Technical Analysis (XAUUSD)

The price of gold (13th of May) was around 1815.5 USD/Ounce early today. Under 1-hour-chart technical analysis, the candlestick pulled back sharply as predicted yesterday (12th). 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 1830.0~1833.0. The current support level lies between 1801.0~1804.0. Investors who wish to sell short could consider selling between 1824.0~1826.0 in the short-term and setting the stop loss above 1829.0.

Technical Analysis (EURUSD):

The price of EUR/USD (13th of May) was around 1.20705 early today. Under 1-hour-chart technical analysis, the candlestick continued declining as predicted yesterday (12th). It is currently lying between the middle and lower Bollinger Bands. The bands are facing downwards, so it is likely to decline gain after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 1.21200~1.21300. The current support level lies between 1.20200~1.20300. Investors who wish to sell short could consider selling between 1.20900~1.21000 in the short-term and setting the stop loss above 1.21150.

Technical Analysis (GBPUSD):

The price of GBP/USD (13th of May) was around 1.40563 early today. Under 1-hour-chart technical analysis, the candlestick pulled back after surging to the resistance level at the swing high as predicted yesterday (12th). It is currently lying between the middle and lower Bollinger Bands. The bands are facing downwards, so it is likely to continue dropping.

Currently, the short-swing upper resistance level lies between 1.41100~1.41200. The current support level lies between 1.39700~1.39800. Investors who wish to sell short could consider selling between 1.40700~1.40800 in the short-term and setting the stop loss above 1.40950.

Technical Analysis (AUDUSD):

The price of AUD/USD (13th of May) was around 0.77268 early today. Under 1-hour-chart technical analysis, the candlestick declined again after rebounding to the resistance level as predicted yesterday (12th). 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 0.77850~0.77900. The current support level lies between 0.76800~0.76850. Investors who wish to sell short could consider selling between 0.77300~0.77350 in the short-term and setting the stop loss above 0.77420.

Technical Analysis (USOUSD):

The price of USO/USD (13th of May) was around 65.78 this morning. Under 1-hour-chart technical analysis, the candlestick rebounded again after the pullback as predicted yesterday (12th). It is currently rebounding the lying between the middle and lower Bollinger Bands. The bands are facing downwards, so it is likely to decline.

Currently, the short-swing upper resistance level lies between 66.50~66.70. The current support level lies between 64.25~64.45. Investors who wish to sell short could consider selling between 65.70~65.90 in the short-term and setting the stop loss above 66.15.

Technical Analysis (Nas100):

The NASDAQ (13th of May) was around 12982.5 this morning. Under 1-hour-chart technical analysis, the candlestick declined again after rebounding to the resistance level yesterday (12th). It is currently rebounding and 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 13200.0~13220.0. The current support level lies between 12900.0~12920.0. Investors who wish to sell short could consider selling between 13100.0~13130.0 in the short-term and setting the stop loss above 13160.0.

Economic Calendar (13th of May)

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

 TimeCurrencyDataImportance
1.00:50JPYCurrent Account n.s.a. (Mar)★★
2.13:30USDInitial Jobless Claims★★★★
3.13:30USDPPI (MoM) (Apr)★★★
4.15:30USDNatural Gas Storage  

(Importance: maximum three stars★★★)

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