Technical Analysis (XAUUSD)

The Forex trading technical analysis for the price of gold (25th of November) reveals it was around 1807.0 USD/Ounce early today. Under 1-hour-chart technical analysis, the candlestick continued to decline yesterday (24th), it is currently rebounding from the bottom. It is likely to rise again after standing on the middle Bollinger Band again.

Currently, the short-swing upper resistance level lies between 1825.0~1827.0. The current support level lies between 1798.0~1800.0. Investors who wish to go long could consider buying between 1807.0~1810.0 in the short-term and setting the stop loss below 1804.5.

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

Technical Analysis (EURUSD):

The price of EUR/USD (25th of November) was around 1.18915 early today. Under 1-hour-chart technical analysis, it rose again after a pullback from high yesterday (24th). 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 1.19200~1.19300. The current support level lies between 1.18800~1.18900. Investors who wish to go long could consider buying between 1.19000~1.19050 in the short-term and setting the stop loss below 1.18900.

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

Technical Analysis (GBPUSD):

The price of GBP/USD (25th of November) was around 1.33562 early today. Under 1-hour-chart technical analysis, it pulled back after touching the higher resistance level as predicted yesterday (24th). The candlestick is currently rebounding from the bottom and lying near the middle Bollinger Band. It is likely to decline again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 1.33900~1.34000. The current support level lies between 1.33100~1.33200. Investors who wish to sell short could consider selling between 1.33600~1.33700 in the short-term and setting the stop loss above 1.33800.

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

Technical Analysis (AUDUSD):

The price of AUD/USD (25th of November) was around 0.73574 early today. Under 1-hour-chart technical analysis, it continued to rise as predicted yesterday (24th). The candlestick is currently pulling back from high and lying above the middle Bollinger Band. The bands are contracting, so it is likely to make a bearish retracement.

Currently, the short-swing upper resistance level lies between 0.73750~0.73850. The current support level lies between 0.73300~0.73400. Investors who wish to sell short could consider selling between 0.73580~0.73650 in the short-term and setting the stop loss above 0.73730.

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

Technical Analysis (USOUSD):

The price of USO/USD (25th of November) was around 44.50 this morning. Under 1-hour-chart technical analysis, it continued to rise as predicted yesterday (24th), 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 45.70~45.80. The current support level lies between 44.20~44.30. Investors who wish to go long could consider buying between 44.90~45.00 in the short-term and setting the stop loss below 44.60.

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

Technical Analysis (Nas100):

The NASDAQ (25th of November) was around 12104.8 this morning. Under 1-hour-chart technical analysis, it skyrocketed after broke out the consolidation zone yesterday (24th). The candlestick is currently showing a bullish sign, so it is likely to keep rising.

Currently, the short-swing upper resistance level lies between 12250.0~12280.0. The current support level lies between 12080.0~12100.0. Investors who wish to go long could consider selling between 12150.0~12170.0 in the short-term and setting the stop loss below 12100.0.

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

Economic Calendar (25th of November)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.10:00CHFZEW Expectations (Nov)
2.14:30USDInitial Jobless Claims★★★
3.14:30USDGDP (QoQ) (Q3)★★★
4.14:30USDDurable Goods Orders (MoM)★★
5.16:00USDMichigan Consumer Sentiment (Nov)★★
6.16:00USDPCE Price index (YoY) (Oct)★★
7.16:00USDPersonal Spending (MoM) (Oct)★★
8.16:00USDNew Home Sales (Oct)★★★
9.16:00USDPCE Price index (MoM) (Oct)★★
10.16:30USDEIR Refinery Crude Runs (WoW)

(Importance: maximum three stars ★★★)

The views or opinions as expressed in the above article represent the personal views or opinions of the author and do not represent those of IV Markets Limited (“IV Markets”). IV Markets has no obligation to independently check or verify the author of the article and the information provided in the article. Accordingly, IV MARKETS does not take responsibility for such article.

This material is for general information purposes only and is not intended as (and should not be considered to be) financial, investment or other advice on which reliance should be placed. IV Markets is not authorized to provide investment advice. No opinion given in the material constitutes a recommendation by IV Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

Trading with IV Markets can result in losses that exceed your deposits. Consumers should ensure they understand the risk and seek independent financial advice if necessary.

IV Markets is designed for clients to trade in the forex market, it is regulated by the Seychelles Financial Authority (FSA), license number: SD049.