Technical Analysis
Date: 24.06.2022
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 is now trading higher while testing the resistance level. The MACD, which showed growing bullish trend, suggests that the pair will continue its advances into the resistance level. | R1 R2 | 1.2295 1.2400 | S1 S2 | 1.2195 1.2085 |
EURUSD | The EURUSD has been trading higher and is presently challenging the resistance level. MACD, which showed falling bearish trend, suggests that the pair will extend its gains after the breakthrough. | R1 R2 | 1.0560 1.0640 | S1 S2 | 1.0470 1.0385 |
USDJPY | The USDJPY has been trading higher and is presently challenging the resistance level. However, the MACD, which showed falling bullish trend, suggests that the pair should be traded down as a technical correction. | R1 R2 | 137.70 140.95 | S1 S2 | 131.40 126.45 |
AUDUSD | The AUDUSD has been trading downward and is presently at the support level. However, MACD, which showed growing bullish trend, suggests that the pair will trade higher as a technical corrective. | R1 R2 | 0.7050 0.7165 | S1 S2 | 0.6865 0.6720 |
NZDUSD | NZDUSD has been trading downward and is presently challenging the support level. However, MACD, which shows fading bearish trend, suggests that the pair will trade higher as a technical correction. | R1 R2 | 0.6535 0.6720 | R1 R2 | 0.6225 0.6070 |
USDCAD | Following a previous retreat from the resistance level, USDCAD was traded lower. MACD, which showed growing bearish trend, suggests that the pair will continue its losses near the support level. | R1 R2 | 1.3005 1.3070 | R1 R2 | 1.2915 1.2865 |
USDCHF | The USDCHF was trading downward after breaking below the last support level. The MACD, which showed falling bullish trend, suggests that the pair will extend its losses near the support level. | R1 R2 | 0.9655 0.9745 | S1 S2 | 0.9560 0.9460 |
Crude Oil | The price of Crude Oil fell after breaking below the last support level. However, MACD, which shows growing bullish trend, suggests that the commodity will trade higher as a technical correction. | R1 R2 | 106.10 111.45 | S1 S2 | 100.70 95.90 |
XAUUSD | The Gold price has fallen and is presently challenging the support level. However, MACD, which showed falling bearish trend, suggests that the commodity will trade higher as a technical correction. | R1 R2 | 1835.15 1844.00 | S1 S2 | 1818.80 1807.95 |
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.