Technical Analysis
Date: 18.04.2022
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 |
---|---|---|---|---|---|
GBPUSD | GBPUSD has been trading downward and is presently challenging the support level. The MACD, which showed growing bearish trend, suggests that the pair will prolong its losses after the breakout. | R1 R2 | 1.3135 1.3200 | S1 S2 | 1.2995 1.2855 |
EURUSD | The EURUSD has been trading downward and is presently challenging the support level. However, the MACD indicator, which showed diminishing bearish trend, suggests that the pair should be traded upward as a technical correction. | R1 R2 | 1.0905 1.0975 | S1 S2 | 1.0795 1.0690 |
USDJPY | Following a recent breakout over the previous resistance level, the USDJPY was traded higher. However, MACD, which showed growing bearish trend, suggests that the pair would trade lower as a technical correction. | R1 R2 | 128.05 129.85 | S1 S2 | 126.00 123.95 |
AUDUSD | The AUDUSD was trading lower after breaking below the last support level. The MACD, which showed growing bearish trend, suggests that the pair's losses would be extended. | R1 R2 | 0.7390 0.7530 | R1 R2 | 0.7270 0.7180 |
NZDUSD | NZDUSD was trading down after breaking below the previous support level. MACD, which showed growing bearish trend, suggests that the pair would continue its losses near the support level. | R1 R2 | 0.6745 0.6820 | R1 R2 | 0.6675 0.6630 |
USDCAD | The USDCAD has been trading higher and is presently challenging the barrier level. MACD, which showed growing bullish trend, suggests that the pair would continue its gains after breaking through the resistance level. | R1 R2 | 1.2635 1.2750 | S1 S2 | 1.2485 1.2315 |
USDCHF | The USDCHF has been trading higher and is presently challenging the resistance level. MACD, which showed growing bullish trend, suggests that the pair would extend its gains after the breakout. | R1 R2 | 0.9430 0.9580 | S1 S2 | 0.9230 0.9110 |
Crude Oil | The price of Crude oil has risen and is presently testing the resistance level of 107.10. However, the MACD, which showed falling bullish trend, suggests that the commodity would trade lower as a technical correction. | R1 R2 | 107.10 111.60 | S1 S2 | 101.50 97.75 |
XAUUSD | The gold price has been trading upward and is presently challenging the barrier level. MACD, which showed diminishing bearish trend, suggests that the commodity would prolong its gains after breaking over the resistance level. | R1 R2 | 1988.95 2005.35 | S1 S2 | 1963.00 1945.05 |
Instrument | Description ( H4 Timeframe ) | R | Resistance levels | S | Support |
⊗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.