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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.