Technical Analysis (XAUUSD)

The Forex Trading Technical Analysis reveals that the price of gold (23rd of November) was around 1870.9 USD/Ounce early today. Under 1-hour-chart technical analysis, it surged swiftly after touching the bottom last Friday (20th), but followed by a pullback from high. the candlestick is currently lying above the middle Bollinger Band. The bands are facing upwards, so it is likely to rise again after a pullback.

Currently, the short-swing upper resistance level lies between 1883.0~1886.0. The current support level lies between 1865.0~1868.0. Investors who wish to go long could consider buying between 1873.0~1875.0 in the short-term and setting the stop loss below 1870.1.

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

Technical Analysis (EURUSD):

The price of EUR/USD (23rd of November) was around 1.18580 early today. Under 1-hour-chart technical analysis, it pulled back after failed to breakthrough last Friday (20th). The candlestick is currently fluctuating near the middle Bollinger Band. The bands are facing downwards, so it is likely to pullback after reaching the resistance level.

Currently, the short-swing upper resistance level lies between 1.18900~1.19000. The current support level lies between 1.18400~1.18500. Investors who wish to sell short could consider selling between 1.18680~1.18760 in the short-term and setting the stop loss above 1.18900.

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

Technical Analysis (GBPUSD):

The price of GBP/USD (23rd of November) was around 1.32967 early today. Under 1-hour-chart technical analysis, it rebounded after a correction as predicted last Friday (20th). The candlestick is currently lying between the middle and upper Bollinger Bands. The bands continue facing upwards and expanding. It is likely to rise again after a pullback.

Currently, the short-swing upper resistance level lies between 1.33400~1.33500. The current support level lies between 1.32700~1.32800. Investors who wish to go long could consider buying between 1.33050~1.33150 in the short-term and setting the stop loss below 1.32900.

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

Technical Analysis (AUDUSD):

The price of AUD/USD (23rd of November) was around 0.73005 early today. Under 1-hour-chart technical analysis, it rebounded after a pullback last Friday (20th). The candlestick is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards, so it is likely to rise again after a pullback.

Currently, the short-swing upper resistance level lies between 0.73400~0.73450. The current support level lies between 0.72850~0.72900. Investors who wish to go long could consider buying between 0.73150~0.73200 in the short-term and setting the stop loss below 0.73030.

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

Technical Analysis (USOUSD):

The price of USO/USD (23rd of November) was around 42.13 this morning. Under 1-hour-chart technical analysis, after the candlestick made a small fluctuation last Friday (20th), it rose with a breakout. It is currently lying above the middle Bollinger Band. The bands are facing upwards, so it is likely to rise again after a pullback.

Currently, the short-swing upper resistance level lies between 42.80~42.90. The current support level lies between 41.30~41.40. Investors who wish to go long could consider buying between 42.00~42.15 in the short-term and setting the stop loss below 41.85.

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

Technical Analysis (Nas100):

The NASDAQ (23rd of November) was around 11907.3 this morning. Under 1-hour-chart technical analysis, it declined again as predicted last Friday (20th), but followed by a rebound after touching the bottom. The candlestick is currently lying below the middle Bollinger Band. The bands are facing downwards, so it is likely to drop again after reaching the resistance level.

Currently, the short-swing upper resistance level lies between 12030.0~12050.0. The current support level lies between 11830.0~11850.0. Investors who wish to sell short could consider selling between 11960.0~11990.0 in the short-term and setting the stop loss above 12030.0.

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

Economic Calendar (23rd of November)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.09:15EURFrench Manufacturing PMI (Nov)★★
2.09:30EURGerman Manufacturing PMI (Nov)★★★
3.10:00EURManufacturing PMI (Nov)★★
4.10:30GBPManufacturing PMI (Nov)★★★
5.10:30GBPServices PMI (Nov)★★★
6.15:45USDManufacturing PMI (Nov)★★
7.15:45USDServices PMI (Nov)★★

(Importance: maximum three stars ★★★)

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