Technical Analysis
Date:17.11.2021
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 lower following prior retracement from the resistance level 1.3435. MACD which illustrate diminishing bullish trend signal suggest the pair to extend its retracement towards the support level 1.3300. | R1 R2 | 1.3435 1.3545 | S1 S2 | 1.3300 1.3160 |
| EURUSD | EURUSD has been trading downward and is presently targeting the 1.1265 support level. MACD indicators, which indicate an ongoing bearish motion signal, indicate that the pair will continue its losses after breaking below the support level. | R1 R2 | 1.1375 1.1455 | S1 S2 | 1.1265 1.1200 |
| USDJPY | The USDJPY strengthened after a recent breach over the previous barrier level of 114.60. MACD indicators that indicate bullish trend point to the pair extending its advances approaching the barrier of 115.85. | R1 R2 | 115.85 116.95 | S1 S2 | 114.60 113.20 |
| AUDUSD | The AUDUSD currency pair has been trading downward after a recent breach below the previous support level of 0.7285. The MACD indicator, which indicates a bearish trend signal, suggests that the pair may continue its losses towards the 0.7175 support level. | R1 R2 | 0.7285 0.7365 | S1 S2 | 0.7175 0.7105 |
| NZDUSD | NZDUSD has been trading downward and is presently approaching the 0.6980 support level. MACD, which displays a bearish trend signal with the development of a death cross, indicates that the pair will extend its losses after a breach below the support level. | R1 R2 | 0.7075 0.7145 | S1 S2 | 0.6980 0.6910 |
| USDCAD | USDCAD moved higher after an earlier recovery from the 1.2510 support level. MACD, which displays a bullish trend in the shape of a golden cross, suggests that the pair will prolong its comeback into the resistance level 1.2620. | R1 R2 | 1.2620 1.2765 | S1 S2 | 1.2505 1.2410 |
| USDCHF | USDCHF increased in price after a previous breach over the previous resistance level of 0.9295. MACD indicators that indicate bullish trend point to the pair extending its advances approaching the barrier level 0.9370. | R1 R2 | 0.9370 0.9455 | S1 S2 | 0.9295 0.9225 |
| Crude Oil | USDCHF increased in price after a previous breach over the previous resistance level of 0.9295. MACD indicators that indicate bullish trend point to the pair extending its advances approaching the barrier level 0.9370. | R1 R2 | 81.10 84.75 | S1 S2 | 78.40 75.85 |
| XAUUSD | The gold price fell after a previous retreat from the barrier of 1867.50. MACD signals indicating persistent bearish trend point to the commodity extending its losses towards the support level 1831.50. | R1 R2 | 1867.50 1900.05 | 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.