Technical Analysis (XAUUSD)

The Forex trading technical analysis reveals the price of gold (15th of September) was around 1957.0 USD/Ounces early today. Under 1-hour-chart technical analysis, it pulled back as predicted yesterday (14th), but it then broke through the descending resistance level and skyrocketed. The candlestick is currently fluctuating slightly at the high point and lying below the 5-days moving average. It is likely to rise again after a pullback.

Currently, the short-swing upper resistance level lies between 1966.0~1968.0. The current support level lies between 1944.0~1946.0. Investors who wish to go long could consider buying between 1955.0~1957.0 in the short-term and setting the stop loss below 1952.5.

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

Technical Analysis (EURUSD):

The price of EUR/USD (15th of September) was around 1.18645 early today. Under 1-hour-chart technical analysis, the candlestick is currently pulling back to near the middle Bollinger Band, lying between the middle and upper Bollinger Bands, with the bands continuing to face upwards and expanding. It is likely to continue rebounding.

Currently, the short-swing upper resistance level lies between 1.18950~1.19050. The current support level lies between 1.18150~1.18250. Investors who wish to sell short could consider selling between 1.18830~1.18900 in the short-term and setting the stop loss above 1.19000.

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

Technical Analysis (GBPUSD):

The price of GBP/USD (15th of September) was around 1.28467 early today. Under 1-hour-chart technical analysis, it rebounded from the bottom as predicted yesterday (14th). The candlestick is currently making a small retracement, with the Bollinger Bands contracting. It is likely to rebound again after correction.

Currently, the short-swing upper resistance level lies between 1.29400~1.29500. The current support level lies between 1.27500~1.27600.

Investors who wish to go long could consider buying between 1.28500~1.28600 in the short-term and setting the stop loss below 1.28350.

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

Technical Analysis (AUDUSD):

The price of AUD/USD (15th of September) was around 0.72893 early today. Under 1-hour-chart technical analysis, it skyrocketed after a pullback as predicted yesterday (14th). The candlestick is currently lying between the middle and upper Bollinger Bands, with the bands facing upwards and expanding. It is likely to rise again after a pullback.

Currently, the short-swing upper resistance level lies between 0.73250~0.73300. The current support level lies between 0.72600~0.72650.

Investors who wish to go long could consider buying between 0.72950~0.73000 in the short-term and setting the stop loss below 0.72880.

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

Technical Analysis (USOUSD):

The price of USO/USD (15th of September) was around 37.24 this morning. Under 1-hour-chart technical analysis, the candlestick is currently fluctuating slightly at the low point, forming a descending channel. The Bollinger Bands are facing down and contracting. 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 36.10~36.20. Investors who wish to sell short could consider selling between 37.10~37.20 in the short-term and setting the stop loss above 37.35.

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

Technical Analysis (Nas100):

The NASDAQ (15th of September) was around 11286.1 this morning. Under 1-hour-chart technical analysis, the candlestick is currently rebounding after fluctuating at the bottom, lying between the middle and upper Bollinger Bands, with the bands facing upwards. It is likely to continue rebounding.

Currently, the short-swing upper resistance level lies between 11510.0~11530.0. The current support level lies between 11100.0~11130.0. Investors who wish to go long could consider buying between 11300.0~11320.0 in the short-term and setting the stop loss below 11250.0.

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

Economic Calendar (15th of September)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.07:00GBPEmployment Change 3M/3M (MoM) (Jul)★★
2.07:00GBPUnemployment Rate (Jul)★★
3.07:00GBPClaimant Count Change (Aug)★★★
4.07:45EURFrench CPI (MoM) (Aug)★★
5.10:00EURGerman ZEW Economic Sentiment (Sep)★★★
6.10:00EURZEW Economic Sentiment (Sep)★★
7.13:30USDNY Empire State Manufacturing Index (Sep)★★
8.13:30USDImport Price Index (MoM) (Aug)★★
9.14:15USDIndustrial Production (MoM) (Aug)★★

(Importance: maximum three stars ★★★)

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