Technical Analysis
Date: 21.06.2022
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 previously rebounding from the support level. MACD, which showed growing bullish trend, suggests that the pair will extend its gains. | R1 R2 | 1.2320 1.2400 | S1 S2 | 1.2240 1.2140 |
| EURUSD | The EURUSD has been trading higher and is presently challenging the ressitance level. However, the MACD, which showed falling bullish trend, suggests that the pair should be traded down as a technical correction. | R1 R2 | 1.0560 1.0640 | S1 S2 | 1.0470 1.0385 |
| USDJPY | The USDJPY has been trading higher and is presently challenging the ressitance level. However, the MACD, which showed falling bullish trend, suggests that the pair should be traded down as a technical correction. | R1 R2 | 135.40 136.45 | S1 S2 | 133.55 131.25 |
| AUDUSD | The AUDUSD was trading higher after previously rebounding from the support level. The MACD, which showed growing bullish trend, suggests that the pair will continue its advances into the resistance level. | R1 R2 | 0.7050 0.7165 | S1 S2 | 0.6865 0.6720 |
| NZDUSD | NZDUSD was trading higher after previously rebounding from the support level. The MACD, which showed diminishing bearish trend, suggests that the pair will continue its advances near the resistance level. | R1 R2 | 0.6535 0.6720 | R1 R2 | 0.6225 0.6070 |
| USDCAD | USDCAD was trading down after breaking below the last support level. MACD, which showed growing bearish trend, suggests that the pair's losses will be extended. | R1 R2 | 1.2975 1.3050 | R1 R2 | 1.2860 1.2765 |
| USDCHF | The USDCHF has been trading downward and is presently challenging the support level. The MACD, which showed growing bullish trend, suggests that the pair will trade higher as a technical correction. | R1 R2 | 0.9745 0.9825 | S1 S2 | 0.9655 0.9560 |
| Crude Oil | The price of Crude Oil increased after a previous breakout over the previous resistance level. MACD, which showed growing bullish trend, suggests that the commodity will extend its gains. | R1 R2 | 112.05 115.65 | S1 S2 | 109.25 105.65 |
| XAUUSD | The Gold price has risen and is presently challenging the resistance level. MACD, which showed growing bullish trend, suggests that the pair will extend its gains after the breakthrough. | R1 R2 | 1844.00 1856.90 | S1 S2 | 1833.15 1818.80 |
| 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.