Technical Analysis
Date:21.12.2021
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 has been trading downward and is presently approaching the 1.3195 support level. MACD's declining bearish momentum suggests that the pair will trade higher in the immediate term as a technical correction. | R1 R2 | 1.3355 1.3505 | S1 S2 | 1.3195 1.3050 |
| EURUSD | EURUSD moved higher after a previous comeback from the 1.1235 support level. MACD's growing bearish trend suggests that the pair will continue its advances toward the 1.1345 barrier level. | R1 R2 | 1.1345 1.1440 | S1 S2 | 1.1235 1.1175 |
| USDJPY | USDJPY was trading higher after a previous comeback from the 112.80 support level. The MACD indicator, which indicated diminishing bearish trend, suggests that the pair will continue its advances into the 114.40 barrier level. | R1 R2 | 114.40 115.40 | S1 S2 | 112.80 112.05 |
| AUDUSD | The AUDUSD has been trading lower and is presently approaching the 0.7090 support level. MACD's declining bearish trend suggests that the pair will trade higher in the immediate term as a technical correction. | R1 R2 | 0.7175 0.7260 | S1 S2 | 0.7090 0.6995 |
| NZDUSD | NZDUSD has been trading downward and is presently approaching the 0.6705 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 | 0.6895 0.7150 | S1 S2 | 0.6705 0.6405 |
| USDCAD | USDCAD has been trading higher and is presently approaching the 1.29335 resistance level. However, MACD's declining bullish trend suggests that the pair may trade lower in the immediate term as a technical correction. | R1 R2 | 1.2935 1.3020 | R1 R2 | 1.2840 1.2765 |
| USDCHF | USDCHF has been trading downward and is presently approaching the 0.9200 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 | 0.9260 0.9315 | R1 R2 | 0.9200 0.9155 |
| Crude Oil | Crude oil prices have been trading higher as they approach the resistance level at 69.55. The MACD indicator, which indicated lessening bearish trend, suggests the commodity will extend its gains after a successful breakthrough over the barrier level. | R1 R2 | 69.55 72.65 | S1 S2 | 66.50 62.55 |
| XAUUSD | Gold prices have been trading lower and are presently targeting the 1790.20 support level. MACD indicators indicating increasing bearish trend imply the commodity may extend its losses after a successful breakthrough below the support level. | 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.