Technical Analysis
Date:24.11.2021
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.
| Instrument | Description ( H4 Timeframe ) | R | Resistance levels | S | Support Levels |
|---|---|---|---|---|---|
| GBPUSD | GBPUSD has been trading downward as a result of a recent breach below the prior support level of 1.3430. However, MACD signals indicating weakening bearish trend imply that the pair may face a technical pullback back to the 1.3430 level. | R1 R2 | 1.3430 1.3555 | S1 S2 | 1.3315 1.3185 |
| EURUSD | EURUSD traded flat at the 1.1275 barrier mark. However, MACD, which demonstrates a bullish trend signal, suggests that the pair should be traded higher on a break above the level. | R1 R2 | 1.1275 1.1375 | S1 S2 | 1.1170 1.1090 |
| USDJPY | USDJPY was trading flat at the 114.60 support level. However, MACD signals indicating dwindling bullish momentum imply that the pair may trade down as a technical correction after a breach below the support level. | R1 R2 | 115.85 116.95 | S1 S2 | 114.60 113.20 |
| AUDUSD | The AUDUSD has been trading downward and is presently approaching the support level of 0.7175. MACD signals indicating a bearish bias imply that the pair would continue its losses after a breach below the support line. | R1 R2 | 0.7260 0.7365 | S1 S2 | 0.7175 0.7105 |
| NZDUSD | NZDUSD has been trading downward and is presently approaching the 0.6905 support level. The MACD indicator, which shows a persistent bearish trend signal, suggests that the pair would extend its losses after a breach below the support level. | R1 R2 | 0.6980 0.7075 | S1 S2 | 0.6905 0.6815 |
| USDCAD | USDCAD has been trading downward after a significant pullback from its previous high. The MACD indicator, which indicates a bearish trend signal, suggests that the pair will continue its regression towards the support level 1.2625. | R1 R2 | 1.2765 1.2865 | S1 S2 | 1.2625 1.2505 |
| USDCHF | USDCHF moved higher after an earlier recovery from the 0.9300 support level. MACD indicators that indicate bullish trend point to the pair extending its advances approaching the barrier level 0.9370. | R1 R2 | 0.9370 0.9455 | S1 S2 | 0.9300. 0.9225 |
| Crude Oil | The price of crude oil increased after a previous breach over the previous resistance level of 76.50. MACD indicators that indicate bullish trend point to the commodity extending its advances approaching the barrier of 80.55. | R1 R2 | 80.55 84.75 | S1 S2 | 76.50 73.40 |
| XAUUSD | Gold price was traded higher following prior rebound from the support level 1779.00. MACD which illustrate diminishing bearish momentum signal suggest the commodity to extend its rebound towards the resistance level 1805.60. | R1 R2 | 1805.60 1831.50 | S1 S2 | 1779.00 1748.55 |
| 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.