Technical Analysis
Date: 28.07.2022
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 higher, testing the resistance level at 1.2175. MACD, which showed bullish bias trend, suggests that the pair will extend its gains after successfully breaking through the resistance level. | R1 R2 | 1.2175 1.2355 | S1 S2 | 1.2035 1.1900 |
| EURUSD | The EURUSD was trading higher after breaking through the previous resistance level. The MACD indicator, which showed increasing bullish trend, suggests that the pair will extend its gains toward the resistance level at 1.0265. | R1 R2 | 1.0265 1.0370 | S1 S2 | 1.0155 1.0075 |
| USDJPY | USDJPY is currently trading lower while testing the support level at 135.25. MACD, which shows bearish bias trend, suggests the pair will extend its losses if it successfully breaks below the support level. | R1 R2 | 136.65 138.00 | S1 S2 | 135.25 133.15 |
| AUDUSD | USDJPY is currently trading lower while testing the support level at 135.25. MACD, which shows bearish bias trend, suggests the pair will extend its losses if it successfully breaks below the support level. | R1 R2 | 0.6985 0.7115 | S1 S2 | 0.6855 0.6725 |
| NZDUSD | NZDUSD was trading higher after breaking above the previous resistance level at 0.6245. The bullish trend indicated by MACD suggests that the pair will extend its gains toward the resistance level at 0.6360. | R1 R2 | 0.6360 0.6430 | R1 R2 | 0.6245 0.6140 |
| USDCAD | USDCAD has been trading lower and is currently testing near the 1.2825 support level. The MACD indicator, which shows a bearish bias trend, suggests that the pair will extend its losses after successfully breaking below the support level. | R1 R2 | 1.2925 1.2985 | R1 R2 | 1.2825 1.2755 |
| USDCHF | USDCHF was trading lower after breaking below the previous support level at 0.9590. MACD, which indicated a bearish bias trend, suggests that the pair will extend its losses toward the 0.9520 support level. | R1 R2 | 0.9590 0.9675 | S1 S2 | 0.9520 0.9450 |
| Crude Oil | The price of Crude Oil has risen and is currently testing the resistance level of 98.20. The commodity's MACD, which showed a bullish bias trend, suggests that it will extend its gains after its candle successfully closes above the resistance level. | R1 R2 | 98.20 100.10 | S1 S2 | 91.80 89.55 |
| XAUUSD | The Gold price rose after breaking above the previous resistance level at 1729.25. The MACD indicator, which showed a bullish bias trend, suggests that the commodity will extend its gains toward the resistance level at 1770.05. | R1 R2 | 1770.05 1783.20 | S1 S2 | 1729.25 1707.90 |
| 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.