291021 Session Analysis | Forex Brokers | MT5 & TradingView Platform

Technical Analysis

Date:29.10.2021

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 pound was trading higher against the dollar after breaking over previous barrier of 1.3880. The creation of a golden cross on the MACD indicator, which indicates a bullish trend signal, suggests that the pair will continue its gains towards the resistance level of 1.3880.	R1 R2	1.3880 1.4005	S1 S2	1.3755 1.3650
EURUSD	The EURUSD has been trading higher as of late, and it is presently targeting the resistance level of 1.1680. After breaking over the resistance level of 1.1680, the MACD indicator, which indicates a bullish trend signal, suggests that the pair will continue to gain ground.	R1 R2	1.1680 1.1760	S1 S2	1.1615 1.1535
USDJPY	The USDJPY is trading at the support level of 113.20, where it has been trading downward. When the MACD shows declining bearish trend, it suggests that the pair should be traded higher, approaching the resistance level of 114.60, and vice versa.	R1 R2	114.60 115.85	S1 S2	113.20 112.00
AUDUSD	The Australian dollar rose against the US dollar, which is now probing at the resistance level of 0.7565. However, the MACD indicator, which shows a falling bullish trend signal, suggests that the pair will face a technical drop towards the support level of 0.7485.	R1 R2	0.7565 0.7660	S1 S2	0.7485 0.7410
NZDUSD	The NZDUSD was trading flat in a sideways trend, with the pair now targeting the support level of 0.7155. However, the MACD indicator, which shows a weakening bullish trend signal, suggests that the pair may trade down if it falls below the support level in the near term.	R1 R2	0.7230 0.7300	S1 S2	0.7155 0.7080
USDCAD	The USDCAD has been trading in a sideways trend for the last several days. However, the MACD indicator, which indicates a bearish trend signal, suggests that the pair will trade lower in the near term, targeting the support level of 1.2295, according to the chart.	R1 R2	1.2410 1.2500	S1 S2	1.2295 1.2200
USDCHF	Because to a recent breakthrough below the previous support level of 0.9140, the USDCHF was trading downward. The MACD indicator, which displays a bearish trend signal, suggests that the pair may continue its losses towards the support level of 0.9060 in the near future.	R1 R2	0.9140 0.9215	S1 S2	0.9060 0.8990
Crude Oil	Following a recent comeback from the support level of 81.20, the price of crude oil has been trading upward. The commodity is expected to prolong its comeback towards the resistance level of 84.55, according to the MACD, which shows a decreasing bearish trend signal.	R1 R2	84.55 88.40	S1 S2	81.20 79.10
XAUUSD	The gold price has been trading down after a previous regression from the resistance level 1810.20. The MACD indicator, which indicates a bearish trend signal, suggests that the commodity will continue its retracement towards the support level 1781.40 in the near term.	R1 R2	1810.20 1831.50	S1 S2	1781.40 1748.55
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.