Technical Analysis (XAUUSD)

The Forex trading technical analysis for the price of gold (11th of January) reveals it was around 1846.3 USD/Ounce early today. Under 1-hour-chart technical analysis, it plummeted as predicted last Friday (8th), it plunged over 80 USD during the session. The candlestick is currently lying between the middle and lower Bollinger Bands. The bands continue 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 1850.0~1855.0. The current support level lies between 1800.0~1805.0. Investors who wish to sell short could consider selling between 1840.0~1843.0 in the short-term and setting the stop loss above 1848.5.

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

Technical Analysis (EURUSD):

The price of EUR/USD (11th of January) was around 1.22158 early today. Under 1-hour-chart technical analysis, it dropped sharply as predicted last Friday (8th). The candlestick is currently lying between the middle and lower Bollinger Bands. The bands face downwards and expand, so it is likely to drop again after rebounding to the resistance level.

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 sell short could consider selling between 1.22000~1.22100 in the short-term and setting the stop loss above 1.22250.

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

Technical Analysis (GBPUSD):

The price of GBP/USD (11th of January) was around 1.35544 early today. Under 1-hour-chart technical analysis, it plummeted as predicted last Friday (8th). The candlestick is currently lying between the middle and lower Bollinger Bands. The bands continue facing downwards and expanding, showing a bearish sign. It is likely to decline again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 1.35500~1.35600. The current support level lies between 1.34600~1.34700. Investors who wish to sell short could consider selling between 1.35100~1.35200 in the short-term and setting the stop loss above 1.35350.

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

Technical Analysis (AUDUSD):

The price of AUD/USD (11th of January) was around 0.77538 early today. Under 1-hour-chart technical analysis, the candlestick plummeted as predicted last Friday (8th), it is currently lying between the middle and lower Bollinger Bands. The bands face downwards and expand, so it is likely to fall again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 0.77300~0.77400. The current support level lies between 0.76500~0.76600. Investors who wish to sell short could consider selling between 0.77000~0.77150 in the short-term and setting the stop loss above 0.77300.

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

Technical Analysis (USOUSD):

The price of USO/USD (11th of January) was around 52.50 this morning. Under 1-hour-chart technical analysis, it rebounded after a pullback last Friday (8th). 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 52.80~52.90. The current support level lies between 51.00~51.10. Investors who wish to go long could consider buying between 51.75~51.90 in the short-term and setting the stop loss below 51.45.

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

Technical Analysis (Nas100):

The NASDAQ (11th of January) was around 13099.0 this morning. Under 1-hour-chart technical analysis, the candlestick pulled back after surging last Friday (8th), then it rebounded again. 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 13140.0~13160.0. The current support level lies between 12960.0~12980.0. Investors who wish to go long could consider buying between 13030.0~13050.0 in the short-term and setting the stop loss below 13000.0.

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

Economic Calendar (11th of January)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.07:30CHYCPI (YoY) (Dec)★★
2.10:30EURSentix Investor Confidence (Jan)

(Importance: maximum three stars ★★★)

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