Technical Analysis
Date: 18.07.2022
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 was trading higher after previously rebounding from the support level. MACD, which showed growing bullish trend, suggests that the pair will continue its advances into the resistance level. | R1 R2 | 1.2035 1.2190 | S1 S2 | 1.1815 1.1655 |
EURUSD | The EURUSD was trading higher after previously rebounding from the support level. The MACD indicator, which showed growing bullish trend, suggests that the pair will continue its advances into the resistance level. | R1 R2 | 1.0160 1.0385 | S1 S2 | 1.0000 0.9780 |
USDJPY | The USDJPY 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 breakthrough. | R1 R2 | 139.65 142.75 | S1 S2 | 137.75 134.45 |
AUDUSD | The AUDUSD has been trading higher and is presently around the ressitance level. MACD, which showed growing bullish trend, suggests that the pair will extend its gains after the breakthrough. | R1 R2 | 0.6850 0.7030 | S1 S2 | 0.6720 0.6615 |
NZDUSD | NZDUSD is now trading higher while testing the barrier level. MACD, which showed growing bullish trend, suggests that the pair will extend its gains after the breakthrough. | R1 R2 | 0.6215 0.6365 | R1 R2 | 0.6070 0.5935 |
USDCAD | USDCAD was trading down after breaking below the last support level. MACD, which showed growing bearish trend, suggests that the pair's losses will be extended. | R1 R2 | 1.3050 1.3185 | R1 R2 | 1.2925 1.2840 |
USDCHF | The USDCHF was trading downward after breaking below the last support level. MACD, which showed growing bearish trend, suggests that the pair will continue its losses near the support level. | R1 R2 | 0.9750 0.9845 | S1 S2 | 0.9685 0.9615 |
Crude Oil | The Crude Oil price has been trading in a range and is presently challenging the resistance level. MACD, which showed growing bullish trend, suggests that the commodity would prolong its gains after breaking above the resistance level. | R1 R2 | 95.15 103.40 | S1 S2 | 89.50 84.05 |
XAUUSD | The Gold price increased after previously rebounding from the support level. MACD, which showed growing bullish trend, indicates that the commodity will continue its advances into the resistance level. | R1 R2 | 1724.95 1745.65 | S1 S2 | 1702.60 1679.25 |
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.