Technical Analysis (XAUUSD)

The Forex trading technical analysis for the price of gold (14th of December) reveals it was around 1838.9 USD/Ounce early today. Under 1-hour-chart technical analysis, the candlestick rebounded from the bottom as predicted last Friday (11th), it is currently fluctuating slightly around the middle Bollinger Band. The bands are contracting, so it is likely to rebound again after standing firmly on the middle band.

Currently, the short-swing upper resistance level lies between 1858.0~1860.0. The current support level lies between 1828.0~1830.0. Investors who wish to go long could consider buying between 1836.5~1838.5 in the short-term and setting the stop loss below 1832.5.

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

Technical Analysis (EURUSD):

The price of EUR/USD (14th of December) was around 1.21330 early today. Under 1-hour-chart technical analysis, it rebounded after a pullback as predicted last Friday (11th). The candlestick is currently lying around the middle Bollinger Band. The bands are contracting, so it is likely to decline again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 1.21400~1.21500. The current support level lies between 1.20800~1.20900. Investors who wish to sell short could consider selling between 1.21220~1.21300 in the short-term and setting the stop loss above 1.21400.

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

Technical Analysis (GBPUSD):

The price of GBP/USD (14th of December) was around 1.33262 early today. Under 1-hour-chart technical analysis, it went up sharply after pulling back to the bottom as predicted last Friday (11th). The candlestick is currently spiking with a gap to the upper resistance level. It is likely to pullback after reaching the resistance level.

Currently, the short-swing upper resistance level lies between 1.33500~1.33600. The current support level lies between 1.31800~1.31900. Investors who wish to sell short could consider selling between 1.33150~1.33200 in the short-term and setting the stop loss above 1.33380.

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

Technical Analysis (AUDUSD):

The price of AUD/USD (14th of December) was around 0.75472 early today. Under 1-hour-chart technical analysis, it pulled back after surging last Friday (11th). The candlestick is currently fluctuating slightly around the middle Bollinger Band. The bands are contracting and facing downwards. It is likely to decline again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 0.75550~0.75650, The current support level lies between 0.74900~0.75000. Investors who wish to sell short could consider selling between 0.75300~0.75350 in the short-term and setting the stop loss above 0.75450.

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

Technical Analysis (USOUSD):

The price of USO/USD (14th of December) was around 46.56 this morning. Under 1-hour-chart technical analysis, the candlestick formed a bullish pattern, it is currently lying around the middle Bollinger Band, so it is likely to continue rebounding after standing above the middle band again.

Currently, the short-swing upper resistance level lies between 47.40~47.50. The current support level lies between 45.90~46.00. Investors who wish to go long could consider buying between 46.60~46.70 in the short-term and setting the stop loss below 46.30.

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

Technical Analysis (Nas100):

The NASDAQ (14th of December) was around 12420.2 this morning. Under 1-hour-chart technical analysis, it surged as predicted last Friday (11th). The candlestick is currently lying above the middle Bollinger Band. However, investors should be aware of the upper resistance level at the 240-days moving average. It is likely to pull back after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 12470.0~12490.0. The current support level lies between 12350.0~12370.0. Investors who wish to sell short could consider selling between 12430.0~12450.0 in the short-term and setting the stop loss above 12470.0.

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

Economic Calendar (14th of December)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.11:00EURIndustrial Production (MoM) (Oct)★★

(Importance: maximum three stars ★★★)

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