Technical Analysis (XAUUSD)

The Forex trading technical analysis for the price of gold (28th of September) reveals that it was around 1861.4 USD/Ounces early today. Under 1-hour-chart technical analysis, after rebounded last Friday (25th), the candlestick dropped again as U.S. dollar rose sharply. The candlestick is currently lying between the middle and lower Bollinger Bands, with the bands facing downwards. It is likely to decline again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 1876.0~1878.0. The current support level lies between 1848.0~1850.0. Investors who wish to sell short could consider selling between 1861.0~1864 in the short-term and setting the stop loss above 1867.5.

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

Technical Analysis (EURUSD):

The price of EUR/USD (28th of September) was around 1.16246 early today. Under 1-hour-chart technical analysis, after rebounded slightly to the resistance level last Friday (25th), it broke through the middle Bollinger Band support again and downturned. The candlestick is currently lying between the middle and lower Bollinger Bands, with the bands facing downwards. It is likely to decline again after rebounding again.

Currently, the short-swing upper resistance level lies between 1.16800~1.16900. The current support level lies between 1.15900~1.16000. Investors who wish to sell short could consider selling between 1.16400~1.16500 in the short-term and setting the stop loss above 1.16650.

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

Technical Analysis (GBPUSD):

The price of GBP/USD (28th of September) was around 1.27590 early today. Under 1-hour-chart technical analysis, it rebounded as predicted last Friday (25th). Followed by the surge of the U.S. dollar, it pulled back again. It is now rebounding and lying between the middle and upper Bollinger Bands, with the bands staying flat. It is likely to drop again after surging to the resistance level.

Currently, the short-swing upper resistance level lies between 1.28000~1.28100. The current support level lies between 1.27000~1.27100. Investors who wish to sell short could consider selling between 1.27650~1.27750 in the short-term and setting the stop loss above 1.27900.

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

Technical Analysis (AUDUSD):

The price of AUD/USD (28th of September) was around 0.70317 early today. Under 1-hour-chart technical analysis, it rebounded slightly as predicted last Friday (25th). The candlestick is currently pulling back again and fluctuating near the middle Bollinger Band, with the bands facing downwards. It is likely to decline again.

Currently, the short-swing upper resistance level lies between 0.71000~0.71100. The current support level lies between 0.70000~0.70100. Investors who wish to sell short could consider selling between 0.70550~0.70620 in the short-term and setting the stop loss above 0.70700.

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

Technical Analysis (USOUSD):

The price of USO/USD (28th of September) was around 39.72 this morning. Under 1-hour-chart technical analysis, it pulled back after failing to surge last Friday (25th). The candlestick is currently lying below the middle Bollinger Band, with the bands facing downwards. It is likely to decline again after rebounding to resistance level.

Currently, the short-swing upper resistance level lies between 40.30~40.40. The current support level lies between 38.60~38.70. Investors who wish to sell short could consider selling between 39.80~39.90 in the short-term and setting the stop loss above 40.10.

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

Technical Analysis (Nas100):

The NASDAQ (28th of September) was around 11160.7 this morning. Under 1-hour-chart technical analysis, it skyrocketed after a correction as predicted last Friday (25th). The candlestick is currently lying between the middle and upper Bollinger Bands, with the bands facing 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 10950.0~10970.0. Investors who wish to go long could consider buying between 11060.0~11080.0 in the short-term and setting the stop loss below 11020.0.

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

Economic Calendar (28th of September)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.15:30USDDallas Fed Mfg Business Index (Sep)

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