Technical Analysis (XAUUSD)

The price of gold (30th of July) was around 1969.8 early today. Under 1-hour-chart technical analysis, it surged after a small retracement. The candlestick currently lies between the middle and upper Bollinger Bands, with the bands facing upwards and looking bullish. The price is likely to continue rising.

Currently, the short-swing upper resistance level lies between 1980.0~1981.0. The current support level lies between 1940.0~1941.0. Investors who wish to go long could consider buying between 1962.0~1964.0 in the short-term and setting the stop loss below 1958.0.

xauusd

Technical Analysis (EURUSD):

The price of EUR/USD (30th of July) was around 1.17911 early today. Under 1-hour-chart technical analysis, it rose again after correction. The candlestick currently pulls back and settles above the middle Bollinger Band, with the bands facing upwards and looking bullish. The price is likely go up again after correction.

Currently, the short-swing upper resistance level lies between 1.18200~1.18300. The current support level lies between 1.17200~1.17300. Investors who wish to go long could consider buying between 1.17700~1.17800 in the short-term and setting the stop loss below 1.17580.

eurusd

Technical Analysis (GBPUSD):

The price of GBP/USD (30th of July) was around 1.29970 early today. Under 1-hour-chart technical analysis, it rose again after correction. The candlestick currently pulls back from high and lies between the middle and upper Bollinger Bands, with the bands facing upwards. Therefore, it is likely to rise again after correction.

Currently, the short-swing upper resistance level lies between 1.30300~1.30400. The current support level lies between 1.29200~1.29300. Investors who wish to go long could consider buying between 1.29800~1.29900 in the short-term and setting the stop loss below 1.29350.

gbpusd

Technical Analysis (AUDUSD):

The price of AUD/USD (30th of July) was around 0.71893 this morning. Under 1-hour-chart technical analysis, the candlestick rose again and challenged the swing high yesterday. It currently lies between the middle and upper Bollinger Bands, with the bands facing up and looking bullish. The price is likely to continue rising.

Currently, the short-swing upper resistance level lies between 0.72050~0.72100. The current support level lies between 0.71450~0.71500.

Investors who wish to go long could consider buying between 0.71750~0.71800 in the short-term and setting the stop loss below 0.71650.

audusd

Technical Analysis (USOUSD):

The price of USO/USD (30th of July) was around 41.12 this morning. Under 1-hour-chart technical analysis, the candlestick went up and pulled back as predicted yesterday (29th). The candlestick is currently fluctuating near the middle Bollinger Band, with the bands facing upwards. Therefore, it is likely to continue rising.

Currently, the short-swing upper resistance level lies between 41.45~41.55. The current support level lies between 40.40~40.50. Investors who wish to go long could consider buying between 41.05~41.10 in the short-term and setting the stop loss below 40.95.

usousd

Technical Analysis (Nas100):

The NASDAQ (30th of July) was around 10709.4 this morning. Under 1-hour-chart technical analysis, the price is experiencing small retracement, and the candlestick currently lies between the middle and upper Bollinger Bands, with the bands facing upwards. Therefore, the price is likely to continue rising.

Currently, the short-swing upper resistance level lies between 10790.0~10800.0. The current support level lies between 10600.0~10610.0. Investors who wish to go long could consider buying between 10670.0~10690.0 in the short-term and setting the stop loss below 10630.0.

nas100  technical analysis

Economy Calendar (30th of July)

(Source: uk.investing.com)

 TimeDataImportance
1.08:00KOF Leading Indicators (Jul)★★★
2.08:55German Unemployment Change (Jul)★★★
3.08:55German Unemployment Rate (Jul)★★★
4.09:00German GDP (YoY) (Q2)★★★
5.10:00Unemployment Rate (Jun)★★★
6.10:00Industrial Sentiment (Jul)★★★
7.10:00Consumer Confidence (Jul)★★★
8.10:00Business Climate (Jul)★★★
9.13:00German CPI (MoM) (Jul)★★★
1013:30Initial Jobless Claim★★★★
1113:30GDP Price Index (Q2)★★★
1213:30Real Consumer Spending (Q2)★★★
1313:30Core PCE Prices (Q2)★★★
1415:30Natural Gas Storage★★★

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

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