Technical Analysis
Date: 22.02.2022
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 Levels |
|---|---|---|---|---|---|
| GBPUSD | GBPUSD moved lower after a previous retreat from the 1.3615 resistance level. MACD's growing bearish trend suggests the pair may continue its losses approaching the 1.3505 support level. | R1 R2 | 1.3615 1.3730 | S1 S2 | 1.3505 1.3440 |
| EURUSD | EURUSD has been trading downward and is presently targeting the 1.1290 support level. MACD's growing bearish trend indicates that the pair will extend its losses after a successful breach below the support level. | R1 R2 | 1.1380 1.1475 | S1 S2 | 1.1290 1.1235 |
| USDJPY | USDJPY fell after a previous fall below the previous support level at 115.40. MACD's growing bearish trend suggests the pair may continue its losses approaching the 114.30 support level. | R1 R2 | 115.40 116.25 | S1 S2 | 114.30 113.65 |
| AUDUSD | The AUDUSD currency pair has been trading higher and is presently challenging the resistance level at 0.7205. MACD's growing bullish trend indicates that the pair will continue its gains after a successful breach over the resistance level. | R1 R2 | 0.7205 0.7270 | S1 S2 | 0.7125 0.7055 |
| NZDUSD | NZDUSD has been trading higher and is presently challenging the 0.6710 resistance level. MACD's growing bullish trend indicates that the pair will continue its gains after a successful breach over the resistance level. | R1 R2 | 0.6715 0.6865 | S1 S2 | 0.6535 0.6430 |
| USDCAD | USDCAD has been trading higher and is presently approaching the 1.2780 resistance level. MACD's growing bullish trend indicates that the pair will continue its gains after a successful breach over the resistance level. | R1 R2 | 1.2780 1.2950 | S1 S2 | 1.2655 1.2475 |
| USDCHF | USDCHF moved down after a recent fall below the 0.9175 support level. The MACD indicator, which indicated increasing bearish trend, suggests that the pair may continue its losses into the 0.9095 support level. | R1 R2 | 0.9175 0.9270 | S1 S2 | 0.9095 0.9035 |
| Crude Oil | Crude oil prices fell after an earlier retreat from the 93.05. resistance level. MACD's declining bullish trend suggests the commodity may prolong its losses approaching the 91.50 support level. | R1 R2 | 93.05 94.55 | S1 S2 | 91.50 88.50 |
| XAUUSD | Gold prices have been trading higher and are presently hitting resistance around 1911.90. However, MACD's declining bullish trend suggests that the commodity will trade down in the near future as a technical correction. | R1 R2 | 1911.90 1957.75 | S1 S2 | 1871.05 1830.50 |
| 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.