Technical Analysis
Date:15.11.2021
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 currency pair has been trading higher and is presently challenging the resistance level of 1.3435. MACD, which demonstrates bullish trend by forming a golden cross, suggests that the pair will continue its gains after breaking over the barrier level. | R1 R2 | 1.3435 1.3545 | S1 S2 | 1.3300 1.3160 |
| EURUSD | EURUSD went higher after an earlier recovery from the 1.1455 support level. The MACD indicator, which displays a bullish trend signal in the shape of a golden cross, suggests that the pair will continue its gains towards the resistance level 1.5335. | R1 R2 | 1.5335 1.1615 | S1 S2 | 1.1455 1.1365 |
| USDJPY | The USDJPY currency pair continues to trade in a sideways pattern. MACD indicators that indicate bearish trend and the development of a death cross imply that the pair should be traded down towards the support level 113.20. | R1 R2 | 114.60 115.85 | S1 S2 | 113.20 112.00 |
| AUDUSD | The AUDUSD moved higher after a previous comeback from the 0.7320 support level. MACD, which indicates a bullish bias by forming a golden cross, suggests that the pair will prolong its comeback towards the resistance level 0.7385. | R1 R2 | 0.7385 0.7455 | S1 S2 | 0.7320 0.7220 |
| NZDUSD | NZDUSD moved higher after a previous recovery from a low point. MACD signals indicating a bullish bias with the creation of a golden cross indicate that the pair will prolong its comeback towards the resistance level 0.7075. | R1 R2 | 0.7075 0.7145 | S1 S2 | 0.6980 0.6910 |
| USDCAD | USDCAD has been trading downward and is presently approaching the 1.2515 support level. MACD, which displays a bearish trend signal with the development of a death cross, indicates that the pair will extend its losses after a breach below the support level. | R1 R2 | 1.2620 1.2765 | S1 S2 | 1.2515 1.2410 |
| USDCHF | USDCHF moved down after a previous retreat from the 0.9225 barrier level. MACD, which indicates a bearish bias by forming a death cross, suggests that the pair will prolong its regression towards the support level 0.9145. | R1 R2 | 0.9225 0.9295 | S1 S2 | 0.9145 0.9085 |
| Crude Oil | Crude oil prices have been trading lower and are presently challenging the 78.80 support level. MACD signals indicating persistent bearish trend imply that the commodity may extend its losses if it falls below the support level. | R1 R2 | 81.10 84.75 | S1 S2 | 78.80 75.85 |
| XAUUSD | The gold price fell after a previous retreat from the barrier of 1867.50. MACD signals indicating persistent bearish trend point to the commodity extending its losses towards the support level 1831.50. | R1 R2 | 1867.50 1898.40 | S1 S2 | 1831.50 1805.60 |
| 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.