Technical Analysis (XAUUSD)

The Forex trading technical analysis for the price of gold (11th of November) reveals that it was around 1876.7 USD/Ounce early today. Under 1-hour-chart technical analysis, it rebounded from the bottom as predicted yesterday (10th). The candlestick is currently fluctuating near the middle Bollinger Bands. The bands are contracting, so it is likely decline again after dipping below the middle band.

Currently, the short-swing upper resistance level lies between 1897.0~1900.0. The current support level lies between 1850.0~1853.0. Investors who wish to sell short could consider selling between 1882.5~1885.5 in the short-term and setting the stop loss above 1889.0.

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

Technical Analysis (EURUSD):

The price of EUR/USD (11th of November) was around 1.18187 early today. Under 1-hour-chart technical analysis, it pulled back as predicted yesterday (10th). The candlestick is currently rebounding and 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 1.18700~1.18800. The current support level lies between 1.17900~1.18000. Investors who wish to go long could consider buying between 1.18250~1.18350 in the short-term and setting the stop loss below 1.18100.

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

Technical Analysis (GBPUSD):

The price of GBP/USD (11th of November) was around 1.32687 early today. Under 1-hour-chart technical analysis, it continued to surge yesterday (10th), followed by breaking the swing high. The candlestick is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards, so it is likely to rebound again.

Currently, the short-swing upper resistance level lies between 1.33100~1.33200. The current support level lies between 1.32100~1.32200. Investors who wish to go long could consider buying between 1.32700~1.32800 in the short-term and setting the stop loss below 1.32600.

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

Technical Analysis (AUDUSD):

The price of AUD/USD (11th of November) was around 0.72883 early today. Under 1-hour-chart technical analysis, the candlestick is currently fluctuating slightly at the high point, lying above the middle Bollinger Band. The bands are contracting, so it is likely to decline again after reaching the resistance level.

Currently, the short-swing upper resistance level lies between 0.73300~0.73400. The current support level lies between 0.72100~0.72200. Investors who wish to sell short could consider selling between 0.73000~0.73100 in the short-term and setting the stop loss above 0.73200.

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

Technical Analysis (USOUSD):

The price of USO/USD (11th of November) was around 41.63 this morning. Under 1-hour-chart technical analysis, it continued to surge as predicted yesterday (10th). The candlestick is currently making a small retracement and lying above the middle Bollinger Band. The bands continue to face upwards. It is likely to rebound again after a pullback.

Currently, the short-swing upper resistance level lies between 42.40~42.50. The current support level lies between 39.90~40.00. Investors who wish to go long could consider buying between 41.20~41.30 in the short-term and setting the stop loss below 40.95.

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

Technical Analysis (Nas100):

The NASDAQ (11th of November) was around 11637.8 this morning. Under 1-hour-chart technical analysis, it pulled back as predicted yesterday (10th). The candlestick is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards, so it is likely to continue rising after standing on the middle band.

Currently, the short-swing upper resistance level lies between 11910.0~11930.0. The current support level lies between 11520.0~11540.0. Investors who wish to go long could consider buying between 11670.0~11690.0 in the short-term and setting the stop loss below 11620.0.

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

Economic Calendar (11th of November)

(Source: uk.investing.com)

TimeCurrencyDataImportance
09:00NZDRBNZ Interest Rate Decision★★

(Importance: maximum three stars ★★★)

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