Technical Analysis (XAUUSD)

The price of gold (02nd of October) was around 1905.2 USD/Ounces early today. Under 1-hour-chart technical analysis, the candlestick is currently pulling back and dropping below 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 1904.0~1907.0. The current support level lies between 1885.0~1888.0. Investors who wish to sell short could consider selling between 1893.0~1895.0 in the short-term and setting the stop loss above 1898.5.

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

Technical Analysis (EURUSD):

The price of EUR/USD (02nd of October) was around 1.17445 early today. Under 1-hour-chart technical analysis, the candlestick surged and pulled back, it is now lying between the middle and lower Bollinger Bands, with the bands facing downwards. It is likely to continue dropping.

Currently, the short-swing upper resistance level lies between 1.17400~1.17500. The current support level lies between 1.16800~1.16900. Investors who wish to sell short could consider selling between 1.17200~1.17250 in the short-term and setting the stop loss above 1.17330.

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

Technical Analysis (GBPUSD):

The price of GBP/USD (02nd of October) was around 1.28787 early today. Under 1-hour-chart technical analysis, it pulled back instantly after a skyrocket yesterday (1st). The candlestick is currently lying between the middle and lower Bollinger Bands, with the bands facing downwards and expanding. It is likely to continue dropping.

Currently, the short-swing upper resistance level lies between 1.29000~1.29100. The current support level lies between 1.27800~1.27900.
Investors who wish to sell short could consider selling between 1.28600~1.28700 in the short-term and setting the stop loss above 1.28850.

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

Technical Analysis (AUDUSD):

The price of AUD/USD (02nd of October) was around 0.71831 early today. Under 1-hour-chart technical analysis, the candlestick is currently pulling back after surging, lying between the middle and lower Bollinger Bands, with the bands facing downwards and expanding. It is likely to continue dropping.

Currently, the short-swing upper resistance level lies between 0.71900~0.72000. The current support level lies between 0.71100~0.71200.
Investors who wish to sell short could consider selling between 0.71600~0.71650 in the short-term and setting the stop loss above 0.71780.

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

Technical Analysis (USOUSD):

The price of USO/USD (02nd of October) was around 38.36 this morning. Under 1-hour-chart technical analysis, the candlestick dropped sharply yesterday (1st). It is currently rebounding from the bottom, lying below the 10-days moving average with slight fluctuation. It is likely to rebound from the bottom.

Currently, the short-swing upper resistance level lies between 38.80~38.90. The current support level lies between 37.60~37.70. Investors who wish to go long could consider buying between 38.20~38.30 in the short-term and setting the stop loss below 38.05.

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

Technical Analysis (Nas100):

The NASDAQ (02nd of October) was around 11595.3 this morning. Under 1-hour-chart technical analysis, the candlestick made a small retracement after surging, it is currently lying between the middle and lower Bollinger Bands, with the bands contracting. It is likely to continue dropping.

Currently, the short-swing upper resistance level lies between 11610.0~11630.0. The current support level lies between 11420.0~11440.0. Investors who wish to sell short could consider selling between 11530.0~11550.0 in the short-term and setting the stop loss above 11590.0.

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

Economic Calendar (2nd of October)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.02:30JPYUnemployment Rate (Aug)
2.10:00EURCPI (YoY) (Sep)★★★
3.10:00EURCPI (MoM)★★
4.13:30USDUnemployment Rate (Sep)★★★
5.13:30USDNonfarm Payrolls (Sep)★★★
6.15:00USDMichigan Consumer Sentiment (Sep)★★
7.15:00USDFactory Orders (MoM) (Aug)★★

(Importance: maximum three stars ★★★)

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