Technical Analysis (XAUUSD)

The gold price (27th of July) lies around 1901.4 early today. Under 1-hour technical chart, the price continued to surge and broke 1900.0 USD/Ounces as predicted last Friday (24th). The trendline currently falls into the middle and upper Bollinger Band, with the continuation of its bullish expansion. Since the price has already reached to an all-time high, there might be a chance to go through a small retracement before it continues to raise.

Technically, the short-swing upper resistance level lies between 1930.0~1932.0. The support level is between 1900.0~1902.0. Investors who wish to go long could consider buying between 1918.0~1920.0 in the short-term and set stop loss below 1915.5.

xauusd

Technical Analysis (EURUSD):

EUR/USD (27th of July) lies around 1.16433 in the morning session. Under 1-hour technical chart, Euro hit a recent high since last Friday (24th). As U.S. dollar continues to slump; making Euro to rise sharply. The trendline swings between the middle and upper Bollinger Band, with the continuation of its bullish expansion. It is likely to continue the upward momentum.

Currently, the short-swing upper resistance level lies between 1.17400~1.17500. The current support level is between 1.16400~1.16500. Investors who wish to go long could consider buying between 1.16980~1.17050 in the short-term and set stop loss below 1.16850.

eurusd

Technical Analysis (GBPUSD):

GBP/USD (27th of July) lies around 1.27917 level early today. Under 1-hour technical chart. It surged after breaking through the resistance zone since last Friday (24th). The pair is trading within the middle and upper level of the Bollinger Band. Our view stays bullish on GBP/USD and there might be a chance to remain the upward momentum.

The short-swing upper resistance level lies between 1.28800~1.28900. The current support is at 1.28100~1.28200 level. Investors who wish to go long could consider buying between 1.28350~1.28420 in the short-term and set stop loss below 1.28240.

gbpusd

Technical Analysis (AUDUSD):

AUD/USD (27th of July) traded at around 0.70953 early this morning. Under 1-hour technical chart, it dropped last Friday (24th) as predicted. The trendline rebounded and hit the upper area of the Bollinger Band. The trend reversed and there might be a chance to continue rebounding.

Technically, the short-swing upper resistance level lies between 0.71700~0.71750. The current support lies between 0.71000~0.71050 level.

Investors who wish to go long could consider buying carefully between 0.71300~0.71350 in the short-term and set stop loss below 0.71220.

audusd

Technical Analysis (USOUSD):

USO/USD (27th of July) traded around 41.02 early this morning. Under 1-hour technical chart, the oil price started a downtrend after hitting the resistance level. The price now stabilized at the upper area of the Bollinger band and is likely to go down further after a short term rebound.

The short-swing upper resistance lies between 41.55~41.65 level, while the support lies between 40.30~40.40 level. Investors who wish to go long could consider buying between 41.00~41.15 in the short-term and set stop loss below 40.82.

usousd

Technical Analysis (Nas100):

The NASDAQ (27th of July) was around 10499.7 early this morning. Under 1-hour technical chart, it opened a downtrend after hitting the upper resistance level last Friday (24th) as predicted. The price is currently trading between the middle and upper Bollinger band, which is likely to continue with small rebounds.

The short-swing upper resistance level lies between 10690.0~10700.0. The current support is between 10400.0~10410.0 level. Investors who wish to go long could consider buying between 10530.0~10550.0 in the short-term and set stop loss below 10490.0.

nas100

Economy Calendar (27th of July)

(Source: uk.investing.com)

 TimeDataImportance
1.09:00German Ifo Business Climate Index (Jul)★★★
2.13:30Durable Goods Orders (MoM) (Jun)★★★
3.15:30Dallas Fed Mfg Business Index (Jul)★★★

(Importance: maximum five stars ★★★★★)

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