Technical Analysis
Date: 21.07.2022
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. The MACD, which showed diminishing bearish trend, suggests that the pair will continue its advances near the resistance level. | R1 R2 | 1.2035 1.2155 | S1 S2 | 1.1940 1.1830 |
| EURUSD | The EURUSD was trading higher after previously rebounding from the support level. MACD, which showed falling bearish trend, suggests that the pair will move closer to the resistance level. | R1 R2 | 1.0270 1.0385 | S1 S2 | 1.0160 1.0085 |
| USDJPY | Following the last breakout over the previous resistance level, the USDJPY was traded higher. However, the MACD, which showed falling bullish trend, suggests that the pair should be traded down as a technical correction. | R1 R2 | 140.95 144.60 | S1 S2 | 131.85 126.75 |
| AUDUSD | The AUDUSD was trading higher after rebounding from the support level. However, the MACD, which showed falling bullish trend, suggests that the pair should be traded down as a technical correction. | R1 R2 | 0.6950 0.7030 | S1 S2 | 0.6850 0.6720 |
| NZDUSD | NZDUSD is now trading higher while testing 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 | 0.6235 0.6365 | R1 R2 | 0.6070 0.5935 |
| USDCAD | USDCAD has been trading downward and is presently challenging the support level. However, MACD, which shows fading bearish trend, suggests that the pair will trade higher as a technical correction. | R1 R2 | 1.2950 1.3050 | R1 R2 | 1.2835 1.2670 |
| USDCHF | The USDCHF has been trading downward and is presently challenging the support level. However, MACD, which shows fading bearish trend, suggests that the pair will trade higher as a technical correction. | R1 R2 | 0.9755 0.9845 | S1 S2 | 0.9685 0.9615 |
| Crude Oil | The price of Crude Oil fell after a previous retreat from the resistance level. The MACD, which showed growing bearish trend, suggests that the commodity may continue its losses near the support level. | R1 R2 | 100.85 104.75 | S1 S2 | 97.40 92.50 |
| XAUUSD | The Gold price fell after a previous breakthrough below the previous support level. However, the MACD, which showed falling bearish trend, suggests that the commodity will trade upward as a technical correction. | R1 R2 | 1702.60 1725.00 | S1 S2 | 1680.00 1666.85 |
| 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.