Technical Analysis (XAUUSD)

The Forex trading technical analysis for the price of gold (30th of December) reveals it was around 1878.2 USD/Ounce early today. Under 1-hour-chart technical analysis, it rebounded after a pullback as predicted yesterday (29th). The candlestick is currently lying between the middle and upper Bollinger Bands. The bands face upwards, so it is likely to rebound again after standing firmly on the middle band.

Currently, the short-swing upper resistance level lies between 1893.0~1895.0. The current support level lies between 1872.0~1874.0. Investors who wish to go long could consider buying between 1877.0~1879.0 in the short-term and setting the stop loss below 1874.0.

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

Technical Analysis (EURUSD):

The price of EUR/USD (30th of December) was around 1.22524 early today. Under 1-hour-chart technical analysis, it skyrocketed as predicted yesterday (29th). The candlestick is currently lying between the middle and upper Bollinger Bands. The bands face upwards and expand, so it is likely to rise again after a pullback.

Currently, the short-swing upper resistance level lies between 1.23000~1.23100. The current support level lies between 1.22500~1.22600. Investors who wish to go long short could consider buying between 1.22700~1.22750 in the short-term and setting the stop loss below 1.22580.

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

Technical Analysis (GBPUSD):

The price of GBP/USD (30th of December) was around 1.34989 early today. Under 1-hour-chart technical analysis, it rebounded after pulling back to the 240-day moving average yesterday (29th). The candlestick is currently lying between the middle and upper Bollinger Bands. The bands face upwards, so it is likely to rebound again after a pullback.

Currently, the short-swing upper resistance level lies between 1.35800~1.36000. The current support level lies between 1.34500~1.34700. Investors who wish to go long could consider buying between 1.35100~1.35200 in the short-term and setting the stop loss below 1.34950.

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

Technical Analysis (AUDUSD):

The price of AUD/USD (30th of December) was around 0.76042 early today. Under 1-hour-chart technical analysis, it skyrocketed as predicted yesterday (29th). The candlestick is currently lying between the middle and upper Bollinger Bands. The bands face upwards and expand, so it is likely to rise again after a pullback.

Currently, the short-swing upper resistance level lies between 0.76500~0.76600. The current support level lies between 0.76000~0.76100. Investors who wish to go long could consider buying between 0.76250~0.76300 in the short-term and setting the stop loss below 0.76170.

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

Technical Analysis (USOUSD):

The price of USO/USD (30th of December) was around 47.98 this morning. Under 1-hour-chart technical analysis, it rebounded after a pullback yesterday (29th). The candlestick is currently standing firmly above the middle Bollinger Band. The bands face upwards, so it is likely to rebound again after a pullback.

Currently, the short-swing upper resistance level lies between 48.80~49.00. The current support level lies between 47.40~47.60. Investors who wish to go long could consider buying between 48.05~48.15 in the short-term and setting the stop loss below 47.90.

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

Technical Analysis (Nas100):

The NASDAQ (30th of December) was around 12871.4 this morning. Under 1-hour-chart technical analysis, it plummeted after surging yesterday (29th). The candlestick is currently lying below the middle Bollinger Band. The bands face downwards, so it is likely to decline again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 12900.0~12930.0. The current support level lies between 12760.0~12790.0. Investors who wish to sell short could consider selling between 12860.0~12890.0 in the short-term and setting the stop loss above 12920.0.

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

Economic Calendar (30th of December)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.08:00GBPNationwide HPI (MoM) (Dec)★★
2.09:00CHFKOF Leading Indicators (Dec)★★
3.10:00CHFZEW Expectations (Dec)
4.15:45USDChicago PMI (Dec)★★
5.16:00USDPending Home Sales (MoM) (Nov)★★★
6.16:30USDEIA Refinery Crude Runs (WoW)

(Importance: maximum three stars ★★★)

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