Technical Analysis
Date:24.01.2022
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 | GBPUSD has been trading downward after a recent breach below the previous support level of 1.3595. However, MACD's declining bearish trend suggests that the pair may trade higher in the near term as a technical correction. | R1 R2 | 1.3595 1.3715 | S1 S2 | 1.3450 1.3340 |
| EURUSD | EURUSD moved down after a previous fall below the 1.1380 support line. MACD's growing bearish trend suggests the pair may continue its losses approaching the 1.1235 support line. | R1 R2 | 1.1380 1.1530 | S1 S2 | 1.1235 1.1105 |
| USDJPY | USDJPY has been trading downward and is presently approaching the 113.65 support level. However, MACD's declining bearish trend suggests that the pair may trade higher in the near term as a technical correction. | R1 R2 | 114.95 116.25 | S1 S2 | 113.65 112.85 |
| AUDUSD | The AUDUSD pair has been trading downward after a recent breach below the previous support level of 0.7205. MACD's growing bearish trend suggests the pair may continue its losses near the 0.7125 support level. | R1 R2 | 0.7205 0.7270 | S1 S2 | 0.7125 0.7090 |
| NZDUSD | NZDUSD has been trading downward and is presently approaching the 0.6710 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 | 0.6865 0.6960 | S1 S2 | 0.6710 0.6570 |
| USDCAD | USDCAD moved higher after an earlier recovery from the 1.2475 support level. MACD's growing bullish trend suggests that the pair will continue its advances approaching the 1.2625 resistance level. | R1 R2 | 1.2625 1.2825 | S1 S2 | 1.2475 1.2330 |
| USDCHF | USDCHF has been trading downward and is presently approaching the 0.9095 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 | 0.9175 0.9270 | S1 S2 | 0.9095 0.9035 |
| Crude Oil | Crude oil prices increased after an earlier comeback from the 83.15 support level. The MACD indicator, which indicated lessening bearish trend, suggests the commodity may continue its advances into the 86.60 resistance level. | R1 R2 | 86.60 88.60 | S1 S2 | 83.15 79.70 |
| XAUUSD | The price of crude oil increased after a previous comeback from the 83.15 support level. MACD's declining bearish trend suggests that the commodity will continue its advances approaching the 86.60 resistance level. | R1 R2 | 1846.45 1856.00 | S1 S2 | 1828.00 1811.35 |
| 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.