Technical Analysis
Date: 28.02.2022
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 has been trading downward and is presently approaching the 1.3355 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 | 1.3440 1.3500 | S1 S2 | 1.3355 1.3275 |
| EURUSD | EURUSD has been trading downward and is presently trading at the 1.1125 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 | 1.1230 1.1290 | S1 S2 | 1.1125 1.1010 |
| USDJPY | USDJPY has been trading higher and is presently approaching the 115.65 resistance level. However, MACD's declining bullish trend suggests that the pair may trade lower in the immediate term as a technical correction. | R1 R2 | 115.65 116.25 | S1 S2 | 114.60 113.65 |
| AUDUSD | The AUDUSD pair has been trading downward after a recent breach below the previous support level of 0.7205. MACD, which indicated dwindling bullish trend, suggests the pair may continue its losses into the 0.7125 support level. | R1 R2 | 0.7205 0.7270 | S1 S2 | 0.7125 0.7055 |
| NZDUSD | NZDUSD moved lower after a previous retreat from the 0.6715 barrier level. MACD's declining bullish trend suggests the pair may continue its losses near the 0.6535 support level. | R1 R2 | 0.6715 0.6865 | S1 S2 | 0.6535 0.6430 |
| USDCAD | USDCAD has been trading higher and is presently approaching the 1.2800 resistance level. MACD's growing bullish trend indicates that the pair will continue its gains after a successful breach over the resistance level. | R1 R2 | 1.2800 1.2950 | S1 S2 | 1.2655 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 a successful breach over the resistance level. | R1 R2 | 0.9270 0.9345 | S1 S2 | 0.9175 0.9095 |
| Crude Oil | Crude oil prices have been trading downward and are presently trading at the 95.45 support level. However, MACD's declining bearish trend suggests that the commodity will trade higher in the near future as a technical correction. | R1 R2 | 98.05 100.15 | S1 S2 | 95.45 93.05 |
| XAUUSD | Gold prices have been trading down and are presently challenging the support level around 1906.90. MACD indicators indicating increased bullish trend imply the pair will trade higher in the near future as a technical correction. | R1 R2 | 1929.40 1946.30 | S1 S2 | 1906.90 1888.35 |
| 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.