Technical Analysis (XAUUSD)

The Forex trading technical analysis indicates that the price of gold (9th of February) was around 1830.4 USD/Ounce early today. Under 1-hour-chart technical analysis, the candlestick continued rebounding as predicted yesterday (8th), it is currently lying between the middle and upper Bollinger Bands. The bands continue facing upwards, so it is likely to rebound again after a pullback.

Currently, the short-swing upper resistance level lies between 1844.0~1847.0. The current support level lies between 1819.0~1822.0. Investors who wish to go long could consider buying between 1830.0~1833.0 in the short-term and setting the stop loss below 1826.5.

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

Technical Analysis (EURUSD):

The price of EUR/USD (9th of February) was around 1.20506 early today. Under 1-hour-chart technical analysis, the candlestick rebounded again after a pullback as predicted yesterday (8th), 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 1.20900~1.21000. The current support level lies between 1.20200~1.20300. Investors who wish to go long could consider buying between 1.20500~1.20600 in the short-term and setting the stop loss below 1.20400.

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

Technical Analysis (GBPUSD):

The price of GBP/USD (9th of February) was around 1.37384 early today. Under 1-hour-chart technical analysis, the candlestick rebounded sharply again after a pullback as predicted yesterday (8th), it is currently lying between the middle and upper Bollinger Bands. The bands continue facing upwards, so it is likely to continue rebounding.

Currently, the short-swing upper resistance level lies between 1.37800~1.37900. The current support level lies between 1.37200~1.37300. Investors who wish to go long could consider buying between 1.37500~1.37600 in the short-term and setting the stop loss below 1.37400.

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

Technical Analysis (AUDUSD):

The price of AUD/USD (9th of February) was around 0.77031 early today. Under 1-hour-chart technical analysis, the candlestick rebounded again after a pullback as predicted yesterday (8th), 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 0.77000~0.77100. Investors who wish to go long could consider buying between 0.77150~0.77200 in the short-term and setting the stop loss below 0.77050.

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

Technical Analysis (USOUSD):

The price of USO/USD (9th of February) was around 58.08 this morning. Under 1-hour-chart technical analysis, the candlestick surged again as predicted yesterday (8th), it is currently lying between the middle and upper Bollinger Bands. The bands continue facing upwards and expanding, so it is likely to rise again after a pullback.

Currently, the short-swing upper resistance level lies between 58.90~59.10. The current support level lies between 56.90~57.10. Investors who wish to go long could consider buying between 58.20~58.30 in the short-term and setting the stop loss below 57.90.

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

Technical Analysis (Nas100):

The NASDAQ (9th of February) was around 13694.4 this morning. Under 1-hour-chart technical analysis, the candlestick fluctuated slightly after surging to the resistance level yesterday (8th), it is currently fluctuating around the middle Bollinger Band, so it is likely to drop after falling below the middle band.

Currently, the short-swing upper resistance level lies between 13730.0~13760.0. The current support level lies between 13530.0~13560.0. Investors who wish to sell short could consider selling between 13670.0~13690.0 in the short-term and setting the stop loss above 13710.0.

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

Economic Calendar (09th of February)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.08:00EURGerman Current Account Balance n.s.a. (Dec)
2.08:00EURGerman Trade Balance (Dec)★★
3.12:00USDNFIB Small Business Optimism (Jan)

(Importance: maximum three stars ★★★)

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