Technical Analysis
Date: 28.09.2022
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 while testing the resistance level. MACD, which showed diminishing bearish trend, suggests that the pair will extend its gains after the breakout. | R1 R2 | 1.0830 1.1065 | S1 S2 | 1.0500 1.0095 |
| EURUSD | The EURUSD was trading lower after breaking below the previous support level. MACD, which showed increasing bearish trend, suggests that the pair's losses will be extended. | R1 R2 | 0.9740 0.9915 | S1 S2 | 0.9460 0.9135 |
| USDJPY | The USDJPY has been trading higher and is currently testing the resistance level. MACD, which showed diminishing bearish trend, suggests that the pair will extend its gains after the breakout. | R1 R2 | 145.35 152.80 | S1 S2 | 140.75 136.55 |
| AUDUSD | The AUDUSD has been trading lower and is currently testing the support level. However, MACD, which shows diminishing bearish trend, suggests that the pair will trade higher as a technical correction. | R1 R2 | 0.6590 0.6735 | S1 S2 | 0.6470 0.6330 |
| NZDUSD | NZDUSD has been trading lower and is currently testing the support level. The MACD, which showed increasing bearish trend, suggests that the pair will extend its losses after the breakout. | R1 R2 | 0.5850 0.6030 | R1 R2 | 0.5630 0.5480 |
| USDCAD | The USDCAD is currently trading higher while testing the resistance level. MACD, which showed increasing bullish trend, suggests that the pair will extend its gains after the breakout. | R1 R2 | 1.3700 1.3930 | R1 R2 | 1.3365 1.3100 |
| USDCHF | The USDCHF has been trading higher and is currently testing the resistance level. MACD, which showed increasing bullish trend, suggests that the pair will extend its gains after the breakout. | R1 R2 | 0.9980 1.0185 | S1 S2 | 0.9855 0.9640 |
| Crude Oil | The price of crude oil has fallen and is currently testing a support level. However, the MACD, which showed diminishing bearish trend, suggests that the commodity will trade higher as a technical correction. | R1 R2 | 81.40 85.30 | S1 S2 | 76.80 72.35 |
| XAUUSD | The gold price has been trading lower and is currently testing the support level. However, MACD, which shows increasing bullish trend, suggests that the commodity will trade higher as a technical correction. | R1 R2 | 1645.20 1658.50 | S1 S2 | 1622.85 1594.80 |
| 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.