Technical Analysis (XAUUSD)

The price Forex trading technical analysis reveals that the price of gold (30th of November) was around 1787.3 USD/Ounce early today. Under 1-hour-chart technical analysis, the candlestick plummeted after dropping below the support level as predicted last Friday (27th). It is currently fluctuating slightly around the low point. It is likely to stand on the 5-days moving average again and rebound.

Currently, the short-swing upper resistance level lies between 1804.0~1807.0. The current support level lies between 1774.0~1777.0. Investors who wish to sell short could consider selling between 1780.0~1782.0 in the short-term and setting the stop loss below 1777.5.

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

Technical Analysis (EURUSD):

The price of EUR/USD (30th of November) was around 1.19653 early today. Under 1-hour-chart technical analysis, as USD index continue to decline last Friday (27th), the euro set another new high. The candlestick is currently fluctuating around the high point, so it is likely to pull back from high.

Currently, the short-swing upper resistance level lies between 1.19900~1.20000. The current support level lies between 1.19300~1.19400. Investors who wish to sell short could consider selling between 1.19700至1.19750 in the short-term and setting the stop loss above 1.19900.

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

Technical Analysis (GBPUSD):

The price of GBP/USD (30th of November) was around 1.33244 early today. Under 1-hour-chart technical analysis, it declined after reaching the resistance level as predicted last Friday (27th). The candlestick is currently lying around the middle Bollinger Band. 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 1.33700~1.33800. The current support level lies between 1.32800~1.32900. Investors who wish to sell short could consider selling between 1.33400~1.33500 in the short-term and setting the stop loss above 1.33650.

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

Technical Analysis (AUDUSD):

The price of AUD/USD (30th of November) was around 0.73864 early today. Under 1-hour-chart technical analysis, it skyrocketed after a pullback last Friday (27th). The candlestick is currently fluctuating above the middle Bollinger Band. However, the bands are contracting, so it is likely to pullback from high.

Currently, the short-swing upper resistance level lies between 0.74100~0.74150. The current support level lies between 0.73650~0.73700. Investors who wish to sell short could consider selling between 0.73950~0.74000 in the short-term and setting the stop loss above 0.74080.

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

Technical Analysis (USOUSD):

The price of USO/USD (30th of November) was around 45.09 this morning. Under 1-hour-chart technical analysis, the candlestick rebounded and was fluctuating slightly in the high point, in the meantime, the bands are contracting, so it is likely to pullback after dropping below the middle Bollinger Band.

Currently, the short-swing upper resistance level lies between 45.90~46.00. The current support level lies between 44.20~44.30. Investors who wish to sell short could consider selling between 44.80~44.95 in the short-term and setting the stop loss above 45.15.

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

Technical Analysis (Nas100):

The NASDAQ (30th of November) was around 12299.3 this morning. Under 1-hour-chart technical analysis, it skyrocketed after a pullback last Friday (27th). The candlestick is currently pulling back again after a surge. In the meantime, it is fluctuating around the middle Bollinger Band , so it is likely to decline after dipping below the middle band.

Currently, the short-swing upper resistance level lies between 12340.0~12360.0. The current support level lies between 12210.0~12230.0. Investors who wish to sell short could consider selling between 12290.0~12310.0 in the short-term and setting the stop loss above 12340.0.

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

Economic Calendar (30th of November)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.02:00CHYManufacturing PMI (Nov)★★★
2.08:30CHFRetail Sales (YoY) (Oct)★★
3.09:00CHFKOF Leading Indicators (Nov)★★
4.10:30GBPMortgage Approvals (Oct)
5.14:00EURGerman CPI (MoM) (Nov)★★
6.14:30CADCurrent Account (Q3)★★
7.15:45USDChicago PMI (Nov)★★
8.16:00USDPending Home Sales (MoM) (Oct)★★★
9.16:30USDDallas Fed Mfg Business Index (Nov)

(Importance: maximum three stars ★★★)

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