Technical Analysis (XAUUSD)

The Forex trading technical analysis for the price of gold (13th of November) reveals that it was around 1876.6 USD/Ounce early today. Under 1-hour-chart technical analysis, it fluctuated slightly at the low point after pulling back yesterday (12th). The candlestick is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards, so it is likely to rebound again after a pullback.

Currently, the short-swing upper resistance level lies between 1892.0~1895.0. The current support level lies between 1857.0~1860.0. Investors who wish to go long could consider buying between 1878.0~1880.5 in the short-term and setting the stop loss below 1876.0.

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

Technical Analysis (EURUSD):

The price of EUR/USD (13th of November) was around 1.18066 early today. Under 1-hour-chart technical analysis, it rebounded slightly yesterday (12th). The candlestick is currently fluctuating near the middle Bollinger Band. The bands are contracting, so it is likely to decline again after dipping below the middle band.

Currently, the short-swing upper resistance level lies between 1.18400~1.18500. The current support level lies between 1.17400~1.17500. Investors who wish to sell short could consider selling between 1.18000~1.18100 in the short-term and setting the stop loss above 1.18250.

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

Technical Analysis (GBPUSD):

The price of GBP/USD (13th of November) was around 1.31165 early today. Under 1-hour-chart technical analysis, it dropped sharply as predicted yesterday (12th). The candlestick is currently lying between the middle and lower Bollinger Bands. The bands currently keep facing downwards and expanding, so it is likely to decline again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 1.31600~1.31700. The current support level lies between 1.30500~1.30600. Investors who wish to sell short could consider selling between 1.31150~1.31250 in the short-term and setting the stop loss above 1.31450.

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

Technical Analysis (AUDUSD):

The price of AUD/USD (13th of November) was around 0.72285 early today. Under 1-hour-chart technical analysis, it fell sharply after dropping below the support level as predicted yesterday (12th). The candlestick is currently lying between the middle and lower Bollinger Bands. The bands continue facing downwards and expanding, so it is likely to continue dropping.

Currently, the short-swing upper resistance level lies between 0.72500~0.72600. The current support level lies between 0.71900~0.72000. Investors who wish to sell short could consider selling between 0.72300~0.72380 in the short-term and setting the stop loss above 0.72480.

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

Technical Analysis (USOUSD):

The price of USO/USD (13th of November) was around 40.76 this morning. Under 1-hour-chart technical analysis, it pulled back again after a surge as predicted yesterday (12th). The candlestick is currently lying between the middle and lower Bollinger Bands. The bands are facing downwards and expanding, so it is likely to fall again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 41.30~41.40. The current support level lies between 39.10~39.20. Investors who wish to sell short could consider selling between 40.35~40.55 in the short-term and setting the stop loss above 40.90.

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

Technical Analysis (Nas100):

The NASDAQ (13th of November) was around 11867.1 this morning. Under 1-hour-chart technical analysis, it rebounded as predicted yesterday (12th). The candlestick is currently lying between the middle and lower Bollinger Bands. The bands are facing downwards, so it is likely to continue falling.

Currently, the short-swing upper resistance level lies between 12080.0~12100.0. The current support level lies between 11600.0~11620.0. Investors who wish to sell short could consider selling between 11820.0~11840.0 in the short-term and setting the stop loss above 11880.0.

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

Economic Calendar (13th of November)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.08:45EURFrench CPI (MoM) (Oct)★★
2.11:00EURGDP (YoY) (Q3)★★
3.11:00EUREmployment Overall (Q3)★★
4.11:00EURTrade Balance (Sep)★★
5.14:30USDPPI (MoM) (Oct)★★★
6.16:00USDMichigan Consumer Sentiment (Nov)
7.16:30USDNatural Gas Storage

(Importance: maximum three stars ★★★)

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