Technical Analysis
Date: 30.03.2022
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 falling bearish trend of the MACD suggests that the pair should be traded upward as a technical correction. | R1 R2 | 1.3195 1.3275 | S1 S2 | 1.3090 1.3010 |
EURUSD | Following a recent breakout over the previous resistance level, the EURUSD was traded higher. The growing bullish trend of the MACD suggests that the pair will extend its gains. | R1 R2 | 1.1230 1.1315 | S1 S2 | 1.1110 1.1025 |
USDJPY | The USDJPY has been trading downward and is presently challenging support. If the pair successfully breaks through the support level, the MACD, which shows declining bullish trend, suggests the pair will extend its losses. | R1 R2 | 122.35 124.05 | S1 S2 | 121.30 118.90 |
AUDUSD | Following a previous comeback from the support level, the AUDUSD was traded higher. The falling bearish trend of the MACD suggests that the pair will extend its gains. | R1 R2 | 0.7545 0.7595 | S1 S2 | 0.7485 0.7420 |
NZDUSD | Following a previous bounce from the support level, the NZDUSD was traded higher. The growing bullish trend of the MACD suggests that the pair will extend its gains. | R1 R2 | 0.6980 0.7075 | S1 S2 | 0.6890 0.6800 |
USDCAD | The USDCAD has been trading lower and is presently testing support. If the pair successfully breaks through the support level, the MACD, which shows declining bullish trend, suggests the pair will prolong its losses. | R1 R2 | 1.2560 1.2605 | S1 S2 | 1.2475 1.2415 |
USDCHF | Following a recent breakthrough below the previous support level, the USDCHF was traded lower. The growing bearish trend of the MACD suggests that the pair will continue to lose ground. | R1 R2 | 0.9295 0.9335 | S1 S2 | 0.9260 0.9230 |
Crude Oil | The price of crude oil has been trading downward, and it is currently challenging the support level. However, the falling bearish trend of the MACD suggests that the commodity will be traded upward as a technical correction. | R1 R2 | 108.40 113.35 | S1 S2 | 104.45 99.60 |
XAUUSD | Following a recent breakout over the previous resistance level, the gold price has been trading higher. The decreasing bearish trend of the MACD suggests that the commodity will extend its gains. | R1 R2 | 1945.65 1961.55 | S1 S2 | 1918.45 1893.81 |
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.