Technical Analysis (XAUUSD)

The Forex trading technical analysis for the price of gold (22nd of December) reveals it was around 1876.9 USD/Ounce early today. Under 1-hour-chart technical analysis, the candlestick skyrocketed as predicted yesterday (21st), then it plummeted after reaching the higher resistance level. The candlestick is currently fluctuating around the middle Bollinger Band. It is likely to rebound again after standing above the middle band.

Currently, the short-swing upper resistance level lies between 1895.0~1897.0. The current support level lies between 1860.0~1862.0. Investors who wish to go long could consider buying between 1880.0~1882.0 in the short-term and setting the stop loss below 1876.5.

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

Technical Analysis (EURUSD):

The price of EUR/USD (22nd of December) was around 1.22379 early today. Under 1-hour-chart technical analysis, it dropped sharply yesterday as predicted yesterday (21st), it then rebounded sharply from the bottom, it is currently fluctuating after reaching the high point, so it is likely to pull back again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 1.22600~1.22700. The current support level lies between 1.22000~1.22100. Investors who wish to sell short could consider selling between 1.22350~1.22420 in the short-term and setting the stop loss above 1.22550.

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

Technical Analysis (GBPUSD):

The price of GBP/USD (22nd of December) was around 1.34468 early today. Under 1-hour-chart technical analysis, it dropped sharply as predicted yesterday (21st), it then rebounded sharply from the bottom. The candlestick is currently lying below the 5-day and 10-day moving average, so it is likely to decline again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 1.34900~1.35100. The current support level lies between 1.33200~1.33400. Investors who wish to sell short could consider selling between 1.34150~1.34250 in the short-term and setting the stop loss above 1.34400.

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

Technical Analysis (AUDUSD):

The price of AUD/USD (22nd of December) was around 0.75815 early today. Under 1-hour-chart technical analysis, it plummeted as predicted yesterday (21st), the candlestick is currently rebounding and lying between the middle and upper Bollinger Bands. The bands are facing upwards, so it is likely to rebound again after a pullback.

Currently, the short-swing upper resistance level lies between 0.76100~0.76200. The current support level lies between 0.75300~0.75400. Investors who wish to go long could consider buying between 0.75550~0.75650 in the short-term and setting the stop loss below 0.75450.

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

Technical Analysis (USOUSD):

The price of USO/USD (22nd of December) was around 47.72 this morning. Under 1-hour-chart technical analysis, after it plummeted yesterday (21st), it rebounded. The candlestick is currently fluctuating around the middle Bollinger Band, it is likely to decline after dropping below the middle band.

Currently, the short-swing upper resistance level lies between 48.10~48.20. The current support level lies between 46.40~46.50. Investors who wish to sell short could consider selling between 47.50~47.60 in the short-term and setting the stop loss above 47.75.

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

Technical Analysis (Nas100):

The NASDAQ (22nd of December) was around 12719.3 this morning. Under 1-hour-chart technical analysis, it plummeted after fluctuating around the high point yesterday (21st), then the candlestick rebounded and it is currently lying above the middle Bollinger Band, so it is likely to rebound again after a pullback.

Currently, the short-swing upper resistance level lies between 12790.0~12810.0. The current support level lies between 12600.0~12620.0. Investors who wish to go long could consider buying between 12710.0~12730.0 in the short-term and setting the stop loss below 12680.0.

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

Economic Calendar (22nd of December)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.08:00EURGfk German Cosnumer Climate (Jan)★★
2.08:00GBPGBP (QoQ) (Q3)★★★
3.08:00GBPCurrent Account (Q3)★★
4.14:30USDGDP (QoQ) (Q3)★★
5.14:30USDReal Consumer Spending (Q3)
6.14:30USDPCE Prices (Q3)
7.16:00USDExisting Home Sales (MoM) (Nov)★★
8.16:00USDCB Consumer Confidence (Dec)★★★
9.16:00USDRichmond Manufacturing Shipments (Dec)

(Importance: maximum three stars ★★★)

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