Technical Analysis (XAUUSD)

The Forex trading technical analysis reveals that the price of gold (28th of December) was around 1883.1 USD/Ounce early today. Under 1-hour-chart technical analysis, after the candlestick pulled back, it rebounded as predicted last Thursday (24th), it is currently lying between the middle and upper Bollinger Bands. 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 1905.0~1907.0. The current support level lies between 1880.0~1882.0. Investors who wish to go long could consider buying between 1886.0~1888.0 in the short-term and setting the stop loss below 1882.5.

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

Technical Analysis (EURUSD):

The price of EUR/USD (28th of December) was around 1.21897 early today. Under 1-hour-chart technical analysis, it pulled back after rebounding to the resistance level last Thursday (24th), the candlestick is currently 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 1.22300~1.22400. The current support level lies between 1.21500~1.21600. Investors who wish to go long short could consider buying between 1.22000~1.22050 in the short-term and setting the stop loss below 1.21900.

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

Technical Analysis (GBPUSD):

The price of GBP/USD (28th of December) was around 1.35481 early today. Under 1-hour-chart technical analysis, it pulled back after surging last Thursday (24th), 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 1.36200~1.36300. The current support level lies between 1.34200~1.34300. Investors who wish to sell short could consider selling between 1.35350~1.35500 in the short-term and setting the stop loss above 1.35700.

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

Technical Analysis (AUDUSD):

The price of AUD/USD (28th of December) was around 0.75989 early today. Under 1-hour-chart technical analysis, it continued to rise as predicted last Thursday (24th), the candlestick is currently lying between the middle and upper Bollinger Bands. 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 0.76350~0.76450. The current support level lies between 0.75700~0.75800. Investors who wish to go long could consider buying between 0.76000~0.76100 in the short-term and setting the stop loss below 0.75900.

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

Technical Analysis (USOUSD):

The price of USO/USD (28th of December) was around 48.04 this morning. Under 1-hour-chart technical analysis, it pulled back after surging last Thursday (24th), the candlestick is currently lying above the middle Bollinger Band. The bands are facing upwards, so it is likely to rebound again after a pullback.

Currently, the short-swing upper resistance level lies between 48.80~48.90. The current support level lies between 47.40~47.50. Investors who wish to go long could consider buying between 48.00~48.15 in the short-term and setting the stop loss below 47.85.

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

Technical Analysis (Nas100):

The NASDAQ (28th of December) was around 12678.7 this morning. Under 1-hour-chart technical analysis, it rebounded again after a pullback last Thursday (24th), the candlestick is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards, so it is likely to rebound after a pullback.

Currently, the short-swing upper resistance level lies between 12830.0~12850.0. The current support level lies between 12700.0~12720.0. 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 (28th of December)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.16:30USDDallas Fed Mfg Business Index (Dec)

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