Technical Analysis (XAUUSD)

The price of gold (20th of August) was around 1928.4 USD/Ounces early today. Under 1-hour-chart technical analysis, it made a large slump after rebounding to the resistance zone as predicted yesterday (19th). The candlestick is currently fluctuating at the bottom. It is likely to rebound after standing on the 5-days and 10-days moving average.

Currently, the short-swing upper resistance level lies between 1966.0~1968.0. The current support level lies between 1924.0~1926.0. Investors who wish to go long could consider buying between 1940.0~1943.0 in the short-term and setting the stop loss below 1937.5.

xauusd

Technical Analysis (EURUSD):

The price of EUR/USD (20th of August) was around 1.18414 early today. Under 1-hour-chart technical analysis, it made a large drop after breaking out the middle Bollinger Band as predicted yesterday (19th). The candlestick is currently rebounding but still lying below the 5-days moving average. The rebound is weak, so it is likely to decline again.

Currently, the short-swing upper resistance level lies between 1.18800~1.18900. The current support level lies between 1.18000~1.18100. Investors who wish to sell short could consider selling between 1.18480~1.18550 in the short-term and setting the stop loss above 1.18650.

eurusd

Technical Analysis (GBPUSD):

The price of GBP/USD (20th of August) was around 1.31085 early today. Under 1-hour-chart technical analysis, it made a large pullback after failing to go high as predicted yesterday (19th). The candlestick is currently falling, with the Bollinger Bands facing downwards and expanding. It is likely to continue declining.

Currently, the short-swing upper resistance level lies between 1.31500~1.31600. The current support level lies between 1.30500~1.30600.

Investors who wish to sell short could consider selling between 1.31000~1.31080 in the short-term and setting the stop loss above 1.31180.

gbpusd

Technical Analysis (AUDUSD):

The price of AUD/USD (20th of August) was around 0.71823 early today. Under 1-hour-chart technical analysis, it made a huge drop after breaking out the middle Bollinger Band as predicted yesterday (19th). Currently, the candlestick is fluctuating slightly at the bottom. It is likely to drop again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 0.72000~0.72050. The current support level lies between 0.71500~0.71550.

Investors who wish to sell short could consider selling between 0.71850~0.71900 in the short-term and setting the stop loss above 0.71960.

audusd

Technical Analysis (USOUSD):

The price of USO/USD (20th of August) was around 42.64 this morning. Under 1-hour-chart technical analysis, it made a pullback after a surge as predicted yesterday (19th). The candlestick is currently lying within the descending channel, with the Bollinger Bands continue to face downwards. It is likely to continue dropping.

Currently, the short-swing upper resistance level lies between 42.70~42.80. The current support level lies between 42.00~42.10. Investors who wish to sell short could consider selling between 42.48~42.58 in the short-term and setting the stop loss above 42.70.

usousd

Technical Analysis (Nas100):

The NASDAQ (20th of August) was around 11330.2 this morning. Under 1-hour-chart technical analysis, after it continued to make small fluctuation at high as predicted yesterday (19th), the candlestick broke through the middle Bollinger Band and made a huge downturn, with the bands facing down continuously and expanding. It is likely to continue dropping.

Currently, the short-swing upper resistance level lies between 11320.0~11340.0. The current support level lies between 11120.0~11140.0. Investors who wish to sell short could consider selling between 11250.0~11270.0 in the short-term and setting the stop loss above 11320.0.

Nas100 (nasdaq)

Economic Calendar (20th of August)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.02:30CHYPBoC Loan Prime Rate★★★
2.07:00EURGerman PPI (MoM) (Jul)★★
3.07:00CHFTrade Balance (Jul)
4.13:30USDContinuing Jobless Claims
5.13:30USDPhiladelphia Fed Manufacturing Index (Aug)★★★
6.15:00USDUS Leading Index (MoM) (Jul)
7.15:30USDNatural Gas Storage

(Importance: maximum three stars ★★★)

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