Technical Analysis
Date:26.11.2021
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 Levels |
|---|---|---|---|---|---|
| GBPUSD | GBPUSD has been trading downward and is presently approaching the 1.3305 support level. The MACD indicator, which shows a persistent bearish momentum signal, suggests that the pair would extend its losses after a breach below the support level. | R1 R2 | 1.3430 1.3555 | S1 S2 | 1.3305 1.3195 |
| EURUSD | EURUSD moved higher after its recent recovery from a low point. The MACD indicator, which indicates a bullish trend signal, suggests that the pair will continue its comeback toward the resistance level 1.1275. | R1 R2 | 1.1275 1.1375 | S1 S2 | 1.1170 1.1090 |
| USDJPY | USDJPY has been trading downward and is presently approaching the 114.60 support level. The MACD indicator, which displays a bearish trend signal with the development of a death cross, suggests that the pair will continue its losses if it falls below the support level 114.60. | R1 R2 | 115.85 116.95 | S1 S2 | 114.60 113.20 |
| AUDUSD | The AUDUSD has been trading downward and is presently challenging the support level of 0.7105. The MACD indicator, which indicates a bearish bias, suggests that the pair may continue its losses if it falls below the support of 0.7105. | R1 R2 | 0.7175 0.7260 | S1 S2 | 0.7105 0.7005 |
| NZDUSD | NZDUSD has been trading downward and is presently approaching the 0.6815 support level. MACD, which displays a persistent bearish trend signal, suggests that the pair would extend its losses after a breach below the 0.6815 support level. | R1 R2 | 0.6905 0.6980 | S1 S2 | 0.6815 0.6725 |
| USDCAD | USDCAD moved higher after a previous comeback from the 1.2615 support level. MACD indicators that indicate dwindling bearish trend predict that the pair will continue its advances approaching the resistance level 1.2765. | R1 R2 | 1.2765 1.2865 | S1 S2 | 1.2615 1.2505 |
| USDCHF | USDCHF moved down after a previous retreat from the 0.9360 barrier level. MACD signals indicating bearish trend and the development of a death cross imply the pair will continue its losses towards the support level 0.9300. | R1 R2 | 0.9360 0.9410 | S1 S2 | 0.9300 0.9225 |
| Crude Oil | Crude oil prices have been trading downward and are presently challenging the 76.35 support level. MACD signals indicating a bearish bias and the development of a death cross imply that the pair will extend its losses after a breach below the support level. | R1 R2 | 79.15 81.40 | S1 S2 | 76.30 73.40 |
| XAUUSD | The gold price has been stuck in a sideways channel. However, MACD signals indicating bullish trend and the development of a golden cross predict that the commodity will trade higher in the near future, reaching the resistance level 1807.85. | R1 R2 | 1807.85 1831.50 | S1 S2 | 1778.60 1748.55 |
| Instrument | Description ( H4 Timeframe ) | R | Resistance levels | S | Support Levels |
⊗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.