Technical Analysis (XAUUSD)

The price of gold (18th of May) was around1866.1USD/Ounceearly today. Under 1-hour-chart technical analysis, the candlestick rebounded sharply again after the pullback as predicted yesterday (17th). It is currently 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 1876.0~1879.0. The current support level lies between1846.0~1849.0. Investors who wish to go long could consider buying between 1865.0~1867.0in the short-term and setting the stop loss below1862.0.

Technical Analysis (EURUSD):

The price of EUR/USD (18th of May) was around 1.21528early today. Under 1-hour-chart technical analysis, the candlestick surged again after the pullback yesterday (17th). It is currently pulling back and lying above the middle Bollinger Band. The bands continue facing upwards, so it is likely to continue rebounding.

Currently, the short-swing upper resistance level lies between1.21800~1.21900. The current support level lies between1.21300~1.21400. Investors who wish togo longcould consider buying between 1.21500~1.21600in the short-term and setting the stop loss below1.21400.

Technical Analysis (GBPUSD):

The price of GBP/USD (18th of May) was around 1.41357early today. Under 1-hour-chart technical analysis, the candlestick continued surging yesterday (17th). It is currently lying between the middle and upper Bollinger Bands. The bands continue facing upwards, so it is likely to continue rising sharply.

Currently, the short-swing upper resistance level lies between 1.42250~1.42350. The current support level lies between1.41300~1.41400. Investors who wish to go long could consider buying between 1.41600~1.41700in the short-term and setting the stop loss below1.41450.

Technical Analysis (AUDUSD):

The price of AUD/USD (18th of May) was around 0.77663early today. Under 1-hour-chart technical analysis, the candlestick continued rebounding yesterday (17th). It is currently forming a bullish pattern, lying above the middle Bollinger Band. The bands continue facing upwards, so it is likely to continue rebounding.

Currently, the short-swing upper resistance level lies between0.78200~0.78300. The current support level lies between0.77500~0.77600. Investors who wish to go long could consider buying between 0.77800~0.77880in the short-term and setting the stop loss below0.77750.

Technical Analysis (USOUSD):

The price of USO/USD (18th of May) was around66.32this morning. Under 1-hour-chart technical analysis, the candlestick continued rising as predicted yesterday (17th). 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 between67.10~67.30. The current support level lies between65.70~65.90. Investors who wish to go long could consider buying between 66.30~66.50in the short-term and setting the stop loss below66.10.

Technical Analysis (Nas100):

The NASDAQ (18th of May) was around 13377.0this morning. Under 1-hour-chart technical analysis,the candlestick continued rebounding slightly as predicted yesterday (17th). 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 13500.0~13530.0. The current support level lies between13190.0~13220.0. Investors who wish to go long could consider buying between13330.0~13350.0in the short-term and setting the stop loss below 13300.0.

Economic Calendar (18thof May)

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

 TimeCurrencyDataImportance
1.07:00GBPEmployment Change 3M/3M (MoM) (Mar)★★
2.07:00GBP  Claimant Count Change (Apr)★★★
3.10:00EUR  GDP (YoY) (Q1)★★
4.10:00EUR  Employment Overall (Q1)
5.10:00EUR  Trade Balance (Mar)★★
6.13:30USD  Housing Starts (Apr)★★
7.13:30USD  Building Permits (Apr)  ★★★

(Importance: maximum three stars★★★)

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