Technical Analysis
Date: 07.06.2022
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 down after breaking below the last support level. The declining bullish trend indicated by the MACD suggests that the pair's losses will be extended. | R1 R2 | 1.2535 1.2615 | S1 S2 | 1.2430 1.2360 |
| EURUSD | The EURUSD was trading downward after breaking below the last support level. MACD, which showed growing bearish trend, suggests that the pair's losses will be extended. | R1 R2 | 1.0685 1.0770 | S1 S2 | 1.0605 1.0520 |
| USDJPY | Following the last breakout over the previous resistance level, the USDJPY was traded higher. MACD, which showed growing bullish trend, suggests that the pair will extend its gains. | R1 R2 | 133.10 134.25 | S1 S2 | 131.95 130.95 |
| AUDUSD | The AUDUSD has been trading downward and is presently challenging the support level. The MACD, which showed growing bearish trend, suggests that the pair would extend its losses if it successfully breaks through the support level. | R1 R2 | 0.7235 0.7300 | R1 R2 | 0.7155 0.7075 |
| NZDUSD | NZDUSD was trading down after breaking below the previous support level. MACD, which showed growing bearish trend, suggests that the pair's losses will be extended. | R1 R2 | 0.6500 0.6560 | R1 R2 | 0.6425 0.6350 |
| USDCAD | USDCAD was trading down after breaking below the last support level. However, the MACD, which showed diminishing bearish trend, suggests that the pair should be traded upward as a technical correction. | R1 R2 | 1.2635 1.2765 | S1 S2 | 1.2520 1.2415 |
| USDCHF | Following the last breakout over the previous resistance level, the USDCHF was traded higher. MACD, which showed increasing bullish trend, suggests that the pair will extend its gains. | R1 R2 | 0.9740 0.9820 | S1 S2 | 0.9675 0.9595 |
| Crude Oil | The price of Crude oil increased after a previous breakout over the previous resistance level. However, the MACD, which showed declining bullish trend, suggests that the commodity will trade lower as a technical correction. | R1 R2 | 122.00 125.85 | S1 S2 | 119.00 115.95 |
| XAUUSD | The Gold price fell after a previous retreat from the resistance level. However, MACD, which shows diminishing bearish momentum, suggests that the commodity will trade higher as a technical correction. | R1 R2 | 1855.05 1878.85 | S1 S2 | 1833.15 1808.45 |
| 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.