Technical Analysis (XAUUSD)

The Forex trading technical analysis reveals that price of gold (23rd of September) was around 1900.4 USD/Ounces early today. Under 1-hour-chart technical analysis, it rebounded slightly yesterday (22nd). The candlestick is currently rebounding from the bottom and lying between the middle and lower Bollinger Bands, with the bands continue to drop. It is likely to decline again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 1912.0~1914.0. The current support level lies between 1882.0~1884.0. Investors who wish to sell short could consider selling between 1902.0~1904.0 in the short-term and setting the stop loss above 1909.0.

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

Technical Analysis (EURUSD):

The price of EUR/USD (23rd of September) was around 1.17056 early today. Under 1-hour-chart technical analysis, under the influence of the sharp rise of the U.S. dollar yesterday (22nd), the Euro slumped after dropping below 1.17000 interval. The candlestick is currently lying between the middle and lower Bollinger Bands, with the bands facing downwards and expanding. It is likely to decline again after a rebound.

Currently, the short-swing upper resistance level lies between 1.17300~1.17400. The current support level lies between 1.16500~1.16600. Investors who wish to sell short could consider selling between 1.16850~1.16900 in the short-term and setting the stop loss above 1.17000.

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

Technical Analysis (GBPUSD):

The price of GBP/USD (23rd of September) was around 1.27347 early today. Under 1-hour-chart technical analysis, it rebounded from the bottom as predicted yesterday (22nd). The candlestick is currently pulling back again, lying between the middle and lower Bollinger Bands, with the bands facing downwards and expanding. It is likely to decline again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 1.27750~1.27850. The current support level lies between 1.26750~1.26850.

Investors who wish to sell short could consider selling between 1.27250~1.27350 in the short-term and setting the stop loss above 1.27550.

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

Technical Analysis (AUDUSD):

The price of AUD/USD (23rd of September) was around 0.71663 early today. Under 1-hour-chart technical analysis, it dropped sharply after failing to rebound yesterday (22nd). The candlestick is currently lying between the middle and lower Bollinger Bands, with the bands facing downwards and expanding. It is likely to decline again after a rebound.

Currently, the short-swing upper resistance level lies between 0.71750~0.71800. The current support level lies between 0.71100~0.71150.

Investors who wish to sell short could consider selling between 0.71400~0.71450 in the short-term and setting the stop loss above 0.71520.

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

Technical Analysis (USOUSD):

The price of USO/USD (23rd of September) was around 39.43 this morning. Under 1-hour-chart technical analysis, the candlestick is rebounding slightly yesterday (22nd). The candlestick is currently is lying between the middle and lower Bollinger Bands, with the bands facing downwards and expanding. It is likely to decline again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 40.00~40.10. The current support level lies between 38.30~38.40. Investors who wish to sell short could consider selling between 39.25~39.40 in the short-term and setting the stop loss above 39.55.

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

Technical Analysis (Nas100):

The NASDAQ (23rd of September) was around 11777.2 this morning. Under 1-hour-chart technical analysis, it rebounded as predicted yesterday (22nd). The candlestick is currently lying between the middle and upper Bollinger Bands, with the bands continuing to face upwards and expanding. It is likely to rebound again after a pullback.

Currently, the short-swing upper resistance level lies between 11300.0~11320.0. The current support level lies between 10970.0~10990.0. Investors who wish to go long could consider buying between 11070.0~11090.0 in the short-term and setting the stop loss below 11030.0.

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

Economic Calendar (23rd of September)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.03:00NZDRBNZ Interest Rate Decision★★★
2.07:00EURGfK German Consumer Climate (Oct)★★
3.07:15EURFrench Manufacturing PMI (Sep)  ★★
4.07:30EURGerman Manufacturing PMI (Sep)  ★★★
5.08:00EURManufacturing PMI (Sep) ★★
7.08:30GBPManufacturing PMI★★★
8.08:30GBPServices PMI ★★★
9.14:00USDHouse Price Index (MoM) (Jul)
10.14:45USDManufacturing PMI (Sep)★★
11.14:45USDServices PMI (Sep)★★
12.15:30USDEIA Refinery Crude Runs (WoW)

(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.