Technical Analysis
Date:27.10.2021
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 EURUSD was trading flat as it approached the resistance level of 1.1615, where it is now trading. After breaking over the 1.1615 resistance level, MACD suggests that the pair should be traded higher, based on its reducing bearish trend. | R1 R2 | 1.1615 1.1680 | S1 S2 | 1.1530 1.1455 |
| USDJPY | Following a previous retreat from its high point, the USDJPY was traded lower. Retracement to the support level of 113.20 is predicted by the MACD's weakening bullish trend signal. | R1 R2 | 114.60 115.85 | S1 S2 | 111.20 112.00 |
| AUDUSD | Following a previous bounce from the support level of 0.7485, the AUDUSD moved higher. With a golden cross on the MACD, the pair is expected to continue its rise 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 negative momentum. | R1 R2 | 0.7230 0.7300 | S1 S2 | 0.7155 0.7080 |
| USDCAD | Currency pair USDCAD is now trading flat around resistance at 1.2410. It's possible that the pair might trade as low as 1.2295 in light of MACD's waning bullish trend. | R1 R2 | 1.2410 1.2500 | S1 S2 | 1.2295 1.2200 |
| USDCHF | Following the last retreat from the resistance level of 0.9215, the USDCHF was traded lower. Support level 0.9140 has been identified as a possible target for the pair's losses, according to the MACD indicator. | R1 R2 | 0.9215 0.9295 | S1 S2 | 0.9140 0.9080 |
| Crude Oil | In recent trading, crude oil prices have risen and are presently testing resistance around 84.55. MACD, on the other hand, shows a negative momentum signal, indicating that the commodity may prolong its regression towards the support level 79.35. | R1 R2 | 84.00 88.40 | S1 S2 | 79.35 75.85 |
| XAUUSD | The gold price fell as it approached the support level of 1781.40. A death cross on the MACD indicates a bearish trend signal, which suggests that the pair will continue to fall when it falls below the support line. | R1 R2 | 1812.80 1831.50 | S1 S2 | 1791.40 1748.55 |
| 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.