Technical Analysis
Date:29.11.2021
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 higher after an earlier recovery from the 1.3305 support level. The MACD indicator, which indicates a bullish momentum signal, suggests that the pair will continue its comeback toward the resistance level 1.3430. | R1 R2 | 1.3430 1.3555 | S1 S2 | 1.3305 1.3195 |
| EURUSD | EURUSD has been trading downward and is presently targeting the 1.1275 support level. MACD signals indicating declining bullish trend imply that the pair will prolong its retracement after breaking below the support line. | R1 R2 | 1.1375 1.1455 | S1 S2 | 1.1275 1.1170 |
| USDJPY | The USDJPY strengthened after an earlier recovery from the 113.20 support level. The MACD indicator, which indicates diminishing bearish trend, suggests that the pair will prolong its comeback towards the resistance level 114.60. | R1 R2 | 114.60 115.85 | S1 S2 | 113.20 112.00 |
| AUDUSD | The AUDUSD moved higher after a previous comeback from the 0.7105 support level. MACD indicators that indicate dwindling bearish momentum predict that the pair may prolong its comeback towards the resistance level 0.7190. | R1 R2 | 0.7190 0.7260 | S1 S2 | 0.7105 0.7005 |
| NZDUSD | NZDUSD has been trading flat and is presently challenging the 0.6815 support level. However, MACD, which displays a bullish trend signal in the shape of a golden cross, suggests that the pair will prolong its comeback into the resistance level 0.6905. | R1 R2 | 0.6905 0.6980 | S1 S2 | 0.6815 0.6725 |
| USDCAD | USDCAD moved down after a previous retreat from the 1.2765 barrier level. MACD indicators that indicate decreasing bullish trend predict that the pair may prolong its decline towards the support level 1.2615. | R1 R2 | 1.2765 1.2865 | R1 R2 | 1.2615 1.2505 |
| USDCHF | USDCHF moved higher after an earlier recovery from the 0.9225 support level. MACD signals indicating dwindling bearish trend imply the pair may prolong its comeback towards the resistance level 0.9300. | R1 R2 | 0.9300 0.9360 | R1 R2 | 0.9225 0.9145 |
| Crude Oil | The price of crude oil increased after a previous breach over the previous resistance level of 69.95. The MACD indicator, which indicates a falling bearish trend signal, indicates that the commodity will prolong its comeback approaching the resistance level 73.40. | R1 R2 | 73.40 76.35 | S1 S2 | 69.95 67.65 |
| XAUUSD | The gold price has been stuck in a sideways channel. However, MACD signals indicating dwindling bullish momentum imply that the pair may prolong its losses towards the support of 1778.60. | R1 R2 | 1807.85 1831.50 | S1 S2 | 1778.60 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.