240921 Session Analysis | Forex Brokers | MT5 & TradingView Platform

Technical Analysis

Date:24.09.2021

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.

paza	Description ( H4 Timeframe )	R	Resistance levels	S	Support Levels
GBPUSD	GBPUSD was traded higher while presently probing around the resistance level 1.3765. However, MACD which show decreasing bullish trend signal imply the pair to suffer a trading drop approaching the support level 1.3605.	R1 R2	1.3765 1.3875	S1 S2	1.3605 1.3460
EURUSD	The euro-dollar exchange rate rose on Tuesday, after a previous recovery from the support level of 1.1705. The MACD indicator, which indicates a positive trend signal, suggests that the pair will continue its recovery towards the resistance level of 1.1800.	R1 R2	1.1800 1.1885	S1 S2	1.1705 1.1625
USDJPY	The USDJPY moved higher after a recent breakthrough over the previous resistance level of 110.20 on the USDJPY chart. The MACD, which indicates a positive trend signal that is still present, suggests that the pair will continue its gains towards the resistance level 110.75.	R1 R2	110.75 111.55	S1 S2	110.20 109.60
AUDUSD	The Australian dollar rose against the US dollar, which is presently probing around the resistance level of 0.7335. The MACD indicator, which shows a weakening bullish trend signal, suggests that the pair may suffer a technical correction towards the support level 0.7235 in the near future.	R1 R2	0.7335 0.7415	S1 S2	0.7235 0.7150
NZDUSD	The New Zealand dollar gained ground against the US dollar, which is presently probing around the resistance level of 0.7075. However, the MACD indicator, which shows a weakening bullish trend signal, suggests that the pair may trade down as part of a technical correction towards the support level of 0.6990.	R1 R2	0.7075 0.7145	S1 S2	0.6990 0.6920
USDCAD	Currently, the USDCAD is challenging the resistance level of 1.2685, which has been trading flat for some time. However, the MACD indicator, which shows a decreasing bearish trend signal, suggests that the pair will trade higher after breaking over the resistance level of 1.2685	R1 R2	1.2685 1.2770	S1 S2	1.2585 1.2510
USDCHF	The USDCHF exchange rate has remained steady, and the pair is now challenging the support level of 0. 9240. In contrast, the MACD indicator, which shows a decreasing bearish trend signal, suggests that the pair will trade higher, approaching the resistance level of 0.9310.	R1 R2	0.9310 0.9375	S1 S2	0.9240 0.9185
Crude Oil	Following a recent breakthrough over the prior resistance level of 72.45, the price of crude oil has been trading upward. However, the moving average convergence divergence (MACD) indicator, which shows a decreasing bullish trend signal, suggests that the commodity will be traded down as a short-term technical correction back towards the support level 72.45.	R1 R2	74.30 77.00	S1 S2	72.45 70.45
XAUUSD	The gold price has been trading downward recently, and it is now challenging the support level of 1745.40. After the commodity falls below the support level of 1745.40, the MACD indicator, which indicates a bearish trend signal, suggests that the commodity will continue to lose ground.	R1 R2	1778.55 1806.85	S1 S2	1745.40 1715.60
paza	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.