Technical Analysis (XAUUSD)

The Forex trading technical analysis for the price of gold (29th of December) reveals it was around 1873.5 USD/Ounce early today. Under 1-hour-chart technical analysis, it skyrocketed as predicted yesterday (28th), then it pulled back. The candlestick is currently fluctuating below the middle Bollinger Band, so it is likely to rebound again after standing firmly on the middle band.

Currently, the short-swing upper resistance level lies between 1888.0~1890.0. The current support level lies between 1866.0~1868.0. Investors who wish to go long could consider buying between 1875.0~1877.0 in the short-term and setting the stop loss below 1872.0.

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

Technical Analysis (EURUSD):

The price of EUR/USD (29th of December) was around 1.22079 early today. Under 1-hour-chart technical analysis, it pulled back after rebounding to the resistance level as predicted yesterday (28th). The candlestick is currently lying between the middle and upper Bollinger Bands. The bands face upwards, so it is likely to rebound again after a pullback.

Currently, the short-swing upper resistance level lies between 1.22500~1.22600. The current support level lies between 1.21900~1.22000. Investors who wish to go long short could consider buying between 1.22150~1.22250 in the short-term and setting the stop loss below 1.22030.

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

Technical Analysis (GBPUSD):

The price of GBP/USD (29th of December) was around 1.34487 early today. Under 1-hour-chart technical analysis, it pulled back sharply after rebounding to the resistance level as predicted yesterday (28th). The candlestick is currently lying between the middle and lower Bollinger Bands. The bands are facing downwards, so it is likely to decline again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 1.35300~1.35500. The current support level lies between 1.33700~1.33900. Investors who wish to sell short could consider selling between 1.34800~1.34950 in the short-term and setting the stop loss above 1.35100.

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

Technical Analysis (AUDUSD):

The price of AUD/USD (29th of December) was around 0.75780 early today. Under 1-hour-chart technical analysis, it pulled back after surging to the resistance level yesterday (28th). The candlestick is currently rebounding and lying between the middle and upper Bollinger Bands. The bands face upwards, so it is likely to rebound again after a pullback.

Currently, the short-swing upper resistance level lies between 0.76200~0.76300. The current support level lies between 0.75600~0.75700. Investors who wish to go long could consider buying between 0.75900~0.75950 in the short-term and setting the stop loss below 0.75800.

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

Technical Analysis (USOUSD):

The price of USO/USD (29th of December) was around 47.58 this morning. Under 1-hour-chart technical analysis, it rose as predicted yesterday (28th). The candlestick is currently rebounding and lying below the middle Bollinger Band. The bands are facing downwards, so it is likely to decline again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 48.30~48.50. The current support level lies between 46.60~46.80. Investors who wish to sell short could consider selling between 47.85~48.00 in the short-term and setting the stop loss above 48.15.

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

Technical Analysis (Nas100):

The NASDAQ (29th of December) was around 12857.4 this morning. Under 1-hour-chart technical analysis, it skyrocketed as predicted yesterday (28th), the candlestick is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards, so it is likely to rebound again after a pullback.

Currently, the short-swing upper resistance level lies between 12920.0~12940.0. The current support level lies between 12800.0~12820.0. Investors who wish to go long could consider buying between 12850.0~12870.0 in the short-term and setting the stop loss below 12820.0.

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

Economic Calendar (29th of December)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.15:00USDS&P/CS HPI Composite – 20 n.s.a. (YoY) (Oct)★★

(Importance: maximum three stars ★★★)

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