Technical Analysis (XAUUSD)

The price of gold (26th of August) was around 1929.6 USD/Ounces early today. Under 1-hour-chart technical analysis, it made a large pullback after a rebound as predicted yesterday (25th). The candlestick is currently bouncing back from the bottom, lying between the middle and upper Bollinger Bands again, with the bands facing upwards. It is likely to rise after settling above the middle Bollinger Band.

Currently, the short-swing upper resistance level lies between 1938.0~1940.0. The current support level lies between 1916.0~1918.0. Investors who wish to go long could consider buying between 1925.0~1927.5 in the short-term and setting the stop loss below 1921.5.

xauusd (gold)

Technical Analysis (EURUSD):

The price of EUR/USD (26th of August) was around 1.18332 early today. Under 1-hour-chart technical analysis, a triangle pattern has been formed, and the Bollinger Bands are contracting. It is likely to slump after breaking below the ascending channel.

Currently, the short-swing upper resistance level lies between 1.18500~1.18600. The current support level lies between 1.17800~1.17900. Investors who wish to sell short could consider selling between 1.18200~1.18280 in the short-term and setting the stop loss above 1.18380.

eurusd

Technical Analysis (GBPUSD):

The price of GBP/USD (26th of August) was around 1.31462 early today. Under 1-hour-chart technical analysis, the candlestick is currently pulling back from high and lying near the middle Bollinger Band, with the bands contracting. It is likely to decline after breaking out the middle Bollinger Band.

Currently, the short-swing upper resistance level lies between 1.31700~1.31800. The current support level lies between 1.30800~1.30900.
Investors who wish to sell short could consider selling between 1.31350~1.31400 in the short-term and setting the stop loss above 1.31500.

gbpusd

Technical Analysis (AUDUSD):

The price of AUD/USD (26th of August) was around 0.71921 early today. Under 1-hour-chart technical analysis, it pulled back as predicted yesterday (25th). The candlestick is currently pulling back after surging to the resistance level. It is lying between the middle and upper Bollinger Bands, with the bands facing upwards. It is likely to rise again after the pullback.

Currently, the short-swing upper resistance level lies between 0.72100~0.72150. The current support level lies between 0.71450~0.71500.
Investors who wish to go long could consider buying between 0.71850~0.71880 in the short-term and setting the stop loss below 0.71800.

audusd

Technical Analysis (USOUSD):

The price of USO/USD (26th of August) was around 43.11 this morning. Under 1-hour-chart technical analysis, it broke through the upper resistance and skyrocketed yesterday. The candlestick is currently pulling back from high, with the Bollinger Bands continuously facing upwards. It is likely to rise again after the decline.

Currently, the short-swing upper resistance level lies between 43.30~43.40. The current support level lies between 42.60~42.70. Investors who wish to go long could consider buying between 42.85~42.90 in the short-term and setting the stop loss below 42.70.

US Oil

Technical Analysis (Nas100):

The NASDAQ (26th of August) was around 11741.9 this morning. Under 1-hour-chart technical analysis, after fluctuating in the high point, the candlestick went up sharply yesterday (25th). Currently, it is pulling back from the high, with the Bollinger Bands continuing to face upwards. It is likely to rise again after a correction.

Currently, the short-swing upper resistance level lies between 11790.0~11800.0. The current support level lies between 11680.0~11690.0. Investors who wish to go long could consider buying between 11700.0~11715.0 in the short-term and setting the stop loss below 11685.0.

nas100 (nasdaq)

Economic Calendar (26th of August)

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

 TimeCurrencyDataImportance
1.09:00CHFZEW Expectations (Aug)
2.13:30USDDurable Goods Orders (MoM) (Jul)★★
3.15:30USDEIA Weekly Refinery Utilization (WoW)

(Importance: maximum three stars ★★★)

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