Technical Analysis
Date: 26.09.2022
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 lower after breaking below the previous support level. MACD, which showed increasing bearish trend, suggests that the pair's losses will be extended. | R1 R2 | 1.0655 1.0895 | S1 S2 | 1.0400 1.0170 |
| EURUSD | EURUSD was traded lower while currently testing the support level. However, MACD which illustrated decreasing bearish trend suggest the pair to be traded higher as technical correction | R1 R2 | 0.9730 0.9810 | S1 S2 | 0.9650 0.9565 |
| USDJPY | The USDJPY has been trading higher and is currently testing the resistance level. MACD, which showed increasing bullish trend, suggests that the pair will extend its gains if it successfully breaks through the resistance level. | R1 R2 | 144.05 145.60 | S1 S2 | 142.35 140.70 |
| AUDUSD | AUDUSD was traded lower following prior breakout below the previous support level. However, MACD which illustrated decreasing bearish trend suggest the pair to be traded higher as technical correction. | R1 R2 | 0.6555 0.6650 | S1 S2 | 0.6470 0.6370 |
| NZDUSD | NZDUSD was traded lower following prior breakout below the support level. However, MACD which illustrated decreasing bearish trend suggest the pair to be traded lower as technical correction. | R1 R2 | 0.5770 0.5850 | R1 R2 | 0.5680 0.5615 |
| USDCAD | USDCAD was traded higher while currently testing the resistance level. MACD which illustrated increasing bullish trend suggest the pair to extend its gains if successfullt breakout the resistance level. | R1 R2 | 1.3635 1.3820 | R1 R2 | 1.3455 1.3320 |
| USDCHF | USDCHF was traded higher following prior breakout above the previous resistance level. However, MACD which illustrated decreasing bullish trend suggest the pair to be traded lower as technical correction. | R1 R2 | 0.9900 1.0020 | S1 S2 | 0.9785 0.9715 |
| Crude Oil | Crude Oil price was traded lower while currently testing the support level. MACD which illustrated decreasing bullish trend suggest the commodity to extend its losses if successfully breakout the support level. | R1 R2 | 79.50 81.20 | S1 S2 | 78.20 76.30 |
| XAUUSD | The Gold price fell after a previous breakout below the previous support level. The rising bearish trend in the MACD suggests that the commodity's losses will be extended. | R1 R2 | 1641.55 1661.60 | S1 S2 | 1621.85 1600.30 |
| 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.