Technical Analysis (XAUUSD)

The price of gold (19th of August) was around 2003.2 USD/Ounces early today. Under 1-hour-chart technical analysis, it skyrocketed again as predicted yesterday (18th). The candlestick currently lies between the middle and lower Bollinger Bands, with the bands facing downwards and looking bearish. It is likely to decline again after the rebound.

Currently, the short-swing upper resistance level lies between 2008.0~2010.0. The current support level lies between 1970.0~1972.0. Investors who wish to sell short could consider selling between 1995.0~1998.0 in the short-term and setting the stop loss above 2001.5.

xauusd

Technical Analysis (EURUSD):

The price of EUR/USD (19th of August) was around 1.19315 early today. Under 1-hour-chart technical analysis, it rose again after a pullback as predicted yesterday (18th). The candlestick is currently pulling back after failing to go up. The Bollinger Bands are contracting. It is likely to make a trend reverse after breaking out the middle band which is a support level.

Currently, the short-swing upper resistance level lies between 1.19600~1.19700. The current support level lies between 1.18900~1.19000. Investors who wish to sell short could consider selling between 1.19360~1.19450 in the short-term and setting the stop loss above 1.19550.

eurusd

Technical Analysis (GBPUSD):

The price of GBP/USD (19th of August) was around 1.32375 early today. Under 1-hour-chart technical analysis, it rose again as predicted yesterday (18th). The candlestick is currently fluctuating after a pullback, with the Bollinger Bands contracting. It is likely to make a trend reversal after breaking out the middle band which is a support level.

Currently, the short-swing upper resistance level lies between 1.32600~1.32700. The current support level lies between 1.31800~1.31900.

Investors who wish to sell short could consider selling between 1.32420~1.32480 in the short-term and setting the stop loss above 1.32580.

gbpusd

Technical Analysis (AUDUSD):

The price of AUD/USD (19th of August) was around 0.72405 early today. Under 1-hour-chart technical analysis, it continued to surge as predicted yesterday (18th). The candlestick is currently pulling back after a surge, with the bands contracting. It is likely to reverse after breaking out the middle band which is a support level.

Currently, the short-swing upper resistance level lies between 0.72600~0.72650. The current support level lies between 0.72100~0.72150.

Investors who wish to sell short could consider selling between 0.72400~0.72450 in the short-term and setting the stop loss above 0.72500.

audusd

Technical Analysis (USOUSD):

The price of USO/USD (19th of August) was around 42.46 this morning. Under 1-hour-chart technical analysis, it continued rising as predicted yesterday (18th). The candlestick is currently forming a descending channel, with the Bollinger Bands facing downwards. It is likely to continue dropping.

Currently, the short-swing upper resistance level lies between 42.80~42.90. The current support level lies between 42.10~42.20. Investors who wish to sell short could consider selling between 42.55~42.60 in the short-term and setting the stop loss above 42.70.

U.S. Oil

Technical Analysis (Nas100):

The NASDAQ (19th of August) was around 11416.8 this morning. Under 1-hour-chart technical analysis, it continued rising as predicted yesterday (18th). The candlestick is currently lying between the middle and upper 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 11460.0~11480.0. The current support level lies between 11270.0~11290.0. Investors who wish to go long could consider buying between 11390.0~11400.0 in the short-term and setting the stop loss below 11360.0.

nas100 (nasdaq)

Economic Calendar (19th of August)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.07:00GBPCPI (MoM) (Jul)★★
2.07:00GBPRPI (YoY) (Jul)
3.09:00EURCurrent Account n.s.a. (Jun)
4.10:00EURCPI (YoY) (Jul)★★★
5.10:00EURCPI (MoM) (Jul)★★
6.13:30CADCPI (MoM) (Jul)★★
7.13:30CADWholesale Sales (MoM) (Jun)★★
8.15:30USDEIA Weekly Refinery Utilization Rates (WoW)

(Importance: maximum three stars ★★★)

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