Technical Analysis (XAUUSD)

The Forex trading technical analysis for the price of gold (30th of September) was around 1897.9 USD/Ounces early today. Under 1-hour-chart technical analysis, it rebounded as predicted yesterday (29th). The candlestick is currently lying between the middle and upper Bollinger Bands, with the bands facing upwards. It is likely to rebound again after a pullback.

Currently, the short-swing upper resistance level lies between 1906.0~1908.0. The current support level lies between 1883.0~1885.0. Investors who wish to go long could consider buying between 1892.0~1895.0 in the short-term and setting the stop loss below 1889.5.

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

Technical Analysis (EURUSD):

The price of EUR/USD (30th of September) was around 1.17387 early today. Under 1-hour-chart technical analysis, it skyrocketed as predicted yesterday (29th). The candlestick is currently lying between the middle and upper Bollinger Bands, with the bands facing upwards and expanding. It is likely to maintain the bullish trend.

Currently, the short-swing upper resistance level lies between 1.17800~1.17900. The current support level lies between 1.17100~1.17200. Investors who wish to go long could consider buying between 1.17400~1.17500 in the short-term and setting the stop loss below 1.17280.

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

Technical Analysis (GBPUSD):

The price of GBP/USD (30th of September) was around 1.28576 early today. Under 1-hour-chart technical analysis, the candlestick was fluctuating slightly in the consolidation zone yesterday (29th). The candlestick is currently fluctuating between the middle and upper Bollinger Bands, with the bands contracting. It is likely to rise again after a pullback.

Currently, the short-swing upper resistance level lies between 1.29500~1.29600. The current support level lies between 1.28200~1.28300.

Investors who wish to go long could consider buying between 1.28550~1.28650 in the short-term and setting the stop loss below 1.28400.

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

Technical Analysis (AUDUSD):

The price of AUD/USD (30th of September) was around 0.71281 early today. Under 1-hour-chart technical analysis, it continued to rise as predicted yesterday (29th). The candlestick is currently lying between the middle and upper Bollinger Bands, with the bands continuing to face upwards. It is likely to rebound again after a small retracement.

Currently, the short-swing upper resistance level lies between 0.71850~0.71950. The current support level lies between 0.70900~0.71000.

Investors who wish to go long could consider buying between 0.71350~0.71450 in the short-term and setting the stop loss below 0.71250.

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

Technical Analysis (USOUSD):

The price of USO/USD (30th of September) was around 38.90 this morning. Under 1-hour-chart technical analysis, the candlestick dropped sharply yesterday (29th). Later, as it also broke through the support level of the ascending channel, the bearish momentum expanded. It is likely to rebound from the bottom.

Currently, the short-swing upper resistance level lies between 39.50~39.60. The current support level lies between 38.20~38.30. Investors who wish to go long could consider buying between 38.80~38.90 in the short-term and setting the stop loss below 38.65.

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

Technical Analysis (Nas100):

The NASDAQ (30th of September) was around 11329.1 this morning. Under 1-hour-chart technical analysis, the candlestick fluctuated slightly yesterday (29th). The candlestick is currently lying near the middle Bollinger Band and fluctuating within a small range, with the bands facing downwards and contracting. It is likely to decline again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 11470.0~11490.0. The current support level lies between 11160.0~11180.0. Investors who wish to sell short could consider selling between 11340.0~11360.0 in the short-term and setting the stop loss above 11400.0.

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

Economic Calendar (30th of September)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.02:00CHYManufacturing PMI (Sep)★★★
2.02:45CHYCaixin Manufacturing PMI (Sep)★★★
3.07:00GBPGDP (QoQ) (Q2)★★★
4.07:00GBPNationwide HPI (MoM) (Sep)★★
5.07:00GBPCurrent Account (Q2)★★
6.07:45EURFrench CPI (MoM)★★
7.08:00CHFKOF Leading Indicators (Sep)★★
8.08:55EURGerman Unemployment Change (Sep)★★★
9.08:55EURGerman Unemployment (Sep)
10.09:00CHFZEW Expectations (Sep)
11.13:15USDADP Nonfarm Employment Change (Sep)★★★
12.13:30CADGDP (MoM) (Jul)★★★
13.13:30USDGDP Price Index (QoQ) (Q2)★★
14.13:30USDReal Consumer Spending (Q2)
15.13:30USDCore PCE Prices (Q2)
16.14:45USDChicago PMI (Sep)★★
17.15:00USDPending Home Sales (MoM) (Aug)
18.15:30USDEIA Refinery Crude Runs (WoW)

(Importance: maximum three stars ★★★)

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