Technical Analysis
Date:20.12.2021
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 | GBPUSD moved lower after a pullback from a previous peak. MACD, which displays bearish signals, predicts that the pair will move lower after a close below 1.3195. | R1 R2 | 1.3355 1.3505 | S1 S2 | 1.3195 1.3050 |
| EURUSD | EURUSD has been trading downward and is presently trading at the 1.1175 support level. MACD's growing bearish trend indicates that the pair will extend its losses after a successful breach below the support line. | R1 R2 | 1.1370 1.1530 | S1 S2 | 1.1175 1.1010 |
| USDJPY | USDJPY moved lower on a retreat from previous highs. MACD's bearish signal predicts that the pair will trade lower in the immediate term. | R1 R2 | 114.40 115.40 | S1 S2 | 112.80 112.05 |
| AUDUSD | AUDUSD moved lower after a pullback from a previous peak. MACD, which displays a bearish signal, indicating that the pair will trade lower in the immediate term. | R1 R2 | 0.7175 0.7365 | S1 S2 | 0.6995 0.6825 |
| NZDUSD | NZDUSD has been trading downward and is presently approaching the 0.6720 support level. MACD's growing bearish trend indicates that the pair will extend its losses after a successful breach below the support line. | R1 R2 | 0.6815 0.6890 | S1 S2 | 0.6720 0.6640 |
| USDCAD | USDCAD moved higher after a previous recovery from lows. MACD, which displays bullish indications, indicates that the pair will move higher in the near term. | R1 R2 | 1.2895 1.3020 | R1 R2 | 1.2720 1.2595 |
| USDCHF | USDCHF moved higher after a previous comeback from the 0.9200 support level. MACD's growing bullish trend suggests the pair may continue its advances toward the 0.9260 barrier level. | R1 R2 | 0.9260 0.9315 | R1 R2 | 0.9200 0.9155 |
| Crude Oil | The price of Crude Oil fell after a previous pullback from higher levels. MACD, which is a bearish signal, predicts that its price would trade down in the immediate term after a close below 68.40. | R1 R2 | 70.35 72.65 | S1 S2 | 68.40 65.70 |
| XAUUSD | The Gold price fell after a previous retreat from higher levels. The MACD indicator, which indicates diminished upward trend, predicts that its price will trade down in the immediate term. | R1 R2 | 1811.50 1830.55 | S1 S2 | 1790.20 1762.20 |
| 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.