Technical Analysis (XAUUSD)

The Forex trading technical analysis indicates the price of gold (25th of February) was around 1804.9 USD/Ounce early today. Under 1-hour-chart technical analysis, it pulled back sharply after reaching the higher resistance level as predicted yesterday (24th). The candlestick 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 1806.0~1808.0. The current support level lies between 1786.0~1788.0. Investors who wish to sell short could consider selling between 1801.0~1803.0 in the short-term and setting the stop loss above 1806.0.

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

Technical Analysis (EURUSD):

The price of EUR/USD (25th of February) was around 1.21647 early today. Under 1-hour-chart technical analysis, the candlestick pulled back sharply again as predicted yesterday (24th), it is currently rising again after the pullback. The Bollinger Bands are flattening, so it is likely to decline again after dropping below the support level of the middle band.

Currently, the short-swing upper resistance level lies between 1.21800~1.21900. The current support level lies between 1.21200~1.21300. Investors who wish to sell short could consider selling between 1.21600~1.21650 in the short-term and setting the stop loss above 1.21750.

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

Technical Analysis (GBPUSD):

The price of GBP/USD (25th of February) was around 1.41403 early today. Under 1-hour-chart technical analysis, it pulled back sharply after skyrocketing as predicted yesterday (24th), then it went up again. The candlestick is currently forming a bearish pattern, so it is likely to drop again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 1.41600~1.41700. The current support level lies between 1.40800~1.40900. Investors who wish to sell short could consider selling between 1.41350~1.41450 in the short-term and setting the stop loss above 1.41550.

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

Technical Analysis (AUDUSD):

The price of AUD/USD (25th of February) was around 0.79623 early today. Under 1-hour-chart technical analysis, it pulled back yesterday (24th), then it bounced back again. The candlestick is currently fluctuating slightly in the swing high, so it is likely to decline again.

Currently, the short-swing upper resistance level lies between 0.79800~0.79900. The current support level lies between 0.79300~0.79400. Investors who wish to sell short could consider selling between 0.79650~0.79700 in the short-term and setting the stop loss above 0.79780.

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

Technical Analysis (USOUSD):

The price of USO/USD (25th of February) was around 63.45 this morning. Under 1-hour-chart technical analysis, the candlestick pulled back slightly yesterday (24th), then it rebounded again. The candlestick is currently forming a bullish pattern. The bands continuing facing upwards, so it is likely to rebound.

Currently, the short-swing upper resistance level lies between 64.00~64.10. The current support level lies between 62.20~62.30. Investors who wish to go long could consider buying between 62.80~62.95 in the short-term and setting the stop loss below 62.50.

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

Technical Analysis (Nas100):

The NASDAQ (25th of February) was around 13305.0 this morning. Under 1-hour-chart technical analysis, the candlestick declined sharply after surging to the resistance level as predicted yesterday (24th), then it rebounded from the bottom. It is currently lying above the middle Bollinger Band. The bands are facing upwards, so it is likely to rebound.

Currently, the short-swing upper resistance level lies between 13400.0~13420.0. The current support level lies between 13050.0~13070.0. Investors who wish to go long could consider buying between 13220.0~13250.0 in the short-term and setting the stop loss below 13180.0.

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

Economic Calendar (25th of February)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.08:00EURGfk German Consumer Climate (Mar)★★
2.11:00EURIndustrial Sentiment (Feb)
3.11:00EURConsumer Confidence (Feb)
4.14:30USDInitial Jobless Claims★★★
5.14:30USD (%) GDP (QoQ) (Q4)★★★
6.14:30USDDurable Goods Orders (MoM) (Jan)★★
7.16:00USDPending Home Sales (MoM)(Jan)★★★
8.16:30USDNatural Gas Storage

(Importance: maximum three stars ★★★)

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