Technical Analysis
Date: 25.10.2022
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 | Following a prior retracement from the resistance level, GBPUSD was traded at a lower price. The MACD, which showed declining bullish trend, suggests that the pair will continue to lose ground. | R1 R2 | 1.1370 1.1635 | S1 S2 | 1.1165 1.0940 |
| EURUSD | While currently attempting to overcome the resistance level, EURUSD prices increased. If the pair successfully breaks through the resistance level, the MACD, which showed increasing bullish momentum, suggests that its gains will be extended. | R1 R2 | 0.9905 0.9990 | S1 S2 | 0.9810 0.9730 |
| USDJPY | As a result of a prior recovery from the support level, USDJPY was traded higher. The pair may, however, trade lower as a result of a technical correction, according to MACD, which showed increasing bearish trend. | R1 R2 | 150.25 152.80 | S1 S2 | 147.65 144.80 |
| AUDUSD | Following a previous breakout under the prior support level, the AUDUSD was traded lower. The MACD, which showed declining bullish trend, suggests that the pair will continue to lose ground. | R1 R2 | 0.6370 0.6470 | S1 S2 | 0.6265 0.6175 |
| NZDUSD | NZDUSD was traded higher while currently testing the resistance level. MACD which illustrated decreasing bearish trend suggest the pair to extend its gains if successfully breakout the resistance level. | R1 R2 | 0.5725 0.5805 | R1 R2 | 0.5635 0.5545 |
| USDCAD | As a result of a prior recovery from the support level, USDCAD was traded higher. The MACD indicator's decreasing bearish trend suggests that the pair will continue to gain. | R1 R2 | 1.3820 1.3990 | R1 R2 | 1.3635 1.3455 |
| USDCHF | Following a previous breakout under the previous support level, USDCHF was traded lower. The pair may, however, be traded higher as a result of a technical correction, according to MACD, which showed declining bearish trend. | R1 R2 | 1.0005 1.0105 | S1 S2 | 0.9930 0.9860 |
| Crude Oil | As a result of a prior recovery from the support level, the price of Crude Oil was traded higher. The MACD, which showed a growing bullish trend, suggests that the commodity will continue to gain ground. | R1 R2 | 86.05 89.00 | S1 S2 | 82.45 79.60 |
| XAUUSD | After previously bouncing off the support level, the price of Gold was traded higher. The commodity may continue to gain ground, according to MACD, which showed declining bearish momentum. | R1 R2 | 1633.15 1678.70 | S1 S2 | 1648.45 1635.45 |
| 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.