Technical Analysis (XAUUSD)

The Forex trading technical analysis for the price of gold (28th of January) reveals it was around 1843.9 USD/Ounce early today. Under 1-hour-chart technical analysis, the candlestick pulled back sharply as predicted yesterday (27th). The candlestick is currently between the middle and lower Bollinger Bands. The bands are facing downwards and expanding, so it is likely to continue dropping.

Currently, the short-swing upper resistance level lies between 1843.0~1846.0. The current support level lies between 1825.0~1828.0. Investors who wish to sell short could consider selling between 1837.0~1840.0 in the short-term and setting the stop loss above 1843.0.

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

Technical Analysis (EURUSD):

The price of EUR/USD (28th of January) was around 1.21077 early today. Under 1-hour-chart technical analysis, the candlestick plummeted yesterday (27th). The candlestick 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 1.21300~1.21400. The current support level lies between 1.20600~1.20700. Investors who wish to sell short could consider selling between 1.21000~1.21050 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 (28th of January) was around 1.36919 early today. Under 1-hour-chart technical analysis, the candlestick pulled back sharply as predicted yesterday (27th), it is currently showing a bearish sign. The bands are facing downwards, so it is likely to continue declining.

Currently, the short-swing upper resistance level lies between 1.37000~1.37100. The current support level lies between 1.36100~1.36200. Investors who wish to sell short could consider selling between 1.36700~1.36800 in the short-term and setting the stop loss above 1.36950.

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

Technical Analysis (AUDUSD):

The price of AUD/USD (28th of January) was around 0.76601 early today. Under 1-hour-chart technical analysis, the candlestick plummeted yesterday (27th), 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 0.76700~0.76800. The current support level lies between 0.76000~0.76100. Investors who wish to sell short could consider selling between 0.76350~0.76400 in the short-term and setting the stop loss above 0.76450.

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

Technical Analysis (USOUSD):

The price of USO/USD (28th of January) was around 52.59 this morning. Under 1-hour-chart technical analysis, the candlestick pulled back as predicted yesterday (27th), it is currently rebounding and lying between the middle and lower Bollinger Bands. The bands are facing downwards, so it is likely to drop 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 52.70~52.80 in the short-term and setting the stop loss above 52.95.

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

Technical Analysis (Nas100):

The NASDAQ (28th of January) was around 13044.0 this morning. Under 1-hour-chart technical analysis, the candlestick plummeted as predicted yesterday (27th), it is currently rebounding from deep and fluctuating below 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 13280.0~13300.0. The current support level lies between 12900.0~12920.0. Investors who wish to sell short could consider selling between 13150.0~13180.0 in the short-term and setting the stop loss above 13230.0.

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

Economic Calendar (28th of January)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.08:00CHFTrade Balance (Dec)
2.11:00EURIndustrial Sentiment (Jan)
3.11:00EURConsumer Confidence (Jan)
4.11:00EURBusiness Climate (Jan)
5.14:00EURGerman CPI (YoY) (Jan)
6.14:30USDInitial Jobless Claims★★★
7.14:30USDGDP (QoQ) (Q4)★★★
8.14:30USDReal Consumer Spending (Q4)
9.14:30USDCore PCE Prices (Q4)
10.16:00USDNew Home Sales (Dec)★★★
11.16:00USDUS Leading Index (MoM) (Dec)
12.16:30USDNatural Gas Storage

(Importance: maximum three stars ★★★)

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