Technical Analysis
Date: 31.03.2022
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 |
|---|---|---|---|---|---|
| GBPUSD | GBPUSD has been trading downward and is presently challenging support. If the pair successfully breaks through the support level, the MACD, which shows decreasing bullish trend, suggests the pair will extend its losses. | 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. However, the falling bullish trend of the MACD suggests that the pair will be traded lower as a technical correction. | R1 R2 | 1.1230 1.1315 | S1 S2 | 1.1110 1.1025 |
| USDJPY | Following a recent breakthrough below the previous support level, the AUDUSD was traded lower. The growing bearish trend of the MACD suggests that the pair will continue losing ground. | R1 R2 | 122.35 124.05 | S1 S2 | 121.30 118.90 |
| AUDUSD | Following an earlier retreat from the resistance level, the NZDUSD was traded lower. The declining bullish trend of the MACD suggests that the pair will continue losing ground. | R1 R2 | 0.7485 0.7545 | R1 R2 | 0.7420 0.7365 |
| NZDUSD | Following a previous comeback from the support level, the USDCAD was traded higher. The growing bullish trend of the MACD suggests that the pair will extend its gains. | R1 R2 | 0.6980 0.7075 | R1 R2 | 0.6890 0.6800 |
| USDCAD | After a previous comeback from the support level, the USDCAD was traded higher. The rising bullish trend of the MACD suggests that the pair will continue to rise. | R1 R2 | 1.2560 1.2605 | S1 S2 | 1.2475 1.2415 |
| USDCHF | Following a previous comeback from the support level, the USDCHF was traded higher. The falling bearish trend of the MACD suggests that the pair will extend its gains. | R1 R2 | 0.9260 0.9295 | S1 S2 | 0.9230 0.9195 |
| Crude Oil | Following a previous breakthrough below the previous support level, the price of crude oil was traded downward. The rising bearish trend of the MACD suggests that the commodity will continue to lose ground. | R1 R2 | 104.45 108.40 | S1 S2 | 99.60 95.35 |
| XAUUSD | The price of gold has been trading downward, and it is presently challenging the support level. If the commodity successfully breaks through the support level, the MACD, which indicated declining bullish momentum, suggests the commodity would extend its losses. | R1 R2 | 1945.65 1961.55 | S1 S2 | 1918.45 1893.81 |
| 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.