Technical Analysis (XAUUSD)

The price of gold (11th of August) was around 2028.2 USD/Ounces early today. Under 1-hour-chart technical analysis, it pulled-back after rebound as predicted yesterday (10th). The candlestick currently lies between the middle and lower Bollinger Bands, with the bands facing downwards and expanding. It is likely to decline after touching the resistance level.

Currently, the short-swing upper resistance level lies between 2038.0~2040.0. The current support level lies between 2002.0~2004.0. Investors who wish to sell short could consider selling between 2020.0~2022.0 in the short-term and setting the stop loss above 2026.5.

XAUUSD

Technical Analysis (EURUSD):

The price of EUR/USD (11th of August) was around 1.17382 early today. Under 1-hour-chart technical analysis, it dropped again after a rebound as predicted yesterday (10th). The candlestick is currently bouncing back from the bottom, and the Bollinger Bands keep facing downwards and expanding. It is likely to drop again after touching the resistance level.

Currently, the short-swing upper resistance level lies between 1.17700~1.17800. The current support level lies between 1.17000~1.17100. Investors who wish to sell short could consider selling between 1.17450~1.17550 in the short-term and setting the stop loss above 1.17660.

EURUSD

Technical Analysis (GBPUSD):

The price of GBP/USD (11th of August) was around 1.30688 early today. Under 1-hour-chart technical analysis, it declined as predicted yesterday (10th). The candlestick currently rebounds sharply from the bottom and lies above the middle Bollinger Band, with the bands facing upwards. It is likely to continue rebounding.

Currently, the short-swing upper resistance level lies between 1.31150~1.31200. The current support level lies between 1.30450~1.30500.
Investors who wish to go long could consider buying between 1.30800~1.30870 in the short-term and setting the stop loss below 1.30700.

GBPUSD

Technical Analysis (AUDUSD):

The price of AUD/USD (11th of August) was around 0.71499 early today. Under 1-hour-chart technical analysis, it dropped as predicted yesterday (10th). The candlestick currently forms a consolidation zone and starts to fluctuate. It is likely to go down again after rebounding to the resistance level

Currently, the short-swing upper resistance level lies between 0.71900~0.71950. The current support level lies between 0.71350~0.71400.
Investors who wish to sell short could consider selling between 0.71700~0.71750 in the short-term and setting the stop loss above 0.71850.

Australian Dollar vs US Dollar

Technical Analysis (USOUSD):

The price of USO/USD (11th of August) was around 41.84 this morning. Under 1-hour-chart technical analysis, the candlestick currently lies between the middle and upper Bollinger Bands, with the bands continuing to face upwards. It is likely to continue rebounding.

Currently, the short-swing upper resistance level lies between 42.70~42.80. The current support level lies between 40.90~41.00. Investors who wish to go long could consider buying between 42.10~42.20 in the short-term and setting the stop loss below 41.90.

US OIL

Technical Analysis (Nas100):

The NASDAQ (11th of August) was around 11076.2 this morning. Under 1-hour-chart technical analysis, it dropped after failing to rebound as predicted yesterday (10th). The candlestick currently rebounds from the bottom, with the Bollinger Bands continuing to face downwards. It is likely to drop again after rebounding to the resistance level.

NAS100

Currently, the short-swing upper resistance level lies between 11180.0~11200.0. The current support level lies between 10960.0~10980.0. Investors who wish to sell short could consider selling between 11120.0~11140.0 in the short-term and setting the stop loss above 11170.0.

Economic Calendar (11th of August)

 TimeCurrencyDataImportance
1.00:50JPYTrade Balance – BOP Basis (Jun)★★★
2.07:00GBPILO Unemployment Rate (3M)(Jun)★★★
4.07:00GBPClaimant Count Change(Jul)★★★
6.10:00EURZEW Survey – Economic Sentiment(Aug)
(Germany)
★★★
7.10:00EURZEW Survey – Economic Sentiment(Aug) (EU)★★★
8.11:00USDNFIB Business Optimism Index(Jul)★★★
9.13:30USDProducer Price Index ex Food & Energy (YoY)(Jul)★★★

(Importance: maximum three stars ★★★)

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