Technical Analysis (XAUUSD)

The Forex trading technical analysis for the price of gold (27th of November) reveals that it was around 1811.3 USD/Ounce early today. Under 1-hour-chart technical analysis, the candlestick rebounded slightly as predicted yesterday (26th), it is currently fluctuating slightly around the low point after the pullback. It is likely to decline after dropping below the middle Bollinger Band.

Currently, the short-swing upper resistance level lies between 1822.0~1824.0. The current support level lies between 1798.0~1800.0. Investors who wish to sell short could consider selling between 1810.0~1812.0 in the short-term and setting the stop loss above 1815.5.

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

Technical Analysis (EURUSD):

The price of EUR/USD (27th of November) was around 1.19092 early today. Under 1-hour-chart technical analysis, it rose again after a pullback as predicted yesterday (26th). The candlestick is currently lying between the middle and lower Bollinger Bands. The bands are facing downwards, so it is likely to decline again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 1.19400~1.19500. The current support level lies between 1.18800~1.18900. Investors who wish to sell short could consider selling between 1.19150~1.19200 in the short-term and setting the stop loss above 1.19300.

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

Technical Analysis (GBPUSD):

The price of GBP/USD (27th of November) was around 1.33542 early today. Under 1-hour-chart technical analysis, it dropped sharply after surging to the higher resistance level yesterday (26th). The candlestick is currently lying between the middle and lower Bollinger Bands, the bands are facing downwards, so it is likely to drop 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 1.32900~1.33000. 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 (27th of November) was around 0.73557 early today. Under 1-hour-chart technical analysis, the candlestick fluctuated slightly at the high point yesterday (26th). The Bollinger bands are currently contracting, so it is likely to drop after dipping below the middle Band.

Currently, the short-swing upper resistance level lies between 0.73750~0.73800. The current support level lies between 0.73300~0.73350. Investors who wish to sell short could consider selling between 0.73620~0.73660 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 (27th of November) was around 44.61 this morning. Under 1-hour-chart technical analysis, it reversed after surging yesterday (26th). The candlestick is currently lying between the middle and lower Bollinger Bands. The bands are facing downwards, so it is likely to decline again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 45.30~45.50. The current support level lies between 43.35~43.55. Investors who wish to sell short could consider selling between 44.80~45.00 in the short-term and setting the stop loss above 45.20.

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

Technical Analysis (Nas100):

The NASDAQ (27th of November) was around 12165.1 this morning. Under 1-hour-chart technical analysis, the candlestick firstly fluctuated slightly around the high point yesterday (26th), but it dropped below the middle Bollinger Band later. It is likely to fall again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 12210.0~12230.0. The current support level lies between 12080.0~12100.0. Investors who wish to sell short could consider selling between 12160.0~12180.0 in the short-term and setting the stop loss above 12200.0.

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

Economic Calendar (27th of November)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.08:45EURFrench CPI (MoM)★★
2.08:45EURFrench GDP (QoQ) (Q3)★★
3.11:00EURIndustrial Sentiment (Nov)
4.11:00EURConsumer Confidence (Nov)
5.11:00EURBusiness Climate

(Importance: maximum three stars ★★★)

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