Technical Analysis
Date:25.10.2021
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 | Following a previous rebound from the support level of 1.3755, the GBPUSD moved higher. The MACD's decreasing bearish trend signal suggests that the pair will continue its comeback towards the resistance level of 1.3880. | R1 R2 | 1.3880 1.4005 | S1 S2 | 1.3755 1.3650 |
| EURUSD | This time around, the EURUSD was trading higher after a comeback from the 1.1615 level. The MACD's decreasing bearish trend signal suggests that the pair will continue its comeback towards the resistance level of 1.1680.. | R1 R2 | 1.1680 1.1760 | S1 S2 | 1.1615 1.1530 |
| USDJPY | In the wake of an earlier recovery from the support level of 113.20, the USDJPY has seen its value rise. There are signs that bearish trend is waning, and this suggests that the pair will continue its upward movement towards the resistance level of 113.60. | R1 R2 | 114.60 115.85 | S1 S2 | 113.20 112.00 |
| AUDUSD | There was no movement in the AUDUSD as it approached the resistance level of 0.7485. A bearish trend signal from the MACD is suggesting that the pair should be traded higher if it breaks over 0.7485. | R1 R2 | 0.7485 0.7565 | S1 S2 | 0.7410 0.7310 |
| NZDUSD | NZDUSD stayed unchanged as it approached the resistance level of 0.7155. After it breaks through the barrier, the MACD, which shows a decreasing bearish trend signal, suggests that the pair will be traded upward. | R1 R2 | 0.7155 0.7230 | S1 S2 | 0.7080 0.6990 |
| USDCAD | USDCAD was trading lower as it approached the 1.2235 level of support. After the pair falls below the support level of 1.2235, the MACD suggests that the losses will continue. | R1 R2 | 1.2500 1.2620 | S1 S2 | 1.2335 1.2200 |
| USDCHF | USDCAD was trading lower as it approached the 1.2235 level of support. After the pair falls below the support level of 1.2235, the MACD suggests that the losses will continue. | R1 R2 | 0.9215 0.9295 | S1 S2 | 0.9140 0.9080 |
| Crude Oil | Following a breach over the previous support level of 83.80, crude oil moved higher. Bullish MACD signal with golden cross formation suggests commodities to continue gains towards the 88.40 level of resistance | R1 R2 | 88.40 92.65 | S1 S2 | 83.80 79.35 |
| XAUUSD | Following a breach over the previous resistance level of 1793.30, the gold price went up. The MACD, which shows a bullish trend signal, suggests that the commodity will continue to rise towards the 1812.80 resistance level. | R1 R2 | 1812.80 1831.50 | S1 S2 | 1793.30 1769.10 |
| 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.