Technical Analysis
Date: 28.03.2022
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 | Following a recent breakthrough below the previous support level, the GBPUSD was traded lower. The growing bearish trend of the MACD suggests that the pair will continue to lose ground. | R1 R2 | 1.3195 1.3285 | S1 S2 | 1.3125 1.3010 |
| EURUSD | Following a recent breakthrough below the previous support level, the EURUSD was traded lower. The growing bearish trend of the MACD suggests that the pair will continue to lose ground. | R1 R2 | 1.0985 1.1135 | S1 S2 | 1.0895 1.0820 |
| USDJPY | USDJPY is now challenging resistance at 122.95, with MACD indicating increased bullish trend, implying that the pair would continue its gains following breakout. | R1 R2 | 122.95 125.55 | S1 S2 | 119.90 116.15 |
| AUDUSD | Following a recent breakout over the previous resistance level, the AUDUSD was traded higher. However, the MACD indicator, which shows growing bearish trend, suggests that the pair will be traded lower as a technical correction. | R1 R2 | 0.7525 0.7595 | S1 S2 | 0.7410 0.7250 |
| NZDUSD | The NZDUSD has been trading higher as it approaches the barrier level. However, the MACD indicator, which shows growing bearish trend, suggests that the pair will be traded lower as a technical correction. | R1 R2 | 0.6965 0.7045 | S1 S2 | 0.6905 0.6800 |
| USDCAD | The USDCAD has been trading lower and is presently testing support. The MACD, which showed growing bearish trend, suggests that the pair would continue to lose following the breakthrough. | R1 R2 | 1.2635 1.2750 | S1 S2 | 1.2485 1.2315 |
| USDCHF | Following a previous comeback from the support level, the USDCHF was traded higher. The declining bearish trend of the MACD suggests that the pair will continue its advances approaching the resistance level. | R1 R2 | 0.9425 0.9580 | S1 S2 | 0.9295 0.9115 |
| Crude Oil | The price of crude oil has been trading downward, and it is presently challenging the support level. The commodity's MACD, which indicated increasing bearish momentum, suggests the commodity will extend its losses following the breakout. | R1 R2 | 114.00 119.85 | S1 S2 | 109.90 105.80 |
| XAUUSD | The gold price has been trading down as it approaches the 1944.55 support level, with MACD indicating increased bearish trend, implying that the commodity would extend its losses after successfully breaking below the support level. | R1 R2 | 1973.00 2005.00 | S1 S2 | 1944.55 1912.60 |
| 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.