Technical Analysis (XAUUSD)

The Forex trading technical analysis reveals that the price of gold (18th of September) was around 1944.6 USD/Ounces early today. Under 1-hour-chart technical analysis, it dropped as predicted yesterday (17th). The candlestick is currently 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 1966.0~1968.0. The current support level lies between 1945.0~1947.0. Investors who wish to go long could consider buying between 1950.0~1953.0 in the short-term and setting the stop loss below 1947.5.

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

Technical Analysis (EURUSD):

The price of EUR/USD (18th of September) was around 1.18430 early today. Under 1-hour-chart technical analysis, it declined again as predicted yesterday (17th). The candlestick is currently rebounding sharply, lying above the middle Bollinger Band, with the bands facing upwards and expanding. It is likely to rise again after a correction.

Currently, the short-swing upper resistance level lies between 1.19000~1.19100. The current support level lies between 1.18100~1.18200. Investors who wish to go long could consider buying between 1.18350~1.18450 in the short-term and setting the stop loss below 1.18250.

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

Technical Analysis (GBPUSD):

The price of GBP/USD (18th of September) was around 1.29674 early today. Under 1-hour-chart technical analysis, it rose again after a pullback as predicted yesterday (17th). There is an ascending channel and the Bollinger Bands continue to face upwards. It is likely to rebound again after a correction.

Currently, the short-swing upper resistance level lies between 1.30200~1.30300. The current support level lies between 1.28900~1.29000.

Investors who wish to go long could consider buying between 1.29550~1.29650 in the short-term and setting the stop loss below 1.29400.

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

Technical Analysis (AUDUSD):

The price of AUD/USD (18th of September) was around 0.73082 early today. Under 1-hour-chart technical analysis, it rebounded from the bottom after a reverse yesterday (17th). The candlestick is currently lying between the middle and upper Bollinger Bands, with the bands facing upwards and expanding. It is likely to continue rising.

Currently, the short-swing upper resistance level lies between 0.73500~0.73600. The current support level lies between 0.72900~0.73000.

Investors who wish to go long could consider buying between 0.73150~0.73220 in the short-term and setting the stop loss below 0.73030.

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

Technical Analysis (USOUSD):

The price of USO/USD (18th of September) was around 40.76 this morning. Under 1-hour-chart technical analysis, it rose again after a pullback as predicted yesterday (17th). The candlestick is currently pulling back from high and lying between the middle and upper Bollinger Bands, with the bands continuing to face upwards and expanding. It is likely to continue rising after a correction.

Currently, the short-swing upper resistance level lies between 41.50~41.60. The current support level lies between 39.70~39.80. Investors who wish to go long could consider buying between 40.60~40.80 in the short-term and setting the stop loss below 40.40.

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

Technical Analysis (Nas100):

The NASDAQ (18th of September) was around 11073.7 this morning. Under 1-hour-chart technical analysis, it made a reverse as predicted yesterday (17th). The candlestick is currently rebounding and 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 11300.0~11320.0. The current support level lies between 11010.0~11030.0. Investors who wish to go long could consider buying between 11100.0~11140.0 in the short-term and setting the stop loss below 11070.0.

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

Economic Calendar (18th of September)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.00:30JPYNational Core CPI (Aug)
2.07:00EURGerman PPI (MoM) (Aug)★★
3.07:00GBPRetail Sales (MoM) (Aug)★★★
4.09:00EURCurrent Account n.s.a. (Jul)
5.13:30CADWholesale Sales (MoM) (Jul)★★
6.13:30CADRetail Sales (MoM) (Jul)★★
7.13:30USDCurrent Account (Q2)★★
8.15:00USDMichigan Consumer Sentiment (Sep)★★
9.15:00USDUS Leading Index (MoM) (Aug)

(Importance: maximum three stars ★★★)

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