Technical Analysis (XAUUSD)

The Forex trading technical analysis for the price of gold (15th of October) reveals that it was around 1902.0 USD/Ounces early today. Under 1-hour-chart technical analysis, it rebounded after falling deep as predicted yesterday (14th). The candlestick is currently lying below the middle Bollinger Band. The bands are facing downwards, so it is likely to decline again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 1905.0~1908.0. The current support level lies between 1882.0~1885.0. Investors who wish to sell short could consider selling between 1895.0~1897.5 in the short-term and setting the stop loss above 1900.5.

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

Technical Analysis (EURUSD):

The price of EUR/USD (15th of October) was around 1.17470 early today. Under 1-hour-chart technical analysis, it rebounded sharply as predicted yesterday (14th). The candlestick is currently lying below the middle Bollinger Band. The bands are facing downwards, so it is likely to drop again after failing to bounce back.

Currently, the short-swing upper resistance level lies between 1.17600~1.17700. The current support level lies between 1.17200~1.17300. Investors who wish to sell short could consider selling between 1.17450~1.17550 in the short-term and setting the stop loss above 1.17650.

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

Technical Analysis (GBPUSD):

The price of GBP/USD (15th of October) was around 1.30095 early today. Under 1-hour-chart technical analysis, it skyrocketed after touching the bottom as predicted yesterday (14th). The candlestick is currently pulling back from high and fluctuating near the middle Bollinger Band. It is likely to continue falling after dropping below the middle band.

Currently, the short-swing upper resistance level lies between 1.30400~1.30500. The current support level lies between 1.29600~1.29700.

Investors who wish to sell short could consider selling between 1.30150~1.30200 in the short-term and setting the stop loss above 1.30300.

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

Technical Analysis (AUDUSD):

The price of AUD/USD (15th of October) was around 0.71652 early today. Under 1-hour-chart technical analysis, it rebounded slightly as predicted yesterday (14th). The candlestick is currently lying between the middle and lower Bollinger Bands. The bands are facing downwards and expanding, so it is likely to decline again after failing to rebound.

Currently, the short-swing upper resistance level lies between 0.71600~0.71650. The current support level lies between 0.70950~0.71000.

Investors who wish to sell short could consider selling between 0.71350~0.71400 in the short-term and setting the stop loss above 0.71480.

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

Technical Analysis (USOUSD):

The price of USO/USD (15th of October) was around 40.98 this morning. Under 1-hour-chart technical analysis, it rebounded sharply after pulling back to the bottom line yesterday (14th). The candlestick is currently retracing slightly after touching the resistance level. The Bollinger Bands are facing upwards, so it is likely to rebound again after a pullback.

Currently, the short-swing upper resistance level lies between 41.50~41.60. The current support level lies between 40.40~40.50. Investors who wish to go long could consider buying between 40.80~40.90 in the short-term and setting the stop loss below 40.70.

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

Technical Analysis (Nas100):

The NASDAQ (15th of October) was around 11960.0 this morning. Under 1-hour-chart technical analysis, it plummeted after fluctuating at the high point as predicted yesterday (14th). The candlestick is currently lying between the middle and lower Bollinger Bands and showing a bearish sign, so it is likely to continue falling.

Currently, the short-swing upper resistance level lies between 12020.0~12040.0. The current support level lies between 11680.0~11700.0. Investors who wish to sell short could consider selling between 11900.0~11930.0 in the short-term and setting the stop loss above 11960.0.

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

Economic Calendar (15th of October)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.01:30AUDEmployment Change (Sep)★★★
2.02:30CHYCPI (MoM) (Sep)★★
3.07:45EURFrench CPI (MoM) (Sep)★★
4.13:30USDInitial Jobless Claims★★★
5.13:30USDNY Empire State Manufacturing Index (Oct)★★
6.13:30USDPhiladelphia Fed Manufacturing Index (Oct)★★★
7.13:30USDImport Price Index (MoM) (Sep)★★
8.15:30USDNatural Gas Storage
9.16:00USDEIA Refinery Crude Runs (WoW)

(Importance: maximum three stars ★★★)

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