Technical Analysis
Date:04.10.2021
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 following recent retracement from the resistance level 1.3605. MACD which illustrate diminishing bullish trend signal suggest the pair to extend its retracement from the resistance level 1.3605. | R1 R2 | 1.3605 1.3745 | S1 S2 | 1.3435 1.3300 |
| EURUSD | EURUSD has been trading flat and is now attempting to break through resistance around 1.1600. However, MACD, which displays a bullish trend signal in the shape of a golden cross, suggests that the pair will extend its gains after a break above the resistance level. | R1 R2 | 1.1600 1.1690 | S1 S2 | 1.1515 1.1440 |
| USDJPY | USDJPY has been trading downward and is now seeking support around 110.75. However, MACD signals indicating dwindling bearish trend indicate that the pair should be traded higher as a technical correction towards the resistance level 111.50. | R1 R2 | 111.50 112.15 | S1 S2 | 110.75 110.05 |
| AUDUSD | The AUDUSD pair has been trading higher after a recent breakthrough over the previous resistance level of 0.7235. The MACD indicator, which indicates a bullish trend, suggests that the pair will continue its advances towards the resistance level of 0.7335. | R1 R2 | 0.7335 0.7415 | S1 S2 | 0.7235 0.7150 |
| NZDUSD | NZDUSD moved higher after a recent breakthrough over resistance mark 0.6915. MACD indicators that indicate bullish trend point to the pair extending its advances approaching the barrier of 0.6990. | R1 R2 | 0.6990 0.7075 | S1 S2 | 0.6915 0.6815 |
| USDCAD | USDCAD has been trading downward and is now challenging the 1.2585 support level. The MACD indicator, which indicates a bearish trend signal, suggests that the pair would continue its losses after a breach below the support level. | R1 R2 | 1.2695 1.2770 | S1 S2 | 1.2585 1.2510 |
| USDCHF | USDCHF has been trading downward as a result of a recent breach below the prior support level of 0.9310. The MACD indicator, which displays a bearish trend signal, indicates that the pair will continue its losses towards the support level 0.9240. | R1 R2 | 0.9310 0.9375 | S1 S2 | 0.9240 0.9185 |
| Crude Oil | Crude oil has been trading higher and is now hitting resistance around 76.40. MACD signals indicating a bullish trend with the development of a golden cross indicate that the commodity will continue its gains after breaking over the resistance level. | R1 R2 | 76.40 78.75 | S1 S2 | 74.20 72.45 |
| XAUUSD | Gold price increased after a recent recovery from the support level 1747.05. MACD signals indicating a bullish trend indicate the commodity may continue its gains toward the resistance level 1779.70. | R1 R2 | 1779.70 1806.85 | S1 S2 | 1747.05 1721.65 |
| 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.