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.

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.

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.

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.

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.

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.

Economic Calendar (30^th of September)

(Source: uk.investing.com)

	Time	Currency	Data	Importance
1.	02:00	CHY	Manufacturing PMI (Sep)	★★★
2.	02:45	CHY	Caixin Manufacturing PMI (Sep)	★★★
3.	07:00	GBP	GDP (QoQ) (Q2)	★★★
4.	07:00	GBP	Nationwide HPI (MoM) (Sep)	★★
5.	07:00	GBP	Current Account (Q2)	★★
6.	07:45	EUR	French CPI (MoM)	★★
7.	08:00	CHF	KOF Leading Indicators (Sep)	★★
8.	08:55	EUR	German Unemployment Change (Sep)	★★★
9.	08:55	EUR	German Unemployment (Sep)	★
10.	09:00	CHF	ZEW Expectations (Sep)	★
11.	13:15	USD	ADP Nonfarm Employment Change (Sep)	★★★
12.	13:30	CAD	GDP (MoM) (Jul)	★★★
13.	13:30	USD	GDP Price Index (QoQ) (Q2)	★★
14.	13:30	USD	Real Consumer Spending (Q2)	★
15.	13:30	USD	Core PCE Prices (Q2)	★
16.	14:45	USD	Chicago PMI (Sep)	★★
17.	15:00	USD	Pending Home Sales (MoM) (Aug)	★
18.	15:30	USD	EIA 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.