Technical Analysis (XAUUSD)

The Forex trading technical analysis indicates the price of gold (26th of February) was around 1769.8 USD/Ounce early today. Under 1-hour-chart technical analysis, it fell sharply sharply again from the swing high after rebounding to the resistance level as predicted yesterday (25th), the candlestick is currently standing above the 5-day and the 10-day MA. The Bollinger Bands are facing upwards, so it is likely to rebound.

Currently, the short-swing upper resistance level lies between 1787.0~1789.0. The current support level lies between 1765.0~1767.0. Investors who wish to go long could consider buying between 1773.0~1775.0 in the short-term and setting the stop loss below 1770.0.

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

Technical Analysis (EURUSD):

The price of EUR/USD (26th of February) was around 1.21825 early today. Under 1-hour-chart technical analysis, the candlestick pulled back sharply again as predicted yesterday (25th), the candlestick is currently rebounding from deep. The bands are facing upwards, so it is likely to rebound.

Currently, the short-swing upper resistance level lies between 1.22000~1.22100. The current support level lies between 1.21500~1.21600. Investors who wish to go long could consider buying between 1.21700~1.21800 in the short-term and setting the stop loss below 1.21600.

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

Technical Analysis (GBPUSD):

The price of GBP/USD (26th of February) was around 1.40107 early today. Under 1-hour-chart technical analysis, it declined sharply again as predicted yesterday (25th), then it rebounded from deep. The candlestick is currently forming a bearish pattern, so it is likely to decline again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 1.40700~1.40800. The current support level lies between 1.39500~1.39600. Investors who wish to sell short could consider selling between 1.40400~1.40500 in the short-term and setting the stop loss above 1.40650.

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

Technical Analysis (AUDUSD):

The price of AUD/USD (26th of February) was around 0.78751 early today. Under 1-hour-chart technical analysis, it dropped sharply as predicted yesterday (25th), the candlestick is currently rebounding from deep, so it is likely to decline again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 0.79150~0.79200. The current support level lies between 0.77900~0.77950. Investors who wish to sell short could consider selling between 0.78800~0.78850 in the short-term and setting the stop loss above 0.78950.

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

Technical Analysis (USOUSD):

The price of USO/USD (26th of February) was around 63.48 this morning. Under 1-hour-chart technical analysis, the candlestick rebounded again after a pullback as predicted yesterday (25th). The candlestick is currently showing a bearish pattern. The Bollinger Bands are contracting, so it is likely to pull back.

Currently, the short-swing upper resistance level lies between 63.90~64.00. The current support level lies between 62.00~62.10. Investors who wish to sell short could consider buying between 63.35~63.45 in the short-term and setting the stop loss above 63.60.

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

Technical Analysis (Nas100):

The NASDAQ (26th of February) was around 12796.4 this morning. Under 1-hour-chart technical analysis, the candlestick plummeted after surging to the resistance level yesterday (25th), it is currently standing above the 5-day and 10-day MA, so it is likely to rebound.

Currently, the short-swing upper resistance level lies between 13070.0~13090.0. The current support level lies between 12720.0~12740.0. Investors who wish to go long could consider buying between 12800.0~12820.0 in the short-term and setting the stop loss below 12770.0.

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

Economic Calendar (26th of February)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.08:45EURFrench CPI (MoM)★★
2.08:45EURFrench GDP (QoQ) (Q4)★★
3.09:00CHFKOF Leading Indicators (Feb)★★
4.14:30USDCore PCE Price Index (YoY) (Jan)★★
5.14:30USDPersonal Spending (MoM) (Jan)★★
6.14:30USDCore PCE Price Index (MoM) (Jan)★★
7.15:45USDChicago PMI (Feb)★★
8.16:00USDMichigan Consumer Sentiment (Feb)★★

(Importance: maximum three stars ★★★)

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