Technical Analysis (XAUUSD)

The price of gold (14th of May) was around 1826.3 USD/Ounce early today. Under 1-hour-chart technical analysis, the candlestick continued dropping as predicted yesterday (13th). It is currently rebounding and fluctuating around the middle Bollinger Band. The bands are forming a bearish pattern, so it is likely to decline again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 1832.0~1835.0. The current support level lies between 1805.0~1808.0. 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 (14th of May) was around 1.20829 early today. Under 1-hour-chart technical analysis, the candlestick dropped again as predicted yesterday (13th). It is currently rebounding and fluctuating around the middle Bollinger Band. The bands are contracting, so it is likely to decline again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 1.21000~1.21100. 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 (14th of May) was around 1.40481 early today. Under 1-hour-chart technical analysis, the candlestick dropped again as predicted yesterday (13th). It is currently fluctuating around the middle Bollinger Band. The bands continue facing downwards, so it is likely to decline gain after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 1.40900~1.41000. 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 (14th of May) was around 0.77254 early today. Under 1-hour-chart technical analysis, the candlestick dropped again after rebounding to the resistance level as predicted yesterday (13th). It is currently fluctuating around the middle Bollinger Band. The bands are flat, so it is likely to drop again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 0.77750~0.77800. The current support level lies between 0.76750~0.76800. Investors who wish to sell short could consider selling between 0.77250~0.77300 in the short-term and setting the stop loss above 0.77400.

Technical Analysis (USOUSD):

The price of USO/USD (14th of May) was around 63.79 this morning. Under 1-hour-chart technical analysis, the candlestick plummeted as predicted yesterday (13th). It is currently rebounding and lying between the middle and lower Bollinger Bands. The bands continue facing downwards and expanding, so it is likely to continue declining after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 64.50~64.70. The current support level lies between 62.50~62.70. Investors who wish to sell short could consider selling between 63.80~63.90 in the short-term and setting the stop loss above 64.10.

Technical Analysis (Nas100):

The NASDAQ (14th of May) was around 13100.2 this morning. Under 1-hour-chart technical analysis, the candlestick declined again after rebounding to the resistance level as predicted yesterday (13th), it then rebounded from the bottom. It is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards, so it is likely to continue rebounding.

Currently, the short-swing upper resistance level lies between 13280.0~13300.0. The current support level lies between 12900.0~12920.0. Investors who wish to go long could consider buying between 13130.0~13150.0 in the short-term and setting the stop loss below 13100.0.

Economic Calendar (14th of May)

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

 TimeCurrencyDataImportance
1.13:30CADWholesale Sales (MoM) (Mar)★★
2.13:30USDRetail Sales (MoM) (Apr)★★★★
3.13:30USDImport Price Index (MoM) (Apr)★★
4.14:15USDIndustrial Production (MoM) (Apr)★★
5.15:00USDBusiness Inventories (MoM) (Mar)★★
6.15:00USDMichigan Consumer Sentiment (May)★★

(Importance: maximum three stars★★★)

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