Technical Analysis
Date:22.12.2021
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 moved higher after a previous bounce from the 1.3195 support level. MACD's growing bullish trend suggests that the pair will continue its advances toward the 1.3355 resistance level. | R1 R2 | 1.3355 1.3505 | S1 S2 | 1.3195 1.3050 |
EURUSD | EURUSD moved higher after a previous comeback from the 1.1235 support level. MACD's growing bullish momentum suggests that the pair will continue its advances toward the 1.1345 resistance level. | R1 R2 | 1.1345 1.1440 | S1 S2 | 1.1235 1.1175 |
USDJPY | The USDJPY has been trading higher and is presently challenging the resistance level at 114.40. The MACD indicator, which indicates growing bullish trend, suggests the pair will extend its gains after a successful breakthrough over the resistance level. | R1 R2 | 114.40 115.40 | S1 S2 | 112.80 112.05 |
AUDUSD | The AUDUSD moved higher after a previous comeback from the 0.7090 support level. MACD's growing bullish trend suggests that the pair will continue its advances approaching the 0.7175 resistance level. | R1 R2 | 0.7175 0.7260 | S1 S2 | 0.7090 0.6995 |
NZDUSD | NZDUSD has been trading downward and is presently approaching the 0.6895 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 | 0.6895 0.7150 | S1 S2 | 0.6690 0.6405 |
USDCAD | USDCAD moved down on a retreat from the 1.2935 resistance level. MACD's growing bearish trend indicates that the pair is likely to continue its losses into the 1.2840 support level. | R1 R2 | 1.2935 1.3020 | R1 R2 | 1.2840 1.2765 |
USDCHF | USDCHF moved higher after a previous comeback from the 0.9200 support level. MACD's strong bullish trend suggests the pair may continue its advances toward the 0.2960 resistance level. | R1 R2 | 0.9260 0.9315 | R1 R2 | 0.9200 0.9155 |
Crude Oil | The price of crude oil increased after a recent breach over the previous resistance level at 69.55. MACD's growing bullish trend suggests the commodity may continue its advances toward the 72.65 resistance level. | R1 R2 | 72.65 75.10 | S1 S2 | 69.55 66.50 |
XAUUSD | Gold has been trading downward and is presently challenging the 1787.00 support level. However, MACD's declining bearish trend suggests that the commodity will trade higher in the near future as a technical correction. | R1 R2 | 1811.50 1830.55 | S1 S2 | 1787.00 1762.20 |
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.