Technical Analysis
Date:28.09.2021
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 recovery from its low point, the GBPUSD exchange rate has been trading upward. By displaying a bullish bias signal on the MACD, this suggests that the pair will continue to rise and eventually reach the resistance level of 1.3765. | R1 R2 | 1.3765 1.3875 | S1 S2 | 1.3605 1.3460 |
| EURUSD | The EURUSD exchange rate fell after it had previously broken through a support barrier at 1.1705. Indicators such as MACD, which provide a bearish trend signal, indicate the pair will continue to fall if it falls below the last support level of 1.1705. | R1 R2 | 1.1705 1.1800 | S1 S2 | 1.1625 1.1545 |
| USDJPY | The USDJPY exchange rate increased after it had previously broken through previous barrier at 110.75. Bullish trend is shown by the MACD indicator, which suggests the pair's gains will be extended towards resistance at 111.55. | R1 R2 | 111.55 112.15 | S1 S2 | 110.75 110.20 |
| AUDUSD | As a result of breaking above the prior resistance level of 110.75, the USD/JPY exchange rate has risen. The MACD indicator indicates a bullish trend, which implies that the pair's gains will be extended towards the resistance level of 111.55 in the near future. | R1 R2 | 0.7335 0.7415 | S1 S2 | 0.7235 0.7150 |
| NZDUSD | The NZDUSD gained ground against the US dollar after a previous recovery from the support level of 0.6990. This is supported by the MACD, which shows a decreasing bearish trend signal, which suggests that the pair will continue its recovery towards the resistance level of 0.7075. | R1 R2 | 0.7075 0.7145 | S1 S2 | 0.6990 0.6920 |
| USDCAD | USDCAD has been trading downward and is now challenging the 1.2585 support level. The MACD indicator, which shows a persistent bearish trend signal, suggests that the pair would extend its losses after a breach below the support level. | R1 R2 | 1.2685 1.2770 | S1 S2 | 1.2585 1.2510 |
| USDCHF | USDCHF moved higher after a previous recovery from the 0.9240 support level. The MACD indicator, which indicates a bullish trend signal, suggests that the pair will continue its recovery toward the resistance level 0.9310. | R1 R2 | 0.9310 0.9375 | S1 S2 | 0.9240 0.9185 |
| Crude Oil | The price of crude oil increased after a recent breach over the prior resistance level of 74.30. The MACD indicator, which indicates a persistent bullish trend signal, suggests that the commodity will continue its gains toward the barrier of 77.00. | R1 R2 | 77.00 78.75 | S1 S2 | 74.30 72.45 |
| XAUUSD | The price of crude oil increased after a recent breach over the prior resistance level of 74.30. The MACD indicator, which indicates a persistent bullish trend signal, suggests that the commodity will continue its gains toward the barrier of 77.00. | R1 R2 | 1785.80 1806.85 | S1 S2 | 1753.05 1725.50 |
| 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.