Technical Analysis
Date: 22.06.2022
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 has been trading downward and is presently challenging the support level. MACD, which indicated increasing bearish trend, suggests that the pair will continue its losses following the breakthrough. | R1 R2 | 1.2320 1.2400 | S1 S2 | 1.2240 1.2140 |
| EURUSD | Following a previous retreat from the barrier level, the EURUSD fell lower. MACD, which showed growing bearish trend, suggests that the pair's losses will be extended. | R1 R2 | 1.0560 1.0640 | S1 S2 | 1.0470 1.0385 |
| USDJPY | The USDJPY has been trading higher and is presently challenging the ressitance level. MACD, which showed growing bullish trend, suggests that the pair will extend its gains after the breakthrough. | R1 R2 | 137.70 140.95 | S1 S2 | 1331.40 126.45 |
| AUDUSD | The AUDUSD has been trading downward and is presently at the support level. The MACD, which showed growing bearish trend, suggests that the pair will extend its losses after the breakthrough. | R1 R2 | 0.7050 0.7165 | S1 S2 | 0.6865 0.6720 |
| NZDUSD | NZDUSD has been trading downward and is presently challenging the support level. The MACD, which showed growing bearish trend, suggests that the pair will extend its losses after the breakthrough. | R1 R2 | 0.6535 0.6720 | R1 R2 | 0.6225 0.6070 |
| USDCAD | The USDCAD is now trading higher while testing the ressitance level. MACD, which showed falling bearish trend, suggests that the pair will extend its gains after the breakthrough. | R1 R2 | 1.2975 1.3050 | R1 R2 | 1.2860 1.2765 |
| USDCHF | The USDCHF is now challenging the support level. However, MACD, which showed growing bullish momentum, suggests that the pair will trade higher as a technical correction. | R1 R2 | 0.9745 0.9825 | S1 S2 | 0.9655 0.9560 |
| Crude Oil | The price of Crude Oil has fallen and is presently challenging a support level. MACD, which indicated increasing bearish trend, suggests that the commodity will extend its losses following the breakout. | R1 R2 | 109.25 112.05 | S1 S2 | 105.35 100.70 |
| XAUUSD | The Gold price fell after a previous breakthrough below the previous support level. The rising bearish trend in the MACD suggests that the commodity's losses will be extended. | R1 R2 | 1833.15 1844.00 | S1 S2 | 1818.80 1807.95 |
| 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.