Technical Analysis (XAUUSD)

The Forex trading technical analysis indicates the price of gold (19th of March) was around 1734.8 USD/Ounce early today. Under 1-hour-chart technical analysis, it pulled back sharply after surging to the resistance level as predicted yesterday (18th). The candlestick is currently lying between the middle and lower Bollinger Bands. The bands are facing downwards, so it is likely to continue declining.

Currently, the short-swing upper resistance level lies between 1740.0~1742.0. The current support level lies between 1718.0~1720.0. Investors who wish to sell short could consider selling between 1731.0~1733.0 in the short-term and setting the stop loss above 1737.0.

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

Technical Analysis (EURUSD):

The price of EUR/USD (19th of March) was around 1.19165 early today. Under 1-hour-chart technical analysis, the candlestick plummeted again as predicted yesterday (18th). It is currently lying between the middle and lower Bollinger Bands. The bands continue 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 1.19300~1.19400. The current support level lies between 1.18700~1.18800. Investors who wish to sell short could consider selling between 1.19150~1.19250 in the short-term and setting the stop loss above 1.19350.

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

Technical Analysis (GBPUSD):

The price of GBP/USD (18th of March) was around 1.39228 early today. Under 1-hour-chart technical analysis, it plummeted as predicted yesterday (18th). The candlestick is currently lying between the middle and lower Bollinger Bands. The bands continue facing downwards and expanding, so it is likely to drop again.

Currently, the short-swing upper resistance level lies between 1.39500~1.39600. The current support level lies between 1.38500~1.38600. 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 (19th of March) was around 0.77574 early today. Under 1-hour-chart technical analysis, it pulled back as predicted yesterday (18th). The candlestick is currently lying between the middle and lower Bollinger Bands. The bands continue facing downwards, so it is likely to decline again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 0.77700~0.77750. The current support level lies between 0.77000~0.77050. Investors who wish to sell short could consider selling between 0.77550~0.77600 in the short-term and setting the stop loss above 0.77680.

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

Technical Analysis (USOUSD):

The price of USO/USD (19th of March) was around 59.54 this morning. Under 1-hour-chart technical analysis, it dropped sharply after fluctuating slightly in the swing high as predicted yesterday (18th). The candlestick is currently fluctuating slightly in the swing low, so it is likely to rebound after reaching the bottom.

Currently, the short-swing upper resistance level lies between 62.00~62.10. The current support level lies between 58.50~58.60. Investors who wish to go long could consider buying between 59.80~59.95 in the short-term and setting the stop loss below 59.65.

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

Technical Analysis (Nas100):

The NASDAQ (19th of March) was around 12798.6 this morning. Under 1-hour-chart technical analysis, the candlestick pulled back sharply after the surge yesterday (18th). It is currently lying between the middle and lower Bollinger Bands. The bands are facing downwards and expanding, so it is likely to continue declining.

Currently, the short-swing upper resistance level lies between 12940.0~12960.0. The current support level lies between 12680.0~12700.0. Investors who wish to sell short could consider selling between 12820.0~12840.0 in the short-term and setting the stop loss above 12870.0.

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

Economic Calendar (19th of March)

(Source: uk.investing.com)

 TimeCurrencyDataTime
1.07:30JPYNational Core CPI (YoY) (Feb)★★
2.08:01GBPGfK Consumer Confidence (Mar)
3.11:00JPYBoJ Interest Rate Decision★★
4.15:00EURGerman PPI (MoM) (Feb)★★
5.20:30CADRetail Sales (MoM) (Jan)★★

(Importance: maximum three stars ★★★)

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