211221 Session Analysi | Forex Brokers | MT5 & TradingView Platform

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.