Technical Analysis
Date:27.01.2022
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 Levels |
|---|---|---|---|---|---|
| GBPUSD | GBPUSD moved lower after a previous fall below the 1.3450 support line. MACD's growing bearish trend suggests the pair may continue its losses near the 1.3340 support level. | R1 R2 | 1.3450 1.3595 | S1 S2 | 1.3340 1.3210 |
| EURUSD | EURUSD has been trading downward and is presently targeting the 1.1200 support level. MACD's growing bearish trend indicates that the pair will extend its losses after a successful breach below the support line. | R1 R2 | 1.1380 1.1530 | S1 S2 | 1.1200 1.1105 |
| USDJPY | USDJPY has been trading higher and is presently challenging the 114.95 resistance level. The MACD indicator, which indicated growing bullish momentum, suggests the pair will extend its gains with a successful breakthrough over the resistance level. | R1 R2 | 114.95 116.25 | S1 S2 | 113.65 112.85 |
| AUDUSD | The AUDUSD pair has been trading downward after a recent breach below the previous support level of 0.7090. However, MACD's declining bearish trend suggests that the pair may trade higher in the near term as a technical correction. | R1 R2 | 0.7090 0.7125 | S1 S2 | 0.7040 0.7000 |
| NZDUSD | NZDUSD has been trading downward and is presently approaching the 0.6570 support level. MACD's growing bearish trend indicates that the pair will extend its losses after a successful breach below the support line. | R1 R2 | 0.6710 0.6865 | S1 S2 | 0.6570 0.6405 |
| USDCAD | USDCAD increased in price after a recent breach over the previous resistance level at 1.2625. MACD's growing bullish momentum suggests that the pair will continue its advances toward the 1.2825 resistance level. | R1 R2 | 1.2825 1.2950 | S1 S2 | 1.2625 1.2475 |
| USDCHF | USDCHF has been trading higher and is presently challenging the 0.9270 resistance level. MACD's growing bullish trend indicates that the pair will continue its gains after its successful breach above the barrier line. | R1 R2 | 0.9270 0.9345 | S1 S2 | 0.9170 0.9095 |
| Crude Oil | Crude oil prices have been trading lower and are presently challenging the 86.40 support level. MACD indicators indicating increasing bearish trend imply the commodity may extend its losses after a successful breach below the support level. | R1 R2 | 88.60 91.25 | S1 S2 | 86.40 83.15 |
| XAUUSD | Gold price has been trading down and is presently targeting the 1811.35 support level. MACD indicators indicating increasing bearish trend predict the commodity may extend its losses after a successful breach below the support level. | R1 R2 | 1828.00 1841.35 | S1 S2 | 1811.35 1786.30 |
| 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.