Technical Analysis
Date:20.01.2022
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 Levels |
---|---|---|---|---|---|
GBPUSD | GBPUSD has been trading downward and is presently approaching the 1.3595 support level. However, MACD's declining bearish trend suggests that the pair may trade higher in the near term as a technical correction. | R1 R2 | 1.3715 1.3840 | S1 S2 | 1.3595 1.3450 |
EURUSD | EURUSD moved down after a previous fall below the 1.1380 support level. However, MACD's declining bearish trend suggests that the pair may trade higher in the near term as a technical correction. | R1 R2 | 1.1380 1.1530 | S1 S2 | 1.1235 1.1105 |
USDJPY | USDJPY has been trading downward and is presently approaching the 114.10 support level. However, MACD's declining bearish trend suggests that the pair may trade higher in the near term as a technical correction. | R1 R2 | 116.25 117.50 | S1 S2 | 114.10 112.85 |
AUDUSD | The AUDUSD moved higher after a recent breach over the previous resistance level of 0.7205. MACD's growing bullish trend suggests the pair may continue its advances toward the 0.7270 resistance level. | R1 R2 | 0.7270 0.7335 | S1 S2 | 0.7205 0.7125 |
NZDUSD | NZDUSD moved lower after a previous retreat from the 0.6865 barrier level. MACD, which indicated decreasing bullish trend, suggests the pair may continue its losses into the 0.6710 support level. | R1 R2 | 0.6865 0.6960 | S1 S2 | 0.6710 0.6570 |
USDCAD | USDCAD has been trading downward and is presently approaching the 1.2475 support level. The MACD indicator, which indicated decreasing bullish trend, suggests that the pair may extend its losses after a successful breach below the support level. | R1 R2 | 1.2625 1.2825 | S1 S2 | 1.2475 1.2330 |
USDCHF | USDCHF has been trading higher and is presently challenging the 0.9180 resistance level. MACD's decreasing bearish trend suggests that the pair will continue its gains after a successful breach above the resistance level. | R1 R2 | 0.9175 0.9270 | S1 S2 | 0.9095 0.9035 |
Crude Oil | The price of crude oil increased after a previous breach over the previous resistance level at 84.45. However, MACD's developing bearish trend indicates that the commodity may trade lower in the immediate term as a technical correction. | R1 R2 | 88.60 91.70 | S1 S2 | 84.45 79.70 |
XAUUSD | The Gold price increased after a recent breach over the previous barrier level at 1830.55. MACD's strong bullish trend suggests the commodity may continue its advances toward the 1849.20 resistance level. | R1 R2 | 1849.20 1867.10 | S1 S2 | 1830.55 1786.30 |
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.