Technical Analysis (XAUUSD)

The Forex trading technical analysis for the price of gold (21st of September) reveals that it was around 1950.2 USD/Ounces early today. Under 1-hour-chart technical analysis, it rebounded sharply from the bottom as predicted last Friday (18th). The candlestick is currently lying between the middle and upper Bollinger Bands, with the bands continuing to face upwards. It is likely to continue rebounding.

Currently, the short-swing upper resistance level lies between 1965.0~1967.0. The current support level lies between 1943.0~1945.0. Investors who wish to go long could consider buying between 1951.0~1953.0 in the short-term and setting the stop loss below 1948.0.

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

Technical Analysis (EURUSD):

The price of EUR/USD (21st of September) was around 1.18430 early today. Under 1-hour-chart technical analysis, it skyrocketed again after a pullback as predicted last Friday (18th). The candlestick is currently fluctuating slightly near the middle Bollinger Band, with the bands contracting. It is likely to continue rising after breaking out the upper resistance at the downtrend line.

Currently, the short-swing upper resistance level lies between 1.19000~1.19100. The current support level lies between 1.18200~1.18300. Investors who wish to go long could consider buying between 1.18500~1.18600 in the short-term and setting the stop loss below 1.18420.

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

Technical Analysis (GBPUSD):

The price of GBP/USD (21st of September) was around 1.29283 early today. Under 1-hour-chart technical analysis, it rose again after a pullback as predicted last Friday (18th). The candlestick is currently within the large ascending channel, with the Bollinger Bands continuing to face upwards. It is likely to rebound 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 1.29500~1.29600 in the short-term and setting the stop loss below 1.29380.

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

Technical Analysis (AUDUSD):

The price of AUD/USD (21st of September) was around0.72952 early today. Under 1-hour-chart technical analysis, there was a symmetrical triangle. The candlestick is currently lying between the middle and upper Bollinger Bands, with the bands being expected to face upwards. It is likely to rise again after breaking out the upper resistance level of the symmetrical triangle.

Currently, the short-swing upper resistance level lies between 0.73400~0.73450. The current support level lies between 0.72850~0.72900.

Investors who wish to go long could consider buying between 0.73100~0.73150 in the short-term and setting the stop loss below 0.73020.

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

Technical Analysis (USOUSD):

The price of USO/USD (21st of September) was around 40.78 this morning. Under 1-hour-chart technical analysis, the candlestick is currently fluctuating slightly at the high point after a surge, lying between the middle and upper Bollinger Bands, with the bands contracting. It is likely to rise again after a correction.

Currently, the short-swing upper resistance level lies between 41.70~41.80. The current support level lies between 39.90~40.00. Investors who wish to go long could consider buying between 40.85~40.95 in the short-term and setting the stop loss below 40.60.

Technical Analysis (Nas100):

The NASDAQ (21st of September) was around 10897.1 this morning. Under 1-hour-chart technical analysis, the candlestick dropped largely after breaking out the lower support level, followed by a rebound that allowed the price to stand above the 5-days moving average. It is likely to rebound.

Currently, the short-swing upper resistance level lies between 11150.0~11170.0. The current support level lies between 10850.0~10870.0. Investors who wish to go long could consider buying between 10940.0~10970.0 in the short-term and setting the stop loss below 10910.0.

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

Economic Calendar (21st of September)

(Source: uk.investing.com)

 TimeCurrencyDataImportance

(Importance: maximum three stars★★★)

Risk Warning !!!

The views or opinions as expressed in the above article represent the personal views or opinions of the author and do not represent those of IV Markets Limited (“IV Markets”). IV Markets has no obligation to independently check or verify the author of the article and the information provided in the article. Accordingly, IV MARKETS does not take responsibility for such article.

This material is for general information purposes only and is not intended as (and should not be considered to be) financial, investment or other advice on which reliance should be placed. IV Markets is not authorized to provide investment advice. No opinion given in the material constitutes a recommendation by IV Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

Trading with IV Markets can result in losses that exceed your deposits. Consumers should ensure they understand the risk and seek independent financial advice if necessary.

IV Markets is designed for clients to trade in the forex market, it is regulated by the Seychelles Financial Authority (FSA), license number: SD049.