Technical Analysis
Date: 20.07.2022
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 breaking out over the previous barrier level. However, the MACD, which showed decreasing bullish trend, suggests that the pair should be traded down as a technical correction. | R1 R2 | 1.2115 1.2175 | S1 S2 | 1.2010 1.1870 |
EURUSD | The EURUSD was trading higher after breaking over the previous barrier level. However, the MACD, which showed declining bullish trend, suggests that the pair should be traded down as a technical correction. | R1 R2 | 1.0315 1.0385 | S1 S2 | 1.0235 1.0145 |
USDJPY | Following a previous comeback from the support level, the USDJPY was traded higher. MACD, which showed diminishing bearish trend, suggests that the pair will extend its advances. | R1 R2 | 138.60 139.90 | S1 S2 | 137.35 136.65 |
AUDUSD | The AUDUSD has been trading higher and is presently challenging the ressitance level. However, the MACD, which showed declining bullish trend, suggests that the pair should be traded down as a technical correction. | R1 R2 | 0.6930 0.7005 | S1 S2 | 0.6850 0.6770 |
NZDUSD | NZDUSD was trading higher after breaking out over the previous ressitance level. MACD, which showed growing bullish trend, suggests that the pair will extend its gains. | R1 R2 | 0.6295 0.6350 | R1 R2 | 0.6235 0.6145 |
USDCAD | USDCAD was trading down after breaking below the last support level. However, the MACD, which showed diminishing bearish trend, suggests that the pair should be traded upward as a technical correction. | R1 R2 | 1.2875 1.2940 | R1 R2 | 1.2800 1.2730 |
USDCHF | The USDCHF has been trading downward and is presently challenging the support level. However, the MACD, which showed diminishing bearish trend, suggests that the pair should be traded upward as a technical correction. | R1 R2 | 0.9740 0.9820 | S1 S2 | 0.9675 0.9595 |
Crude Oil | Following a previous comeback from the support level, the Crude Oil price was traded higher. However, the MACD, which showed declining bullish trend, suggests that the commodity will trade lower as a technical correction. | R1 R2 | 103.30 107.60 | S1 S2 | 97.70 93.55 |
XAUUSD | The Gold price fell after a previous retreat from the resistance level. The falling bullish trend in the MACD suggests that the commodity's losses will be extended. | R1 R2 | 1718.90 1737.30 | S1 S2 | 1700.95 1681.85 |
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.