, which showed diminishing bearish trend, suggests that the pair will continue its gains after successfully breaking above the resistance level. | R1 R2 | 0.6140 0.6225 | R1 R2 | 0.6050 0.5925 |
| USDCAD | USDCAD was trading down after breaking below the last support level of 1.3110. The MACD indicator, which showed weakening bullish trend, suggests that the pair will extend its losses near the 1.3050 support level. | R1 R2 | 1.3110 1.3160 | R1 R2 | 1.3050 1.2975 |
| USDCHF | USDCHF was trading down after breaking below the last support level at 0.9825. MACD, which indicated bearish bias trend, suggests that the pair may extend its losses near the 0.9750 support level. | R1 R2 | 0.9825 0.9890 | S1 S2 | 0.9750 0.9665 |
| Crude Oil | The price of Crude Oil has risen and is presently testing the resistance level of 94.05. The commodity's MACD, which showed a strong bias trend, suggests that it will extend its gains after successfully breaking over the resistance level at 94.05. | R1 R2 | 94.05 98.20 | S1 S2 | 89.55 86.00 |
| XAUUSD | The Gold price rose after previously rebounding from the support level of 1707.90. MACD, which showed diminishing bearish trend, suggests that the commodity will extend its advances toward the 1729.25 resistance level. | R1 R2 | 1729.25 1783.20 | S1 S2 | 1707.90 1678.80 |
| 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.