Technical Analysis (XAUUSD)

The price of gold (27th of May) was around1896.5USD/Ounceearly today. Under 1-hour-chart technical analysis, the candlestick surged again as predicted yesterday (26th), it then plummeted. It is currently lying between the middle and lower Bollinger Bands. The bands are facing downwards, so it is likely to continue declining.

Currently, the short-swing upper resistance level lies between 1905.0~1908.0. The current supportlevel lies between1880.0~1883.0. Investors who wish to sell short could consider selling between 1896.0~1899.0in the short-term and setting the stop loss above1903.0.

Technical Analysis (EURUSD):

The price of EUR/USD (27th of May) was around 1.21931early today. Under 1-hour-chart technical analysis, the candlestick pulled back sharply after the surge yesterday (26th). It 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 between1.22100~1.22200. The current support level lies between1.21300~1.21400. Investors who wish to sell short could consider selling between 1.21950~1.22050in the short-term and setting the stop loss above1.22150.

Technical Analysis (GBPUSD):

The price of GBP/USD (27th of May) was around1.41189early today. Under 1-hour-chart technical analysis, the candlestick declined again as predicted yesterday (26th). It is currently lying between the middle and lower Bollinger Bands. The bands are facing downwards, so it is likely to drop again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 1.41400~1.41500. The current support level lies between1.40600~1.40700. Investors who wish to sell short could consider selling between 1.41150~1.41250in the short-term and setting the stop loss above1.41400.

Technical Analysis (AUDUSD):

The price of AUD/USD (27th of May) was around 0.77415early today. Under 1-hour-chart technical analysis, the candlestick plummeted after the rally yesterday (26th). 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 between0.77550~0.77600. The current support level lies between0.77000~0.77050. Investors who wish to sell short could consider selling between 0.77430~0.77480in the short-term and setting the stop loss above0.77530.

Technical Analysis (USOUSD):

The price of USO/USD (27th of May) was around66.06this morning. Under 1-hour-chart technical analysis, the candlestick pulled back as predicted yesterday (26th). It is currently fluctuating around the middle Bollinger Band. The bands are contracting, so it is likely to continue pulling back.

Currently, the short-swing upper resistance level lies between66.80~67.00. The current support level lies between64.10~64.30. Investors who wish to sell shortcould consider selling between 65.80~66.00in the short-term and setting the stop loss above 66.40.

Technical Analysis (Nas100):

The NASDAQ (27th of May) was around 13704.1this morning. Under 1-hour-chart technical analysis,the candlestick pulled back after fluctuating in the swing high yesterday (26th). It is currently lying between the middle and lower Bollinger Bands. The bands are facing downwards, so it is likely to drop again.

Currently, the short-swing upper resistance level lies between 13750.0~13780.0. The current support level lies between13410.0~13440.0. Investors who wish to sell shortcould consider selling between13680.0~13700.0in the short-term and setting the stop loss above13730.0.

Economic Calendar (27thof May)

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

 TimeCurrencyDataImportance
1.07:00EURGfK German Consumer Climate (Jun)★★
2.07:00CHFTrade Balance (Apr)
3.13:30USDInitial Jobless Claims★★★
4.13:30USDGDP Price Index (QoQ) (Q1)★★
5.13:30USDDurable Goods Orders (MoM) (Apr)★★
6.15:00USDPending Home Sales (MoM) (Apr)★★★
7.15:30USDNatural Gas Storage

(Importance: maximum three stars★★★)

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