Technical Analysis (XAUUSD)

The price of gold (21st of August) was around 1945.9 USD/Ounces early today. Under 1-hour-chart technical analysis, it rebounded above the moving average as predicted yesterday (20th). The candlestick currently lies between the middle and upper Bollinger Bands, with the bands facing upwards. It is likely to continue the rebound.

Currently, the short-swing upper resistance level lies between 1968.0~1970.0. The current support level lies between 1930.0~1932.0. Investors who wish to go long could consider buying between 1946.0~1949.0 in the short-term and setting the stop loss below 1942.5.

xauusd

Technical Analysis (EURUSD):

The price of EUR/USD (21st of August) was around 1.18606 early today. Under 1-hour-chart technical analysis, it continued to slump as predicted yesterday (20th). The candlestick is currently rebounding and lying between the middle and upper Bollinger Bands, with the bands facing upwards. It is likely to continue the rebound.

Currently, the short-swing upper resistance level lies between 1.19000~1.19100. The current support level lies between 1.18400~1.18500. Investors who wish to go long could consider buying between 1.18680~1.18800 in the short-term and setting the stop loss below 1.18580.

eurusd

Technical Analysis (GBPUSD):

The price of GBP/USD (21st of August) was around 1.32136 early today. Under 1-hour-chart technical analysis, it continued to decline as predicted yesterday (20th). The candlestick is currently reversing and going up, lying above the 5-day moving average. It is likely to continue rising.

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 go long could consider buying between 1.32300~1.32380 in the short-term and setting the stop loss below 1.32180.

gbpusd

Technical Analysis (AUDUSD):

The price of AUD/USD (21st of August) was around 0.71903 early today. Under 1-hour-chart technical analysis, it continued to decline as predicted yesterday (20th). The candlestick is currently lying between the middle and upper Bollinger Bands, with the bands facing upwards. It is likely to rebound again after a pullback.

Currently, the short-swing upper resistance level lies between 0.72300~0.72350. The current support level lies between 0.71800~0.71850.

Investors who wish to go long could consider buying between 0.71950~0.72000 in the short-term and setting the stop loss below 0.71860.

audusd

Technical Analysis (USOUSD):

The price of USO/USD (21st of August) was around 42.46 this morning. Under 1-hour-chart technical analysis, it dropped sharply as predicted yesterday (20th) at the beginning, but skyrocketed later. The Bollinger Bands are currently facing upwards. It is likely to continue the rebound.

Currently, the short-swing upper resistance level lies between 42.80~42.90. The current support level lies between 42.40~42.50. Investors who wish to go long could consider buying between 42.55~42.60 in the short-term and setting the stop loss below 42.48.

U.S. Oil

Technical Analysis (Nas100):

The NASDAQ (21st of August) was around 11482.8 this morning. Under 1-hour-chart technical analysis, it rebounded from the bottom after a pullback. The Bollinger Bands is currently facing upwards. It is likely to continue rising.

Currently, the short-swing upper resistance level lies between 11590.0~11600.0. The current support level lies between 11440.0~11450.0. Investors who wish to go long could consider buying between 11480.0~11500.0 in the short-term and setting the stop loss below 11460.0.

nas100 (nasdaq)

Economic Calendar (21st of August)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.00:01GBPGfK Consumer Confidence (Aug)
2.00:30JPYNational Core CPI (YoY) (Jul)★★
3.07:00GBPRetail Sales (MoM) (Jul)★★★
4.08:15EURFrench Manufacturing PMI (Aug)★★
5.08:30EURGerman Manufacturing PMI (Aug)★★★
6.09:00EURManufacturing PMI (Aug)★★
7.09:30GBPManufacturing PMI (Aug)★★
8.09:30GBPServices PMI (Aug)★★
9.11:00GBPCBI Industrial Trends Orders (Aug)★★
10.13:30CADRetails Sales (MoM) (Jun)★★
11.14:45USDMarkit Composite PMI (Aug)★★
12.14:45USDMarkit Services PMI (Aug)★★★
13.15:00USDExisting Home Sales (Jul)★★★

(Importance: maximum three stars ★★★)

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