Technical Analysis
Date:16.11.2021
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 was traded higher and now targeting the resistance level 1.3435. MACD which indicate persistent bullish momentum signal advise the pair to continue its gains when it breaks above the barrier level 1.3435. | R1 R2 | 1.3435 1.3545 | S1 S2 | 1.3300 1.3160 |
| EURUSD | EURUSD has been trading downward and is presently targeting the 1.1375 support level. MACD signals indicating a bearish bias imply that the pair would continue its losses after a breach below the support line. | R1 R2 | 1.1455 1.1535 | S1 S2 | 1.1375 1.1265 |
| USDJPY | The USDJPY currency pair continues to move in a sideways pattern. However, MACD signals indicating bullish momentum and the formation of a golden cross imply that the pair should be traded higher in the near term, targeting the resistance level 114.60. | R1 R2 | 114.60 115.85 | S1 S2 | 113.20 112.00 |
| AUDUSD | The AUDUSD currency pair has been trading higher and is presently challenging the resistance level of 0.7365. MACD indicators that indicate bullish trend predict that the pair may continue its gains after a breach over the resistance level 0.7365. | R1 R2 | 0.7365 0.7455 | S1 S2 | 0.7285 0.7175 |
| NZDUSD | NZDUSD has been trading higher and is presently targeting resistance around 0.7075. MACD indicators that indicate bullish trend predict that the pair will continue its gains after a breach above the barrier level. | R1 R2 | 0.7075 0.7145 | S1 S2 | 0.6980 0.6910 |
| USDCAD | USDCAD moved down after breaking below the previous support level of 1.2515. MACD indicators, which indicate an ongoing bearish trend signal, predict that the pair may continue its losses towards the 1.2410 support level. | R1 R2 | 1.2515 1.2620 | S1 S2 | 1.2410 1.2295 |
| USDCHF | USDCHF moved down after a retreat from its previous high. MACD indicators that indicate dwindling bullish trend predict that the pair may prolong its retracement after a breach below the support level 0.9225. | R1 R2 | 0.9295 0.9370 | S1 S2 | 0.9225 0.9145 |
| Crude Oil | Crude oil prices have been trading higher and are presently hitting resistance at the 81.10 mark. MACD indicators that indicate decreased bearish trend and the development of a golden cross imply that the commodity will continue its gains after a breach above the resistance level. | R1 R2 | 81.10 84.75 | S1 S2 | 78.40 75.85 |
| XAUUSD | Gold prices have been trading higher and are presently targeting resistance around 1867.50. However, MACD signals indicating bearish trend imply that the commodity may prolong its fall toward the support level 1831.50. | R1 R2 | 1867.50 1898.40 | S1 S2 | 1831.50 1805.60 |
| 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.