Technical Analysis (XAUUSD)

The Forex trading technical analysis reveals that the price of gold (10th of September) was around 1945.8 USD/Ounces early today. Under 1-hour-chart technical analysis, it plunged as predicted yesterday (9th). Later as U.S. dollar plummeted, gold prices turned bullish. The candlestick is currently lying above the middle Bollinger Band, with the bands facing upwards. It is likely to rise again after a pullback.

Currently, the short-swing upper resistance level lies between 1964.0~1966.0. The current support level lies between 1938.0~1940.0. Investors who wish to go long could consider buying between 1947.0~1950.0 in the short-term and setting the stop loss below 1944.5.

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

Technical Analysis (EURUSD):

The price of EUR/USD (10th of September) was around 1.18027 early today. Under 1-hour-chart technical analysis, it declined again as predicted yesterday (9th). The candlestick is currently rebounding, lying between the middle and upper Bollinger Bands, with the bands facing upwards. It is likely to rebound again after a small retracement.

Currently, the short-swing upper resistance level lies between 1.18600~1.18700. The current support level lies between 1.17700~1.17800. Investors who wish to go long could consider buying between 1.18000~1.18150 in the short-term and setting the stop loss below 1.17900.

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

Technical Analysis (GBPUSD):

The price of GBP/USD (10th of September) was around 1.29932 early today. Under 1-hour-chart technical analysis, it declined again as predicted yesterday (9th). The candlestick is currently lying between the middle and upper Bollinger Bands after a rebound, with the bands facing upwards. It is likely to rise again after a correction.

Currently, the short-swing upper resistance level lies between 1.30900~1.31000. The current support level lies between 1.29300~1.29400.

Investors who wish to go long could consider buying between 1.29900~1.30000 in the short-term and setting the stop loss below 1.29700.

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

Technical Analysis (AUDUSD):

The price of AUD/USD (10th of September) was around 0.72807 early today. Under 1-hour-chart technical analysis, it continued to drop as predicted yesterday (9th). The candlestick is currently rebounding sharply, lying between the middle and upper Bollinger Bands, with the bands facing upwards. It is likely to rise again after a pullback.

Currently, the short-swing upper resistance level lies between 0.73100~0.73200. The current support level lies between 0.72500~0.72600.

Investors who wish to go long could consider buying between 0.72650~0.72750 in the short-term and setting the stop loss below 0.72530.

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

Technical Analysis (USOUSD):

The price of USO/USD (10th of September) was around 37.67 this morning. Under 1-hour-chart technical analysis, it rebounded sharply from the bottom after a pullback. The candlestick is currently lying between the middle and upper Bollinger Bands, with the bands facing upwards. It is likely to rise again after a pullback.

Currently, the short-swing upper resistance level lies between 39.20~39.30. The current support level lies between 37.00~37.10. Investors who wish to go long could consider buying between 37.70~37.85 in the short-term and setting the stop loss below 37.50.

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

Technical Analysis (Nas100):

The NASDAQ (10th of September) was around 11380.5 this morning. Under 1-hour-chart technical analysis, the candlestick currently keeps rising after rebounding from the bottom and is now lying between the middle and upper Bollinger Bands, with the bands facing upwards. It is likely to rise again after a small retracement.

Currently, the short-swing upper resistance level lies between 11700.0~11720.0. The current support level lies between 11200.0~11220.0. Investors who wish to go long could consider buying between 11400.0~11420.0 in the short-term and setting the stop loss below 11350.0.

Forex Trading Market Analysis for NASDAQ Nas100
Forex Trading Market Analysis for NASDAQ Nas100

Economic Calendar (10th of September)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.07:45EURFrench Industrial Production (MoM) (Jul)
2.08:30CHYM2 Money Stock
3.12:45EURECB Marginal Lending Facility (Sep)★★★
4.13:30USDInitial Jobless Claims★★★
5.13:30USDPPI (MoM) (Aug)★★★
6.15:00USDWholesale Trade Sales (MoM) (Jul)
7.15:30USDNatural Gas Storage
8.16:00USDEIA Refinery Crude Runs (WoW)

(Importance: maximum three stars ★★★)

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