Technical Analysis
Date: 19.08.2022
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 lower and is currently testing the support level. The MACD, which showed increasing bearish trend, suggests that the pair will extend its losses after the breakout. | R1 R2 | 1.2025 1.2125 | S1 S2 | 1.1915 1.1820 |
EURUSD | The EURUSD has been trading lower and is currently testing the support level. The MACD, which showed increasing bearish trend, suggests that the pair will extend its losses after the breakout. | R1 R2 | 1.0155 1.0285 | S1 S2 | 1.0080 1.000 |
USDJPY | Following the previous breakout above the previous resistance level, the SDJPY was traded higher. MACD, which showed increasing bullish trend, suggests that the pair will extend its gains. | R1 R2 | 137.30 139.10 | S1 S2 | 135.30 132.40 |
AUDUSD | The AUDUSD has been trading lower and is currently testing the support level. However, MACD, which shows diminishing bearish trend, suggests that the pair will trade higher as a technical correction. | R1 R2 | 0.6990 0.7120 | S1 S2 | 0.6895 0.6805 |
NZDUSD | NZDUSD has been trading lower and is currently testing the support level. However, MACD, which shows diminishing bearish trend, suggests that the pair will trade lower as a technical correction. | R1 R2 | 0.6340 0.6455 | R1 R2 | 0.6225 0.6070 |
USDCAD | The USDCAD is currently trading higher while testing the resistance level. MACD, which showed increasing bullish trend, suggests that the pair will extend its gains after the breakout. | R1 R2 | 1.2955 1.3105 | R1 R2 | 1.2755 1.2645 |
USDCHF | Following the previous breakout above the previous resistance level, the USDCHF was traded higher. The MACD, which showed increasing bullish trend, suggests that the pair will extend its gains toward the resistance level. | R1 R2 | 0.9635 0.9740 | S1 S2 | 0.9515 0.9410 |
Crude Oil | The price of Crude Oil increased after a previous breakout above the previous resistance level. MACD, which showed increasing bullish trend, indicates that the commodity will extend its gains toward the resistance level. | R1 R2 | 91.70 94.60 | S1 S2 | 88.95 86.05 |
XAUUSD | The Gold price has been trading lower and is currently testing the support level. However, the MACD, which showed diminishing bearish trend, suggests that the commodity will trade higher as a technical correction. | R1 R2 | 1768.90 1783.30 | S1 S2 | 1754.50 1737.35 |
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.