Technical Analysis (XAUUSD)

The Forex Trading Technical Analysis for the price of gold (10th of November) reveals that it was around 1864.0 USD/Ounce early today. Under 1-hour-chart technical analysis, it dropped below 1900 USD yesterday (9th) followed by a sharp fall. The candlestick is currently fluctuating slightly around the low point. It is likely to rebound from the bottom.

Currently, the short-swing upper resistance level lies between 1900.0~1903.0. The current support level lies between 1850.0~1853.0. Investors who wish to go long could consider buying between 1860.5~1863.5 in the short-term and setting the stop loss below 1857.0.

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

Technical Analysis (EURUSD):

The price of EUR/USD (10th of November) was around 1.18168 early today. Under 1-hour-chart technical analysis, as USD rebounded from the bottom yesterday (9th), the euro reversed sharply. The candlestick is currently lying between the middle and lower Bollinger Bands. The bands are facing downwards, so it is likely to go down again after reaching the resistance level.

Currently, the short-swing upper resistance level lies between 1.18700~1.18800. The current support level lies between 1.17600~1.17700.

Investors who wish to sell short could consider selling between 1.18300~1.18400 in the short-term and setting the stop loss above 1.18550.

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

Technical Analysis (GBPUSD):

The price of GBP/USD (10th of November) was around 1.31582 early today. Under 1-hour-chart technical analysis, the candlestick is currently fluctuating slightly in the consolidation zone, lying between the middle and upper Bollinger Bands. The bands are contracting, so it is likely to retrace after touching the resistance level.

Currently, the short-swing upper resistance level lies between 1.32100~1.32200. The current support level lies between 1.31000~1.31100.

Investors who wish to sell short could consider selling between 1.31800~1.31900 in the short-term and setting the stop loss above 1.32050.

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

Technical Analysis (AUDUSD):

The price of AUD/USD (10th of November) was around 0.72695 early today. Under 1-hour-chart technical analysis, the candlestick is currently pulling back from high, lying below the middle Bollinger Band. The bands are contracting, so it is likely to drop again after dipping below the middle band.

Currently, the short-swing upper resistance level lies between 0.73300~0.73350. The current support level lies between 0.72100~0.72150.

Investors who wish to sell short could consider selling between 0.72850~0.72900 in the short-term and setting the stop loss above 0.73050.

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

Technical Analysis (USOUSD):

The price of USO/USD (10th of November) was around 39.68 this morning. Under 1-hour-chart technical analysis, it continued to rebound as predicted yesterday (9th). The candlestick is currently pulling back and lying above the middle Bollinger Band. The bands are continuing facing upwards, so it is likely to rebound again after a pullback.

Currently, the short-swing upper resistance level lies between 41.00~41.10. The current support level lies between 38.00~38.10. Investors who wish to go long could consider buying between 39.60~39.80 in the short-term and setting the stop loss below 39.30.

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

Technical Analysis (Nas100):

The NASDAQ (10th of November) was around 11869.9 this morning. Under 1-hour-chart technical analysis, the candlestick pulled back sharply from high yesterday (9th). It 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 bouncing to the resistance level.

Currently, the short-swing upper resistance level lies between 12100.0~12130.0. The current support level lies between 11600.0~11630.0. Investors who wish to sell short could consider selling between 11830.0至11850.0 in the short-term and setting the stop loss above 11900.0.

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

Economic Calendar (10th of November)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.00:50JPYCurrent Account n.s.a. (Sep)★★
2.02:30CHYCPI (YoY) (Oct)★★
3.07:30EURFrench Unemployment Rate (Q3)
4.08:00GBPUnemployment Change 3M/3M (MoM) (Sep)★★
5.08:00GBPUnemployment Rate (Oct)★★
6.08:00GBPClaimant Count Change (Oct)★★★
7.08:45GBPFrench Industrial Production (MoM) (Sep)
9.11:00EURGerman ZEW Economic Sentiment (Nov)★★★
10.11:00EURZEW Economic Sentiment (Nov)★★
11.12:00USDNFIB Small Business Optimism (Oct)

(Importance: maximum three stars ★★★)

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