Technical Analysis
Date: 28.06.2022
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 is currently trading to a certain extent while testing resistance levels. Showing increasingly bearish trend, MACD suggests that the pair should be traded lower as a technical correction. | R1 R2 | 1.2295 1.2400 | S1 S2 | 1.2195 1.2085 |
EURUSD | EURUSD was currently trading higher while testing resistance levels. The MACD, which shows that the bulls are gaining trend, suggests that this pair will increase gain after the breakout. | R1 R2 | 1.0585 1.0665 | S1 S2 | 1.0470 1.0385 |
USDJPY | USDJPY traded higher after an early rebound from the support level. To show that the bulls are gaining momentum, MACD suggests that the pair needs to increase its gain. | R1 R2 | 136.55 137.70 | S1 S2 | 134.45 131.40 |
AUDUSD | AUDUSD traded lower while currently testing support levels. However, the MACD, which showed a weakening of bearish trend, suggests that the pair should be traded higher as a technical correction. | R1 R2 | 0.7050 0.7165 | S1 S2 | 0.6865 0.6720 |
NZDUSD | NZDUSD traded lower while currently testing support levels. However, the MACD, which showed a weakening of bearish trend, suggests that the pair should be traded higher as a technical correction. | R1 R2 | 0.6535 0.6720 | R1 R2 | 0.6225 0.6070 |
USDCAD | USDCAD traded lower after previous retracements from resistance levels. However, the MACD, which showed a weakening of bearish trend, suggests that the pair should be traded higher as a technical correction. | R1 R2 | 1.2975 1.3050 | R1 R2 | 1.2860 1.2765 |
USDCHF | USDCHF traded lower while currently testing support levels. However, MACD, which has shown gaining bullish trend, suggests that the pair should be traded higher as a technical correction. | R1 R2 | 0.9660 0.9745 | S1 S2 | 0.9560 0.9460 |
Crude Oil | Crude Oil prices have traded high since the last break above the previous resistance level. To show that the bulls are gaining momentum, MACD suggests that the commodity will increase its gain towards the resistance level. | R1 R2 | 111.55 115.65 | S1 S2 | 107.65 103.75 |
XAUUSD | Gold prices have fallen while currently testing support levels. To show that the bears are gaining momentum, MACD suggests that the product will increase losses after a breakout. | R1 R2 | 1833.15 1844.00 | S1 S2 | 1818.80 1807.95 |
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.