Technical Analysis
Date:17.09.2021
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.
Instruments | Description ( H4 Timeframe ) | R | Resistance levels | S | Support Levels |
---|---|---|---|---|---|
GBPUSD | The pound-to-dollar exchange rate has remained in a sideways channel, with the pair presently challenging the support level of 1.3765. In contrast, the MACD indicator, which displays a bearish trend signal, suggests that the pair would extend its losses if it falls below the support level. | R1 R2 | 1.3875 1.3990 | S1 S2 | 1.3765 1.3600 |
EURUSD | Following a recent breach below the previous support level of 1.1800, the EURUSD has been trading downward. The MACD indicator, which depicts a continuing bearish trend signal, suggests that the pair will continue its losses towards the support level of 1.1705 in the near future. | R1 R2 | 1.1800 1.1885 | S1 S2 | 1.1705 1.1625 |
USDJPY | The USDJPY has been trading higher after it broke above the last barrier level of 109.60 on Monday. The development of a golden cross on the MACD indicator, which indicates a bullish trend signal, suggests that the pair will continue its gains towards the resistance level 110.20. | R1 R2 | 110.20 110.75 | S1 S2 | 109.60 109.15 |
AUDUSD | The Australian dollar fell against the US dollar after a recent pullback from the resistance level of 0.7335. The MACD indicator, which indicates a bearish trend signal, suggests that the pair may continue its losses towards the support level of 0.7250. | R1 R2 | 0.7335 0.7415 | S1 S2 | 0.7250 0.7150 |
NZDUSD | The New Zealand dollar fell against the US dollar after breaking below the previous support level of 0.7075. The MACD indicator, which shows a continuing bearish trend signal, suggests that the pair may continue its losses towards the support level of 0.6990 in the near future. | R1 R2 | 0.7075 0.7145 | S1 S2 | 0.6990 0.6920 |
USDCAD | In spite of the fact that the USDCAD is trading in a sideways pattern, it is presently challenging the resistance level 1.2685. In contrast, after breaking over the resistance level 1.2685, the MACD indicator, which displays a bullish trend signal with the creation of a golden cross, suggests that the pair will continue to gain momentum. | R1 R2 | 1.2685 1.2770 | S1 S2 | 1.2585 1.2510 |
USDCHF | The USDCHF was trading higher after a recent breakthrough over the previous resistance level of 0.9245 on the currency pair. With a bullish bias signal on the MACD, the pair is expected to continue its gains towards the resistance level of 0.9310 in the near future. | R1 R2 | 0.9310 0.9355 | S1 S2 | 0.9245 0.9200 |
Crude Oil | Crude oil prices remained unchanged after a recent breach over the prior barrier level of 70.45. However, MACD signals indicating dwindling bullish trend indicate that the commodity could be traded down as a technical correction towards the support level 70.45. | R1 R2 | 74.30 77.00 | S1 S2 | 70.45 68.05 |
XAUUSD | Gold has been trading downward and is now targeting the 1754.40 support level. MACD signals indicating decreasing bearish trend point to a technical pullback approaching the resistance of 1785.80. | R1 R2 | 1806.85 1831.20 | S1 S2 | 1785.80 1760.35 |
Instruments | 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.