Technical Analysis
Date:30.11.2021
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 has remained in a sideways pattern after an earlier bounce from the 1.3305 support level. However, the MACD indicator, which indicates a bullish trend signal, suggests that the pair will prolong its comeback in the near term, maybe approaching the resistance level 1.3430. | R1 R2 | 1.3430 1.3555 | S1 S2 | 1.3305 1.3195 |
EURUSD | EURUSD surged higher after an earlier recovery from the 1.1275 support level. The MACD indicator, which indicates a bullish trend, suggests that the pair should continue its gains into the resistance level 1.1375. | R1 R2 | 1.1375 1.1455 | S1 S2 | 1.1275 1.1170 |
USDJPY | USDJPY moved higher after an earlier recovery from the 113.20 support level. MACD signals indicating diminishing bearish trend point to the pair extending its comeback towards the barrier 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. The MACD indicator, which indicates a positive momentum signal, suggests that the pair will continue its comeback toward the resistance level 0.7190. | R1 R2 | 0.7190 0.7260 | S1 S2 | 0.7105 0.7005 |
NZDUSD | NZDUSD moved higher after an earlier recovery from the 0.6815 support level. The MACD indicator, which indicates a bullish trend signal, suggests that the pair will continue its comeback toward 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, which demonstrates a bearish trend signal with the development of a death cross, suggests that the pair will continue its losses towards the 1.2615 support level. | R1 R2 | 1.2765 1.2865 | R1 R2 | 1.2615 1.2505 |
USDCHF | USDCHF has been trading downward and is presently approaching the 0.9225 support level. MACD indicators, which indicate an ongoing bearish trend signal, indicate that the pair will continue its losses after breaking below the support level. | R1 R2 | 0.9300 0.9360 | R1 R2 | 0.9225 0.9145 |
Crude Oil | Crude oil prices increased after an earlier comeback from the 69.90 support level. MACD signals indicating diminishing bearish trend point to the pair extending its comeback towards the barrier level 73.40. | R1 R2 | 73.40 76.35 | S1 S2 | 69.95 67.65 |
XAUUSD | Gold prices have remained in a sideways trend and are presently challenging the 1778.60 support level. However, MACD signals indicating dwindling bullish trend imply that the commodity may trade down after a breach below the support of 1778.60. | R1 R2 | 1807.80 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.