Technical Analysis (XAUUSD)

The price of gold (25th of August) was around 1929.5 USD/Ounces early today. Under 1-hour-chart technical analysis, the candlestick is currently bouncing back from the bottom, lying between the middle and lower Bollinger Bands, with the bands continuing to face downwards. It is likely to decline again after rebound to the resistance zone.

Currently, the short-swing upper resistance level lies between 1950.0~1952.0. The current support level lies between 1915.0~1917.0. Investors who wish to sell short could consider selling between 1937.0~1940.0 in the short-term and setting the stop loss above 1944.5.

gold

Technical Analysis (EURUSD):

The price of EUR/USD (25th of August) was around 1.1787 early today. Under 1-hour-chart technical analysis, it pulled back from high as predicted yesterday (24th). Currently, there is a bearish signal according to the Elliot Wave Theory. The candlestick is rebounding slightly and is now just under the middle Bollinger band. It is likely to decline again after rally to the resistance zone.

Currently, the short-swing upper resistance level lies between 1.18300~1.18400. The current support level lies between 1.17600~1.17700. Investors who wish to sell short could consider selling between 1.18150~1.18250 in the short-term and setting the stop loss above 1.18350.

eurusd

Technical Analysis (GBPUSD):

The price of GBP/USD (25th of August) was around 1.30627 early today. Under 1-hour-chart technical analysis, it rebounded from the bottom as predicted yesterday (24th), it currently lies between the middle and lower Bollinger Bands, with the bands facing downwards. It is likely to go down after rebounding to the resistance zone.

Currently, the short-swing upper resistance level lies between 1.31350~1.31450. The current support level lies between 1.30400~1.30500.

Investors who wish to sell short could consider selling between 1.30950~1.31050 in the short-term and setting the stop loss above 1.31180.

gbpusd

Technical Analysis (AUDUSD):

The price of AUD/USD (25th of August) was around 0.71619 early today. Under 1-hour-chart technical analysis, it skyrocketed after rebounding from the bottom as predicted yesterday (24th). The candlestick is currently pulling back after the surge and lying between the middle and lower Bollinger Bands, with the bands facing downwards. It is likely to continue declining.

Currently, the short-swing upper resistance level lies between 0.72000~0.72050. The current support level lies between 0.71350~0.71400.

Investors who wish to sell short could consider selling between 0.71700~0.71760 in the short-term and setting the stop loss above 0.71860.

audusd

Technical Analysis (USOUSD):

The price of USO/USD (25th of August) was around 42.11 this morning. Under 1-hour-chart technical analysis, a large descending channel has formed already. The candlestick is currently fluctuating moderately within the upper consolidation zone, but the Bollinger Bands are contracting. It is likely to decline after failing to rebound.

Currently, the short-swing upper resistance level lies between 42.70~42.80. The current support level lies between 41.70~41.80. Investors who wish to sell short could consider selling between 42.25~42.35 in the short-term and setting the stop loss above 42.55.

US Oil

Technical Analysis (Nas100):

The NASDAQ (25th of August) was around 11638.4 this morning. Under 1-hour-chart technical analysis, it pulled back after a surge as predicted yesterday (24th). The candlestick is currently facing the resistance during the rally. It is likely to make a reversal after breaking below the middle Bollinger Band.

Currently, the short-swing upper resistance level lies between 11730.0~11750.0. The current support level lies between 11550.0~11570.0. Investors who wish to sell short could consider selling between 11670.0~11680.0 in the short-term and setting the stop loss above 11700.0.

nas100 (nasdaq)

Economic Calendar (25th of August)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.07:00EURGerman GDP (YoY) (Q2)★★
2.09:00EURGerman Ifo Business Climate Index (Aug)★★★
3.13:00GBPCBI Distributive Trades Survey (Aug)
4.14:00USDHouse Prices Index (MoM) (Jun)
5.14:00USDS&P/CS20 HPI Composite n.s.a. (YoY) (Jun)★★
6.15:00USDNew Home Sales (Jul)★★★
7.15:00USDCB Consumer Confidence (Aug)★★★
8.15:00USDRichmond Manufacturing Index (Aug)

(Importance: maximum three stars ★★★)

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