Technical Analysis
Date: 24.02.2022
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 lower and is currently testing the 1.3500 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 | 1.3615 1.3730 | S1 S2 | 1.3500 1.3440 |
EURUSD | EURUSD has been trading downward and is presently targeting the 1.1230 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 | 1.1290 1.1380 | S1 S2 | 1.1230 1.1125 |
USDJPY | USDJPY has been trading down and is presently at the 114.30 support level. MACD's growing bearish trend suggests the pair will extend its losses after a successful breakthrough below the support level. | R1 R2 | 115.40 116.25 | S1 S2 | 114.30 113.65 |
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 0.7055 |
NZDUSD | NZDUSD has been trading downward and is presently approaching the 0.6715 support level. The MACD indicator, which indicated dwindling bullish trend, suggests that the pair may extend its losses after a successful breach below the support level. | R1 R2 | 0.6865 0.7050 | S1 S2 | 0.6715 0.6535 |
USDCAD | USDCAD has been trading higher and is presently approaching the 1.2780 resistance level. MACD's growing bullish trend indicates that the pair will continue its gains after a successful breach over the resistance level. | R1 R2 | 1.2780 1.2950 | S1 S2 | 1.2655 1.2475 |
USDCHF | USDCHF has been trading downward and is presently approaching the 0.9175 support level. MACD's growing bearish trend indicates that the pair will extend its losses after a successful breach below the support line. | R1 R2 | 0.9270 0.9345 | S1 S2 | 0.9175 0.9095 |
Crude Oil | The price of crude oil increased after a recent breach over the previous resistance level at 95.90. MACD's strong bullish trend suggests the commodity will continue its advances toward the 98.05. resistance level. | R1 R2 | 98.05 100.15 | S1 S2 | 93.05 88.50 |
XAUUSD | Gold prices have been trading higher as they approach the resistance level at 1946.30. The MACD indicator, which indicated growing bullish trend, suggests the commodity will extend its gains with a successful breakthrough over the resistance level. | R1 R2 | 1946.03 1971.50 | S1 S2 | 1912.35 1870.15 |
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.