Technical Analysis (XAUUSD)

The price of gold (26th of May) was around 1898.9 USD/Ounce early today. Under 1-hour-chart technical analysis, the candlestick rose after fluctuated slightly in the swing high yesterday (25th). It is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards and expanding, so it is likely to continue rising.

Currently, the short-swing upper resistance level lies between 1916.0~1919.0. The current support level lies between 1890.0~1893.0. Investors who wish to go long could consider buying between 1902.0~1904.0 in the short-term and setting the stop loss below 1898.0.

Technical Analysis (EURUSD):

The price of EUR/USD (26th of May) was around 1.22497 early today. Under 1-hour-chart technical analysis, the candlestick rebounded after making a small retracement as predicted yesterday (25th). It is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards, so it is likely to continue rebounding.

Currently, the short-swing upper resistance level lies between 1.22800~1.22900. The current support level lies between 1.22200~1.22300. Investors who wish to go long could consider buying between 1.22450~1.22550 in the short-term and setting the stop loss below 1.22300.

Technical Analysis (GBPUSD):

The price of GBP/USD (26th of May) was around 1.41464 early today. Under 1-hour-chart technical analysis, the candlestick made a small retracement as predicted yesterday (25th), it rebounded. The candlestick is currently lying between the middle and lower Bollinger Bands. 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 1.42000~1.42100. The current support level lies between 1.40700~1.40800. Investors who wish to sell short could consider selling between 1.41600~1.41700 in the short-term and setting the stop loss above 1.41850.

Technical Analysis (AUDUSD):

The price of AUD/USD (26th of May) was around 0.77509 early today. Under 1-hour-chart technical analysis, the candlestick rebounded again after making a small retracement as predicted yesterday (25th). It is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards and expanding, so it is likely to continue rebounding.

Currently, the short-swing upper resistance level lies between 0.78050~0.78100. The current support level lies between 0.77050~0.77100. Investors who wish to go long could consider buying between 0.77650~0.77700 in the short-term and setting the stop loss below 0.77550.

Technical Analysis (USOUSD):

The price of USO/USD (26th of May) was around 65.90 this morning. Under 1-hour-chart technical analysis, the candlestick rebounded again after making a small retracement as predicted yesterday (25th). It is currently fluctuating around the middle Bollinger Band. The bands are contracting, so it is likely to pullback from high.

Currently, the short-swing upper resistance level lies between 66.60~66.80. The current support level lies between 63.80~64.00. Investors who wish to sell short could consider selling between 65.80~66.00 in the short-term and setting the stop loss above 66.40.

Technical Analysis (Nas100):

The NASDAQ (26th of May) was around 13671.8 this morning. Under 1-hour-chart technical analysis, the candlestick rebounded again after the pullback as predicted yesterday (25th). It is currently lying between the middle and upper Bollinger Bands. The bands continue facing upwards, so it is likely to rebound again.

Currently, the short-swing upper resistance level lies between 13840.0~13860.0. The current support level lies between 13610.0~13630.0. Investors who wish to go long could consider buying between 13680.0~13700.0 in the short-term and setting the stop loss below 13650.0.

Economic Calendar (26th of May)

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

 TimeCurrencyDataImportance
1.03:00NZDRBNZ Interest Rate Decision★★★
2.09:00CHYZEW Expectations (May)
3.15:30USDEIA Refinery Crude Runs (WoW)

(Importance: maximum three stars★★★)

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