Technical Analysis (XAUUSD)

The Forex trading technical analysis indicates the price of gold (15th of March) was around 1727.8 USD/Ounce early today. Under 1-hour-chart technical analysis, it pulled back sharply after fluctuating in the swing high as predicted last Friday (12th). The candlestick is currently rebounding and lying above the middle Bollinger Band. The bands are facing upwards, so it is likely to rebound again after the pullback.

Currently, the short-swing upper resistance level lies between 1740.0~1742.0. The current support level lies between 1720.0~1722.0. Investors who wish to go long could consider buying between 1728.0~1731.0 in the short-term and setting the stop loss below 1725.0.

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

Technical Analysis (EURUSD):

The price of EUR/USD (15th of March) was around 1.19475 early today. Under 1-hour-chart technical analysis, the candlestick pulled back sharply as predicted last Friday (12th). It is currently rebounding from deep and fluctuating around the middle Bollinger Band. The bands are facing upwards, so it is likely to rebound again after the pullback.

Currently, the short-swing upper resistance level lies between 1.20000~1.20100. The current support level lies between 1.19000~1.19100. Investors who wish to go long could consider buying between 1.19500~1.19600 in the short-term and setting the stop loss below 1.19400.

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

Technical Analysis (GBPUSD):

The price of GBP/USD (15th of March) was around 1.39217 early today. Under 1-hour-chart technical analysis, it pulled back sharply as predicted last Friday (12th). The candlestick is currently surging and fluctuating around the middle Bollinger Band. The bands are contracting, so it is likely to decline again after the pullback.

Currently, the short-swing upper resistance level lies between 1.39500~1.39600. The current support level lies between 1.38700~1.38800. Investors who wish to sell short could consider selling between 1.39200~1.39300 in the short-term and setting the stop loss above 1.39450.

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

Technical Analysis (AUDUSD):

The price of AUD/USD (15th of March) was around 0.77527 early today. Under 1-hour-chart technical analysis, it pulled back as predicted last Friday (12th). The candlestick is fluctuating around the middle Bollinger Band. The bands are facing downwards, so it is likely to continue declining.

Currently, the short-swing upper resistance level lies between 0.77800~0.77850. The current support level lies between 0.77100~0.77150. Investors who wish to go long could consider selling between 0.77450~0.77500 in the short-term and setting the stop loss above 0.77600.

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

Technical Analysis (USOUSD):

The price of USO/USD (15th of March) was around 65.53 this morning. Under 1-hour-chart technical analysis, it continued fluctuating slightly in the swing high last Friday (12th). The candlestick is currently lying between the middle and upper Bollinger Bands. The bands continue facing upwards, so it is likely to rebound.

Currently, the short-swing upper resistance level lies between 67.80~67.90. The current support level lies between 64.30~64.40. Investors who wish to go long could consider buying between 66.20~66.40 in the short-term and setting the stop loss below 66.00.

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

Technical Analysis (Nas100):

The NASDAQ (15th of March) was around 12954.2 this morning. Under 1-hour-chart technical analysis, the candlestick pulled back sharply as predicted last Friday (12th). The candlestick is currently pulling back and fluctuating around the middle Bollinger Band. The bands are contracting, so it is likely to drop.

Currently, the short-swing upper resistance level lies between 13100.0~13120.0. The current support level lies between 12780.0~12800.0. Investors who wish to sell short could consider selling between 12960.0~12990.0 in the short-term and setting the stop loss above 13050.0.

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

Economic Calendar (15th of March)

(Source: uk.investing.com)

 TimeCurrencyData
1.13:30NY Empire State Manufacturing Index (Mar)★★


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