Technical Analysis
Date:28.12.2021
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 | The GBPUSD has been trading higher after a recent breach over the previous resistance level at 1.3355. MACD, which indicated decreasing bearish trend, suggests the pair may continue its advances near the 1.3505 resistance level. | R1 R2 | 1.3505 1.3630 | S1 S2 | 1.3355 1.3195 |
| EURUSD | EURUSD has been trading higher and is presently approaching the 1.1345 resistance level. However, MACD's growing bearish trend indicates that the pair may trade lower in the immediate term as a technical correction. | R1 R2 | 1.1345 1.1440 | S1 S2 | 1.1235 1.1175 |
| USDJPY | The USDJPY strengthened after a recent breach over the previous barrier level at 114.20. MACD's growing bullish trend suggests the pair may continue its advances toward the 115.40 resistance level. | R1 R2 | 115.40 116.80 | S1 S2 | 114.20 112.80 |
| AUDUSD | AUDUSD moved higher after a previous breach over the 0.7175 barrier line. MACD's growing bullish trend suggests the pair may continue its advances toward the 0.7365 resistance level. | R1 R2 | 0.7365 0.7535 | S1 S2 | 0.7175 0.6995 |
| NZDUSD | NZDUSD has been trading higher and is presently challenging the 0.6825 resistance level. MACD's bearish trend suggests that the pair will continue its gains after a successful breach above the resistance level. | R1 R2 | 0.6825 0.6920 | S1 S2 | 0.6710 0.6570 |
| USDCAD | USDCAD moved lower after a recent fall below the 1.2840 support level. However, MACD's declining bearish trend suggests that the pair may trade higher in the near term as a technical correction. | R1 R2 | 1.2840 1.2935 | R1 R2 | 1.2765 1.2695 |
| USDCHF | USDCHF moved lower after a previous retreat from the 0.9190 barrier level. MACD, which indicated dwindling bullish trend, suggests the pair may continue its losses into the 0.9150 support level. | R1 R2 | 0.9260 0.9315 | R1 R2 | 0.9150 0.9105 |
| Crude Oil | Crude oil prices have been trading upward and are presently approaching the 75.70 barrier level. However, MACD's decreasing bullish trend suggests that the commodity will trade lower in the immediate term as a technical correction. | R1 R2 | 75.70 79.00 | R1 R2 | 72.65 69.55 |
| XAUUSD | Gold prices have been trading higher and are presently approaching the 1811.50 barrier level. However, MACD's decreasing bullish trend suggests that the commodity will trade down in the near future as a technical correction. | R1 R2 | 1811.50 1830.55 | S1 S2 | 1786.30 1762.20 |
| 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.