Technical Analysis
Date:29.09.2021
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 | GBPUSD moved down after breaking below the last support level of 1.3605. However, MACD signals indicating decreasing bearish trend indicate that the pair may suffer a technical correction in the near future, returning to the resistance level 1.3605. | R1 R2 | 1.3605 1.3745 | S1 S2 | 1.3460 1.3300 |
| EURUSD | EURUSD moved down after breaking below the last support level of 1.1705. However, MACD signals indicating decreasing bearish trend and the beginning of a golden cross indicate that the pair should be traded higher in the near term, returning towards the level 1.1705. | R1 R2 | 1.1705 1.1800 | S1 S2 | 1.1625 1.1545 |
| USDJPY | USDJPY has been trading higher and is now hitting resistance at 111.55. However, MACD signals indicating dwindling bullish trend indicate that the pair may trade down in a technical correction approaching the support level 110.75. | R1 R2 | 111.55 112.15 | S1 S2 | 110.75 110.20 |
| AUDUSD | The AUDUSD has been trading downward and is now challenging the 0.7235 support level. However, MACD signals indicating decreasing bearish trend indicate that the pair should be traded upward towards the resistance level of 0.7335. | R1 R2 | 0.7335 0.7415 | S1 S2 | 0.7235 0.7150 |
| NZDUSD | NZDUSD has been trading downward and is now seeking support around 0.6920. However, MACD signals indicating declining bearish trend indicate that the pair should be traded higher as a technical correction towards the resistance level 0.6990. | R1 R2 | 0.6990 0.7075 | S1 S2 | 0.6920 0.6815 |
| USDCAD | USDCAD is presently trading higher and is testing the resistance level of 1.2695. However, MACD signals indicating decreasing bullish momentum indicate that the pair may suffer a technical drop towards the 1.2585 support level. | R1 R2 | 1.2695 1.2770 | S1 S2 | 1.2585 1.2510 |
| USDCHF | USDCHF has been trading higher and is now hitting resistance around 0.9310. MACD indicators that indicate bullish trend imply that the pair may continue its gains after a breach over the resistance level 0.9310. | R1 R2 | 0.9310 0.9375 | S1 S2 | 0.9240 0.9185 |
| Crude Oil | Crude oil prices fell as a result of a previous breach below the previous support level of 74.65. MACD, which indicates a bearish bias by forming a death cross, suggests that the commodity will continue its regression towards the support level 72.45. | R1 R2 | 74.65 77.00 | S1 S2 | 72.45 70.45 |
| XAUUSD | Gold prices increased after a recent recovery from a low point. The MACD indicator, which indicates dwindling bearish trend, suggests that the commodity may continue its recovery towards the resistance level 1749.95. | R1 R2 | 1749.95 1785.80 | S1 S2 | 1716.85 1679.60 |
| 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.