Technical Analysis
Date: 16.02.2022
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 Levels |
---|---|---|---|---|---|
GBPUSD | GBPUSD moved higher after an earlier recovery from the 1.3505 support level. The MACD indicator, which indicated lessening bearish trend, suggests that the pair will continue its advances into the 1.3595 resistance level. | R1 R2 | 1.3595 1.3715 | S1 S2 | 1.3505 1.3450 |
EURUSD | EURUSD surged higher after an earlier recovery from the 1.1290 support level. MACD's growing bullish trend suggests the pair may continue its advances toward the 1.1380 resistance level. | R1 R2 | 1.1380 1.1475 | S1 S2 | 1.1290 1.1235 |
USDJPY | USDJPY moved higher after a previous comeback from the 115.40 support level. MACD's growing bullish trend suggests the pair may continue its advances toward the 116.25 resistance level. | R1 R2 | 116.25 117.50 | S1 S2 | 115.40 114.30 |
AUDUSD | The AUDUSD moved higher after an earlier bounce from the 0.7125 support level. MACD's growing bullish trend suggests the pair will continue its advances approaching the 0.7205 resistance level. | R1 R2 | 0.7205 0.7270 | S1 S2 | 0.7125 0.7055 |
NZDUSD | NZDUSD moved lower after a previous retreat from the 0.6710 resistance level. MACD's declining bullish trend suggests the pair may continue its losses near the 0.6535 support level. | R1 R2 | 0.6710 0.6865 | S1 S2 | 0.6535 0.6430 |
USDCAD | USDCAD moved higher after an earlier recovery from the 1.2625 support level. However, MACD's declining bullish trend suggests that the pair may trade lower in the short term as a technical correction. | R1 R2 | 1.2825 1.2950 | S1 S2 | 1.2625 1.2475 |
USDCHF | USDCHF has been trading higher and is presently challenging the 0.9270 resistance level. However, MACD's growing bearish trend indicates that the pair may trade lower in the short term as a technical correction. | R1 R2 | 0.9270 0.9345 | S1 S2 | 0.9180 0.9095 |
Crude Oil | The price of crude oil has been trading upward and is presently challenging the 91.20 resistance level. MACD's decreasing bearish trend indicates that the commodity will continue its gains after a successful breach above the resistance level. | R1 R2 | 91.20 93.05 | S1 S2 | 88.50 86.20 |
XAUUSD | Gold prices fell after an earlier retreat from the resistance level at 1870.15. MACD indicators indicating weakening bullish trend predict the commodity may continue its losses toward the support level at 1847.60. | R1 R2 | 1870.15 1900.35 | S1 S2 | 1847.60 1828.00 |
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.