Technical Analysis
Date: 25.04.2022
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 has been trading downward and is presently approaching the 1.2800 support level. The MACD, which showed growing bearish trend, suggests that the pair would continue to lose following the breakthrough. | R1 R2 | 1.2995 1.3200 | S1 S2 | 1.2800 1.2585 |
EURUSD | The EURUSD has been trading downward and is presently challenging support. The MACD, which showed growing bearish trend, suggests that the pair would continue to lose following the breakthrough. | R1 R2 | 1.0905 1.0975 | S1 S2 | 1.0770 1.0690 |
USDJPY | Following a previous comeback from the support level, the USDJPY was traded higher. However, the MACD indicator, which shows growing bearish trend, suggests that the pair should be traded higher as a technical correction. | R1 R2 | 129.45 132.30 | S1 S2 | 127.65 126.00 |
AUDUSD | Following a recent breakthrough below the previous support level, the AUDUSD was traded lower. The growing bearish trend of the MACD suggests that the pair will continue to lose ground. | R1 R2 | 0.7280 0.7360 | R1 R2 | 0.7135 0.6985 |
NZDUSD | While the NZDUSD is now challenging support, it has been trading downward. The MACD, which showed growing bearish trend, suggests that the pair would continue to lose following the breakthrough. | R1 R2 | 0.6705 0.6820 | R1 R2 | 0.6600 0.6535 |
USDCAD | The USDCAD has been trading higher, close to the resistance level. The growing bullish trend of the MACD suggests that the pair will extend its gains. | R1 R2 | 1.2750 1.2890 | S1 S2 | 1.2635 1.2485 |
USDCHF | The USDCHF has been trading higher as it approaches the resistance level. The growing bullish trend of the MACD suggests that the pair will extend its gains after the breakthrough. | R1 R2 | 0.9580 0.9710 | S1 S2 | 0.9455 0.9230 |
Crude Oil | Following a previous breakthrough below the previous support level, the price of Crude oil was traded downward. The rising bearish trend of the MACD suggests that the commodity will extend its losses near the support level. | R1 R2 | 100.40 102.95 | S1 S2 | 97.85 94.35 |
XAUUSD | The price of Gold has been trading downward, and it is presently challenging the support level. The commodity's MACD, which indicated increasing bearish trend, suggests the commodity will extend its losses following the breakout. | R1 R2 | 1945.05 1963.00 | S1 S2 | 1920.00 1907.50 |
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.