Technical Analysis
Date: 26.08.2022
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 is currently trading higher, testing the resistance level at 1.1835. The MACD indicator, which showed diminishing bearish trend, suggests that the pair will extend its gains after successfully breaking above the resistance level. | R1 R2 | 1.1835 1.2035 | S1 S2 | 1.1620 1.1485 |
EURUSD | EURUSD has been trading lower and is currently testing the 0.9915 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 | 1.0000 1.0075 | S1 S2 | 0.9915 0.9815 |
USDJPY | The USDJPY is currently testing the support level at 136.65, and the MACD, which shows diminishing bullish trend, suggests that the pair will extend its losses if it successfully breaks below the support level. | R1 R2 | 138.00 139.35 | S1 S2 | 136.65 135.25 |
AUDUSD | The AUDUSD was trading higher after previously rebounding from a support level at 0.6860. MACD, which showed diminishing bearish bias trend, suggests that the pair will extend its gains toward the resistance level of 0.6985. | R1 R2 | 0.6985 0.7115 | S1 S2 | 0.6860 0.6725 |
NZDUSD | NZDUSD was trading higher after previously rebounding from the support level of 0.6140. MACD, which showed diminishing bearish trend, suggests that the pair will extend its gains toward the 0.6245 resistance level. | R1 R2 | 0.6245 0.6360 | R1 R2 | 0.6140 0.6050 |
USDCAD | USDCAD has been trading lower and is currently testing the 1.2925 support level. The MACD indicator, which showed diminishing bullish trend, suggests that the pair will extend its losses after successfully breaking below the support level. | R1 R2 | 1.2985 1.3050 | R1 R2 | 1.2925 1.2805 |
USDCHF | The USDCHF is currently trading higher, testing the resistance level of 0.9675. MACD, which showed bullish bias trend, suggests that the pair will extend its gains after successfully breaking through the resistance level. | R1 R2 | 0.9675 0.9750 | S1 S2 | 0.9590 0.9520 |
Crude Oil | The price of Crude Oil fell after breaking below the 93.15 support level. The commodity's MACD, which showed a bearish bias trend, suggests that it will extend its losses toward the support level at 90.35. | R1 R2 | 93.15 96.00 | S1 S2 | 90.35 87.85 |
XAUUSD | The Gold price rose after previously rebounding from the support level of 1729.25. The commodity's MACD, which showed diminishing bearish trend, suggests that it will extend its gains toward the resistance level at 1770.05. | R1 R2 | 1770.05 1783.20 | S1 S2 | 1729.25 1707.90 |
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.