Technical Analysis (XAUUSD)

The Forex trading technical analysis indicates that the price of gold (10th of February) was around 1838.3 USD/Ounce early today. Under 1-hour-chart technical analysis, the candlestick continued rebounding as predicted yesterday (9th), it is currently pulling back and fluctuating around the middle Bollinger Band. The bands continue facing upwards and expanding, so it is likely to rebound again after a pullback.

Currently, the short-swing upper resistance level lies between 1857.0~1860.0. The current support level lies between 1828.0~1831.0. Investors who wish to go long could consider buying between 1839.0~1841.0 in the short-term and setting the stop loss below 1836.5.

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

Technical Analysis (EURUSD):

The price of EUR/USD (10th of February) was around 1.21186 early today. Under 1-hour-chart technical analysis, the candlestick rebounded again after a pullback as predicted yesterday (9th), 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 1.21400~1.21500. The current support level lies between 1.20700~1.20800. Investors who wish to go long could consider buying between 1.21150~1.21200 in the short-term and setting the stop loss below 1.21000.

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

Technical Analysis (GBPUSD):

The price of GBP/USD (10th of February) was around 1.38118 early today. Under 1-hour-chart technical analysis, the candlestick rebounded sharply again after a pullback as predicted yesterday (9th), 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 1.38500~1.38600. The current support level lies between 1.37800~1.37900. Investors who wish to go long could consider buying between 1.38150~1.38200 in the short-term and setting the stop loss below 1.38050.

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

Technical Analysis (AUDUSD):

The price of AUD/USD (10th of February) was around 0.77328 early today. Under 1-hour-chart technical analysis, the candlestick rebounded again after a pullback as predicted yesterday (9th), it is currently fluctuating around the middle Bollinger Band. The bands are contracting, so it is likely to pullback.

Currently, the short-swing upper resistance level lies between 0.77450~0.77500. The current support level lies between 0.77000~0.77050. Investors who wish to sell short could consider selling between 0.77300~0.77350 in the short-term and setting the stop loss above 0.77430.

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

Technical Analysis (USOUSD):

The price of USO/USD (10th of February) was around 58.40 this morning. Under 1-hour-chart technical analysis, the candlestick surged again as predicted yesterday (9th), it is currently pulling back and fluctuating around the middle Bollinger Band. The bands are contracting, so it is likely to make a pullback.

Currently, the short-swing upper resistance level lies between 58.70~58.80. The current support level lies between 57.20~57.30. Investors who wish to sell short could consider selling between 58.20~58.30 in the short-term and setting the stop loss above 58.45.

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

Technical Analysis (Nas100):

The NASDAQ (10th of February) was around 13706.0 this morning. Under 1-hour-chart technical analysis, the candlestick fluctuated slightly after making a small rebound to the resistance level yesterday (9th), it is currently fluctuating around the middle Bollinger Band, so it is likely to decline after dropping below the middle band.

Currently, the short-swing upper resistance level lies between 13780.0~13800.0. The current support level lies between 13560.0~13580.0. Investors who wish to sell short could consider selling between 13750.0~13770.0 in the short-term and setting the stop loss above 13800.0.

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

Economic Calendar (10th of February)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.02:30CHYCPI (YoY) (Jan)★★
2.08:00EURGerman CPI (MoM) (Jan)★★
3.08:45EURFrench Industrial Production (MoM) (Dec)
4.14:30USDCPI (MoM) (Jan)★★
5.16:00USDWholesale Trade Sales (MoM) (Dec)
6.16:30USDEIA Refinery Crude Runs (WoW)

(Importance: maximum three stars ★★★)

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