Technical Analysis (XAUUSD)

The Forex trading technical analysis for the price of gold (15th of January) reveals it was around 1846.6 USD/Ounce early today. Under 1-hour-chart technical analysis, it rebounded after a small retracement yesterday (14th). The candlestick is currently lying between the middle and upper Bollinger Bands The bands are facing upwards, so it is likely to continue rebounding.

Currently, the short-swing upper resistance level lies between 1868.0~1870.0. The current support level lies between 1820.0~1822.0. Investors who wish to go long could consider buying between 1850.0~1853.0 in the short-term and setting the stop loss below 1846.0.

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

Technical Analysis (EURUSD):

The price of EUR/USD (15th of January) was around 1.21512 early today. Under 1-hour-chart technical analysis, the candlestick rebounded after touching the bottom as predicted yesterday (14th), it is currently pulling back and fluctuating around the middle Bollinger Band. 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 1.21800~1.21900. The current support level lies between 1.21100~1.21200. Investors who wish to sell short could consider selling between 1.21450~1.21550 in the short-term and setting the stop loss above 1.21650.

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

Technical Analysis (GBPUSD):

The price of GBP/USD (15th of January) was around 1.36852 early today. Under 1-hour-chart technical analysis, it pulled back after surging as predicted yesterday (14th). The candlestick is currently rebounding and 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 1.37100~1.37200. The current support level lies between 1.36200~1.36300. Investors who wish to go long could consider buying between 1.36600~1.36680 in the short-term and setting the stop loss below 1.36480.

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

Technical Analysis (AUDUSD):

The price of AUD/USD (15th of January) was around 0.77762 early today. Under 1-hour-chart technical analysis, the candlestick rebounded sharply after a pullback yesterday (14th), and also breaking out the high point, it is currently lying below the middle Bollinger Band again after a pullback. 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 0.77900~0.77950. The current support level lies between 0.77300~0.77350. Investors who wish to sell short could consider selling between 0.77650~0.77720 in the short-term and setting the stop loss above 0.77800.

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

Technical Analysis (USOUSD):

The price of USO/USD (15th of January) was around 53.72 this morning. Under 1-hour-chart technical analysis, it pulled back sharply after rebounding to the resistance level as predicted yesterday (14th), the candlestick 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 54.20~54.30. The current support level lies between 52.70~52.80. Investors who wish to go long could consider buying between 53.30~53.40 in the short-term and setting the stop loss below 53.10.

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

Technical Analysis (Nas100):

The NASDAQ (15th of January) was around 12924.5 this morning. Under 1-hour-chart technical analysis, the candlestick rebounded after a pullback as predicted yesterday (14th), it is currently lying between the middle and lower Bollinger Bands. The bands are facing downwards, so it is likely to drop again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 13000.0~13010.0. The current support level lies between 12790.0~12800.0. Investors who wish to sell short could consider selling between 12930.0~12950.0 in the short-term and setting the stop loss above 12980.0.

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

Economic Calendar (15th of January)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.15:00GBPMonthly GDP 3M/3M Change★★★
2.15:00GBPManufacturing Production (MoM) (Nov)★★★
3.15:00GBPTrade Balance (Nov)★★
4.15:00GBPIndustrial Production (MoM) (Nov)
5.15:45EURFrench CPI (MoM) (Dec)★★
6.18:00EURTrade Balance (Nov)★★
7.21:30USDRetail Sales (MoM) (Dec)★★★
8.21:30USDPPI (MoM) (Dec)★★★
9.21:30USDNY Empire State Manufacturing Index (Jan)★★
10.22:15USDIndustrial Production (MoM) (Dec)★★
11.23:00USDBusiness Inventories (MoM) (Dec)
12.23:00USDMichigan Consumer Sentiment (Jan)★★

(Importance: maximum three stars ★★★)

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