Technical Analysis (XAUUSD)

The Forex trading technical analysis reveals that the price of gold (24th of September) was around 1862.9 USD/Ounces early today. Under 1-hour-chart technical analysis, it dropped sharply again as predicted yesterday (23rd). The candlestick is currently rebounding slightly and lying between the middle and lower Bollinger Bands, with the bands continuing to face downwards and expanding. It is likely to decline again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 1878.0~1880.0. The current support level lies between 1845.0~1847.0. Investors who wish to sell short could consider selling between 1860.0~1863.0 in the short-term and setting the stop loss above 1867.0.

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

Technical Analysis (EURUSD):

The price of EUR/USD (24th of September) was around 1.16593 early today. Under 1-hour-chart technical analysis, it made a sharp correction again as predicted yesterday (23rd). The candlestick is currently lying between the middle and lower Bollinger Bands, with the bands continuing to face downwards and expanding. It is likely to drop again after a rebound.

Currently, the short-swing upper resistance level lies between 1.17100~1.17200. The current support level lies between 1.16300~1.16400. Investors who wish to sell short could consider selling between 1.16650~1.16750 in the short-term and setting the stop loss above 1.16850.

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

Technical Analysis (GBPUSD):

The price of GBP/USD (24th of September) was around 1.27222 early today. Under 1-hour-chart technical analysis, it dropped again as predicted yesterday (23rd). The candlestick is currently rebounding and lying between the middle and lower Bollinger Bands, with the bands contracting. It is likely to go down again after breaking out below support level.

Currently, the short-swing upper resistance level lies between 1.27700~1.27800. The current support level lies between 1.26600~1.26700.

Investors who wish to sell short could consider selling between 1.27200~1.27300 in the short-term and setting the stop loss above 1.27450.

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

Technical Analysis (AUDUSD):

The price of AUD/USD (24th of September) was around 0.70746 early today. Under 1-hour-chart technical analysis, it continued to plummeted sharply as predicted yesterday (23rd). The candlestick is currently lying between the middle and lower Bollinger Bands, showing a bearish sign. It is likely to go down again after a rebound.

Currently, the short-swing upper resistance level lies between 0.71200~0.71300. The current support level lies between 0.70200~0.70300.

Investors who wish to sell short could consider selling between 0.70550~0.70650 in the short-term and setting the stop loss above 0.70750.

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

Technical Analysis (USOUSD):

The price of USO/USD (24th of September) was around 39.23 this morning. Under 1-hour-chart technical analysis, the candlestick rebounded yesterday (23rd), but followed by a pullback after rebounding to the resistance level. The candlestick is currently lying between the middle and lower Bollinger Bands, with the bands facing downwards. It is likely to go down 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 38.20~38.30. Investors who wish to sell short could consider selling between 39.20~39.35 in the short-term and setting the stop loss above 39.48.

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

Technical Analysis (Nas100):

The NASDAQ (24th of September) was around 10818.8 this morning. Under 1-hour-chart technical analysis, it made a huge reverse after breaking out the lower Bollinger Band support level of the ascending channel yesterday (23rd). The candlestick is currently lying between the middle and lower Bollinger Bands, with the bands facing downwards. It is likely to go down again after a rebound.

Currently, the short-swing upper resistance level lies between 10980.0~11000.0. The current support level lies between 10650.0~10670.0. Investors who wish to sell short could consider selling between 10880.0~10900.0 in the short-term and setting the stop loss above 10940.0.

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

Economic Calendar (24th of September)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.08:30CHFSNB Interest Rate Decision★★★
2.08:30CHFSNB Monetary Policy Assessment★★★
3.09:00EURGerman Ifo Business Climate Index (Sep)★★★
4.11:00GBPCBI Distributive Trades Survey (Sep)
5.13:30USDInitial Jobless Claims★★★
6.15:00USDNew Home Sales (Aug)★★★
7.15:30USDNatural Gas Storage

(Importance: maximum three stars ★★★)

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