Technical Analysis (XAUUSD)

The Forex trading technical analysis for the price of gold (13th of January) indicates it was around 1855.0 USD/Ounce early today. Under 1-hour-chart technical analysis, it pulled back again after surging to the resistance level as predicted yesterday (12th). The candlestick is currently rebounding and fluctuating around the middle Bollinger Band. The bands are facing upwards, so it is likely to continue rebounding.

Currently, the short-swing upper resistance level lies between 1878.0~1880.0. The current support level lies between 1838.0~1840.0. Investors who wish to go long could consider buying between 1856.0~1858.0 in the short-term and setting the stop loss below 1853.0.

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

Technical Analysis (EURUSD):

The price of EUR/USD (13th of January) was around 1.22044 early today. Under 1-hour-chart technical analysis, it rebounded sharply after a pullback yesterday (12th). The candlestick is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards and expanding, so it is likely to continue rebounding.

Currently, the short-swing upper resistance level lies between 1.22500~1.22600. The current support level lies between 1.21800~1.21900. Investors who wish to go long could consider buying between 1.22100~1.22200 in the short-term and setting the stop loss below 1.22000.

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

Technical Analysis (GBPUSD):

The price of GBP/USD (13th of January) was around 1.36600 early today. Under 1-hour-chart technical analysis, it skyrocketed after breaking out the descending resistance level yesterday (12th). The candlestick is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards and expanding, so it is likely to continue rebounding.

Currently, the short-swing upper resistance level lies between 1.37100~1.37200. The current support level lies between 1.36200~1.36300. Investors who wish to go long could consider buying between 1.36600~1.36700 in the short-term and setting the stop loss below 1.36450.

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

Technical Analysis (AUDUSD):

The price of AUD/USD (13th of January) was around 0.77684 early today. Under 1-hour-chart technical analysis, the candlestick skyrocketed after breaking out the descending resistance level yesterday (12th). It is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards and expanding, so it is likely to continue rebounding.

Currently, the short-swing upper resistance level lies between 0.78000~0.78100. The current support level lies between 0.77400~0.77500. Investors who wish to go long could consider buying between 0.77650~0.77750 in the short-term and setting the stop loss below 0.77540.

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

Technical Analysis (USOUSD):

The price of USO/USD (13th of January) was around 53.16 this morning. Under 1-hour-chart technical analysis, it rebounded again after a pullback yesterday (12th). The candlestick forms a bullish pattern, so it is likely to continue rebounding.

Currently, the short-swing upper resistance level lies between 54.10~54.20. The current support level lies between 52.30~52.40. Investors who wish to go long could consider buying between 53.50~53.65 in the short-term and setting the stop loss below 53.30.

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

Technical Analysis (Nas100):

The NASDAQ (13th of January) was around 12898.7 this morning. Under 1-hour-chart technical analysis, the candlestick pulled back sharply after surging to the higher resistance level as predicted yesterday (12th). The candlestick is currently rebounding and lying above the middle Bollinger Band. The bands are facing upwards, so it is likely to rebound.

Currently, the short-swing upper resistance level lies between 13000.0~13020.0. The current support level lies between 12860.0~12880.0. Investors who wish to go long could consider buying between 12910.0~12930.0 in the short-term and setting the stop loss below 12880.0.

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

Economic Calendar (13th of January)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.18:00EURIndustrial Production (MoM) (Nov)★★
2.21:30USDCPI (MoM) (Dec)★★
3.23:30USDEIA Refinery Crude Runs (WoW)

(Importance: maximum three stars ★★★)

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