Technical Analysis
Date: 28.01.2022
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 pullback from a previous peak. However, MACD's declining bearish momentum suggests that the pair will trade lower in the immediate term as a technical correction. | R1 R2 | 1.3445 1.3495 | S1 S2 | 1.3355 1.3280 |
| EURUSD | EURUSD moved down after a retracement from a previous peak. However, MACD's declining bearish momentum suggests that the pair may trade higher in the near term as a technical correction. | R1 R2 | 1.1195 1.1275 | S1 S2 | 1.1110 1.1020 |
| USDJPY | The USDJPY has been trading higher and is presently challenging the resistance level at 115.40. The MACD indicator, which indicates growing bullish TREND, suggests the pair will extend its gains after a successful breakthrough over the resistance level. | R1 R2 | 115.40 116.20 | S1 S2 | 114.50 113.35 |
| AUDUSD | The AUDUSD currency pair has been trading downward and is presently challenging the support level. MACD's growing bearish trend indicates that the pair will extend its losses after a successful breach below the support level. | R1 R2 | 0.7115 0.7275 | S1 S2 | 0.7000 0.6865 |
| NZDUSD | NZDUSD moved lower on a retreat from previous highs. MACD's negative signal predicts that the pair will trade lower in the short term. | R1 R2 | 0.6690 0.6830 | S1 S2 | 0.6530 0.6385 |
| USDCAD | USDCAD was trading higher after a previous recovery from lows. The MACD indicator, which indicates bullish trend, indicates that the pair will continue to move higher after breaking over its resistance level. | R1 R2 | 1.2755 1.2825 | S1 S2 | 1.2685 1.2580 |
| USDCHF | USDCHF has been trading higher and is currently testing the 0.9305 resistance level. MACD's bullish signal predicts that the pair will move higher in the immediate term. | R1 R2 | 0.9305 0.9375 | S1 S2 | 0.9215 0.9100 |
| Crude Oil | The price of Crude oil fell after an earlier pullback from a higher level. However, MACD's declining bearish trend suggests that the commodity will trade higher in the near future as a technical correction. | R1 R2 | 88.20 90.90 | S1 S2 | 86.30 84.80 |
| XAUUSD | The Gold price fell after a previous fall underneath the previous support level at 1811.20. However, MACD's declining bearish trend suggests that the commodity will trade higher in the near future as a technical correction. | R1 R2 | 1811.20 1831.70 | S1 S2 | 1785.00 1765.00 |
| 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.