Technical Analysis (XAUUSD)

The price of gold (11st of May) was around 1835.6 USD/Ounce early today. Under 1-hour-chart technical analysis, the candlestick surged again as predicted yesterday (10th), it then pulled back. It is currently lying between the middle and lower Bollinger Bands. The bands are facing downwards, so it is likely to drop again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 1842.0~1844.0. The current support level lies between 1813.0~1815.0. Investors who wish to sell short could consider selling between 1835.0~1837.0 in the short-term and setting the stop loss above 1840.0.

Technical Analysis (EURUSD):

The price of EUR/USD (11st of May) was around 1.21313 early today. Under 1-hour-chart technical analysis, the candlestick pulled back after the surge as predicted yesterday (10th). It is currently lying between the middle and lower Bollinger Bands. The bands are facing downwards, so it is likely to drop again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 1.21500~1.21600. The current support level lies between 1.20800~1.20900. Investors who wish to sell short could consider selling between 1.21300~1.21400 in the short-term and setting the stop loss above 1.21550.

Technical Analysis (GBPUSD):

The price of GBP/USD (11st of May) was around 1.41187 early today. Under 1-hour-chart technical analysis, the candlestick continued rising yesterday (10th). It is currently pulling back from high and fluctuating around the middle Bollinger Band, so it is likely to decline after dipping below the middle band.

Currently, the short-swing upper resistance level lies between 1.41500~1.41600. The current support level lies between 1.40400~1.40500. Investors who wish to sell short could consider selling between 1.41200~1.41300 in the short-term and setting the stop loss above 1.41450.

Technical Analysis (AUDUSD):

The price of AUD/USD (11st of May) was around 0.78300 early today. Under 1-hour-chart technical analysis, the candlestick rebounded again as predicted yesterday (10th), it then pulled back. It is currently lying between the middle and lower Bollinger Bands. The bands are facing downwards, so it is likely to fall again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 0.78600~0.78650. The current support level lies between 0.77900~0.77950. Investors who wish to sell short could consider selling between 0.78450~0.78500 in the short-term and setting the stop loss above 0.78560.

Technical Analysis (USOUSD):

The price of USO/USD (11st of May) was around 64.91 this morning. Under 1-hour-chart technical analysis, the candlestick pulled back sharply after rebounding to the resistance level yesterday (10th). It is currently lying between the middle and lower Bollinger Bands. The bands are facing downwards, so it is likely to continue declining.

Currently, the short-swing upper resistance level lies between 65.60~65.80. The current support level lies between 63.20~63.40. Investors who wish to sell short could consider selling between 64.50~64.70 in the short-term and setting the stop loss above 64.95.

Technical Analysis (Nas100):

The NASDAQ (11st of May) was around 13328.3 this morning. Under 1-hour-chart technical analysis, the candlestick dropped sharply after rebounding to the resistance level yesterday (10th). It is currently forming a bearish pattern. The bands are facing downwards and expanding at the same time, so it is likely to decline again after rebounding to the resistance level.  

Currently, the short-swing upper resistance level lies between 13430.0~13450.0. The current support level lies between 13100.0~13120.0. Investors who wish to sell short could consider selling between 13220.0~13240.0 in the short-term and setting the stop loss above 13270.0.

Economic Calendar (11st of May)

(Source: uk.investing.com: https://uk.investing.com/economic-calendar/)

 TimeCurrencyDataImportance
1.02:30CHYCPI (YoY) (Apr)★★
2.09:00CHYM2 Money Stock (YoY)
3.10:00EURGerman ZEW Economic Sentiment (May)★★★
4.10:00EURZEW Economic Sentiment (May)★★★
5.11:00USDNFIB Small Business Optimism (Apr)

(Importance: maximum three stars★★★)

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