201021 Session Analysis | Forex Brokers | MT5 & TradingView Platform

Technical Analysis

Date:20.10.2021

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	Following a recent pullback from the support level of 1.3745, the pound was trading lower against the dollar. The MACD indicator, which shows a weakening bullish trend signal, suggests that the pair may continue its retracement towards the support level 1.3620 in the near term.	R1 R2	1.3745 1.3875	S1 S2	1.3620 1.3435
EURUSD	The euro-dollar exchange rate has risen as a result of a previous recovery from the support level of 1.1575. The MACD indicator, which indicates a bullish trend signal that is still present, suggests that the pair will extend its gains towards the resistance level of 1.1635.	R1 R2	1.1635 1.1690	S1 S2	1.1575 1.1515
USDJPY	The USDJPY has been trading higher as of late, and it is now challenging the resistance level of 113.95. After breaking over the resistance level of 113.95, the MACD indicator, which shows a decreasing bearish trend signal, suggests that the pair will continue its gains.	R1 R2	113.95 114.50	S1 S2	113.35 112.60
AUDUSD	The Australian dollar gained ground against the US dollar after breaking over previous barrier around 0.7400. However, the MACD indicator, which shows a weakening bullish trend signal, suggests that the pair would suffer a technical correction if it falls back below the resistance level.	R1 R2	0.7485 0.7545	S1 S2	0.7400 0.7320
NZDUSD	Following a recent breakthrough over the prior resistance level of 0.6985, the New Zealand dollar gained ground against the US dollar. The MACD indicator, which indicates a bullish trend signal, suggests that the pair will continue its gains towards the resistance level of 0.7075 in the near future.	R1 R2	0.7075 0.7145	S1 S2	0.6985 0.6880
USDCAD	In recent trading, the USDCAD has been trading lower and is now testing around the support level of 1.2310. The MACD, which depicts a continuing bearish trend signal, suggests that the pair would continue its losses if it falls below the support level, as it did on Monday.	R1 R2	1.2455 1.2565	S1 S2	1.2310 1.2210
USDCHF	The USDCHF has been trading higher as of late, and it is now challenging the resistance level of 0.9240. After breaking over the resistance level, the MACD indicator, which shows decreasing bearish trend signals, suggests that the pair will continue its gains.	R1 R2	0.9240 0.9305	S1 S2	0.9170 0.9100
Crude Oil	The price of crude oil has risen in recent trading, and it is now probing around the resistance level of 82.50. With the development of a golden cross on the MACD chart, which indicates a decreasing bearish trend signal, it suggests that the commodity would continue its gains after breaking above the barrier level.	R1 R2	82.50 84.55	S1 S2	79.40 76.40
XAUUSD	Following a recent pullback from its all-time high, the gold price has been trading downward. The commodity is expected to continue its retracement towards the support level of 1779.50, according to the MACD, which shows a decreasing positive momentum signal.	R1 R2	1806.85 1830.25	S1 S2	1779.50 1747.05
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.