Technical Analysis (XAUUSD)

The Forex trading technical analysis reveals that the price of gold (14th of September) was around 1939.2 USD/Ounces early today. Under 1-hour-chart technical analysis, it rebounded as predicted last Friday (11th). The candlestick is currently lying between the middle and upper Bollinger Bands, with the bands continuing to face upwards. It is likely to continue to rebound.

Currently, the short-swing upper resistance level lies between 1957.0~1959.0. The current support level lies between 1926.0~1928.0. 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 (14th of September) was around 1.18362 early today. Under 1-hour-chart technical analysis, it soared up after breaking through the middle Bollinger Band as predicted last Friday (11th). The Euro made a reverse later as U.S. dollar rebounded sharply. The candlestick is currently lying near the middle Bollinger Band with slight fluctuations, forming a symmetrical triangle. It is likely to pullback after a rebound.

Currently, the short-swing upper resistance level lies between 1.18800~1.18900. The current support level lies between 1.18100~1.18200. Investors who wish to sell short could consider selling between 1.18400~1.18500 in the short-term and setting the stop loss above 1.18620.

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

Technical Analysis (GBPUSD):

The price of GBP/USD (14th of September) was around 1.27941 early today. Under 1-hour-chart technical analysis, it made a small rebound as predicted last Friday (11th). The candlestick is currently lying near the middle Bollinger Band with fluctuations, and the Bollinger bands are contracting. It is likely to rebound again.

Currently, the short-swing upper resistance level lies between 1.29100~1.29200. The current support level lies between 1.27500~1.27600. Investors who wish to go long could consider buying between 1.28200~1.28300 in the short-term and setting the stop loss below 1.28000.

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

Technical Analysis (AUDUSD):

The price of AUD/USD (14th of September) was around 0.72802 early today. Under 1-hour-chart technical analysis, it pulled back after failing to surge as predicted last Friday (11th). The candlestick is currently lying between the middle and upper Bollinger Bands, with the bands facing upwards. It is likely to rebound.

Currently, the short-swing upper resistance level lies between 0.73150~0.73200. The current support level lies between 0.72450~0.72500.

Investors who wish to go long could consider buying between 0.72770~0.72830 in the short-term and setting the stop loss below 0.72690.

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

Technical Analysis (USOUSD):

The price of USO/USD (14th of September) was around 37.27 this morning. Under 1-hour-chart technical analysis, it pulled back as predicted last Friday (11th). The candlestick is currently staying above the middle Bollinger Band again, with the bands facing upwards. It is likely to rebound.

Currently, the short-swing upper resistance level lies between 38.40~38.50. The current support level lies between 36.30~36.40. Investors who wish to go long could consider buying between 37.40~37.50 in the short-term and setting the stop loss below 37.25.

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

Technical Analysis (Nas100):

The NASDAQ (14th of September) was around 11117.9 this morning. Under 1-hour-chart technical analysis, it made a reverse after rebounding to the resistance level as predicted last Friday (11th) and a descending channel was formed. The candlestick is currently lying near the middle Bollinger Band, with the bands continuing to face downwards. It is likely to drop again after a small rebound.

Currently, the short-swing upper resistance level lies between 11380.0~11400.0. The current support level lies between 10900.0~10920.0. Investors who wish to sell short could consider selling between 11250.0~11270.0 in the short-term and setting the stop loss above 11300.0.

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

Economic Calendar (14th of September)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.10:00EURIndustrial Production (MoM) (Jul)★★

(Importance: maximum three stars ★★★)

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