Technical Analysis
Date: 26.07.2022
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 trading higher after previously rebounding from the 1.2035 support level. The MACD indicator, which showed a bullish bias trend, suggests that the pair will extend its gains toward the resistance level at 1.2175. | R1 R2 | 1.2175 1.2355 | S1 S2 | 1.2035 1.1900 |
EURUSD | The EURUSD was trading higher after previously rebounding from the support level of 1.0155. The MACD indicator, which showed a bullish bias trend, suggests that the pair will extend its gains toward the resistance level at 1.0265. | R1 R2 | 1.0265 1.0370 | S1 S2 | 1.0155 1.0075 |
USDJPY | Following a previous retracement from the resistance level at 136.65, the USDJPY was traded lower. However, MACD, which showed diminishing bearish trend, suggests that the pair will experience a technical correction in the near term. | R1 R2 | 136.65 137.60 | S1 S2 | 135.25 133.15 |
AUDUSD | The AUDUSD is currently trading higher while testing the downward trendline. MACD, which shows bullish bias trend, suggests that the pair will extend its gains after successfully breaking above the trendline. | R1 R2 | 0.6985 0.7115 | S1 S2 | 0.6855 0.6725 |
NZDUSD | NZDUSD was trading higher after breaking above the previous resistance level at 0.6245. The bullish trend indicated by MACD suggests that the pair will extend its gains toward the resistance level at 0.6360. | R1 R2 | 0.6360 0.6430 | R1 R2 | 0.6245 0.6140 |
USDCAD | USDCAD has been trading lower and is currently testing the 1.2835 support level. The MACD indicator, which shows a bearish bias trend, suggests that the pair will extend its losses after successfully breaking below the support level. | R1 R2 | 1.2910 1.2975 | R1 R2 | 1.2835 1.2775 |
USDCHF | The USDCHF is currently trading lower after retesting the upward trendline. However, MACD, which showed diminishing bearish trend, suggests that the pair will experience a technical correction in the near term. | R1 R2 | 0.9675 0.9755 | S1 S2 | 0.9590 0.9520 |
Crude Oil | The price of Crude Oil has risen and is currently testing the resistance level of 98.20. MACD, which showed a bullish bias trend, suggests that the commodity will extend its gains after successfully breaking through the resistance level. | R1 R2 | 98.20 100.10 | S1 S2 | 91.80 89.55 |
XAUUSD | The Gold price is currently testing the resistance level at 1729.25, and the MACD, which shows a bullish bias, suggests that the commodity will extend its gains if it successfully breaks above the resistance level. | R1 R2 | 1729.25 1783.20 | S1 S2 | 1707.90 1678.80 |
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.