Technical Analysis (XAUUSD)

The Forex trading technical analysis for the price of gold (14th of October) was around 1892.1 USD/Ounces early today. Under 1-hour-chart technical analysis, it dropped sharply as predicted yesterday (13th). The candlestick is currently slumping and it’s possible to fall to the lower pointtest the swing low. Therefore, it is likely toIt might rebound after touching the bottom. line.

Currently, the short-swing upper resistance level lies between 1910.0~1912.0. The current support level lies between 1874.0~1876.0. Investors who wish to go long could consider buying between 1883.5~1885.5 in the short-term and setting the stop loss below 1880.5.

Forex Trading Market Analysis for Gold
Forex Trading Market Analysis for Gold

Technical Analysis (EURUSD):

The price of EUR/USD (14th of October) was around 1.17436 early today. Under 1-hour-chart technical analysis, it dropped sharply again after rebounding to the resistance level as predicted yesterday (13th). The candlestick is currently fluctuating slightly aroundin the lower point and it is likely to bounce back.

Currently, the short-swing upper resistance level lies between 1.17800~1.17900. The current support level lies between 1.17200~1.17300. Investors who wish to go long could consider buying between 1.17400~1.17500 in the short-term and setting the stop loss below 1.17300.

Forex Trading Technical Analysis for EURUSD
Forex Trading Technical Analysis for EURUSD

Technical Analysis (GBPUSD):

The price of GBP/USD (14th of October) was around 1.29340 early today. Under 1-hour-chart technical analysis, it dropped sharply after dropping below the support level of the middle Bollinger Band as predicted yesterday (13th). The candlestick is currently fluctuating slightly after a pullback tofrom the lower point. It is likely to rebound after touching the bottom line.

Currently, the short-swing upper resistance level lies between 1.29900~1.30000. The current support level lies between 1.29000~1.29100.

Investors who wish to go long could consider buying between 1.29250~1.29350 in the short-term and setting the stop loss below 1.29120.

Forex Trading Technical Analysis for GBPUSD
Forex Trading Technical Analysis for GBPUSD

Technical Analysis (AUDUSD):

The price of AUD/USD (14th of October) was around 0.71575 early today. Under 1-hour-chart technical analysis, it pulled back as predicted yesterday (13th). The candlestick is currently fluctuating near the middle Bollinger Band after rebounding from the bottom. It is likely to bounce back from the middle Bollinger Band.

Currently, the short-swing upper resistance level lies between 0.71900~0.71950. The current support level lies between 0.71400~0.71450.

Investors who wish to go long could consider buying between 0.71650~0.71680 in the short-term and setting the stop loss below 0.71550.

Forex Trading Technical Analysis for AUDUSD
Forex Trading Technical Analysis for AUDUSD

Technical Analysis (USOUSD):

The price of USO/USD (14th of October) was around 40.05 this morning. Under 1-hour-chart technical analysis, it declined as predicted yesterday (13th). The candlestick is currently lying between the middle and lower Bollinger Bands. The bands continue to face downwards and expanding. It is likely to fall again.

Currently, the short-swing upper resistance level lies between 40.50~40.60. The current support level lies between 38.80~38.90. Investors who wish to sell short could consider selling between 39.95~40.05 in the short-term and setting the stop loss above 40.20.

Forex Trading Technical Analysis for US Oil
Forex Trading Technical Analysis for US Oil

Technical Analysis (Nas100):

The NASDAQ (14th of October) was around 12087.4 this morning. Under 1-hour-chart technical analysis, it fluctuated slightly in at the high point yesterday (13th), The candlestick is currently lying firmly above the middle Bollinger Bands. However, the bands are contracting, so it is likely to fail rising rising and would be followed by a reverse.

Currently, the short-swing upper resistance level lies between 12260.0~12290.0. The current support level lies between 12000.0~12030.0. Investors who wish to sell short could consider selling between 12220.0~12240.0 in the short-term and setting the stop loss above 12270.0.

Forex Trading Market Analysis for NASDAQ
Forex Trading Market Analysis for NASDAQ

Economic Calendar (14th of October)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
2.10:00EURIndustrial Production (MoM) (Aug)★★
3.13:30USDPPI (MoM) (Sep)★★★

(Importance: maximum three stars ★★★)

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