Technical Analysis
Date:21.09.2021
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.
| Instruments | Description ( H4 Timeframe ) | R | Resistance levels | S | Support Levels |
|---|---|---|---|---|---|
| GBPUSD | GBPUSD has been trading downward and is now challenging support around the 1.3605 level. However, MACD indications indicating decreasing bearish trend indicate that the pair is due for a technical pullback near the resistance level 1.3765. | R1 R2 | 1.3765 1.3875 | S1 S2 | 1.3605 1.3460 |
| EURUSD | EURUSD moved higher after a previous recovery from the 1.1705 support level. The MACD indicator, which displays a bullish trend signal in the shape of a golden cross, suggests that the pair will continue its gains towards the resistance level 1.1800. | R1 R2 | 1.1800 1.1885 | S1 S2 | 1.1705 1.1625 |
| USDJPY | USDJPY has been trading higher and is now targeting the resistance level of 109.60. MACD signals indicating decreasing bearish trend indicate the pair may continue its gains after a breach above the resistance level. | R1 R2 | 109.60 110.20 | S1 S2 | 109.15 108.65 |
| AUDUSD | The AUDUSD moved higher after a previous recovery from the 0.7250 support level. MACD, which indicates a bullish bias by forming a golden cross, suggests that the pair would continue its advances towards the resistance of 0.7335. | R1 R2 | 0.7335 0.7415 | S1 S2 | 0.7250 0.7150 |
| NZDUSD | NZDUSD has been trading downward and is now challenging the 0.6990 support level. However, MACD's decreasing bearish trend signal indicates that the pair is due for a technical pullback towards the resistance level 0.7075. | R1 R2 | 0.7075 0.7145 | S1 S2 | 0.6990 0.6920 |
| USDCAD | USDCAD has been trading downward and is now challenging the 1.2770 support level. MACD indicators that indicate dwindling bullish trend imply that the pair may continue its losses after a breach below the support level. | R1 R2 | 1.2870 1.2955 | S1 S2 | 1.2770. 1.2685 |
| USDCHF | USDCAD has been trading downward and is now challenging the 1.2770 support level. MACD indicators that indicate dwindling bullish trend imply that the pair may continue its losses after a breach below the support level. | R1 R2 | 0.9310 0.9375 | S1 S2 | 0.9245 0.9200 |
| Crude Oil | The price of crude oil increased after a previous recovery from the support level of 70.45. The MACD indicator, which indicates dwindling bearish trend, suggests that the commodity will continue its recovery towards the resistance level 72.45. | R1 R2 | 72.45 74.30 | S1 S2 | 70.45. 68.05 |
| XAUUSD | Gold prices increased after a previous recovery from the 1753.50 support level. The MACD indicator, which displays a bullish trend signal in the shape of a golden cross, suggests that the commodity will continue its recovery toward the resistance level 1785.80. | R1 R2 | 1785.80 1806.85 | S1 S2 | 1753.05 1725.50 |
| Instruments | 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.