Technical Analysis
Date: 18.05.2022
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 higher after breaking out over the previous barrier level. The MACD, which showed falling bullish trend, suggests that the pair will trade down as a technical correction. | R1 R2 | 1.2590 1.2745 | S1 S2 | 1.2385 1.2200 |
| EURUSD | The EURUSD is now trading at the resistance level. However, the MACD, which showed falling bullish trend, suggests that the pair should be traded down as a technical correction. | R1 R2 | 1.0585 1.0700 | S1 S2 | 1.0485 1.0355 |
| USDJPY | The USDJPY has been trading in a range and is presently challenging the support level. However, the MACD, which showed falling bullish trend, suggests that the pair may prolong its losses after the breakthrough. | R1 R2 | 131.05 132.65 | S1 S2 | 129.10 127.15 |
| AUDUSD | The AUDUSD has been trading higher and is presently challenging the resistance level. MACD, which indicated increased bullish trend, suggests that the pair will extend its afterbreak. | R1 R2 | 0.7055 0.7260 | R1 R2 | 0.6865 0.6720 |
| NZDUSD | NZDUSD was trading higher after previously rebounding from the support level. MACD, which showed growing bullish trend, suggests that the pair will extend its gains. | R1 R2 | 0.6400 0.6550 | R1 R2 | 0.6225 0.6070 |
| USDCAD | USDCAD was trading down after breaking below the last support level. The MACD, which showed falling bearish trend, suggests that the pair will trade upward as a technical correction. | R1 R2 | 1.2890 1.3050 | S1 S2 | 1.2720 1.2485 |
| USDCHF | The USDCHF fell after breaking below the prior support level. However, MACD, which shows fading bearish trend, suggests that the pair will trade higher as a technical correction. | R1 R2 | 0.9970 1.0075 | S1 S2 | 0.9850 0.9730 |
| Crude Oil | The price of Crude oil has fallen and is presently challenging a support level. However, the MACD, which showed falling bearish trend, suggests that the commodity will trade upward as a technical correction. | R1 R2 | 113.05 115.10 | S1 S2 | 110.35 106.65 |
| XAUUSD | The Gold price fell after a previous retreat from the resistance level. The commodity's MACD, which showed falling bullish momentum, suggests that it will extend its losses near the support level. | R1 R2 | 1829.40 1863.25 | S1 S2 | 1789.95 1753.10 |
| 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.