Technical Analysis (XAUUSD)

The Forex trading technical analysis reveals that the price of gold (30th of October) was around 1866.5 USD/Ounce early today. Under 1-hour-chart technical analysis, it plummeted again yesterday (29th). The candlestick is currently rebounding and fluctuating above the middle Bollinger Band. The bands are contracting, so it is likely to rebound after standing on the middle band.

Currently, the short-swing upper resistance level lies between 1880.0~1882.0. The current support level lies between 1858.0~1860.0. Investors who wish to go long could consider buying between 1871.5~1873.5 in the short-term and setting the stop loss below 1869.0.

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

Technical Analysis (EURUSD):

The price of EUR/USD (30th of October) was around 1.16692 early today. Under 1-hour-chart technical analysis, it continued to fall as predicted yesterday (29th). The candlestick is currently rebounding and lying near the middle Bollinger Band. It is likely to drop again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 1.17200~1.17300. The current support level lies between 1.16400~1.16500. Investors who wish to sell short could consider selling between 1.16900~1.17000 in the short-term and setting the stop loss above 1.17100.

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

Technical Analysis (GBPUSD):

The price of GBP/USD (30th of October) was around 1.29272 early today. Under 1-hour-chart technical analysis, it continued to go down as predicted yesterday (29th). The candlestick is currently rebounding and lying near the middle Bollinger Band. The bands are facing downwards, so it is likely to decline after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 1.29800~1.29900. The current support level lies between 1.28800~1.28900.

Investors who wish to short sell could consider selling between 1.29500~1.29600 in the short-term and setting the stop loss above 1.29700.

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

Technical Analysis (AUDUSD):

The price of AUD/USD (30th of October) was around 0.70276 early today. Under 1-hour-chart technical analysis, it declined after a surge as predicted yesterday (29th). The candlestick is currently rebounding and lying above the middle Bollinger Band. The bands continue to face downwards, so it is likely to decline again after reaching to the resistance level.

Currently, the short-swing upper resistance level lies between 0.70800~0.70850. The current support level lies between 0.70100~0.70150.

Investors who wish to sell short could consider selling between 0.70550~0.70600 in the short-term and setting the stop loss above 0.70750.

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

Technical Analysis (USOUSD):

The price of USO/USD (30th of October) was around 35.81 this morning. Under 1-hour-chart technical analysis, it continued to decline as predicted yesterday (29th). The candlestick is currently rebounding and fluctuating near the middle Bollinger Band. The bands continue to face downwards, so it is likely to decline again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 37.30~37.40. The current support level lies between 34.60~34.70. Investors who wish to sell short could consider selling between 36.30~36.40 in the short-term and setting the stop loss above 36.70.

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

Technical Analysis (Nas100):

The NASDAQ (30th of October) was around 11208.7 this morning. Under 1-hour-chart technical analysis, it continued to decline as predicted yesterday (29th). The candlestick is currently rebounding and fluctuating below the middle Bollinger Bands. The bands continue to face downwards, so it is likely to decline again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 11320.0~11340.0. The current support level lies between 11060.0~11080.0. Investors who wish to sell short could consider selling between 11220.0~11240.0 in the short-term and setting the stop loss above 11280.0.

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

Economic Calendar (30th of October)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.07:30JPYUnemployment Rate (Sep)
2.14:30EURFrench GDP (QoQ) (Q3)★★
3.15:00GBPNationwide HPI (YoY) (Oct)★★
4.15:30CHFRetail Sales (YoY) (Sep)★★
5.15:45EURFrench CPI (MoM) (Oct)★★
6.16:00CHFKOF Leading Indicators (Oct)★★
7.17:00EURGerman GDP (YoY) (Q3)★★
8.18:00EURCPI (YoY) (Oct)★★★
9.18:00EURCPI (MoM) (Oct)★★★
10.18:00EURGDP (QoQ)★★
11.18:00EURUnemployment Rate (Sep)★★
12.20:30USDCore PCE Price Index (YoY) (Sep)★★
13.20:30USDPersonal Spending (MoM) (Sep)★★
14.20:30USDCore PCE Price Index (MoM) (Sep)★★
15.20:30CADGDP (MoM) (Aug)★★★
16.21:45USDChicago PMI (Oct)★★
17.22:00USDMichigan Consumer Sentiment (Oct)★★

(Importance: maximum three stars ★★★)

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