Technical Analysis
Date: 22.03.2022
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 is now testing a resistance level and has been trading higher. However, the MACD indicator, which shows growing bearish trend, suggests that the pair will be traded lower as a technical correction. | R1 R2 | 1.3190 1.3420 | S1 S2 | 1.3010 1.2855 |
EURUSD | The EURUSD has been trading downward and is presently challenging support. If the pair successfully breaks through the support level, the MACD, which indicated increasing bearish trend, suggests the pair would extend its losses. | R1 R2 | 1.1135 1.1245 | S1 S2 | 1.0980 1.0820 |
USDJPY | The USDJPY has been trading higher as it approaches the resistance level. However, the MACD signal, which shows that bullish trend is fading, suggests that the pair will be traded down as a technical correction. | R1 R2 | 119.90 122.95 | S1 S2 | 116.15 113.45 |
AUDUSD | The AUDUSD has been trading higher as it approaches the resistance level. However, the MACD indicator, which shows growing bearish momentum, suggests that the pair will be traded lower as a technical correction. | R1 R2 | 0.7410 0.7525 | S1 S2 | 0.7250 0.7180 |
NZDUSD | Following an earlier retreat from the resistance level, the NZDUSD was traded lower. The growing bearish trend of the MACD suggests that the pair will continue to lose ground. | R1 R2 | 0.6905 0.6965 | S1 S2 | 0.6800 0.6715 |
USDCAD | The USDCAD has been trading lower and is presently testing support. If the pair successfully breaks through the support level, the MACD, which indicated increasing bearish trend, suggests the pair would extend its losses. | R1 R2 | 1.2755 1.2890 | S1 S2 | 1.2565 1.2485 |
USDCHF | The USDCHF has been trading downward and is presently challenging support. The MACD, which showed dwindling bullish trend, suggests the pair will continue to lose ground. | R1 R2 | 0.9425 0.9580 | S1 S2 | 0.9310 0.9115 |
Crude Oil | Following a recent breakout over the previous resistance level, the price of crude oil was traded higher. The rising bullish trend of the MACD suggests that the commodity's gains will be extended. | R1 R2 | 115.90 121.75 | S1 S2 | 111.10 104.40 |
XAUUSD | Following an earlier rebound from a support level of 1912.60, the gold price was traded higher, with MACD indicating increased bullish trend, implying that the commodity will continue its gains. | R1 R2 | 1946.35 1973.00 | S1 S2 | 1912.60 1881.35 |
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.