Technical Analysis
Date: 27.05.2022
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 breaking out over the previous resistance level. The MACD, which showed growing bullish momentum, suggests that the pair will continue its advances into the resistance level. | R1 R2 | 1.2745 1.2830 | S1 S2 | 1.2620 1.2500 |
| EURUSD | The EURUSD was trading higher after previously rebounding from the support level. The MACD, which showed diminishing bearish trend, suggests that the pair will continue its advances near the resistance level. | R1 R2 | 1.0815 1.0925 | S1 S2 | 1.0660 1.0585 |
| USDJPY | USDJPY has been trading in a range and is now around the resistance level. However, MACD, which shows fading bearish trend, suggests that the pair will trade lower as a technical correction. | R1 R2 | 127.20 129.10 | S1 S2 | 125.30 123.50 |
| AUDUSD | The AUDUSD was trading higher after breaking out over the previous resistance level. MACD, which showed diminishing bearish trend, suggests that the pair will extend its rise. | R1 R2 | 0.7260 0.7345 | R1 R2 | 0.7115 0.6995 |
| NZDUSD | NZDUSD is now trading higher while testing the barrier level. MACD, which showed growing bullish trend, suggests that the pair would continue its gains after breaking through the resistance level. | R1 R2 | 0.6535 0.6720 | R1 R2 | 0.6225 0.6070 |
| USDCAD | Following a previous retreat from the barrier level, USDCAD was traded lower. The MACD, which showed bearish trend, suggests that the pair's losses will be extended. | R1 R2 | 1.2890 1.3050 | S1 S2 | 1.2720 1.2635 |
| USDCHF | The USDCHF has been trading downward and is presently at the support level. The MACD, which showed falling bullish trend, suggests that the pair will continue its losses after the breakthrough. | R1 R2 | 0.9695 0.9850 | S1 S2 | 0.9525 0.9375 |
| Crude Oil | The price of Crude oil has risen and is presently challenging the resistance level. MACD, which showed growing bullish momentum, suggests that the commodity would prolong its gains after breaking above the resistance level. | R1 R2 | 114.90 119.05 | S1 S2 | 110.20 106.55 |
| XAUUSD | Following the previous bounce from the support level, the Gold price was traded higher. However, the MACD, which showed falling bullish momentum, suggests that the pair should be traded down as a technical correction. | R1 R2 | 1868.70 1878.95 | S1 S2 | 1849.90 1836.90 |
| 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.