Technical Analysis
Date:25.11.2021
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 moved higher after an earlier recovery from the 1.3315 support level. MACD signals indicating diminishing bearish trend point to the pair extending its comeback approaching the resistance level 1.3430. | R1 R2 | 1.3430 1.3550 | S1 S2 | 1.3315 1.3195 |
| EURUSD | EURUSD went higher after an earlier recovery from the 1.3315 support level. MACD signals indicating diminishing bearish trend point to the pair extending its comeback approaching the resistance level 1.3430. | R1 R2 | 1.3430 1.3555 | S1 S2 | 1.3315 1.3195 |
| USDJPY | The USDJPY strengthened after a recent breach over the prior barrier level of 114.60. However, MACD's weakening bullish trend signal suggests that the pair may face a technical correction in the near future, perhaps towards the 114.60 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. However, MACD signals indicating fading bearish trend and the development of a golden cross imply that the pair may see a technical correction in the near future, perhaps approaching the resistance level 0.7260. | R1 R2 | 0.7260 0.7365 | S1 S2 | 0.7175 0.7105 |
| NZDUSD | NZDUSD moved down after a recent fall below the 0.6905 support level. However, MACD's shrinking bearish trend signal indicates that the pair may undergo a technical correction in the near future, returning to the level 0.6905. | R1 R2 | 0.6905 0.6980 | S1 S2 | 0.6815 0.6725 |
| USDCAD | USDCAD has been trading downward and is presently challenging the 1.2615 support level. The MACD indicator, which indicates a bearish trend signal, suggests that the pair would continue its losses after a breach below the support level. | R1 R2 | 1.2765 1.2865 | S1 S2 | 1.2615 1.2505 |
| USDCHF | USDCHF moved down after a previous retreat from the 0.9360 barrier level. MACD indicators that indicate dwindling bullish trend predict that the pair may prolong its pullback towards support at 0.9300. | R1 R2 | 0.9360 0.9410 | S1 S2 | 0.9300 0.9225 |
| Crude Oil | Crude oil prices have been trading flat and are presently testing resistance around 79.15. However, MACD signals indicating a waning bullish trend imply that the commodity should be traded down towards the support level 76.30. | R1 R2 | 79.15 81.40 | S1 S2 | 76.30 73.40 |
| XAUUSD | Gold price increased after an earlier recovery from the support level 1778.60. MACD signals indicating declining bearish trend and the creation of a golden cross predict the commodity will prolong its comeback toward the resistance level 1807.85. | R1 R2 | 1807.85 1831.50 | S1 S2 | 1778.60 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.