Technical Analysis
Date: 26.04.2022
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 | Following a recent breakthrough below the previous support level, the GBPUSD was traded lower. However, the MACD indicator, which showed decreasing bearish trend, suggests that the pair should be traded upward as a technical correction. | R1 R2 | 1.2800 1.2995 | S1 S2 | 1.2610 1.2470 |
| EURUSD | The EURUSD has been trading downward and is presently challenging support. However, the MACD indicator, which showed diminishing bearish trend, suggests that the pair should be traded upward as a technical correction. | R1 R2 | 1.0805 1.0905 | S1 S2 | 1.0690 1.0550 |
| USDJPY | The USDJPY 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 | 129.45 132.30 | S1 S2 | 127.65 126.00 |
| AUDUSD | The AUDUSD currency pair is now trading at a support level. However, the MACD indicator, which showed decreasing bearish trend, suggests that the pair should be traded upward as a technical correction. | 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 losing following the breakout. | R1 R2 | 0.6705 0.6820 | R1 R2 | 0.6605 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 barrier 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 recent breakout over the previous resistance level, the price of Crude oil was traded higher. The rising good trend of the MACD suggests that the commodity will continue its advances approaching the resistance level. | R1 R2 | 100.40 102.95 | S1 S2 | 97.85 95.60 |
| XAUUSD | The price of Gold has been trading downward, and it is presently challenging the support level. However, the declining bearish trend of the MACD suggests that the commodity will be traded upward as a technical correction. | R1 R2 | 1906.80 1920.00 | S1 S2 | 1890.25 1869.00 |
| 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.