Technical Analysis
Date:31.12.2021
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 been trading higher and is presently approaching the 1.3500 resistance level. However, MACD's declining bullish trend suggests that the pair may trade lower in the immediate term as a technical correction. | R1 R2 | 1.3500 1.3630 | S1 S2 | 1.3355 1.3195 |
EURUSD | EURUSD moved down after a previous fall from the 1.1345 barrier level. MACD's growing bearish trend suggests the pair may continue its losses approaching the 1.1235 support level. | R1 R2 | 1.1345 1.1440 | S1 S2 | 1.1235 1.1175 |
USDJPY | The USDJPY strengthened after a recent breach over the previous barrier level at 115.40. MACD's growing bullish trend suggests the pair may continue its advances toward the 115.40 resistance level. | R1 R2 | 115.40 116.80 | S1 S2 | 114.20 112.80 |
AUDUSD | AUDUSD moved higher after a previous breach over the 0.7175 barrier line. However, MACD's declining bullish trend suggests that the pair may trade lower in the immediate term as a technical correction. | R1 R2 | 0.7365 0.7535 | S1 S2 | 0.7175 0.6995 |
NZDUSD | NZDUSD has been trading higher and is presently approaching the 0.6840 resistance mark. However, MACD's declining bullish trend suggests that the pair may trade lower in the immediate term as a technical correction. | R1 R2 | 0.6840 0.6920 | S1 S2 | 0.6710 0.6570 |
USDCAD | USDCAD was traded lower while currently testing the support level at 1.2740. MACD which illustrated increasing bearish trend suggest the pair to extend its losses after it successfully breakout below the support level. | R1 R2 | 1.2840 1.2955 | R1 R2 | 1.2740 1.2620 |
USDCHF | USDCHF has been trading downward and is presently approaching the 0.9135 support level. However, MACD's declining bearish trend suggests that the pair may trade higher in the near term as a technical correction. | R1 R2 | 0.9190 0.9260 | R1 R2 | 0.9140 0.9105 |
Crude Oil | The price of crude oil increased after a recent breach over the previous resistance level at 75.30. However, MACD's developing bearish trend indicates that the commodity will trade lower in the near future as a technical correction. | R1 R2 | 79.00 81.35 | R1 R2 | 75.30 72.70 |
XAUUSD | Gold prices have been trading higher and are presently approaching the 1817.00 resistance level. MACD's growing bullish momentum indicates that the commodity is likely to prolong its gains after a successful breach over the resistance level. | R1 R2 | 1817.00 1830.55 | S1 S2 | 1786.30 1762.20 |
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.