Technical Analysis
Date:30.09.2021
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 was traded lower while presently challenging the support level 1.3435. However, MACD which show diminishing bearish trend signal imply the pair to experience a trading correction approaching the resistance level 1.3605. | R1 R2 | 1.3605 1.3745 | S1 S2 | 1.3460 1.3300 |
| EURUSD | GBPUSD was traded lower while presently challenging the support level 1.3435. However, MACD which show diminishing negative trend signal imply the pair to experience a trading correction approaching the resistance level 1.3605. | R1 R2 | 1.1690 1.1800 | S1 S2 | 1.1590 1.1515 |
| USDJPY | USDJPY has been trading higher and is now testing resistance around 112.15. However, MACD signals indicating dwindling bullish trand indicate the pair is due for a technical drop towards the support level 111.50. | R1 R2 | 112.15 112.60 | S1 S2 | 111.50 110.75 |
| AUDUSD | The AUDUSD moved higher after a previous recovery from a low point. MACD indicators that indicate dwindling bearish trend imply that the pair may continue its recovery towards the resistance level 0.7235. | R1 R2 | 0.7235 0.7335 | S1 S2 | 0.7150 0.7075 |
| NZDUSD | NZDUSD moved higher after a previous recovery from a low point. MACD indicators that indicate dwindling bearish trend imply that the pair may continue its recovery towards the barrier level 0.6915. | R1 R2 | 0.6915 0.6990 | S1 S2 | 0.6815 0.6725 |
| USDCAD | USDCAD moved lower after a previous pullback from the 1.2770 barrier level. MACD indicators that indicate dwindling bullish trend imply that the pair may continue its decline towards the support level 1.2695. | R1 R2 | 1.2770 1.2870 | S1 S2 | 1.2695 1.2585 |
| USDCHF | USDCHF moved down after a pullback from its previous high. MACD indicators that indicate dwindling bullish trend imply that the pair may continue its pullback towards the support level 0.9310. | R1 R2 | 0.9375 0.9430 | S1 S2 | 0.9310 0.9240 |
| Crude Oil | Crude oil prices have been trading down and are now testing around the 74.20 support level. MACD indicators indicating bearish trend indicate the commodity may continue its losses if it breaks below the support level. | R1 R2 | 76.40 78.75 | S1 S2 | 74.20 72.45 |
| XAUUSD | Gold prices increased after a previous recovery from the 1716.85 support level. The MACD indicator, which indicates dwindling bearish trend, suggests that the commodity may continue its recovery towards the resistance level 1749.95. | R1 R2 | 1749.95 1785.80 | S1 S2 | 1716.85. 1679.60 |
| 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.