Technical Analysis
Date:18.11.2021
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 higher after recent bounce from the support level 1.3435. MACD which illustrate bullish trend signal encourage the pair to prolong its comeback approaching the barrier level 1.3545. | R1 R2 | 1.3545 1.3650 | S1 S2 | 1.3435 1.3300 |
| EURUSD | EURUSD surged higher after an earlier recovery from the 1.12625 support level. The MACD indicator, which displays a bullish trend signal in the shape of a golden cross, suggests that the pair will continue its comeback towards the resistance level 1.1375. | R1 R2 | 1.1375 1.1455 | S1 S2 | 1.1265 1.1200 |
| USDJPY | USDJPY is now trading in a sideways pattern after a recent retreat from the 114.60 resistance level. However, MACD signals indicating a bearish bias and the development of a death cross imply that the pair will trade lower in the near term, targeting the support level 113.20. | R1 R2 | 114.60 115.85 | S1 S2 | 113.20 112.00 |
| AUDUSD | The AUDUSD has been trading downward and is presently approaching the 0.7260 support level. MACD indicators, which indicate an ongoing bearish trend signal, indicate that the pair will continue its losses after breaking below the support level. | R1 R2 | 0.7365 0.7455 | S1 S2 | 0.7260 0.7175 |
| NZDUSD | NZDUSD moved higher after an earlier recovery from the 0.6980 support level. MACD signals indicating a bullish bias with the creation of a golden cross indicate that the pair will prolong its comeback towards the resistance level 0.7075. | R1 R2 | 0.7075 0.7145 | S1 S2 | 0.698 0.6910 |
| USDCAD | USDCAD has been trading higher and is presently approaching the 1.2620 resistance level. MACD indicators that indicate bullish trend predict that the pair may continue its gains after a breach over the resistance level 1.2620. | R1 R2 | 1.2620 1.2765 | S1 S2 | 1.2505 1.2410 |
| USDCHF | USDCHF moved lower after a previous retreat from the 0.9300 barrier level. MACD, which exhibits bearish trend and the development of a death cross, suggests that the pair will prolong its regression towards the support level 0.9225. | R1 R2 | 0.9300. 0.9370 | S1 S2 | 0.9225. 0.9145 |
| Crude Oil | Crude oil prices have been trading down and are presently testing at the 75.85 support level. MACD signals indicating bearish trend imply the commodity may continue its losses if it falls below the support level. | R1 R2 | 78.40 81.10 | S1 S2 | 75.85 73.45 |
| XAUUSD | Gold price has been trading higher as it approaches the resistance level of 1867.50. MACD signals indicating declining bearish trend imply the commodity will continue its gains if it breaks over the barrier level. | 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.