Technical Analysis
Date: 19.05.2022
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 1.2325 support level. However, MACD, which indicated growing bearish trend, suggests that the pair will see a short-term drop toward a lower level. | R1 R2 | 1.2425 1.2585 | S1 S2 | 1.2325 1.2235 |
EURUSD | The EURUSD is now trading higher, testing the resistance level of 1.0490. However, MACD, which showed weakening bullish trend, suggests that the pair will see a short-term technical correction to a lower level. | R1 R2 | 1.0490 1.0565 | S1 S2 | 1.0440 1.0370 |
USDJPY | USDJPY was traded higher while currently testing the resistance level at 128.80. MACD which illustrated diminishing bearish trend suggest the pair to extend its gains after it successfully breakout above the resistance level. | R1 R2 | 128.80 131.35 | S1 S2 | 126.95 125.05 |
AUDUSD | The AUDUSD was trading higher after a previous bounce at a lower level. The declining bearish trend in the MACD suggests that the pair will extend its advances approaching the resistance level at 0.7035. | R1 R2 | 0.7035 0.7260 | R1 R2 | 0.6850 0.6750 |
NZDUSD | NZDUSD was trading higher after previously rebounding from the 0.6285 support level. The declining bearish trend in the MACD suggests that the pair will extend its advances approaching the resistance level at 0.6365. | R1 R2 | 0.6365 0.6430 | R1 R2 | 0.6285 0.6225 |
USDCAD | USDCAD has been trading downward and is presently challenging the 1.2835 support level. The weakening bullish trend indicated by the MACD suggests that the pair will continue its losses after successfully breaking below the support line. | R1 R2 | 1.2910 1.2975 | S1 S2 | 1.2835 1.2785 |
USDCHF | USDCHF was trading down after breaking below the last support level at 0.9890. The MACD indicator, which shows a bearish bias trend, suggests that the pair may continue its losses into the 0.9825 support level. | R1 R2 | 0.9890 0.9980 | S1 S2 | 0.9825 0.9725 |
Crude Oil | The price of Crude oil has risen and is presently testing the resistance level of 108.05. MACD, which showed diminishing bearish trend, suggests that the commodity would extend its gains after successfully breaking over the barrier level. | R1 R2 | 108.05 110.70 | S1 S2 | 106.55 103.95 |
XAUUSD | Following a previous pullback from the downtrend line, the Gold price was traded lower. However, the MACD, which showed weakening bullish trend, suggests that the commodity would continue its losses to the support level of 1809.00. | R1 R2 | 1830.00 1850.00 | S1 S2 | 1809.00 1792.30 |
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.