Technical Analysis (XAUUSD)

The Forex trading technical analysis price of gold (11th of September) was around 1944.3 USD/Ounces early today. Under 1-hour-chart technical analysis, it rose to the resistance level again after a pullback as predicted yesterday (10th), and followed by a reverse. The candlestick is currently fluctuating near the middle Bollinger Band, with the bands continuing to face upwards. It is likely to rise again after a pullback.

Currently, the short-swing upper resistance level lies between 1968.0~1970.0. The current support level lies between 1934.0~1936.0. Investors who wish to go long could consider buying between 1946.0~1949.0 in the short-term and setting the stop loss below 1943.5.

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

Technical Analysis (EURUSD):

The price of EUR/USD (11th of September) was around 1.18195 early today. Under 1-hour-chart technical analysis, it skyrocketed as predicted yesterday (10th). Later, as U.S. dollar rebounded sharply, the Euro made a reverse again. The candlestick is currently fluctuating near the middle Bollinger Band, with the bands continuing to face upwards. It is likely to rebound again after a small retracement.

Currently, the short-swing upper resistance level lies between 1.18800~1.18900. The current support level lies between 1.18000~1.18100. Investors who wish to go long could consider buying between 1.18300~1.18400 in the short-term and setting the stop loss below 1.18200.

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

Technical Analysis (GBPUSD):

The price of GBP/USD (11th of September) was around 1.27999 early today. Under 1-hour-chart technical analysis, it plummeted sharply again after a small rebound yesterday (10th). The candlestick is currently expecting to rebound. It is likely to drop again after failing to rebound.

Currently, the short-swing upper resistance level lies between 1.29200~1.29300. The current support level lies between 1.27400~1.27500.

Investors who wish to sell short could consider selling between 1.28500~1.28650 in the short-term and setting the stop loss above 1.28800.

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

Technical Analysis (AUDUSD):

The price of AUD/USD (11th of September) was around 0.72547 early today. Under 1-hour-chart technical analysis, it skyrocketed as predicted yesterday (10th). The candlestick is currently pulling back to settle below the middle Bollinger Band again after a reverse, with the bands facing downwards. It is likely to drop again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 0.73000~0.73050. The current support level lies between 0.72250~0.72300.

Investors who wish to sell short could consider selling between 0.72750至0.72800 in the short-term and setting the stop loss above 0.72890.

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

Technical Analysis (USOUSD):

The price of USO/USD (11th of September) was around 36.88 this morning. Under 1-hour-chart technical analysis, it pulled back after rebounding to the resistance level. The candlestick is currently lying between the middle and lower Bollinger Bands, with the bands facing downwards. It is likely to continue dropping.

Currently, the short-swing upper resistance level lies between 38.30~38.40. The current support level lies between 36.00~36.10. Investors who wish to sell short could consider selling between 37.10~37.20 in the short-term and setting the stop loss above 37.40.

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

Technical Analysis (Nas100):

The NASDAQ (11th of September) was around 1190.7 this morning. Under 1-hour-chart technical analysis, it rebounded as predicted yesterday (10th). However, the candlestick made a reverse after rebounding to the resistance level. It is now lying between the middle and lower Bollinger Bands, with the bands facing downwards. It is likely to drop after a small rebound.

Currently, the short-swing upper resistance level lies between 11370.0~11400.0. The current support level lies between 10900.0~10920.0. Investors who wish to sell short could consider selling between 11230.0~11260.0 in the short-term and setting the stop loss above 11310.0.

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

Economic Calendar (11th of September)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.07:00EURGerman CPI (MoM) (Aug)★★
2.07:00GBPGDP (MoM)★★★
3.07:00GBPManufacturing Production (MoM) (Jul)★★★
4.07:00GBPTrade Balance (Jul)★★
5.07:00GBPIndustrial Production (MoM) (Jul)★★
6.09:00CHYM2 Money Stock★★★
7.13:30USDCPI (MoM) (Aug)★★

(Importance: maximum three stars ★★★)

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