Technical Analysis (XAUUSD)

The Forex trading technical analysis for the price of gold (11th of December) was around 1836.2 USD/Ounce early today. Under 1-hour-chart technical analysis, the candlestick pulled back after rebounding to the resistance level as predicted yesterday (10th), it is currently standing above the middle Bollinger Band. The bands are contracting, so it is likely to rebound after standing firmly on the middle band.

Currently, the short-swing upper resistance level lies between 1851.0~1853.0. The current support level lies between 1828.0~1830.0. Investors who wish to go long could consider buying between 1836.5~1838.5 in the short-term and setting the stop loss below 1832.5.

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

Technical Analysis (EURUSD):

The price of EUR/USD (11th of December) was around 1.21402 early today. Under 1-hour-chart technical analysis, it skyrocketed after a pullback yesterday (10th). The candlestick is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards, so it is likely to rise again after a pullback.

Currently, the short-swing upper resistance level lies between 1.21800~1.21900. The current support level lies between 1.21200~1.21300. Investors who wish to go long could consider buying between 1.21450~1.21550 in the short-term and setting the stop loss below 1.21300.

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

Technical Analysis (GBPUSD):

The price of GBP/USD (11th of December) was around 1.33005 early today. Under 1-hour-chart technical analysis, it pulled back sharply as predicted yesterday (10th), the candlestick is currently standing above the middle Bollinger Band. The bands are facing upwards, so it is likely to rebound.

Currently, the short-swing upper resistance level lies between 1.33700~1.33800. The current support level lies between 1.32600~1.32700. Investors who wish to go long could consider buying between 1.33050~1.33150 in the short-term and setting the stop loss below 1.32900.

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

Technical Analysis (AUDUSD):

The price of AUD/USD (11th of December) was around 0.75319 early today. Under 1-hour-chart technical analysis, it skyrocketed as predicted yesterday (10th). The candlestick is currently lying above the middle Bollinger Band. The bands are facing upwards, so it is likely to continue rising.

Currently, the short-swing upper resistance level lies between 0.75800~0.75900, The current support level lies between 0.74900~0.75000. Investors who wish to go long could consider buying between 0.75400~0.75450 in the short-term and setting the stop loss below 0.75320.

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

Technical Analysis (USOUSD):

The price of USO/USD (11th of December) was around 45.54 this morning. Under 1-hour-chart technical analysis, the candlestick skyrocketed after breaking out the resistance level as predicted yesterday (10th), it is currently lying above the middle Bollinger Band. The bands are facing upwards, so it is likely to continue rising.

Currently, the short-swing upper resistance level lies between 47.58~47.70. The current support level lies between 46.30~46.40. Investors who wish to go long could consider buying between 47.10~47.20 in the short-term and setting the stop loss below 46.90.

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

Technical Analysis (Nas100):

The NASDAQ (11th of December) was around 12398.5 this morning. Under 1-hour-chart technical analysis, it skyrocketed after touching the bottom as predicted yesterday (10th). The candlestick is currently lying above the middle Bollinger Band. The bands are facing upwards, so it is likely to continue rebounding.

Currently, the short-swing upper resistance level lies between 12460.0~12490.0. The current support level lies between 12230.0~12260.0. Investors who wish to go long could consider buying between 12350.0~12370.0 in the short-term and setting the stop loss below 12310.0.

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

Economic Calendar (11th of December)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.08:00EURGerman CPI (MoM) (Nov)★★
2.14:30USDPPI (MoM) (Nov)★★★
3.16:00USDMichigan Consumer Sentiment (Dec)★★

(Importance: maximum three stars ★★★)

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