Technical Analysis (XAUUSD)

The Forex trading technical analysis for the price of gold (20th of January) reveals it was around 1840.0 USD/Ounce early today. Under 1-hour-chart technical analysis, it continued rebounding as predicted yesterday (19th). 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 1852.0~1855.0. The current support level lies between 1817.0~1820.0. Investors who wish to go long could consider buying between 1842.0~1844.0 in the short-term and setting the stop loss below 1839.0.

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

Technical Analysis (EURUSD):

The price of EUR/USD (20th of January) was around 1.21274 early today. Under 1-hour-chart technical analysis, the candlestick continued rebounding yesterday (19th). The candlestick is currently lying above the middle Bollinger Band. The bands are facing upwards and expanding, so it is likely to rebound again after a pullback.

Currently, the short-swing upper resistance level lies between 1.21700~1.21800. The current support level lies between 1.21200~1.21300. Investors who wish to go long could consider buying between 1.21400~1.21450 in the short-term and setting the stop loss below 1.21300.

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

Technical Analysis (GBPUSD):

The price of GBP/USD (20th of January) was around 1.36318 early today. Under 1-hour-chart technical analysis, it continued rebounding as predicted yesterday (19th). The candlestick is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards and expanding, so it is likely to rebound again after a pullback.

Currently, the short-swing upper resistance level lies between 1.36800~1.36900. The current support level lies between 1.36200~1.36300. Investors who wish to go long could consider buying between 1.36400~1.36450 in the short-term and setting the stop loss below 1.36250.

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

Technical Analysis (AUDUSD):

The price of AUD/USD (20th of January) was around 0.76934 early today. Under 1-hour-chart technical analysis, the candlestick continued rebounding as predicted yesterday (19th), it is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards and expanding, so it is likely to rebound again after a pullback.

Currently, the short-swing upper resistance level lies between 0.77400~0.77500. The current support level lies between 0.76800~0.76900. Investors who wish to go long could consider buying between 0.77100~0.77150 in the short-term and setting the stop loss below 0.77020.

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

Technical Analysis (USOUSD):

The price of USO/USD (20th of January) was around 53.01 this morning. Under 1-hour-chart technical analysis, the candlestick rebounded again after a pullback yesterday (19th), it 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 53.70~53.80. The current support level lies between 52.40~52.50. Investors who wish to go long could consider buying between 53.10~53.20 in the short-term and setting the stop loss below 53.00.

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

Technical Analysis (Nas100):

The NASDAQ (20th of January) was around 13045.6 this morning. Under 1-hour-chart technical analysis, the candlestick is currently rebounding after touching the bottom yesterday (19th). The candlestick currently keeps rising, but it starts to fluctuate around the high point, so it is likely to pull back.

Currently, the short-swing upper resistance level lies between 13090.0~13110.0. The current support level lies between 12970.0~12990.0. Investors who wish to sell short could consider selling between 13050.0~13070.0 in the short-term and setting the stop loss above 13090.0.

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

Economic Calendar (20th of January)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.09:30CHYPBoC Loan Prime Rate★★★
2.15:00EURPPI (MoM) (Dec)★★
3.15:00GBPCPI (MoM) (Dec)★★
4.15:00GBPRPI (MoM) (Dec)
5.18:00EURCPI (YoY) (Dec)★★★
6.18:00EURCPI (MoM) (Dec)★★
7.21:30CADCPI (MoM) (Dec)★★
8.23:00CADBoC Interest Rate Decision★★★
9.23:00USDNAHB Housing Market Index (Jan)

(Importance: maximum three stars ★★★)

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