Technical Analysis (XAUUSD)

The price of gold (17th of August) was around 1945.5 USD/Ounces early today. Under 1-hour-chart technical analysis, the candlestick dropped sharply after failing to surge. The candlestick currently lies between the middle and lower Bollinger Bands, with the bands facing downwards and looking bearish. It is likely to go down after rebounding to the resistance zone.

Currently, the short-swing upper resistance level lies between 1950.0~1952.0. The current support level lies between 1908.0~1910.0. Investors who wish to sell short could consider selling between 1938.0~1940.0 in the short-term and setting the stop loss above 1944.5.

xauusd

Technical Analysis (EURUSD):

The price of EUR/USD (17th of August) was around 1.18423 early today. Under 1-hour-chart technical analysis, it rose again after a correction as predicted last Friday (14th). The candlestick currently lies between the middle and upper Bollinger Bands, with the bands facing upwards and looking bullish. It is likely to continue rising.

Currently, the short-swing upper resistance level lies between 1.18800~1.18900. The current support level lies between 1.18200~1.18300. Investors who wish to go long could consider buying between 1.18450~1.18550 in the short-term and setting the stop loss below 1.18330.

eurusd

Technical Analysis (GBPUSD):

The price of GBP/USD (17th of August) was around 1.30991 early today. Under 1-hour-chart technical analysis, it pulled back after hitting a new high last Friday (14th). The candlestick currently lies between the middle and upper Bollinger Bands, with the bands facing upwards and looking bullish. It is likely to continue rising after correction.

Currently, the short-swing upper resistance level lies between 1.31350~1.31450. The current support level lies between 1.30650~1.30750.

Investors who wish to go long could consider buying between 1.31000~1.31050 in the short-term and setting the stop loss below 1.30900.

gbpusd

Technical Analysis (AUDUSD):

The price of AUD/USD (17th of August) was around 0.71706 early today. Under 1-hour-chart technical analysis, there was an inverse head and shoulders pattern at the bottom, then it broke out the resistance level at the neckline and surged. It is likely to rise again after a pullback.

Currently, the short-swing upper resistance level lies between 0.72200~0.72250. The current support level lies between 0.71750~0.71800.

Investors who wish to go long could consider buying between 0.71900~0.71999 in the short-term and setting the stop loss below 0.71840.

audusd

Technical Analysis (USOUSD):

The price of USO/USD (17th of August) was around 42.15 this morning. Under 1-hour-chart technical analysis, it made a significant pullback as predicted last Friday (14th), then it is followed by a huge rebound from the bottom. The candlestick currently lies above the middle Bollinger Band. It is likely to rise again after a pullback.

Currently, the short-swing upper resistance level lies between 42.60~42.70. The current support level lies between 41.30~41.40. Investors who wish to go long could consider buying between 42.18~42.24 in the short-term and setting the stop loss below 42.08.

US oil

Technical Analysis (Nas100):

The NASDAQ (17th of August) was around 11150.6 this morning. Under 1-hour-chart technical analysis, the candlestick currently forms a descending channel, with the Bollinger Bands facing downwards and looking bearish. It is likely to decline again after rebounding to the resistance zone.

Currently, the short-swing upper resistance level lies between 11230.0~11250.0. The current support level lies between 11100.0~11120.0. Investors who wish to sell short could consider selling between 11180.0~11190.0 in the short-term and setting the stop loss above 11215.0.

nas100 (nasdaq)

Economic Calendar (17th of August)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.13:30USDNY Empire State Manufacturing Index (Aug)★★
2.15:00USDNAHB Housing Market Index (Aug)

(Importance: maximum three stars ★★★)

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