Technical Analysis (XAUUSD)

The Forex trading technical analysis price of gold (19th of November) reveals that the price was around 1872.4 USD/Ounce early today. Under 1-hour-chart technical analysis, it continued to drop sharply as predicted yesterday (18th). The candlestick is currently lying between the middle and lower Bollinger Bands. The bands are continuing 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 1883.0~1886.0. The current support level lies between 1854.0~1857.0. Investors who wish to sell short could consider selling between 1870.0~1872.0 in the short-term and setting the stop loss above 1877.5.

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

Technical Analysis (EURUSD):

The price of EUR/USD (19th of November) was around 1.18505 early today. Under 1-hour-chart technical analysis, it pulled back after surging as predicted yesterday (18th). The candlestick is currently lying between the middle and lower Bollinger Bands. The bands are continuing to face downwards and expanding, so it is likely to drop again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 1.18700~1.18800. The current support level lies between 1.18100~1.18200. Investors who wish to sell short could consider selling between 1.18500~1.18600 in the short-term and setting the stop loss above 1.18780.

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

Technical Analysis (GBPUSD):

The price of GBP/USD (19th of November) was around 1.32662 early today. Under 1-hour-chart technical analysis, it surged again as predicted yesterday (18th), followed by a sharp retracement. The candlestick is currently lying between the middle and lower Bollinger Bands. The bands facing downwards, so it is likely to decline again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 1.32650~1.32750. The current support level lies between 1.31900~1.32000. Investors who wish to sell short could consider selling between 1.32480~1.32580 in the short-term and setting the stop loss above 1.32700.

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

Technical Analysis (AUDUSD):

The price of AUD/USD (19th of November) was around 0.72999 early today. Under 1-hour-chart technical analysis, it dropped sharply after surging as predicted yesterday (18th). The candlestick is currently lying between the middle and lower Bollinger Bands. The bands are continuing to face 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 0.73100~0.73200. The current support level lies between 0.72600~0.72700. Investors who wish to sell short could consider selling between 0.72850~0.72900 in the short-term and setting the stop loss above 0.73000.

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

Technical Analysis (USOUSD):

The price of USO/USD (19th of November) was around 41.44 this morning. Under 1-hour-chart technical analysis, the candlestick pulled back after surging as predicted yesterday (18th). It is currently lying below the middle Bollinger Band. The bands are continuing to face downwards, so it is likely to fall again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 42.30~42.40. The current support level lies between 39.90~40.00. Investors who wish to sell short could consider selling between 41.50~41.60 in the short-term and setting the stop loss above 41.85.

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

Technical Analysis (Nas100):

The NASDAQ (19th of November) was around 11883.6 this morning. Under 1-hour-chart technical analysis, it fell sharply after fluctuating slightly in the high point as predicted yesterday (18th). The candlestick is currently lying between the middle and lower Bollinger Bands. The bands are facing downwards and expanding, so it is likely to drop again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 11970.0~12000.0. The current support level lies between 11750.0~11780.0. Investors who wish to sell short could consider selling between 11880.0~11910.0 in the short-term and setting the stop loss above 11960.0.

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

Economic Calendar (19th of November)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.01:30AUDUnemployment Rate (Oct)★★
2.08:00CHFTrade Balance (Oct)
3.10:00EURCurrent Account n.s.a. (Sep)
4.12:00GBPCBI Industrial Trends Orders (Nov)★★
5.14:30USDInitial Jobless Claims★★★
6.14:30USDPhiladelphia Fed Manufacturing Index (Nov)★★★
7.16:00USDExisting Home Sales (Oct)★★★
8.16:00USDUS Leading Index (MoM) (Oct)
9.16:30USDNatural Gas Storage

(Importance: maximum three stars ★★★)

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