Technical Analysis (XAUUSD)

The Forex trading technical analysis reveals that the price of gold (27th of January) was around 1850.5 USD/Ounce early today. Under 1-hour-chart technical analysis, the candlestick surged as predicted yesterday (26th), it is currently pulling back and lying between the middle and lower Bollinger Bands. The bands are facing downwards, so it is likely to continue declining.

Currently, the short-swing upper resistance level lies between 1853.0~1855.0. The current support level lies between 1832.0~1834.0. Investors who wish to sell short could consider selling between 1848.0~1850.0 in the short-term and setting the stop loss above 1853.0.

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

Technical Analysis (EURUSD):

The price of EUR/USD (27th of January) was around 1.21601 early today. Under 1-hour-chart technical analysis, the candlestick declined from high as predicted yesterday (26th), it 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 1.21800~1.21900. The current support level lies between 1.21300~1.21400. Investors who wish to go long could consider buying between 1.21500~1.21550 in the short-term and setting the stop loss below 1.21400.

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

Technical Analysis (GBPUSD):

The price of GBP/USD (27th of January) was around 1.37334 early today. Under 1-hour-chart technical analysis, the candlestick pulled back sharply as predicted yesterday (26th), then it rebounded from the bottom. The candlestick is currently fluctuating slightly in the high point, so it is likely to go down.

Currently, the short-swing upper resistance level lies between 1.37500~1.37600. The current support level lies between 1.36800~1.36900. Investors who wish to sell short could consider selling between 1.37350~1.37450 in the short-term and setting the stop loss above 1.37550.

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

Technical Analysis (AUDUSD):

The price of AUD/USD (27th of January) was around 0.77447 early today. Under 1-hour-chart technical analysis, the candlestick fell as predicted yesterday (26th), it is currently rebounding sharply 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 0.77650~0.77700. The current support level lies between 0.77150~0.77200. Investors who wish to go long could consider buying between 0.77330~0.77380 in the short-term and setting the stop loss below 0.77250.

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

Technical Analysis (USOUSD):

The price of USO/USD (27th of January) was around 52.71 this morning. Under 1-hour-chart technical analysis, the candlestick surged as predicted yesterday (26th), 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 53.20~53.30. The current support level lies between 51.80~51.90. Investors who wish to sell short could consider selling between 52.75~52.85 in the short-term and setting the stop loss above 53.00.

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

Technical Analysis (Nas100):

The NASDAQ (27th of January) was around 13567.8 this morning. Under 1-hour-chart technical analysis, the candlestick rebounded again yesterday (26th), it is currently fluctuating above the middle Bollinger Band. The bands are contracting, so it is likely to decline again.

Currently, the short-swing upper resistance level lies between 13630.0~13650.0. The current support level lies between 13440.0~13460.0. Investors who wish to sell short could consider selling between 13570.0~13590.0 in the short-term and setting the stop loss above 13620.0.

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

Economic Calendar (27th of January)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.01:30AUDCPI (YoY) (Q4)★★
2.08:00EURGfk German Consumer Climate (Feb)★★
3.10:00CHFZEW Expectations (Jan)
4.14:30USDDurable Goods Orders (MoM) (Dec)★★
5.16:30USDEIA Refinery Crude Runs (WoW)

(Importance: maximum three stars ★★★)

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