Technical Analysis (XAUUSD)

The Forex trading technical analysis for the price of gold (22nd of September) was around 1911.3 USD/Ounces early today. Under 1-hour-chart technical analysis, as U.S. dollar skyrocketed yesterday (21st), gold prices plummeted after breaking through the neckline. The candlestick is currently rebounding and fluctuating near the middle Bollinger Band, with the bands contracting. It is likely to rebound after lying above the middle Bollinger Band.

Currently, the short-swing upper resistance level lies between 1935.0~1938.0. The current support level lies between 1898.0~1901.0. Investors who wish to go long could consider buying between 1908.0~1911.0 in the short-term and setting the stop loss below 1905.0.

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

Technical Analysis (EURUSD):

The price of EUR/USD (22nd of September) was around 1.17674 early today. Under 1-hour-chart technical analysis, as U.S. dollar skyrocketed yesterday (21st), Euro plummeted. The candlestick is currently rebounding after dropping below the session low, lying near the middle Bollinger Band, with the bands contracting. It is likely to rebound after settling above the middle band.

Currently, the short-swing upper resistance level lies between 1.18100~1.18200. The current support level lies between 1.17300~1.17400. Investors who wish to go long could consider buying between 1.17600~1.17700 in the short-term and setting the stop loss below 1.17480.

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

Technical Analysis (GBPUSD):

The price of GBP/USD (22nd of September) was around 1.28109 early today. Under 1-hour-chart technical analysis, it pulled back after failing to surge, then broke below the lower neckline support level and plummeted yesterday (21st). It is currently lying near the middle Bollinger Band and fluctuating. It is likely to rebound after standing on the middle Bollinger Band.

Currently, the short-swing upper resistance level lies between 1.28700~1.28800. The current support level lies between 1.27800~1.27900.

Investors who wish to go long could consider buying between 1.28200~1.28300 in the short-term and setting the stop loss below 1.28050.

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

Technical Analysis (AUDUSD):

The price of AUD/USD (22nd of September) was around 0.72233 early today. Under 1-hour-chart technical analysis, the candlestick dropped heavily after breaking out the neckline support level yesterday (21st). It is currently fluctuating near the middle Bollinger Band, with the bands contracting. It is likely to rebound after lying on the middle Bollinger Band again.

Currently, the short-swing upper resistance level lies between 0.72550~0.72600. The current support level lies between 0.71950~0.72000.

Investors who wish to go long could consider buying between 0.72100~0.72200 in the short-term and setting the stop loss below 0.72000.

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

Technical Analysis (USOUSD):

The price of USO/USD (22nd of September) was around 39.47 this morning. Under 1-hour-chart technical analysis, the candlestick pulled back after fluctuating at the high point yesterday (21st). It is currently lying between the middle and lower Bollinger Bands, with the bands facing downwards. It is likely to decline again after a rebound.

Currently, the short-swing upper resistance level lies between 40.20~40.30. The current support level lies between 38.40~38.50. Investors who wish to sell short could consider selling between 39.42~39.64 in the short-term and setting the stop loss above 39.90.

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

Technical Analysis (Nas100):

The NASDAQ (22nd of September) was around 10982.2 this morning. Under 1-hour-chart technical analysis, the candlestick dropped heavily and broke the session low. It is currently rebounding and lying between the middle and upper Bollinger Bands, with the bands facing upwards. It is likely to rise again after a pullback.

Currently, the short-swing upper resistance level lies between 11180.0~11200.0. The current support level lies between 10730.0~10750.0. Investors who wish to go long could consider buying between 10930.0~10960.0 in the short-term and setting the stop loss below 10900.0.

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

Economic Calendar (22nd of September)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.11:00GBPCBI Industrial Trends Orders (Sep)★★
2.15:00USDExisting Home Sales (Aug)★★★
3.15:00USDRichmond Manufacturing Index (Sep)★★

(Importance: maximum three stars★★★)

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