Technical Analysis (XAUUSD)

The Forex trading technical analysis reveals the price of gold (18th of January) was around 1828.7 USD/Ounce early today. Under 1-hour-chart technical analysis, it plummeted after a slight rebound to the resistance level last Friday (15th). The candlestick is currently fluctuating in the middle Bollinger Band, it is also rebounding from deep, so it is likely to continue rebounding.

Currently, the short-swing upper resistance level lies between 1843.0~1846.0. The current support level lies between 1810.0~1813.0. Investors who wish to go long could consider buying between 1820.0~1823.0 in the short-term and setting the stop loss below 1815.0.

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

Technical Analysis (EURUSD):

The price of EUR/USD (18th of January) was around 1.20772 early today. Under 1-hour-chart technical analysis, the candlestick plummeted as predicted last Friday (15th). The candlestick is currently lying between the middle and lower Bollinger Bands. 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 1.21200~1.21300. The current support level lies between 1.20400~1.20500. Investors who wish to sell short could consider selling between 1.20900~1.21000 in the short-term and setting the stop loss above 1.21150.

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

Technical Analysis (GBPUSD):

The price of GBP/USD (18th of January) was around 1.35821 early today. Under 1-hour-chart technical analysis,it plummeted as predicted last Friday (15th), dropping below the neckline. The candlestick is currently lying between the middle and lower Bollinger Bands. The bands are facing downwards and expanding, so it is likely to drop again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 1.36100~1.36200. The current support level lies between 1.35100~1.35200. Investors who wish to sell short could consider selling between 1.35900~1.36000 in the short-term and setting the stop loss above 1.36150.

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

Technical Analysis (AUDUSD):

The price of AUD/USD (18th of January) was around 0.77057 early today. Under 1-hour-chart technical analysis, the candlestick plummeted as predicted last Friday (15th), its falling scale expanded after dipping below the neckline. It is currently lying between the middle and lower Bollinger Bands. 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 0.77200~0.77300. The current support level lies between 0.76600~0.77670. Investors who wish to sell short could consider selling between 0.76950~0.77000 in the short-term and setting the stop loss above 0.77100.

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

Technical Analysis (USOUSD):

The price of USO/USD (18th of January) was around 51.88 this morning. Under 1-hour-chart technical analysis, it pulled back after rebounding to the resistance level last Friday (15th), it is currently lying below the middle Bollinger Band. The bands are facing downwards, so it is likely to continue declining.

Currently, the short-swing upper resistance level lies between 52.50~52.60. The current support level lies between 51.00~51.10. Investors who wish to sell short could consider selling between 52.00~52.20 in the short-term and setting the stop loss above 52.35.

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

Technical Analysis (Nas100):

The NASDAQ (18th of January) was around 12789.9 this morning. Under 1-hour-chart technical analysis, the candlestick plummeted as predicted last Friday (15th). The candlestick is currently lying between the middle and lower Bollinger Bands. 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 12830.0~12850.0. The current support level lies between 12650.0~12670.0. Investors who wish to sell short could consider selling between 12770.0~12790.0 in the short-term and setting the stop loss above 12820.0.

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

Economic Calendar (18th of January)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.10:00CHYGDP (QoQ) (Q4)★★

(Importance: maximum three stars ★★★)

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