Technical Analysis
Date: 15.08.2022
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 has been trading lower and is currently testing the upward trendline support. However, MACD, which showed diminishing bullish trend, indicates that the pair will extend its losses after successfully breaking below the trendline. | R1 R2 | 1.2175 1.2355 | S1 S2 | 1.2035 1.1900 |
EURUSD | The EURUSD was trading lower after breaking below the previous support level at 1.0265. MACD, which showed diminishing bullish trend, suggests that the pair will extend its losses toward the 1.0155 support level. | R1 R2 | 1.0265 1.0370 | S1 S2 | 1.0155 1.0075 |
USDJPY | USDJPY is currently testing the support level at 133.15, and MACD, which shows a bearish bias, suggests that the pair will extend its losses if it successfully breaks below the support level. | R1 R2 | 135.25 136.65 | S1 S2 | 133.15 131.30 |
AUDUSD | The AUDUSD is currently trading higher, testing the resistance level of 0.7115. MACD, which showed bullish bias trend, suggests that the pair will extend its gains after successfully breaking through the resistance level. | R1 R2 | 0.7115 0.7220 | S1 S2 | 0.6985 0.6860 |
NZDUSD | NZDUSD is currently trading lower after retesting the 0.6430 support level. The MACD indicator, which showed diminishing bullish trend, suggests that the pair will extend its losses after successfully breaking below the support level. | R1 R2 | 0.6555 0.6730 | R1 R2 | 0.6430 0.6360 |
USDCAD | The USDCAD was trading higher after previously rebounding from the 1.2730 support level. MACD, which showed diminishing bearish trend, suggests that the pair will extend its gains toward the 1.2805 resistance level. | R1 R2 | 1.2805 1.2925 | R1 R2 | 1.2730 1.2645 |
USDCHF | USDCHF was trading lower after breaking below the previous support level at 0.9450. MACD, which indicated bearish bias trend, suggests that the pair will extend its losses toward the 0.9350 support level. | R1 R2 | 0.9450 0.9520 | S1 S2 | 0.9350 0.9230 |
Crude Oil | The price of Crude Oil fell after a previous retracement from the upward trendline. The commodity's MACD, which showed diminishing bullish trend, suggests that it will extend its losses toward the support level of 89.70. | R1 R2 | 93.15 98.20 | S1 S2 | 89.70 87.30 |
XAUUSD | Gold price was traded lower following prior retracement from the resistance level at 1808.15. MACD which illustrated diminishing bullish trend suggest the commodity to extend its losses toward the support level at 1783.20. | R1 R2 | 1808.15 1829.75 | S1 S2 | 1783.20 1770.05 |
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.