Technical Analysis (XAUUSD)

The price of gold (25th of January) was around 1855.9 USD/Ounce early today. Under 1-hour-chart technical analysis, the candlestick plummeted after surging to the resistance level last Friday (22nd), it is currently fluctuating around the middle Bollinger Band. The bands are facing downwards, so it is likely to decline again.

Currently, the short-swing upper resistance level lies between 1861.0~1863.0. The current support level lies between 1838.0~1840.0. Investors who wish to sell short could consider selling between 1854.0~1856.0 in the short-term and setting the stop loss above 1860.0.

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

Technical Analysis (EURUSD):

The price of EUR/USD (25th of January) was around 1.21663 early today. Under 1-hour-chart technical analysis, the candlestick fluctuated slightly around the high point after a surge last Friday (22nd). The candlestick is currently fluctuating around the middle Bollinger Band. The bands are staying flat, so it is likely to decline again after dropping below the middle Bollinger Band.

Currently, the short-swing upper resistance level lies between 1.21900~1.22000. The current support level lies between 1.21300~1.21400. Investors who wish to sell short could consider selling between 1.21700~1.21800 in the short-term and setting the stop loss above 1.21950.

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

Technical Analysis (GBPUSD):

The price of GBP/USD (25th of January) was around 1.36786 early today. Under 1-hour-chart technical analysis, it rebounded after falling deep last Friday (22nd), the candlestick is currently fluctuating around the middle Bollinger Band, so it is likely to drop after tumbling below the support level of the middle Bollinger Band again.

Currently, the short-swing upper resistance level lies between 1.37200~1.37300. The current support level lies between 1.36300~1.36400. Investors who wish to sell short could consider selling between 1.37050~1.37150 in the short-term and setting the stop loss above 1.37250.

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

Technical Analysis (AUDUSD):

The price of AUD/USD (25th of January) was around 0.77078 early today. Under 1-hour-chart technical analysis, the candlestick pulled back as predicted last Friday (22nd), it is currently rebounding and lying between the middle and upper Bollinger Bands. The bands are facing upwards and expanding, so it is likely to rebound again after making a small retracement.

Currently, the short-swing upper resistance level lies between 0.77500~0.77600. The current support level lies between 0.77000~0.77100. Investors who wish to go long could consider buying between 0.77300~0.77350 in the short-term and setting the stop loss below 0.77220.

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

Technical Analysis (USOUSD):

The price of USO/USD (25th of January) was around 52.11 this morning. Under 1-hour-chart technical analysis, the candlestick pulled back again after rebounding to the resistance level as predicted last Friday (22nd), 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 52.50~52.60. The current support level lies between 51.10~51.20. Investors who wish to sell short could consider selling between 52.15~52.25 in the short-term and setting the stop loss above 52.40.

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

Technical Analysis (Nas100):

The NASDAQ (25th of January) was around 13388.9 this morning. Under 1-hour-chart technical analysis, the candlestick rose sharply again after making a small retracement last Friday (22nd), it is currently lying between the middle and upper Bollinger Bands. However, the bands are not expanding, so it is likely to fall.

Currently, the short-swing upper resistance level lies between 13500.0~13520.0. The current support level lies between 13320.0~13340.0. Investors who wish to sell short could consider selling between 13440.0~13470.0 in the short-term and setting the stop loss above 13500.0.

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

Economic Calendar (25th of January)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.10:00EURGerman Ifo Business Climate Index (Jan)★★★
2.16:30USDDallas Fed Mfg Business Index (Jan)

(Importance: maximum three stars ★★★)

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