Technical Analysis
Date:22.09.2021
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.
Instruments | Description ( H4 Timeframe ) | R | Resistance levels | S | Support Levels |
---|---|---|---|---|---|
GBPUSD | GBPUSD has been trading downward and is now challenging the 1.3605 support level. However, MACD signals indicating decreasing bearish trend and the development of a golden cross indicate that the pair should be traded upward approaching the resistance level 1.3765. | R1 R2 | 1.3765 1.3875 | S1 S2 | 1.3605 1.3460 |
EURUSD | EURUSD has been trading downward and is now challenging the 1.1705 support level. However, MACD's bullish trend indicator suggests that the pair should be traded higher towards the resistance level 1.1800. | R1 R2 | 1.1800 1.1885 | S1 S2 | 1.1705 1.1625 |
USDJPY | USDJPY has been trading higher and is now hitting resistance around 109.60. MACD indicators that indicate dwindling bearish trend imply that the pair may continue its gains after a breach over the resistance level 109.60. | R1 R2 | 109.60 110.20 | S1 S2 | 109.15 108.65 |
AUDUSD | The AUDUSD has been trading downward and is now challenging the 0.7235 support level. However, MACD signals indicating bullish trend indicate that the pair is due for a technical pullback approaching the resistance level 0.7335. | R1 R2 | 0.7335 0.7415 | S1 S2 | 0.7250 0.7150 |
NZDUSD | NZDUSD has been trading downward and is now challenging the 0.6990 support level. However, MACD signals indicating a bullish trend in the shape of a golden cross indicate that the pair should be traded higher approaching the resistance level 0.7075. | R1 R2 | 0.7075 0.7145 | S1 S2 | 0.6990. 0.6920 |
USDCAD | USDCAD has been trading downward and is now challenging the 1.2770 support level. The MACD indicator, which indicates a bearish trend signal, suggests that the pair would continue its losses after a breach below the support level. | R1 R2 | 1.2870 1.2955 | S1 S2 | 1.2770 1.2685 |
USDCHF | USDCHF moved higher after a previous recovery from the 0.9240 support level. MACD indicators that indicate dwindling bearish trend imply that the pair may continue its recovery approaching the resistance level 0.9310. | R1 R2 | 0.9310 0.9375 | S1 S2 | 0.9245 0.9200 |
Crude Oil | The price of crude oil increased after a previous recovery from the support level of 70.45. The MACD indicator, which indicates dwindling bearish trend, suggests that the commodity will continue its recovery towards the resistance level 72.45. | R1 R2 | 72.45 74.30 | S1 S2 | 70.45 68.05 |
XAUUSD | Gold prices have been trading higher and are now challenging resistance around 1785.80. However, MACD signals indicating a waning bullish trand indicate that the commodity should be traded down below the support of 1753.05. | R1 R2 | 1785.80 1806.85 | S1 S2 | 1753.05 1725.50 |
Instruments | 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.