Technical Analysis (XAUUSD)

The Forex trading technical analysis for the price of gold (14th of January) reveals it was around 1846.3 USD/Ounce early today. Under 1-hour-chart technical analysis, it pulled back again after rebounding to the resistance level yesterday (13th). The candlestick is currently lying between the middle and lower Bollinger Bands. The bands are facing downwards, so it is likely to go down again.

Currently, the short-swing upper resistance level lies between 1863.0~1865.0. The current support level lies between 1823.0~1825.0. Investors who wish to sell short could consider selling between 1850.0~1853.0 in the short-term and setting the stop loss above 1856.0.

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

Technical Analysis (EURUSD):

The price of EUR/USD (14th of January) was around 1.21559 early today. Under 1-hour-chart technical analysis, the candlestick pulled back sharply after surging to the resistance level yesterday (13th). The candlestick is currently fluctuating around the middle Bollinger Band after rebounding from the bottom. The bands are facing upwards, so it is likely to rebound.

Currently, the short-swing upper resistance level lies between 1.22000~1.22100. The current support level lies between 1.21300~1.21400. Investors who wish to go long could consider buying between 1.21650~1.21700 in the short-term and setting the stop loss below 1.21500.

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

Technical Analysis (GBPUSD):

The price of GBP/USD (14th of January) was around 1.36364 early today. Under 1-hour-chart technical analysis, it pulled back yesterday (13th). The candlestick is currently rebounding and 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 1.36650~1.36750. The current support level lies between 1.36000~1.36100. Investors who wish to sell short could consider selling between 1.36450~1.36550 in the short-term and setting the stop loss above 1.36650.

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

Technical Analysis (AUDUSD):

The price of AUD/USD (14th of January) was around 0.77315 early today. Under 1-hour-chart technical analysis, the candlestick reversed sharply due to the sharp rebound of the USD yesterday (13th), it 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 0.77550~0.77650. The current support level lies between 0.77000~0.77100. Investors who wish to sell short could consider selling between 0.77450~0.77530 in the short-term and setting the stop loss above 0.77600.

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

Technical Analysis (USOUSD):

The price of USO/USD (14th of January) was around 52.80 this morning. Under 1-hour-chart technical analysis, it pulled back after a rebound yesterday (13th), it continued to go down after dropping below the middle Bollinger Band. The bands are 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 53.50~53.60. The current support level lies between 51.40~51.50. Investors who wish to sell short could consider selling between 52.80~52.90 in the short-term and setting the stop loss above 53.05.

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

Technical Analysis (Nas100):

The NASDAQ (14th of January) was around 12990.6 this morning. Under 1-hour-chart technical analysis, the candlestick rebounded after a pullback as predicted yesterday (13th), it is currently rebounding and lying above 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 13110.0~13130.0. The current support level lies between 12920.0~12940.0. Investors who wish to go long could consider buying between 13000.0~13020.0 in the short-term and setting the stop loss below 12970.0.

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

Economic Calendar (14th of January)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.03:09CHYTrade Balance (USD) (Dec)★★★
2.10:00EURGerman GDP (QoQ)★★★
3.14:30USDInitial Jobless Claims
4.14:30USDImport Price Index (MoM) (Dec)★★
5.16:30USDNatural Gas Storage

(Importance: maximum three stars ★★★)

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