Technical Analysis
Date: 30.05.2022
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 | GBPUSD was trading higher after previously rebounding from the 1.2585 support level. MACD, which showed growing bullish trend, suggests that the pair will continue its advances toward the 1.2700 resistance level. | R1 R2 | 1.2700 1.2825 | S1 S2 | 1.2585 1.2425 |
EURUSD | The EURUSD was trading higher after previously rebounding from the support level. MACD, which showed diminishing bearish trend, suggests that the pair will extend its rise. | R1 R2 | 1.0770 1.0660 | S1 S2 | 1.0695 1.0640 |
USDJPY | The USDJPY has been trading downward and is presently challenging the support level. However, the MACD indicator, which showed diminishing bearish trend, suggests that the pair will continue its advances into the resistance level at 128.80. | R1 R2 | 128.80 131.35 | S1 S2 | 126.95 125.05 |
AUDUSD | The AUDUSD was trading higher after breaking over the previous resistance level at 0.7120. However, the MACD indicator, which showed bullish trend, suggests that the pair will continue its gains toward the resistance level of 0.7260. | R1 R2 | 0.7260 0.7345 | R1 R2 | 0.7120 0.7035 |
NZDUSD | NZDUSD was trading higher after breaking over the previous resistance level at 0.6520. The bullish trend shown by MACD suggests that the pair will continue its advances approaching the resistance level at 0.6595. | R1 R2 | 0.6595 0.6715 | R1 R2 | 0.6520 0.6430 |
USDCAD | USDCAD has been trading downward and is presently challenging the 1.2715 support level. However, MACD, which showed declining bearish trend, suggests that the pair will see a technical correction in the near future. | R1 R2 | 1.2775 1.2835 | S1 S2 | 1.2715 1.2660 |
USDCHF | USDCHF was trading down after retracing from the resistance level of 0.9590. MACD, which showed weakening bullish trend, suggests that the pair will extend its losses into the 0.9520 support level. | R1 R2 | 0.9590 0.9665 | S1 S2 | 0.9520 0.9450 |
Crude Oil | The price of Crude oil has risen and is presently testing the resistance level of 116.50. MACD, which showed bullish trend, indicates that the commodity will extend its gains after successfully breaking over the resistance mark at 116.50. | R1 R2 | 116.50 119.00 | S1 S2 | 113.50 110.70 |
XAUUSD | The Gold price rose after previously rebounding from the support level of 1850.00. The commodity's MACD, which showed diminishing bearish trend, suggests that it will extend its advances approaching the resistance level at 1871.65. | R1 R2 | 1871.65 1893.40 | S1 S2 | 1850.00 1830.00 |
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.