Technical Analysis
Date: 18.02.2022
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. However, MACD's declining bullish trend suggests that the pair may trade lower in the short term as a technical correction. | R1 R2 | 1.3615 1.3730 | S1 S2 | 1.3505 1.3440 |
EURUSD | EURUSD has been trading higher and is presently approaching the 1.1380 resistance level. However, MACD's declining bullish trend suggests that the pair may trade lower in the short term as a technical correction. | R1 R2 | 1.1380 1.1475 | S1 S2 | 1.1290 1.1235 |
USDJPY | The USDJPY has been trading higher and is presently at the resistance level of 115.40. The MACD indicator, which indicated fading bearish trend, suggests the pair will extend its gains after a successful breakthrough over the resistance level. | R1 R2 | 115.40 116.25 | S1 S2 | 114.30 113.65 |
AUDUSD | The AUDUSD currency pair has been trading higher and is presently challenging the resistance level at 0.7205. However, MACD's declining bullish trend suggests that the pair may trade lower in the short term as a technical correction. | R1 R2 | 0.7205 0.7270 | S1 S2 | 0.7125 0.7055 |
NZDUSD | NZDUSD has been trading higher and is presently challenging the 0.6710 resistance level. MACD's growing bullish trend indicates that the pair will continue its gains after a successful breach over the resistance level. | R1 R2 | 0.6710 0.6865 | S1 S2 | 0.6535 0.6430 |
USDCAD | USDCAD has been trading downward and is presently challenging the 1.2655 support level. MACD's growing bearish trend indicates that the pair will extend its losses after a successful breach below the support level. | R1 R2 | 1.2780 1.2950 | S1 S2 | 1.2655 1.2475 |
USDCHF | USDCHF has been trading downward and is presently approaching the 0.9175 support level. However, MACD's declining bearish trend suggests that the pair may trade higher in the near term as a technical correction. | R1 R2 | 0.9270 0.9345 | S1 S2 | 0.9180 0.9095 |
Crude Oil | Crude oil prices have been trading downward and are now around the 88.50 support level. MACD indicators indicating increasing bearish trend imply the commodity will extend its losses after a successful breakthrough below the support level. | R1 R2 | 91.50 93.05 | S1 S2 | 88.50 86.20 |
XAUUSD | Gold prices have been trading higher as they approach the resistance level at 1900.35. The MACD indicator, which indicated growing bullish trend, suggests the commodity will extend its gains with a successful breakthrough over the resistance level. | R1 R2 | 1900.35 1923.35 | S1 S2 | 1870.15 1847.60 |
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.