Technical Analysis (XAUUSD)

The Forex trading technical analysis for the price of gold (9th of September) reveals that it was around 1931.5 USD/Ounces early today. Under 1-hour-chart technical analysis, it pulled back as predicted yesterday (8th). Later, as U.S. stock plummeted, there was strong risk-off sentiment in the market and gold prices rebounded from the bottom. The candlestick is currently pulling back to below the middle Bollinger Band again. It is likely to continue dropping.

Currently, the short-swing upper resistance level lies between 1940.0~1942.0. The current support level lies between 1910.0~1912.0. Investors who wish to sell short could consider selling between 1926.0~1928.0 in the short-term and setting the stop loss above 1931.5.

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

Technical Analysis (EURUSD):

The price of EUR/USD (9th of September) was around 1.17722 early today. Under 1-hour-chart technical analysis, it made a reverse as predicted yesterday (8th). The candlestick is currently lying between the middle and lower Bollinger Bands, with the bands continuing to face downwards and showing a bearish sign. It is likely to drop again after a small rebound.

Currently, the short-swing upper resistance level lies between 1.18000~1.18100. The current support level lies between 1.17400~1.17500. Investors who wish to sell short could consider selling between 1.17800~1.17900 in the short-term and setting the stop loss above 1.18000.

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

Technical Analysis (GBPUSD):

The price of GBP/USD (9th of September) was around 1.29758 early today. Under 1-hour-chart technical analysis, it declined again as predicted yesterday (8th). There is huge descending channel and the Bollinger Bands currently continue to expand and face downwards. It is likely to drop again after a rebound.

Currently, the short-swing upper resistance level lies between 1.30500~1.30600. The current support level lies between 1.29100~1.29200.

Investors who wish to sell short could consider selling between 1.30000~1.30050 in the short-term and setting the stop loss above 1.30150.

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

Technical Analysis (AUDUSD):

The price of AUD/USD (9th of September) was around 0.72000 early today. Under 1-hour-chart technical analysis, it made a reverse as predicted yesterday (8th). The candlestick is currently rebounding from the bottom, settling below the middle Bollinger Band and the bands are contracting and facing downwards. It is likely to tumble again after a rebound to the resistance level.

Currently, the short-swing upper resistance level lies between 0.72500~0.72600. The current support level lies between 0.71850~0.71900.

Investors who wish to sell short could consider selling between 0.72300~0.72350 in the short-term and setting the stop loss above 0.72450.

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

Technical Analysis (USOUSD):

The price of USO/USD (9th of September) was around 36.66 this morning. Under 1-hour-chart technical analysis, it continued to go down as predicted yesterday (8th). The candlestick is currently lying between the middle and lower Bollinger Bands, with the bands facing downwards and showing a bearish sign. It is likely to decline again after a rebound.

Currently, the short-swing upper resistance level lies between 38.40~38.50. The current support level lies between 35.30~35.40. Investors who wish to sell short could consider selling between 36.40~36.50 in the short-term and setting the stop loss above 36.68.

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

Technical Analysis (Nas100):

The NASDAQ (9th of September) was around 11007.0 this morning. Under 1-hour-chart technical analysis, it dropped again after a rebound as predicted yesterday (8th). The candlestick is currently rebounding from the bottom and lying below the middle Bollinger Band, with the bands contracting. It is likely to drop again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 11280.0~11300.0. The current support level lies between 10900.0~10920.0. Investors who wish to sell short could consider selling between 11200.0~11220.0 in the short-term and setting the stop loss above 11250.0.

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

Economic Calendar (9th of September)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.02:30CHYCPI (YoY) (Aug)★★
2.06:45CHFUnemployment Rate n.s.a. (Aug)★★
4.15:00CADBoC Interest Rate Decision★★★

(Importance: maximum three stars ★★★)

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