Technical Analysis
Date: 26.05.2022
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 | GBPUSD 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 | 1.2615 1.2710 | S1 S2 | 1.2535 1.2430 |
EURUSD | The EURUSD was trading higher after breaking over the previous resistance level. MACD, which showed diminishing bearish trend, suggests that the pair will extend its advances. | R1 R2 | 1.0770 1.0850 | S1 S2 | 1.0685 1.0605 |
USDJPY | USDJPY was traded higher following prior breakout above the previous resistance level. MACD which illustrated decreasing bearish trend suggest the pair to extend its gains. | R1 R2 | 128.00 129.05 | S1 S2 | 127.20 126.25 |
AUDUSD | The AUDUSD has been trading downward and is presently challenging the support level. However, the MACD, which showed diminishing bearish trend, suggests that the pair should be traded upward as a technical correction. | R1 R2 | 0.7155 0.7235 | R1 R2 | 0.7075 0.6995 |
NZDUSD | NZDUSD was trading lower after retracing from the barrier level. MACD, which showed growing bearish trend, suggests that the pair's losses will be extended. | R1 R2 | 0.6500 0.6580 | R1 R2 | 0.6425 0.6350 |
USDCAD | Following a previous retreat from the resistance level, USDCAD was traded lower. The declining bullish momentum indicated by the MACD suggests that the pair's losses will be extended. | R1 R2 | 1.2875 1.2970 | S1 S2 | 1.2765 1.2635 |
USDCHF | The USDCHF has been trading downward and is presently challenging the support level. If the pair successfully breaks through the support level, the MACD, which shows declining bullish trend, suggests that it will continue its losses. | R1 R2 | 0.9675 0.9740 | S1 S2 | 0.9595 0.9520 |
Crude Oil | The price of Crude oil increased after a previous breakout over the previous resistance level. MACD, which showed decreasing bearish trend, suggests that the commodity will extend its rise. | R1 R2 | 113.10 115.95 | S1 S2 | 110.65 107.50 |
XAUUSD | The Gold price fell after a previous retreat from the resistance level. The rising bearish trend in the MACD suggests that the commodity's losses will be extended. | R1 R2 | 1855.05 1878.85 | S1 S2 | 1833.15 1808.45 |
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.