Technical Analysis
Date:21.01.2022
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. 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 | 1.3715 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 down and is presently challenging the 113.75 support level. MACD indicators indicating increasing bearish trend imply the pair will extend its losses after a successful breakthrough below the support level. | R1 R2 | 114.95 116.25 | S1 S2 | 113.75 112.85 |
AUDUSD | The AUDUSD fell after a previous fall below the previous support level at 07205. MACD's growing bearish trend suggests the pair may continue its losses near the 0.7125 support level. | R1 R2 | 0.7205 0.7270 | S1 S2 | 0.7125 0.7000 |
NZDUSD | NZDUSD has been trading downward and is presently approaching the 0.6710 support level. MACD's growing bearish trend indicates that the pair will extend its losses after a successful breach below the support level. | R1 R2 | 0.6865 0.6960 | S1 S2 | 0.6710 0.6570 |
USDCAD | USDCAD moved higher after an earlier recovery from the 1.2475 support level. MACD's growing positive momentum suggests that the pair will continue its advances approaching the 1.2625 resistance 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 declining 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 | Crude Oil prices increased after an earlier comeback from the 82.70 support level. The MACD indicator, which indicated lessening bearish trend, suggests the commodity may continue its advances into the 84.45 resistance level. | R1 R2 | 84.45 86.60 | S1 S2 | 82.70 81.35 |
XAUUSD | The Gold price has been trading inside a range and is presently attempting to break through the resistance level at 1846.45. MACD's declining bullish momentum suggests that the commodity will trade lower in the immediate term as a technical correction. | R1 R2 | 1846.45 1867.10 | S1 S2 | 1828.00 1811.35 |
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.