Technical Analysis
Date: 23.08.2022
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 lower and is currently testing the 1.1800 support level. The MACD indicator, which shows a bearish bias trend, suggests that the pair will extend its losses after successfully breaking below the support level. | R1 R2 | 1.1900 1.2035 | S1 S2 | 1.1800 1.1620 |
EURUSD | EURUSD has been trading lower and is currently testing the 0.9915 support level. The MACD indicator, which shows a bearish bias trend, suggests that the pair will extend its losses after successfully breaking below the support level. | R1 R2 | 1.0000 1.0075 | S1 S2 | 0.9915 0.9815 |
USDJPY | The USDJPY was trading higher after breaking through the previous resistance level at 136.65. The MACD indicator, which showed a bullish bias trend, suggests that the pair will extend its gains toward the next resistance level at 138.00. | R1 R2 | 138.00 139.35 | S1 S2 | 136.65 135.25 |
AUDUSD | The AUDUSD has been trading lower and is currently testing the 0.6860 support level. The MACD indicator, which shows a bearish bias trend, suggests that the pair will extend its losses after successfully breaking below the support level. | R1 R2 | 0.6985 0.7115 | S1 S2 | 0.6860 0.6725 |
NZDUSD | NZDUSD was trading lower after breaking below the previous support level at 0.6245. MACD, which indicated a bearish bias trend, suggests that the pair will extend its losses toward the 0.6140 support level. | R1 R2 | 0.6245 0.6360 | R1 R2 | 0.6140 0.6050 |
USDCAD | The USDCAD is currently trading higher, testing the resistance level at 1.3050. The MACD indicator, which showed a bullish bias trend, suggests that the pair will extend its gains after successfully breaking above the resistance level. | R1 R2 | 1.3050 1.3135 | R1 R2 | 1.2985 1.2925 |
USDCHF | The USDCHF is currently trading higher, testing the resistance level of 0.9590. MACD which illustrated bullish bias trend suggest the pair to extend its gains after it successfully close its candle above the resistance level. | R1 R2 | 0.9590 0.9675 | S1 S2 | 0.9520 0.9450 |
Crude Oil | The price of Crude Oil has risen and is currently testing the downward trendline. MACD, which showed bullish bias trend, indicates that the commodity will extend its gains after successfully breaking above the downward trendline. | R1 R2 | 93.15 98.20 | S1 S2 | 90.35 87.85 |
XAUUSD | The Gold price is currently testing the support level at 1729.25, and the MACD, which shows a bearish bias, suggests that the commodity will extend its losses if it successfully breaks below the support level. | R1 R2 | 1770.05 1783.20 | S1 S2 | 1729.25 1707.90 |
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.