Technical Analysis (XAUUSD)

The price of gold (12th of August) was around 1910.2 USD/Ounces early today. Under 1-hour-chart technical analysis, it plummeted as predicted yesterday (11th). Gold prices continued to fall further after falling below 2000 U.S. dollar. Afterwards, the candlestick rebounded slightly from the bottom. It is likely to rebound from the bottom after stop falling.

Currently, the short-swing upper resistance level lies between 1928.0~1930.0. The current support level lies between 1872.0~1874.0. Investors who wish to go long could consider buying between 1885.0~1890.0 in the short-term and setting the stop loss below 1881.5.

XAUUSD

Technical Analysis (EURUSD):

The price of EUR/USD (12th of August) was around 1.17401 early today. Under 1-hour-chart technical analysis, it declined after rebound in the resistance zone as predicted yesterday (11th). Currently the candlestick lies between the middle and lower Bollinger Bands, with the bands continue to face downwards and expanding. It is likely to decline again.

Currently, the short-swing upper resistance level lies between 1.17400~1.17500. The current support level lies between 1.16700~1.16800. Investors who wish to sell short could consider selling between 1.17200~1.17250 in the short-term and setting the stop loss above 1.17350.

EURUSD

Technical Analysis (GBPUSD):

The price of GBP/USD (12th of August) was around 1.30492 early today. Under 1-hour-chart technical analysis, it rebounded as predicted yesterday (11th). The U.S. dollar rose sharply again, making the candlestick to slump. Currently, the Bollinger Bands is facing downwards. It is likely to drop.

Currently, the short-swing upper resistance level lies between 1.30500~1.30600. The current support level lies between 1.29800~1.29900.
Investors who wish to sell short could consider selling between 1.30280~1.30350 in the short-term and setting the stop loss above 1.30440.

GBPUSD

Technical Analysis (AUDUSD):

The price of AUD/USD (12th of August) was around 0.71407 early today. Under 1-hour-chart technical analysis, it declined after rebounded to the resistance zone as predicted yesterday (11th). The candlestick currently lies between the middle and lower Bollinger Bands, with the bands facing downwards. It is likely to fall again after rebound to the resistance zone.

Currently, the short-swing upper resistance level lies between 0.71450~0.71550. The current support level lies between 0.70850~0.70950.
Investors who wish to sell short could consider selling between 0.71220~0.71250 in the short-term and setting the stop loss above 0.71340.

AUDUSD

Technical Analysis (USOUSD):

The price of USO/USD (12th of August) was around 41.52 this morning. Under 1-hour-chart technical analysis, it pulled back after failing to surge. The candlestick currently lies between the middle and lower Bollinger Bands, with the bands facing downwards. It is likely to decline again after rebound in the resistance zone.

Currently, the short-swing upper resistance level lies between 42.00~42.10. The current support level lies between 40.90~41.00. Investors who wish to sell short could consider selling between 41.55~41.65 in the short-term and setting the stop loss above 41.80.

US OIL

Technical Analysis (Nas100):

The NASDAQ (11th of August) was around 10947.0 this morning. Under 1-hour-chart technical analysis, it declined again after failing to rebound as predicted yesterday (11th). The candlestick is currently making a slight rebound from the bottom, with the Bollinger Bands continue to face downwards. It is likely to go down again after a rebound to the resistance zone.

Currently, the short-swing upper resistance level lies between 10990.0~11000.0. The current support level lies between 10750.0~10760.0. Investors who wish to sell short could consider selling between 10920.0~10940.0 in the short-term and setting the stop loss above 10960.0.

NAS100

Economic Calendar (12th of August)

(Source: uk.investing.com: )

 TimeCurrencyDataImportance
1.(8/11) 21:30USDAPI Weekly Crude Oil Stock★★
2.03:00NZDInterest Rate Decision★★★
3.07:00GBPGDP (YoY) (Q2)★★★
4.07:00GBPMonthly GDP 3M/3M Change★★★
5.07:00GBPManufacturing Production (YoY) (Jun)
6.07:00GBPTrade Balance (Jun)★★
7.07:00GBPIndustrial Production (YoY) (Jun)
8.10:00EURIndustrial Production (YoY) (Jun)
9.13:30USDCPI (MoM) (Jul)★★
10.15:30USDEIA Weekly Refinery Utilization Rates (WoW)

(Importance: maximum three stars ★★★)

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