Technical Analysis
Date: 30.08.2022
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 lower after breaking below the previous support level. However, the MACD, which showed decreasing bearish trend, suggests that the pair should be traded higher as a technical correction. | R1 R2 | 1.1740 1.1820 | S1 S2 | 1.1660 1.1595 |
EURUSD | The EURUSD has been trading higher and is currently testing the resistance level. However, the MACD, which showed decreasing bullish trend, suggests that the pair should be traded lower as a technical correction. | R1 R2 | 1.0005 1.0075 | S1 S2 | 0.9935 0.9860 |
USDJPY | The USDJPY has been trading higher and is currently testing the resistance level. However, the MACD, which showed decreasing bullish trend, suggests that the pair should be traded lower as a technical correction. | R1 R2 | 139.00 140.70 | S1 S2 | 137.55 136.50 |
AUDUSD | The AUDUSD has been trading lower and is currently testing the support level. However, the MACD, which showed decreasing bearish trend, suggests that the pair should be traded higher as a technical correction. | R1 R2 | 0.6930 0.7005 | S1 S2 | 0.6865 0.6780 |
NZDUSD | NZDUSD was trading lower after retracing from the resistance level. However, the MACD, which showed decreasing bearish trend, suggests that the pair should be traded higher as a technical correction. | R1 R2 | 0.6170 0.6270 | R1 R2 | 0.6085 0.6005 |
USDCAD | Following a previous retracement from the resistance level, USDCAD was traded lower. The decreasing bullish trend indicated by the MACD suggests that the pair's losses will be extended. | R1 R2 | 1.3050 1.3135 | R1 R2 | 1.2935 1.2825 |
USDCHF | USDCHF was trading lower after a previous breakout below the previous support level. The decreasing bullish trend shown by the MACD suggests that the pair's losses will be extended. | R1 R2 | 0.9680 0.9755 | S1 S2 | 0.9595 0.9520 |
Crude Oil | The price of Crude Oil increased after a previous breakout above the previous resistance level. MACD, which showed increasing bullish trend, suggests that the commodity will extend its gains. | R1 R2 | 97.90 100.25 | S1 S2 | 94.40 91.50 |
XAUUSD | The Gold price has been trading lower and is currently testing the support level. However, MACD, which shows decreasing bearish trend, suggests that the commodity will trade higher as a technical correction. | R1 R2 | 1756.85 1778.80 | S1 S2 | 1731.55 1712.80 |
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.