Technical Analysis
Date: 29.03.2022
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 Levels |
|---|---|---|---|---|---|
| GBPUSD | GBPUSD has been trading downward and is presently challenging support. However, the MACD indicator, which showed decreasing bearish power, suggests that the pair should be traded upward as a technical correction. | R1 R2 | 1.3195 1.3285 | S1 S2 | 1.3090 1.3010 |
| EURUSD | The EURUSD has been trading downward and is presently challenging support. However, the MACD indicator, which shows that bearish trend is fading, suggests that the pair will be traded upward as a technical correction. | R1 R2 | 1.1135 1.1245 | S1 S2 | 1.0985 1.0895 |
| USDJPY | Following a recent breakout over the previous resistance level, the USDJPY was traded higher. The growing bullish trend of the MACD suggests that the pair will extend its gains. | R1 R2 | 125.55 128.20 | S1 S2 | 122.95 119.90 |
| AUDUSD | Following a recent breakout over the previous resistance level, the AUDUSD was traded higher. However, the MACD indicator, which shows growing bearish trend, suggests that the pair will be traded lower as a technical correction. | R1 R2 | 0.7525 0.7595 | S1 S2 | 0.7410 0.7250 |
| NZDUSD | While the NZDUSD is now challenging support, it has been trading downward. However, the MACD indicator, which showed decreasing bearish trend, suggests that the pair should be traded upward as a technical correction. | R1 R2 | 0.6975 0.7045 | S1 S2 | 0.6890 0.6800 |
| USDCAD | The USDCAD has been trading lower and is presently testing support. However, the MACD indicator, which showed decreasing bearish trend, suggests that the pair should be traded upward as a technical correction. | R1 R2 | 1.2635 1.2750 | S1 S2 | 1.2485 1.2315 |
| USDCHF | Following a previous comeback from the support level, the USDCHF was traded higher. The declining bearish trend of the MACD suggests that the pair will continue its advances approaching the resistance level. | R1 R2 | 0.9425 0.9580 | S1 S2 | 0.9295 0.9115 |
| Crude Oil | Following a previous breakthrough below the previous support level, the price of crude oil was traded downward. The rising bearish trend of the MACD suggests that the commodity will continue to lose ground. | R1 R2 | 105.80 109.90 | S1 S2 | 100.70 97.15 |
| XAUUSD | The gold price has been trading down as it approaches the 1912.60 support level, with MACD indicating rising bearish trend, implying that the commodity would extend its losses after successfully breaking below the support level. | R1 R2 | 1944.55 1973.00 | S1 S2 | 1912.60 1881.35 |
| 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.