Technical Analysis (XAUUSD)

The price of gold (18th of August) was around 1985.4 USD/Ounces early today. Under 1-hour-chart technical analysis, the candlestick rose slowly from the bottom(17th). It currently lies between the middle and lower Bollinger Bands, with the bands facing upwards and looking bullish. It is likely to rise again after a pullback.

Currently, the short-swing upper resistance level lies between 2014.0~2016.0. The current support level lies between 1966.0~1968.0. Investors who wish to go long could consider buying between 1991.0~1993.0 in the short-term and setting the stop loss below 1988.5.

xauusd

Technical Analysis (EURUSD):

The price of EUR/USD (18th of August) was around 1.18727 early today. Under 1-hour-chart technical analysis, it rose again after a pullback as predicted yesterday (17th). The candlestick currently lies between the middle and upper Bollinger Bands, with the bands continue facing upwards and looking bullish. It is likely to continue rising.

Currently, the short-swing upper resistance level lies between 1.19050~1.19150. The current support level lies between 1.18600~1.18700. Investors who wish to go long could consider buying between 1.18780~1.18860 in the short-term and setting the stop loss below 1.18690.

eurusd

Technical Analysis (GBPUSD):

The price of GBP/USD (18th of August) was around 1.31027 early today. Under 1-hour-chart technical analysis, it continued to rise as predicted yesterday (17th). The candlestick currently lies between the middle and upper Bollinger Bands and looking bullish. It is likely to continue rising after a correction.

Currently, the short-swing upper resistance level lies between 1.31500~1.31550. The current support level lies between 1.30950~1.31000.

Investors who wish to go long could consider buying between 1.31250~1.31300 in the short-term and setting the stop loss below 1.31120.

gbpusd

Technical Analysis (AUDUSD):

The price of AUD/USD (18th of August) was around 0.72123 early today. Under 1-hour-chart technical analysis, it skyrocketed after breaking through the neckline as predicted yesterday (17th). The candlestick currently lies between the middle and upper Bollinger Bands, with the bands continue facing upwards and looking bullish. It is likely to rise again after a pullback.

Currently, the short-swing upper resistance level lies between 0.72350~0.72400. The current support level lies between 0.71950~0.72000.

Investors who wish to go long could consider buying between 0.72180~0.72220 in the short-term and setting the stop loss below 0.72100.

Technical Analysis (USOUSD):

The price of USO/USD (18th of August) was around 42.73 this morning. Under 1-hour-chart technical analysis, it skyrocketed after a pullback as predicted yesterday (17th). The candlestick currently made a small retracement from its high, with the Bollinger Bands continue facing upwards. It is likely to rise again after a pullback.

Currently, the short-swing upper resistance level lies between 43.10~43.20. The current support level lies between 42.20~42.30. Investors who wish to go long could consider buying between 42.55~42.60 in the short-term and setting the stop loss below 42.45.

US oil

Technical Analysis (Nas100):

The NASDAQ (18th of August) was around 11289.7 this morning. Under 1-hour-chart technical analysis, the candlestick is currently skyrocketing after breaking out the upper resistance level of descending channel, with the Bollinger Bands continue facing upwards. It is likely to rise again after a pullback.

Currently, the short-swing upper resistance level lies between 11350.0~11370.0. The current support level lies between 11230.0~11250.0. Investors who wish to go long could consider buying between 11280.0~11290.0 in the short-term and setting the stop loss below 11250.0.

nas100 (nasdaq)

Economic Calendar (18th of August)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.13:30USDHousing Starts (Jul)★★
2.13:30USDBuilding Permits (Jul)★★★

(Importance: maximum three stars ★★★)

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