Technical Analysis
Date: 23.06.2022
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 challenging the support level. The MACD, which showed growing bearish trend, suggests that the pair will prolong its losses after the breakthrough. | R1 R2 | 1.2295 1.2400 | S1 S2 | 1.2195 1.2085 |
EURUSD | The EURUSD is now trading at the resistance level. MACD, which showed growing bullish trend, suggests that the pair will extend its gains after the breakthrough. | R1 R2 | 1.0565 1.0640 | S1 S2 | 1.0490 1.0385 |
USDJPY | The USDJPY has been trading higher and is presently challenging the ressitance level. However, the MACD, which showed falling bullish trend, suggests that the pair should be traded down as a technical correction. | R1 R2 | 137.70 140.95 | S1 S2 | 131.40 126.45 |
AUDUSD | The AUDUSD has been trading downward and is presently at the support level. The MACD, which showed growing bearish trend, suggests that the pair will prolong its losses after the breakthrough. | R1 R2 | 0.7050 0.7165 | S1 S2 | 0.6865 0.6720 |
NZDUSD | NZDUSD has been trading downward and is presently challenging the support level. The MACD, which showed growing bearish trend, suggests that the pair will extend its losses after the breakthrough. | R1 R2 | 0.6535 0.6720 | R1 R2 | 0.6225 0.6070 |
USDCAD | The USDCAD is now trading higher while testing the resistance level. MACD, which showed falling bearish trend, suggests that the pair will prolong its gains after the breakthrough. | R1 R2 | 1.2975 1.3050 | R1 R2 | 1.2860 1.2765 |
USDCHF | The USDCHF was trading downward after breaking below the last support level. The MACD, which showed falling bullish trend, suggests that the pair will extend its losses near the support level. | R1 R2 | 0.9655 0.9745 | S1 S2 | 0.9560 0.9455 |
Crude Oil | The price of Crude Oil fell after breaking below the last support level. MACD, which showed growing bearish trend, suggests that the commodity's losses would be extended. | R1 R2 | 105.35 109.25 | S1 S2 | 100.70 95.90 |
XAUUSD | The Gold price has been trading downward and is presently challenging the support level. MACD, which showed growing bearish trend, suggests that the commodity would extend its losses after breaking through the support level. | R1 R2 | 1844.00 1856.90 | S1 S2 | 1835.15 1818.80 |
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.