Technical Analysis
Date:22.11.2021
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 1.3430 support level. The MACD indicator, which displays a bearish trend signal with the development of a death cross, suggests that the pair will continue its losses if it falls below the support level 1.3430. | R1 R2 | 1.3555 1.3650 | S1 S2 | 1.3430 1.3315 |
| EURUSD | GBPUSD has been trading downward and is presently approaching the 1.3430 support level. The MACD indicator, which displays a bearish trend signal with the development of a death cross, suggests that the pair will continue its losses if it falls below the support level 1.3430. | R1 R2 | 1.1375 1.1455 | S1 S2 | 1.1265 1.1200 |
| USDJPY | The USDJPY currency pair continues to move in a sideways pattern. However, MACD signals indicating declining bearish trend imply that the pair should be traded upward towards the resistance level 114.60. | R1 R2 | 114.60 115.85 | S1 S2 | 113.20 112.00 |
| AUDUSD | The AUDUSD currency pair has been trading downward after a recent breach below the prior support level of 0.7260. However, MACD's weakening bearish trend signal suggests that the pair may undergo a brief technical fall back towards the 0.7260 level. | R1 R2 | 0.7260 0.7365 | S1 S2 | 0.7175 0.7105 |
| NZDUSD | NZDUSD has been trading downward and is presently approaching the 0.6980 support level. MACD, which demonstrates a bearish trend signal with the development of a death cross, indicates that the pair will extend its losses after a breach below the support line. | R1 R2 | 0.7075 0.7145 | S1 S2 | 0.6980 0.6910 |
| USDCAD | USDCAD was trading flat at the 1.2625 support level. However, MACD signals indicating weakening bullish trend imply that the pair may trade down after a breach below the support level. | R1 R2 | 1.2765 1.2865 | S1 S2 | 1.2625 1.2505 |
| USDCHF | USDCHF has been trading higher and is presently hitting resistance around 0.9300. MACD indicators that indicate decreasing bearish trend imply that the pair will continue its gains after a breach above the barrier level. | R1 R2 | 0.9300 0.9370 | S1 S2 | 0.9225 0.9145 |
| Crude Oil | Crude oil prices fell after a recent breach below the previously established support level of 76.50. The MACD indicator, which indicates a bearish trend signal, indicates that the commodity will continue its losses towards the support level of 73.40. | R1 R2 | 76.50 80.55 | S1 S2 | 73.40 70.00 |
| XAUUSD | Following a recent retreat from the resistance of 1867.50, gold prices have remained flat in a sideways channel. However, the MACD indicator, which indicates a bearish bias, suggests that the commodity will trade lower in the near future, reaching the support level 1831.50. | R1 R2 | 1867.50 1900.05 | S1 S2 | 1831.50 1805.60 |
| 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.