Technical Analysis
Date: 20.09.2022
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. However, MACD, which shows increasing bullish trend, suggests that the pair will trade higher as a technical correction. | R1 R2 | 1.1585 1.1730 | S1 S2 | 1.1405 1.1310 |
| EURUSD | The EURUSD was trading higher after previously rebounding from the support level. The MACD, which showed increasing bullish trend, suggests that the pair will extend its gains toward the resistance level. | R1 R2 | 1.0060 1.0180 | S1 S2 | 0.9955 0.9875 |
| USDJPY | Following a previous retracement from the resistance level, the USDJPY was traded lower. MACD, which showed increasing bearish trend, suggests that the pair will extend its losses toward the support level. | R1 R2 | 145.35 152.80 | S1 S2 | 140.75 136.55 |
| 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 | 0.6875 0.7025 | S1 S2 | 0.6675 0.6595 |
| NZDUSD | The NZDUSD has been trading lower and is currently testing the support level. The MACD, which showed diminishing bullish trend, suggests that the pair's losses will be extended following the breakout. | R1 R2 | 0.6050 0.6155 | R1 R2 | 0.5945 0.5845 |
| USDCAD | Following a previous retracement from the resistance level, USDCAD was traded lower. MACD, which showed increasing bearish trend, suggests that the pair will extend its losses toward the support level. | R1 R2 | 1.3320 1.3435 | R1 R2 | 1.3195 1.3100 |
| USDCHF | The USDCHF has been trading lower and is currently testing the support level. The MACD, which showed diminishing bullish trend, suggests that the pair will extend its losses after the breakout. | R1 R2 | 0.9740 0.9855 | S1 S2 | 0.9635 0.9515 |
| Crude Oil | The price of Crude Oil has risen and is currently testing the resistance level. MACD, which indicated increasing bullish trend, suggests that the commodity will extend its gains following the breakout. | R1 R2 | 89.65 92.60 | S1 S2 | 85.30 81.40 |
| XAUUSD | The Gold price has risen and is currently testing the resistance level. MACD, which indicated increasing bullish trend, suggests that the commodity will extend its gains following the breakout. | R1 R2 | 1680.00 1693.65 | S1 S2 | 1656.10 1642.20 |
| 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.