Technical Analysis
Date: 29.04.2022
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 | Following a recent breakthrough below the previous support level, the GBPUSD was traded lower. The growing bearish trend of the MACD suggests that the pair will continue losing ground. | R1 R2 | 1.2625 1.2935 | S1 S2 | 1.2245 1.2010 |
EURUSD | The EURUSD has been trading downward and is presently challenging support. However, the MACD indicator, which showed decreasing bearish trend, suggests that the pair should be traded upward as a technical correction. | R1 R2 | 1.0635 1.0775 | S1 S2 | 1.0485 1.0315 |
USDJPY | Following a recent breakout over the previous resistance level, the USDJPY was traded higher. However, the MACD indicator, which shows that bullish trend is fading, suggests that the pair will be traded down as a technical correction. | R1 R2 | 132.30 124.75 | S1 S2 | 129.45 127.65 |
AUDUSD | Following a recent breakthrough below the previous support level, the AUDUSD was traded lower. The growing bearish trend of the MACD suggests that the pair will continue to lose ground. | R1 R2 | 0.7260 0.7510 | R1 R2 | 0.7020 0.6720 |
NZDUSD | Following a recent breakthrough below the previous support level, the NZDUSD was traded lower. However, the MACD indicator, which showed decreasing bearish trend, suggests that the pair should be traded upward as a technical correction. | R1 R2 | 0.6550 0.6720 | R1 R2 | 0.6400 0.6260 |
USDCAD | Following a recent breakout over the previous resistance level, the USDCAD was traded higher. The growing bullish trend of the MACD suggests that the pair will continue its advances approaching the resistance level. | R1 R2 | 1.2890 1.2960 | S1 S2 | 1.2750 1.2635 |
USDCHF | The USDCHF has been trading higher as it approaches the resistance level. The growing bullish trend of the MACD suggests that the pair will extend its gains after the breakthrough. | R1 R2 | 0.9715 0.9825 | S1 S2 | 0.9575 0.9455 |
Crude Oil | The price of crude oil has been trading upward, and it is presently challenging the resistance level. However, the declining bullish trend of the MACD suggests that the commodity will be traded lower as a technical correction. | R1 R2 | 105.50 107.70 | S1 S2 | 102.95 100.40 |
XAUUSD | Following a previous comeback from the support level, the gold price was traded higher. The rising bullish trend of the MACD suggests that the commodity's gains will be extended. | R1 R2 | 1920.00 1945.05 | S1 S2 | 1883.95 1850.60 |
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.