Technical Analysis
Date:12.12.2021
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 moved higher after a recent recovery from the 1.3190 support level. MACD signals with a bullish bias imply that the pair will continue its comeback towards the barrier level 1.3315. | R1 R2 | 1.3315 1.3430 | S1 S2 | 1.3190 1.3055 |
| EURUSD | EURUSD has been trading downward and is presently targeting the 1.1260 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 | 1.1355 1.1455 | S1 S2 | 1.1260 1.1170 |
| USDJPY | USDJPY is now trading flat in a sideways pattern, testing the resistance of 113.80. However, MACD signals indicating fading bullish trend imply that the pair may trade lower in the immediate term, perhaps reaching the support level 112.75. | R1 R2 | 113.80 114.60 | S1 S2 | 112.75 112.00 |
| AUDUSD | The AUDUSD has been trading lower and is presently approaching the 0.7095 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 | 0.7095 0.7005 |
| NZDUSD | NZDUSD has been trading downward and is presently approaching the 0.6725 support level. MACD indicators, which indicate an ongoing bearish trend signal, indicate that the pair will continue its losses after breaking below the support level. | R1 R2 | 0.6815 0.6905 | S1 S2 | 0.6725 0.6630 |
| USDCAD | USDCAD is now trading higher and is testing the resistance level of 1.2865. However, MACD signals indicating dwindling bullish trend imply the pair is due for a technical pullback towards the support level 1.2735. | R1 R2 | 1.3865 1.2955 | R1 R2 | 1.2735 1.2615 |
| USDCHF | USDCHF has remained in a sideways pattern and is presently probing resistance at 0.9250. However, MACD signals indicating a bullish trend imply that the pair should be traded higher after a break over the resistance level. | R1 R2 | 0.9250 0.9320 | R1 R2 | 0.9170 0.9105 |
| Crude Oil | Crude oil prices have been trading down and are presently testing at the 68.90 support level. MACD indicators, which indicate a continued bearish trend signal, indicate that the commodity would extend its losses if it falls below the support level. | R1 R2 | 72.70 75.25 | S1 S2 | 68.90 65.25 |
| XAUUSD | Gold has been trading downward and is presently challenging the 1763.05. support level. The MACD indicator, which demonstrates a bearish trend signal with the development of a death cross, indicates that the commodity will continue its losses after breaking below the support 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.