Technical Analysis (XAUUSD)

The Forex trading technical analysis indicates that the price of gold (22nd of February) was around 1780.9 USD/Ounce early today. Under 1-hour-chart technical analysis, it rebounded from the bottom last Friday (19th), the candlestick 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 1800.0~1803.0. The current support level lies between 1777.0~1780.0. Investors who wish to go long could consider buying between 1786.0~1788.0 in the short-term and setting the stop loss below 1783.0.

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

Technical Analysis (EURUSD):

The price of EUR/USD (22nd of February) was around 1.21228 early today. Under 1-hour-chart technical analysis, the candlestick continued rebounding last Friday (19th), it is currently pulling back and 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 1.21600~1.21700. The current support level lies between 1.21000~1.21100. Investors who wish to sell short could consider selling between 1.21300~1.21350 in the short-term and setting the stop loss above 1.21450.

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

Technical Analysis (GBPUSD):

The price of GBP/USD (22nd of February) was around 1.40116 early today. Under 1-hour-chart technical analysis, it continued rising as predicted last Friday (19th), the candlestick is currently pulling back after surging. The Bollinger Bands are contracting, so it is likely to decline.

Currently, the short-swing upper resistance level lies between 1.40400~1.40500. The current support level lies between 1.39500~1.39600. Investors who wish to sell short could consider selling between 1.40150~1.40250 in the short-term and setting the stop loss above 1.40350.

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

Technical Analysis (AUDUSD):

The price of AUD/USD (22nd of February) was around 0.78694 early today. Under 1-hour-chart technical analysis, it rebounded sharply again after a pullback last Friday (19th), the candlestick is currently pulling back from high and fluctuating around the middle Bollinger Band, so it is likely to decline.

Currently, the short-swing upper resistance level lies between 0.78950~0.79000. The current support level lies between 0.78400~0.78450. Investors who wish to sell short could consider selling between 0.78750~0.78800 in the short-term and setting the stop loss above 0.78900.

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

Technical Analysis (USOUSD):

The price of USO/USD (22nd of February) was around 59.06 this morning. Under 1-hour-chart technical analysis, the candlestick declined as predicted last Friday (19th), it is currently forming a bearish pattern. The bands are facing downwards, so it is likely to continue dropping.

Currently, the short-swing upper resistance level lies between 60.50~60.60. The current support level lies between 58.60~58.70. Investors who wish to sell short could consider selling between 59.90~60.00 in the short-term and setting the stop loss above 60.25.

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

Technical Analysis (Nas100):

The NASDAQ (22nd of February) was around 13603.3 this morning. Under 1-hour-chart technical analysis, the candlestick declined again after rebounding to the resistance level from the bottom, it is currently lying between the middle and lower Bollinger Bands. The bands are facing downwards, so it is likely to continue dropping.

Currently, the short-swing upper resistance level lies between 13610.0~13630.0. The current support level lies between 13460.0~13480.0. Investors who wish to sell short could consider selling between 13550.0~13580.0 in the short-term and setting the stop loss above 13610.0.

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

Economic Calendar (22nd of February)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.10:00EURGerman Ifo Business Climate Index (Feb)★★★
2.16:00USDUS Leading Index (MoM) (Jan)
3.16:30USDDallas Fed Mfg Business Index (Feb)

(Importance: maximum three stars ★★★)

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