Technical Analysis
Date:23.11.2021
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 as a result of a recent breach below the prior support level of 1.3430. MACD signals indicating a bearish bias point to the pair extending its losses towards the support level 1.3315. | R1 R2 | 1.3430 1.3555 | S1 S2 | 1.3315 1.3185 |
EURUSD | EURUSD moved down after a recent fall below the 1.1275 support line. MACD signals indicating a bearish bias point to the pair extending its losses towards the support level 1.1170. | R1 R2 | 1.1275 1.1375 | S1 S2 | 1.1170 1.1010 |
USDJPY | The USDJPY strengthened after a recent breach over the previous barrier level of 114.60. The MACD indicator, which displays a bullish trend signal in the shape of a golden cross, suggests that the pair will continue its gains towards the resistance level 115.85. | R1 R2 | 115.85 116.95 | S1 S2 | 114.60 113.20 |
AUDUSD | The AUDUSD currency pair has been trading downward after a recent retreat from the resistance level of 0.7260. The MACD indicator, which indicates a bearish trend signal, suggests that the pair may continue its losses towards the 0.7175 support level. | R1 R2 | 0.7260 0.7365 | S1 S2 | 0.7175 0.7105 |
NZDUSD | NZDUSD has been trading downward and is presently challenging the 0.6910 support level. MACD signals indicating a bearish bias imply that the pair would continue its losses after a breach below the support line. | R1 R2 | 0.6980 0.7075 | S1 S2 | 0.6910 0.681 |
USDCAD | USDCAD moved higher after an earlier recovery from the 1.2625 support level. The MACD indicator, which indicates a bullish trend, suggests that the pair should continue its advances toward the resistance level 1.2765. | R1 R2 | 1.2765 1.2865 | S1 S2 | 1.2625 1.2505 |
USDCHF | USDCHF moved higher after a recent breach above previous resistance level 0.9300. MACD, which indicates a bullish trend by forming a golden cross, suggests that the pair would continue its gains towards the resistance level 0.9370. | R1 R2 | 0.9370 0.9455 | S1 S2 | 0.9300 0.9225 |
Crude Oil | The price of crude oil has been trading upward and is presently targeting the resistance level of 76.50. The MACD indicator, which displays a bullish trend signal in the shape of a golden cross, suggests that the commodity will prolong its comeback toward the resistance level 80.55. | R1 R2 | 76.50 80.55 | S1 S2 | 73.40 70.00 |
XAUUSD | The gold price has been trading downward and is presently targeting the 1805.60 support level. The MACD indicator, which displays a persistent bearish trend signal, suggests that the commodity may continue its losses after a breach below the support level 1805.60. | R1 R2 | 1831.50 1867.50 | S1 S2 | 1805.60 1779.00 |
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.