Technical Analysis
Date: 24.03.2022
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 | Following the previous breakthrough of the previous support level, the GBPUSD was traded lower. The MACD, which showed growing bearish trend, suggests the pair will continue to lose ground. | R1 R2 | 1.3195 1.3275 | S1 S2 | 1.3090 1.3010 |
| EURUSD | Following a previous retreat from the resistance level, the EURUSD was traded lower. However, the falling bearish trend of the MACD suggests that the pair should be traded upward as a technical correction. | R1 R2 | 1.1110 1.1230 | S1 S2 | 1.0950 1.0845 |
| USDJPY | Following the previous breach of the previous resistance level, the USDJPY was traded higher. The growing bullish trend of the MACD suggests that the pair will extend its gains. | R1 R2 | 123.25 125.15 | S1 S2 | 120.60 118.20 |
| AUDUSD | Following the recent breach of the previous resistance level, the AUDUSD was traded higher. The growing bullish trend of the MACD suggests that the pair will extend its gains. | R1 R2 | 0.7545 0.7660 | S1 S2 | 0.7460 0.7365 |
| NZDUSD | The NZDUSD has been trading higher as it approaches the resistance level. However, the MACD indicator, which showed a decrease in bullish trend, suggests that the pair will be traded down as a technical correction. | R1 R2 | 0.6980 0.7075 | S1 S2 | 0.6890 0.6800 |
| USDCAD | The USDCAD has been trading lower and is presently testing support. If the pair successfully breaks through the support level, the MACD, which shows declining bullish trend, suggests the pair will extend its losses. | R1 R2 | 1.2665 1.2765 | S1 S2 | 1.2560 1.2475 |
| USDCHF | Following the recent breakthrough of the previous support level, the USDCHF was traded lower. However, the falling bearish trend of the MACD suggests that the pair should be traded upward as a technical correction. | R1 R2 | 0.9335 0.9380 | S1 S2 | 0.9280 0.9230 |
| Crude Oil | The price of crude oil has been trading upward, and it is presently challenging the resistance level. However, the falling bullish trend of the MACD suggests that the commodity will be traded lower as a technical correction. | R1 R2 | 116.05 118.90 | S1 S2 | 113.15 108.10 |
| XAUUSD | The price of gold has been trading downward, and it is presently challenging the support level. If the commodity successfully breaks through the support level, the MACD, which indicated declining bullish trend, suggests the commodity would extend its losses. | R1 R2 | 1961.55 1980.75 | S1 S2 | 1940.95 1924.20 |
| 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.