Technical Analysis (XAUUSD)

The price of gold (15th of December) was around 1827.8 USD/Ounce early today. Under 1-hour-chart technical analysis, the candlestick continued to decline after dropping below the 240-days moving average yesterday (14th), it is currently lying between the middle and lower Bollinger Bands. The bands are facing downwards, so it is likely to fall again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 1833.0~1836.0. The current support level lies between 1812.0~1815.0. Investors who wish to sell short could consider selling between 1826.5~1829.5 in the short-term and setting the stop loss above 1833.5.

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

Technical Analysis (EURUSD):

The price of EUR/USD (15th of December) was around 1.21330 early today. Under 1-hour-chart technical analysis, it skyrocketed yesterday (14th), followed by a sharp reverse. The candlestick is currently lying above the middle Bollinger Band. The bands are facing upwards and expanding, so it is likely to rise again after a pullback.

Currently, the short-swing upper resistance level lies between 1.21700~1.21800. The current support level lies between 1.21100~1.21200. Investors who wish to go long could consider buying between 1.21510~1.21580 in the short-term and setting the stop loss below 1.21420.

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

Technical Analysis (GBPUSD):

The price of GBP/USD (15th of December) was around 1.33270 early today. Under 1-hour-chart technical analysis, it pulled back sharply after soaring to the higher resistance level at the descending trendline yesterday (14th). The candlestick is currently lying below 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 1.33750~1.33900. The current support level lies between 1.32250~1.32400. Investors who wish to sell short could consider selling between 1.33400~1.33500 in the short-term and setting the stop loss above 1.33620.

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

Technical Analysis (AUDUSD):

The price of AUD/USD (15th of December) was around 0.75295 early today. Under 1-hour-chart technical analysis, it pulled back sharply after hitting a new high yesterday (14th). The candlestick is currently lying below the middle Bollinger Band. The bands are facing downwards and expanding, so it is likely to decline again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 0.75500~0.75600, The current support level lies between 0.75000~0.75100. 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 (15th of December) was around 46.93 this morning. Under 1-hour-chart technical analysis, it plummeted yesterday (14th), followed by a sharp rebound from the bottom. The candlestick is currently fluctuating around the middle Bollinger Band, so it is likely to continue rebounding after retracing above the middle Bollinger band.

Currently, the short-swing upper resistance level lies between 47.60~47.70. The current support level lies between 46.00~46.10. 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 (15th of December) was around 12482.5 this morning. Under 1-hour-chart technical analysis, it pulled back sharply after surging yesterday (14th). The candlestick is currently dropping below the support level at the middle Bollinger Band and plunging, it is likely to pull back again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 12500.0~12530.0. The current support level lies between 12360.0~12390.0. Investors who wish to sell short could consider selling between 12450.0~12470.0 in the short-term and setting the stop loss above 12500.0.

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

Economic Calendar (15th of December)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.08:00GBPEmployment Change 3M/3M (MoM) (Oct)★★
2.08:00GBPUnemployment Rate (Oct)★★
3.08:00GBPClaimant Count Change (Nov)★★★
4.08:45EURFrench CPI (MoM) (Nov)★★
5.14:30USDNY Empire State Manufacturing Index (Dec)★★
6.14:30USDImport Price Index (MoM) (Nov)★★
7.15:15USDIndustrial Production (MoM) (Nov)★★

(Importance: maximum three stars ★★★)

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