Technical Analysis (XAUUSD)

The Forex trading technical analysis indicates the price of gold (19th of February) was around 1775.7 USD/Ounce early today. Under 1-hour-chart technical analysis, it continued dropping sharply yesterday (18th), the candlestick is currently lying between the middle and lower Bollinger Bands. The bands are facing downwards and expanding, so it is likely to decline again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 1786.0~1788.0. The current support level lies between 1758.0~1760.0. Investors who wish to sell short could consider selling between 1772.0~1774.0 in the short-term and setting the stop loss above 1777.0.

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

Technical Analysis (EURUSD):

The price of EUR/USD (19th of February) was around 1.20899 early today. Under 1-hour-chart technical analysis, the candlestick rebounded sharply after a pullback as predicted yesterday (18th), it is currently fluctuating around 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 1.21100~1.21200. The current support level lies between 1.20600~1.20700. Investors who wish to go long could consider buying between 1.20800~1.20850 in the short-term and setting the stop loss below 1.20700.

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

Technical Analysis (GBPUSD):

The price of GBP/USD (19th of February) was around 1.39689 early today. Under 1-hour-chart technical analysis, it skyrocketed after a pullback as predicted yesterday (18th), the candlestick is currently fluctuating slightly after surging, so it is likely to pullback.

Currently, the short-swing upper resistance level lies between 1.39750~1.39800. The current support level lies between 1.39200~1.39300. Investors who wish to sell short could consider selling between 1.38600~1.38700 in the short-term and setting the stop loss above 1.38780.

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

Technical Analysis (AUDUSD):

The price of AUD/USD (19th of February) was around 0.77664 early today. Under 1-hour-chart technical analysis, the candlestick rebounded after a pullback as predicted yesterday (18th), it is currently fluctuating around the middle Bollinger Band, so it is likely to decline again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 0.77800~0.77850. The current support level lies between 0.77400~0.77450. Investors who wish to sell short could consider selling between 0.77650~0.77690 in the short-term and setting the stop loss above 0.77750.

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

Technical Analysis (USOUSD):

The price of USO/USD (19th of February) was around 60.16 this morning. Under 1-hour-chart technical analysis, the candlestick plummeted yesterday (18th), it has formed a bearish pattern. The bands are facing downwards and expanding, so it is likely to continue dropping.

Currently, the short-swing upper resistance level lies between 60.10~60.20. The current support level lies between 58.40~58.50. Investors who wish to sell short could consider selling between 59.40~59.50 in the short-term and setting the stop loss above 59.70.

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

Technical Analysis (Nas100):

The NASDAQ (19th of February) was around 13640.1 this morning. Under 1-hour-chart technical analysis, the candlestick declined again after rebounding to the resistance level from the bottom yesterday (18th), it 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 13610.0~13630.0. The current support level lies between 13470.0~13490.0. Investors who wish to sell short could consider selling between 13570.0~13590.0 in the short-term and setting the stop loss above 13630.0.

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

Economic Calendar (19th of February)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.00:30JPYNational CPI (YoY) (Jan)
2.07:01GBPGfk Consumer Confidence (Feb)
3.08:00EURGerman PPI (MoM) (Jan)★★
4.08:00GBPRetail Sales (MoM) (Jan)★★★
5.08:45EURFrench CPI (MoM) (Jan)★★
6.09:15EURFrench Manufacturing PMI (Feb)★★
7.09:30EURGerman Manufacturing PMI (Feb)★★★
8.10:00EURManufacturing PMI (Feb)★★
9.10:00EURCurrent Account n.s.a. (Dec)
10.10:30GBPManufacturing PMI★★★
11.10:30GBPServices PMI★★★
12.12:00GBPCBI Industrial Trends Orders (Feb)★★
13.14:30CADRetail Sales (MoM) (Dec)★★
14.15:45USDManufacturing PMI (Feb)★★
15.15:45USDServices PMI (Feb)★★
16.16:00USDExisting Home Sales (Jan)★★★

(Importance: maximum three stars ★★★)

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