Technical Analysis (XAUUSD)

The price of gold (19th of May) was around 1869.4 USD/Ounce early today. Under 1-hour-chart technical analysis, the candlestick pulled back slightly after fluctuating slightly in the swing high yesterday (18th). It is currently fluctuating above the middle Bollinger Band. The bands are contracting, so it is likely to decline after dropping below the middle band.

Currently, the short-swing upper resistance level lies between 1876.0~1879.0. The current support level lies between 1846.0~1849.0. Investors who wish to sell short could consider selling between 1867.0~1869.0 in the short-term and setting the stop loss above 1871.0.

Technical Analysis (EURUSD):

The price of EUR/USD (19th of May) was around 1.22241 early today. Under 1-hour-chart technical analysis, the candlestick surged again after the pullback as predicted yesterday (18th). It is currently 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 between 1.22600~1.22700. The current support level lies between 1.21900~1.22000. Investors who wish to go long could consider buying between 1.22200~1.22300 in the short-term and setting the stop loss below 1.22100.

Technical Analysis (GBPUSD):

The price of GBP/USD (19th of May) was around 1.41844 early today. Under 1-hour-chart technical analysis, the candlestick continued surging as predicted yesterday (18th). It is currently pulling back and lying between the middle and lower Bollinger Bands. The bands are contracting, so it is likely to pullback from high.

Currently, the short-swing upper resistance level lies between 1.42200~1.42300. The current support level lies between 1.41100~1.41200. Investors who wish to go long could consider buying between 1.42000~1.42100 in the short-term and setting the stop loss above 1.42250.

Technical Analysis (AUDUSD):

The price of AUD/USD (19th of May) was around 0.77921 early today. Under 1-hour-chart technical analysis, the candlestick pulled back after rebounding to the resistance level yesterday (18th). It is currently forming a bullish pattern. The Bollinger Bands are contracting, so it is likely to continue rebounding after standing firmly above the middle band.

Currently, the short-swing upper resistance level lies between 0.78300~0.78350. The current support level lies between 0.77500~0.77550. Investors who wish to go long could consider buying between 0.77900~0.77950 in the short-term and setting the stop loss below 0.77830.

Technical Analysis (USOUSD):

The price of USO/USD (19th of May) was around 65.28 this morning. Under 1-hour-chart technical analysis, the candlestick plummeted after the surge as predicted yesterday (18th). 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 65.65~65.75. The current support level lies between 63.45~63.65. Investors who wish to sell short could consider selling between 64.85~65.05 in the short-term and setting the stop loss above 65.20.

Technical Analysis (Nas100):

The NASDAQ (19th of May) was around 13190.9 this morning. Under 1-hour-chart technical analysis, the candlestick plunged after rebounding slightly to the resistance level as yesterday (18th). 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 13300.0~13320.0. The current support level lies between 12950.0~12970.0. Investors who wish to go long could consider buying between 13210.0~13240.0 in the short-term and setting the stop loss above 13280.0.

Economic Calendar (19thof May)

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

 TimeCurrencyDataImportance
1.07:00GBP  CPI (MoM) (Apr)★★
2.07:00GBP  RPI (MoM) (Apr)
3.10:00EUR  CPI (YoY) (Apr)★★★
4.10:00EUR  CPI (MoM) (Apr)★★
5.13:30CADCPI (MoM) (Apr)  ★★
6.15:30CAD  EIA Refinery Crude Runs (WoW)

(Importance: maximum three stars★★★)

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