Technical Analysis
Date: 22.04.2022
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 |
|---|---|---|---|---|---|
| GBPUSD | GBPUSD has been trading downward and is presently approaching the 1.2995 support level. The MACD, which showed growing bearish trend, suggests that the pair would continue to lose following the breakthrough. | R1 R2 | 1.3135 1.3200 | S1 S2 | 1.2995 1.2855 |
| EURUSD | Following a previous retreat from the resistance level, the EURUSD was traded lower. The MACD, which showed dwindling bullish trend, suggests the pair will continue losing . | R1 R2 | 1.0905 1.0975 | S1 S2 | 1.0770 1.0690 |
| USDJPY | Following a previous comeback from the support level, the USDJPY was traded higher. However, the MACD indicator, which shows growing bearish trend, suggests that the pair will be traded lower as a technical correction. | R1 R2 | 129.45 132.30 | S1 S2 | 127.65 126.00 |
| AUDUSD | Following a recent breakthrough below the previous support level, the AUDUSD was traded lower. The growing bearish trend of the MACD suggests that the pair will continue to lose ground. | R1 R2 | 0.7355 0.7455 | R1 R2 | 0.7270 0.7180 |
| NZDUSD | Following a recent breakthrough below the previous support level, the NZDUSD was traded lower. The growing bearish trend of the MACD suggests that the pair will continue losing. | R1 R2 | 0.6715 0.6820 | R1 R2 | 0.6630 0.6535 |
| USDCAD | The USDCAD has been trading higher, close to the barrier level. The declining bullish trend of the MACD suggests that the pair will be traded down as a technical correction. | R1 R2 | 1.2635 1.2750 | S1 S2 | 1.2485 1.2315 |
| USDCHF | Following a recent breakout over the previous resistance level, the USDCHF was traded higher. The growing bullish trend of the MACD suggests that the pair will continue its advances approaching the resistance level. | R1 R2 | 0.9580 0.9710 | S1 S2 | 0.9455 0.9230 |
| Crude Oil | The price of Crude oil has been trading downward, and it is presently challenging the support level. The rising bearish trend of the MACD suggests that the commodity will prolong its losses after breaking through the support level. | R1 R2 | 107.10 111.60 | S1 S2 | 101.50 97.75 |
| XAUUSD | Following a previous comeback from the support level, the Gold price was traded higher. The commodity's MACD, which showed reduced bearish trend, suggests that it will continue its rises near the resistance level. | R1 R2 | 1963.00 1975.00 | S1 S2 | 1945.05 1917.95 |
| Instrument | Description ( H4 Timeframe ) | R | Resistance levels | S | Support |
⊗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.