Technical Analysis
Date:26.10.2021
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 | The GBPUSD stayed unchanged while probing the 1.3755 level of support. There are signs of waning bearish trend, though, and the pair is expected to rise around 1.3880. | R1 R2 | 1.3880 1.4005 | S1 S2 | 1.3755 1.3650 |
| EURUSD | The EUR/USD pair has been trading downward after breaking below the prior support level of 1.1615.. earlier today. The MACD's current bearish trend signal suggests that the pair is likely to continue its declines towards the support level of 1.1530. | R1 R2 | 1.1615 1.1680 | S1 S2 | 1.1530 1.1455 |
| USDJPY | US Dollar/Japanese Yen traded higher after a previous bounce from its low point. With a golden cross on the MACD, the pair is expected to continue its comeback towards the resistance level of 114.60. | R1 R2 | 114.60 115.85 | S1 S2 | 111.20 112.00 |
| AUDUSD | As of this writing, the AUDUSD currency pair was trading flat against a support level of 0.7485. The MACD, which shows a decreasing bearish trend signal, suggests, however, that the pair be traded upward towards the resistance level of 0.7565. | R1 R2 | 0.7565 0.7660 | S1 S2 | 0.7485 0.7410 |
| NZDUSD | NZDUSD stayed unchanged as it approached the 0.7155 level of support. It is possible that the pair might be traded higher towards the resistance level of 0.7230 based on the MACD's decreasing bearish trend. | R1 R2 | 0.7230 0.7300 | S1 S2 | 0.7155 0.7080 |
| USDCAD | Prior to this, USDCAD had risen from the support level of 1.2335. The MACD's bullish trend signal suggests that the pair will continue its comeback towards the resistance level of 1.2500. | R1 R2 | 1.2500 1.2620 | S1 S2 | 1.2335 1.2200 |
| USDCHF | As of this writing, the USDCHF has been trading upward against a resistance level of 0.9215. A bullish MACD signal with a golden cross suggests that the pair will continue to climb if it breaks through the barrier level. | R1 R2 | 0.9215 0.9295 | S1 S2 | 0.9140 0.9080 |
| Crude Oil | Following a previous retreat from the resistance level of 84.00, crude oil moved lower. Retracement is expected to continue to 79.35 support level, according to MACD's bearish trend signal with the development of the death cross. | R1 R2 | 84.00 88.40 | S1 S2 | 79.35 75.65 |
| XAUUSD | Since its peak point, the gold price has been trading downward. The commodity's pullback is expected to continue towards the support level of 1791.50, according to the MACD's shrinking bullish momentum signal. | R1 R2 | 1812.80 1831.50 | S1 S2 | 1791.50 1769.10. |
| 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.