Technical Analysis (XAUUSD)

The price of gold (17th of May) was around 1844.8 USD/Ounce early today. Under 1-hour-chart technical analysis, the candlestick skyrocketed after the pullback last Friday 14. It is currently rebounding and lying between the middle and upper Bollinger Bands. The bands are forming a bullish pattern, so it is likely to continue rebounding.

Currently, the short-swing upper resistance level lies between 1860.0~1862.0. The current support level lies between 1836.0~1838.0. Investors who wish to go long could consider buying between 1850.0~1852.0 in the short-term and setting the stop loss below 1847.0.

Technical Analysis (EURUSD):

The price of EUR/USD (17th of May) was around 1.21402 early today. Under 1-hour-chart technical analysis, the candlestick surged again as predicted last Friday (14th). It is currently pulling back and lying below the middle Bollinger Band. THe bands are facing downwards, so it is likely to decline 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 (17th of May) was around 1.40957 early today. Under 1-hour-chart technical analysis, the candlestick surged again last Friday (14th). 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 1.41100~1.41200. The current support level lies between 1.40000~1.40100. Investors who wish to sell short could consider selling between 1.40800~1.40900 in the short-term and setting the stop loss above 1.41050.

Technical Analysis (AUDUSD):

The price of AUD/USD (17th of May) was around 0.77726 early today. Under 1-hour-chart technical analysis, the candlestick continued rebounding last Friday (14th). It is currently pulling back and lying below the middle Bollinger Band. 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 0.76900~0.76950. Investors who wish to sell short could consider selling between 0.77500~0.77580 in the short-term and setting the stop loss above 0.77670.

Technical Analysis (USOUSD):

The price of USO/USD (17th of May) was around 65.44 this morning. Under 1-hour-chart technical analysis, the candlestick surged last Friday (14th). It is currently pulling back and lying between the middle and upper Bollinger Bands. The bands continue facing upwards, so it is likely to rebound again after the reverse.

Currently, the short-swing upper resistance level lies between 66.40~66.60. The current support level lies between 64.40~64.60. Investors who wish to go long could consider buying between 65.20~65.40 in the short-term and setting the stop loss below 65.00.

Technical Analysis (Nas100):

The NASDAQ (17th of May) was around 13388.3 this morning. Under 1-hour-chart technical analysis, the candlestick continued rebounding as predicted last Friday (14 th). It is currently lying between the middle and upper Bollinger Bands. The bands continue facing upwards, so it is likely to continue rebounding.

Currently, the short-swing upper resistance level lies between 13500.0~13520.0. The current support level lies between 13200.0~13220.0. Investors who wish to go long could consider buying between 13330.0~13350.0 in the short-term and setting the stop loss below 13300.0.

Economic Calendar (17thof May)

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

 TimeCurrencyDataImportance
1.13:30USD  NY Empire State Manufacturing Index (May)  ★★
2.15:00USD  NAHB Housing Market Index (May)

(Importance: maximum three stars★★★)

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