Technical Analysis
Date: 25.08.2022
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 currently trading higher while testing the resistance level. MACD, which showed increasing bullish trend, suggests that the pair will extend its gains if it successfully breaks through the resistance level. | R1 R2 | 1.1820 1.1895 | S1 S2 | 1.1740 1.1660 |
EURUSD | The EURUSD was trading higher after breaking through the previous resistance level. MACD, which showed increasing bullish trend, suggests that the pair will extend its gains. | R1 R2 | 1.0005 1.0075 | S1 S2 | 0.9935 0.9860 |
USDJPY | The USDJPY has been trading lower and is currently testing the support level. The MACD, which showed increasing bearish trend, suggests that the pair will extend its losses if it successfully breaks through the support level. | R1 R2 | 138.35 139.50 | S1 S2 | 136.65 134.90 |
AUDUSD | The AUDUSD was trading higher after breaking out above the previous resistance level. MACD, which showed increasing bullish trend, suggests that the pair will extend its gains. | R1 R2 | 0.7005 0.7090 | S1 S2 | 0.6930 0.6865 |
NZDUSD | NZDUSD was trading higher after previously rebounding from the support level. MACD, which showed increasing bullish trend, suggests that the pair will extend its gains. | R1 R2 | 0.6270 0.6355 | R1 R2 | 0.6170 0.6085 |
USDCAD | USDCAD has been trading lower and is currently testing the support level. If the pair successfully breaks through the support level, the MACD, which shows decreasing bullish trend, suggests that it will extend its losses. | R1 R2 | 1.3050 1.3135 | R1 R2 | 1.2935 1.2825 |
USDCHF | Following a previous retracement from the resistance level, the USDCHF was traded lower. MACD, which showed increasing bearish trend, suggests that the pair's losses will be extended. | R1 R2 | 0.9680 0.9750 | S1 S2 | 0.9595 0.9520 |
Crude Oil | Following the previous breakout of the resistance level, the Crude Oil price was traded higher. However, the MACD, which showed decreasing bullish trend, suggests that the commodity will trade lower as a technical correction. | R1 R2 | 97.90 100.25 | S1 S2 | 94.45 91.50 |
XAUUSD | The Gold price has risen and is currently testing the resistance level. The MACD, which showed increasing bullish trend, suggests that the commodity will extend its gains if it successfully breaks through the resistance level. | R1 R2 | 1756.85 1778.80 | S1 S2 | 1731.55 1712.80 |
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.