Technical Analysis
Date: 23.03.2022
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 | Following the recent breach of the previous resistance level, the GBPUSD was traded higher. The growing bullish trend of the MACD suggests that the pair will extend its gains. | R1 R2 | 1.3395 1.3510 | S1 S2 | 1.3275 1.3195 |
| EURUSD | Following a previous comeback from the support level, the EURUSD was traded higher. The falling bearish trend of the MACD suggests that the pair will extend its gains. | R1 R2 | 1.1110 1.1230 | S1 S2 | 1.0950 1.0845 |
| USDJPY | Following the previous breach of the previous resistance level, the USDJPY was traded higher. The growing bullish trend of the MACD suggests that the pair will extend its gains. | R1 R2 | 123.25 125.15 | S1 S2 | 120.60 118.20 |
| AUDUSD | The AUDUSD has been trading higher as it approaches the resistance level. If the pair successfully breaks through the resistance level, the MACD, which indicated increased bullish trend, suggests the pair will continue its gains. | R1 R2 | 0.7460 0.7545 | S1 S2 | 0.7365 0.7260 |
| NZDUSD | The NZDUSD has been trading higher as it approaches the resistance level. However, the MACD indicator, which showed a decrease in bullish trend, suggests that the pair will be traded down as a technical correction. | R1 R2 | 0.6980 0.7075 | S1 S2 | 0.6890 0.6800 |
| USDCAD | The USDCAD has been trading lower and is presently testing support. However, the MACD indicator, which shows growing bullish trend, suggests that the pair will be traded higher as a technical correction. | R1 R2 | 1.2665 1.2765 | S1 S2 | 1.2560 1.2475 |
| USDCHF | The USDCHF has been trading higher as it approaches the resistance level. If the pair successfully breaks through the resistance level, the MACD, which indicated increased bullish trend, suggests the pair will continue its gains. | R1 R2 | 0.9335 0.9380 | S1 S2 | 0.9280 0.9230 |
| Crude Oil | Following a previous comeback from the support level, the price of crude oil was traded higher. However, the rising bearish trend of the MACD suggests that the commodity will be traded downward as a technical correction. | R1 R2 | 113.15 116.05 | S1 S2 | 108.10 104.45 |
| XAUUSD | Following the previous breakthrough of the previous support level, the gold price was traded downward. The rising bearish trend of the MACD suggests that the commodity will continue to lose ground. | R1 R2 | 1924.20 1940.95 | S1 S2 | 1904.80 1887.95 |
| 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.