Technical Analysis
Date:18.01.2022
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 lower after a previous retreat from the 1.3715 resistance level. MACD's growing bearish trend suggests the pair may continue its losses approaching the 1.3595 support level. | R1 R2 | 1.3715 1.3840 | S1 S2 | 1.3595 1.3450 |
| EURUSD | EURUSD has been trading downward and is presently targeting the 1.1380 support level. The MACD indicator, which indicated decreasing bullish trend, suggests that the pair may extend its losses after a successful fall below the support level. | R1 R2 | 1.1530 1.1680 | S1 S2 | 1.1380 1.1235 |
| USDJPY | USDJPY moved higher after a previous comeback from the 114.10 support level. MACD's declining bearish trend suggests the pair will continue its advances approaching the 116.25 barrier level. | R1 R2 | 116.25 117.50 | S1 S2 | 114.10 112.85 |
| AUDUSD | The AUDUSD has been trading downward and is presently approaching the 0.7205 support level. However, MACD's declining signal suggests that the pair should be traded higher in the near term as a technical correction. | R1 R2 | 0.7270 0.7335 | S1 S2 | 0.7205 0.7125 |
| NZDUSD | NZDUSD moved lower after a previous retreat from the 0.6865 resistance level. MACD, which indicated dwindling bullish momentum, suggests the pair may continue its losses into the 0.6710 support level. | R1 R2 | 0.6865 0.6960 | S1 S2 | 0.6710 0.6570 |
| USDCAD | USDCAD has been trading downward and is presently approaching the 1.2475 support level. The MACD indicator, which indicated dwindling bullish trend, suggests that the pair may extend its losses after a successful breach below the support level. | R1 R2 | 1.2625 1.2825 | S1 S2 | 1.2475 1.2330 |
| USDCHF | USDCHF moved higher after an earlier recovery from the 0.9095 support level. However, MACD's growing bearish trend indicates that the pair may trade lower in the immediate term as a technical correction. | R1 R2 | 0.9175 0.9270 | S1 S2 | 0.9095 0.9035 |
| Crude Oil | Crude oil prices have been trading upward and are presently hitting the 84.40 barrier level. MACD's declining bearish trend indicates that the commodity will continue its gains after a successful breach above the resistance level. | R1 R2 | 84,80 86.15 | S1 S2 | 81.70 78.10 |
| XAUUSD | Gold price was traded lower following prior retracement from the resistance level at 1830.55. However, MACD which illustrated diminishing bearish momentum suggest the commodity to be traded higher in short-term as technical correction. | R1 R2 | 1830.55 1849.20 | S1 S2 | 1808.95 1786.30 |
| 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.