Technical Analysis (XAUUSD)

The Forex trading technical analysis for the price of gold (17th of December) was around 1863.3 USD/Ounce early today. Under 1-hour-chart technical analysis, the candlestick skyrocketed again as predicted yesterday (16th). It is currently lying above the middle Bollinger Band. The bands continue facing upwards, so it is likely to rise again after a pullback.

Currently, the short-swing upper resistance level lies between 1875.0~1878.0. The current support level lies between 1858.0~1861.0. Investors who wish to go long could consider buying between 1862.5~1864.5 in the short-term and setting the stop loss below 1859.0.

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

Technical Analysis (EURUSD):

The price of EUR/USD (17th of December) was around 1.21970 early today. Under 1-hour-chart technical analysis, it fluctuated dramatically yesterday (16th), the candlestick is currently lying between the middle and upper Bollinger Bands. The bands continue facing upwards, so it is likely to rebound again after a pullback.

Currently, the short-swing upper resistance level lies between 1.22200~1.22300. The current support level lies between 1.21700~1.21800. Investors who wish to go long could consider buying between 1.21900~1.21950 in the short-term and setting the stop loss below 1.21820.

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

Technical Analysis (GBPUSD):

The price of GBP/USD (17th of December) was around 1.35021 early today. Under 1-hour-chart technical analysis, it skyrocketed again as predicted yesterday (16th). The candlestick is currently lying between the middle and upper Bollinger Bands. The bands continue facing upwards and expanding. It is likely to rebound again after a pullback.

Currently, the short-swing upper resistance level lies between 1.35700~1.35800. The current support level lies between 1.34600~1.34700. Investors who wish to go long could consider buying between 1.35200~1.35300 in the short-term and setting the stop loss below 1.35100.

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

Technical Analysis (AUDUSD):

The price of AUD/USD (17th of December) was around 0.75704 early today. Under 1-hour-chart technical analysis, it rebounded again after a pullback as predicted yesterday (16th). The candlestick is currently lying above the middle Bollinger Band. The bands continue facing upwards, so it is likely to rebound again after a pullback.

Currently, the short-swing upper resistance level lies between 0.76000~0.76050. The current support level lies between 0.75500~0.75550. Investors who wish to go long could consider buying between 0.75800~0.75850 in the short-term and setting the stop loss below 0.75700.

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

Technical Analysis (USOUSD):

The price of USO/USD (17th of December) was around 47.84 this morning. Under 1-hour-chart technical analysis, it continued to surge as predicted yesterday (16th). The candlestick is currently lying between the middle and upper Bollinger Bands. The bands continue to face upwards. It is likely to rebound again after a pullback.

Currently, the short-swing upper resistance level lies between 48.50~48.60. The current support level lies between 47.50~47.60. Investors who wish to go long could consider buying between 48.00~48.10 in the short-term and setting the stop loss below 47.80.

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

Technical Analysis (Nas100):

The NASDAQ (17th of December) was around 12687.9 this morning. Under 1-hour-chart technical analysis, it rebounded again after a pullback as predicted yesterday (16th), the candlestick is currently fluctuating slightly at high point, so it is likely to pull back after dropping below the middle band.

Currently, the short-swing upper resistance level lies between 12720.0~12740.0. The current support level lies between 12580.0~12600.0. Investors who wish to sell short could consider selling between 12680.0~12690.0 in the short-term and setting the stop loss above 12710.0.

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

Economic Calendar (17th of December)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.08:30AUDUnemployment Rate (Nov)★★
2.15:00CHFTrade Balance (Nov)
3.16:30CHFSNB Interest Rate Decision★★★
4.16:30CHFSNB Monetary Policy Assessment★★★
5.18:00EURCPI (YoY) (Nov)★★★
6.18:00EURCPI (MoM) (Nov)★★★
7.20:00GBPBoE Interest Rate Decision (Dec)★★★
8.20:00GBPBoE QE Total (Dec)★★
9.21:30USDInitial Jobless Claims★★★
10.21:30USDHousing Starts (Nov)★★
11.21:30USDBuilding Permits (Nov)★★★
12.21:30USDPhiladelphia Fed Manufacturing Index (Dec)★★★
13.23:30USDNatural Gas Storage

(Importance: maximum three stars ★★★)

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