Technical Analysis
Date:23.12.2021
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 challenging the 1.3355 resistance level. MACD's growing bullish trend indicates that the pair will continue its gains after a successful breach over the resistance level. | R1 R2 | 1.3355 1.3505 | S1 S2 | 1.3195 1.3050 |
| EURUSD | The USDJPY has been trading higher and is presently challenging the resistance level at 114.40. The MACD indicator, which indicates growing bullish trend, suggests the pair will extend its gains after a successful breakthrough over the resistance level. | R1 R2 | 114.40 115.40 | S1 S2 | 112.80 112.05 |
| USDJPY | AUDUSD moved higher after a previous breach over the 0.7175 barrier line. MACD's growing bullish trend suggests the pair may continue its advances approaching the 0.7260 resistance level. | R1 R2 | 0.7260 0.7365 | S1 S2 | 0.7175 0.7090 |
| AUDUSD | NZDUSD moved higher after a previous comeback from the 0.6690 support level. MACD's strong bullish trend suggests that the pair will continue its advances toward the 0.6895 resistance level. | R1 R2 | 0.6895 0.7150 | S1 S2 | 0.6690 0.6405 |
| NZDUSD | USDCAD has been trading downward and is presently challenging the 1.2840 support level. MACD's growing bearish trend indicates that the pair will extend its losses after a successful breach below the support level. | R1 R2 | 1.2935 1.3020 | S1 S2 | 1.2840 1.2765 |
| USDCAD | USDCHF has been trading downward and is presently approaching the 0.9190 support level. MACD's growing bearish trend indicates that the pair will extend its losses after a successful breach below the support level. | R1 R2 | 0.9260. 0.9315 | R1 R2 | 0.9190 0.9150 |
| USDCHF | USDCHF has been trading downward and is presently approaching the 0.9190 support level. MACD's growing bearish trend indicates that the pair will extend its losses after a successful breach below the support level. | R1 R2 | 0.9260 0.9315 | 0.9190 0.9150 | |
| Crude Oil | Crude oil prices have been trading higher and are presently targeting the resistance level at 73.10. The MACD indicator, which indicates bullish trend, indicates the commodity will extend its gains after a successful breakthrough over the resistance level. | R1 R2 | 72.10 75.10 | R1 R2 | 69.55 66.50 |
| XAUUSD | Gold prices increased after an earlier bounce from the 1786.30 support level. MACD's strong bullish trend suggests the commodity will continue its advances toward the 1811.50 resistance level. | R1 R2 | 1811.50 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.