Technical Analysis (XAUUSD)

The Forex trading technical analysis for the price of gold (21st of December) reveals it was around 1881.4 USD/Ounce early today. Under 1-hour-chart technical analysis, the candlestick rebounded again after a pullback last Friday (18th), it is currently lying above the middle Bollinger Band. The bands are facing upwards and expanding, so it is likely to rebound again after a pullback.

Currently, the short-swing upper resistance level lies between 1903.0~1905.0. The current support level lies between 1890.0~1892.0. Investors who wish to go long could consider buying between 1894.5~1896.5 in the short-term and setting the stop loss below 1891.5.

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

Technical Analysis (EURUSD):

The price of EUR/USD (21st of December) was around 1.22282 early today. Under 1-hour-chart technical analysis, it pulled back after surging as predicted last Friday (18th). 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 1.22250~1.22350. The current support level lies between 1.21600~1.21700. Investors who wish to sell short could consider selling between 1.22000~1.22050 in the short-term and setting the stop loss above 1.22200.

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

Technical Analysis (GBPUSD):

The price of GBP/USD (21st of December) was around 1.34291 early today. Under 1-hour-chart technical analysis, it pulled back sharply after surging to the resistance level as predicted last Friday (18th), the candlestick is currently lying below the middle Bollinger Band. The bands are facing downwards, so it is likely to decline again after reaching the higher resistance level.

Currently, the short-swing upper resistance level lies between 1.34400~1.34500. The current support level lies between 1.32400~1.32500. Investors who wish to sell short could consider selling between 1.33500~1.33600 in the short-term and setting the stop loss above 1.33750.

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

Technical Analysis (AUDUSD):

The price of AUD/USD (21st of December) was around 0.76004 early today. Under 1-hour-chart technical analysis, it pulled back after surging as predicted last Friday (18th). 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 0.76000~0.76100. The current support level lies between 0.75400~0.75500. Investors who wish to sell short could consider selling between 0.75750~0.75800 in the short-term and setting the stop loss above 0.75900.

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

Technical Analysis (USOUSD):

The price of USO/USD (21st of December) was around 49.07 this morning. Under 1-hour-chart technical analysis, it plummeted after fluctuating at the high point last Friday (18th). The candlestick is currently dropping and lying above the ascending trendline, so it is possible to rebound from the bottom.

Currently, the short-swing upper resistance level lies between 48.60~48.70. The current support level lies between 47.10~47.20. Investors who wish to go long could consider buying between 47.75~47.85 in the short-term and setting the stop loss below 47.50.

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

Technical Analysis (Nas100):

The NASDAQ (21st of December) was around 12772.4 this morning. Under 1-hour-chart technical analysis, it plummeted as predicted last Friday (18th). The candlestick is currently rebounding from the bottom, it is currently lying above the middle Bollinger Band, so it is likely to rise again after a pullback.

Currently, the short-swing upper resistance level lies between 12810.0~12830.0. The current support level lies between 12670.0~12690.0. Investors who wish to go long could consider buying between 12730.0~12750.0 in the short-term and setting the stop loss below 12700.0.

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

Economic Calendar (21st of December)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.02:30CHYPBoC Loan Prime Rate★★★
2.12:00GBPDistributive Trades Survey (Dec)

(Importance: maximum three stars ★★★)

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