Technical Analysis (XAUUSD)

The Forex Trading Technical Analysis for the price of gold (26th of January) reveals it was around 1855.5 USD/Ounce early today. Under 1-hour-chart technical analysis, the candlestick pulled back after surging to the resistance level as predicted yesterday (25th), the candlestick rebounded 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 1870.0~1872.0. The current support level lies between 1839.0~1841.0. Investors who wish to go long could consider buying between 1856.0~1858.0 in the short-term and setting the stop loss below 1853.0.

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

Technical Analysis (EURUSD):

The price of EUR/USD (26th of January) was around 1.21418 early today. Under 1-hour-chart technical analysis, the candlestick plummeted after slightly fluctuating around the high point as predicted yesterday (25th), it is currently lying between the middle and lower Bollinger Bands. The bands are facing downwards, so it is likely to drop again after dipping below the middle band.

Currently, the short-swing upper resistance level lies between 1.21600~1.21700. The current support level lies between 1.21100~1.21200. Investors who wish to sell short could consider selling between 1.21400~1.21460 in the short-term and setting the stop loss above 1.21600.

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

Technical Analysis (GBPUSD):

The price of GBP/USD (26th of January) was around 1.36730 early today. Under 1-hour-chart technical analysis, it declined sharply after rebounding to the resistance level as predicted yesterday (25th). The candlestick is currently lying below the middle Bollinger Band. The bands are facing downwards, so it is likely to continue dropping after falling below the middle band.

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 sell short could consider selling between 1.36650~1.36700 in the short-term and setting the stop loss above 1.36800.

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

Technical Analysis (AUDUSD):

The price of AUD/USD (26th of January) was around 0.77129 early today. Under 1-hour-chart technical analysis, the candlestick pulled back as predicted yesterday (25th), it 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 0.77300~0.77400. The current support level lies between 0.76600~0.76700. Investors who wish to sell short could consider selling between 0.77000~0.77050 in the short-term and setting the stop loss above 0.77150.

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

Technical Analysis (USOUSD):

The price of USO/USD (26th of January) was around 52.87 this morning. Under 1-hour-chart technical analysis, the candlestick rebounded again after a pullback yesterday (25th), 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 53.30~53.40. The current support level lies between 51.80~51.90. Investors who wish to go long could consider buying between 52.15~52.25 in the short-term and setting the stop loss below 52.65.

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

Technical Analysis (Nas100):

The NASDAQ (26th of January) was around 13470.1 this morning. Under 1-hour-chart technical analysis, the candlestick plummeted after surging to the resistance level as predicted yesterday (25th), then it rebounded from deep. The candlestick is currently fluctuating around the middle Bollinger Band. The bands are facing downwards, so it is likely to decline.

Currently, the short-swing upper resistance level lies between 13510.0~13530.0. The current support level lies between 13300.0~13320.0. Investors who wish to sell short could consider selling between 13440.0~13460.0 in the short-term and setting the stop loss above 13490.0.

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

Economic Calendar (26th of January)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.08:00GBPEmployment Change 3M/3M (MoM) (Nov)★★
2.08:00GBPUnemployment Rate (Nov)★★
3.08:00GBPClaimant Count Change (Dec)★★★
4.12:00GBPCBI Distributive Trades Survey (Jan)
5.15:00USDHouse Price Index (MoM) (Nov)
6.15:00USDS&P/CS HPI Composite n.s.a. (YoY) (Nov)★★
7.16:00USDCB Consumer Confidence (Jan)★★★
8.16:00USDRichmond Manufacturing Index (Jan)

(Importance: maximum three stars ★★★)

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