Technical Analysis (XAUUSD)

The price of gold (27th of October) was around 1902.4 USD/Ounce early today. Under 1-hour-chart technical analysis, as US stocks plummeted yesterday (26th), risk-off sentiment warmed up, driving the gold price rebounding from the bottom. The candlestick is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards, so it is likely to continue rebounding.

Currently, the short-swing upper resistance level lies between 1914.0~1916.0. The current support level lies between 1898.0~1900.0. Investors who wish to go long could consider buying between 1905.0~1907.0 in the short-term and setting the stop loss below 1902.0.

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

Technical Analysis (EURUSD):

The price of EUR/USD (27th of October) was around 1.18068 early today. Under 1-hour-chart technical analysis, it pulled back as predicted yesterday (26th). The candlestick is currently rebounding after the pullback and lying above the middle Bollinger Band. The bands are facing upwards and it is likely to continue rebounding after lying firmly on the middle band.

Currently, the short-swing upper resistance level lies between 1.18600~1.18700. The current support level lies between 1.17800~1.17900. Investors who wish to go long could consider buying between 1.18100~1.18200 in the short-term and setting the stop loss below 1.17950.

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

Technical Analysis (GBPUSD):

The price of GBP/USD (27th of October) was around 1.30147 early today. Under 1-hour-chart technical analysis, it continued to pull back as predicted yesterday (26th). The candlestick is currently rebounding and lying between the middle and upper Bollinger Bands. The bands are facing upwards, so it is likely to rebound.

Currently, the short-swing upper resistance level lies between 1.30700~1.30800. The current support level lies between 1.29800~1.29900.

Investors who wish to go long could consider buying between 1.30250~1.30350 in the short-term and setting the stop loss below 1.30100.

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

Technical Analysis (AUDUSD):

The price of AUD/USD (27th of October) was around 0.71184 early today. Under 1-hour-chart technical analysis, the candlestick continued to fluctuate slightly at the high point yesterday (26th). The candlestick is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards, so it is likely to rebound.

Currently, the short-swing upper resistance level lies between 0.71600~0.71650. The current support level lies between 0.70900~0.70950.

Investors who wish to go long could consider buying between 0.71250~0.71320 in the short-term and setting the stop loss below 0.71150.

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

Technical Analysis (USOUSD):

The price of USO/USD (27th of October) was around 38.29 this morning. Under 1-hour-chart technical analysis, it pulled back as predicted yesterday (26th). The candlestick is currently near the middle Bollinger Band. The bands are facing upwards, so it is likely to rebound.

Currently, the short-swing upper resistance level lies between 39.40~39.50. The current support level lies between 37.80~37.90. Investors who wish to go long could consider buying between 38.35~38.45 in the short-term and setting the stop loss below 38.15.

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

Technical Analysis (Nas100):

The NASDAQ (27th of October) was around 11511.7 this morning. Under 1-hour-chart technical analysis, it plummeted yesterday (26th). Also, the slump became more intensive after dropping below the lower bound of trend channel. The candlestick is currently rebounding from the bottom. It is likely to decline again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 11590.0~11610.0. The current support level lies between 11370.0~11390.0. Investors who wish to sell short could consider selling between 11530.0~11550.0 in the short-term and setting the stop loss above 11590.0.

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

Economic Calendar (27th of October)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.11:00GBPCBI Distributive Trades Survey (Oct)
2.13:30USDDurable Goods Orders (MoM)(Sep)★★
3.16:00USDHouse Price Index (MoM)(Aug)
4.16:00USDS&P/CS HPI Composite – 20 n.s.a. (YoY) (Aug)★★
5.15:00USDCB Consumer Confidence (Oct)★★★
6.15:00USDRichmond Services Index (Oct)

(Importance: maximum three stars ★★★)

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