Technical Analysis (XAUUSD)

The price of gold (07th of June) was around 1891.4 USD/Ounce early today. Under 1-hour-chart technical analysis, the candlestick dropped again as predicted last Friday (4th), it then rebounded sharply from the bottom. It is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards, so it is likely to rebound again after the pullback.

Currently, the short-swing upper resistance level lies between 1900.0~1903.0. The current support level lies between 1874.0~1877.0. Investors who wish to go long could consider buying between 1882.0~1884.0 in the short-term and setting the stop loss below 1879.0.

Technical Analysis (EURUSD):

The price of EUR/USD (07th of June) was around 1.21641 early today. Under 1-hour-chart technical analysis, the candlestick pulled back again last Friday (4th), it then rebounded from the bottom. It is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards, so it is likely to rebound again after the pullback.

Currently, the short-swing upper resistance level lies between 1.22100~1.22200. The current support level lies between 1.21000~1.21100. Investors who wish to go long could consider buying between 1.21500~1.21600 in the short-term and setting the stop loss below 1.21350.

Technical Analysis (GBPUSD):

The price of GBP/USD (07th of June) was around 1.41606 early today. Under 1-hour-chart technical analysis, after the candlestick fell slightly last Friday (4th), it rebounded. It is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards, so it is likely to continue rebounding.

Currently, the short-swing upper resistance level lies between 1.42100~1.42200. The current support level lies between 1.41000~1.41100. Investors who wish to go long could consider buying between 1.41500~1.41600 in the short-term and setting the stop loss below 1.41300.

Technical Analysis (AUDUSD):

The price of AUD/USD (07th of June) was around 0.77353 early today. Under 1-hour-chart technical analysis, the candlestick rebounded sharply last Friday (4th). It is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards, so it is likely to rebound again after the pullback.

Currently, the short-swing upper resistance level lies between 0.77800~0.77850. The current support level lies between 0.76700~0.76750. Investors who wish to go long could consider buying between 0.77200~0.77250 in the short-term and setting the stop loss below 0.77100.

Technical Analysis (USOUSD):

The price of USO/USD (07th of June) was around 69.27 this morning. Under 1-hour-chart technical analysis, after the candlestick pulled back last Friday (4th), it rebounded again. It is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards, so it is likely to continue rebounding.

Currently, the short-swing upper resistance level lies between 70.00~70.20. The current support level lies between 68.00~68.20. Investors who wish to go long could consider buying between 69.00~69.20 in the short-term and setting the stop loss below 68.80.

Technical Analysis (Nas100):

The NASDAQ (07th of June) was around 13782.5 this morning. Under 1-hour-chart technical analysis, the candlestick rebounded sharply last Friday (4th), it also broke out the swing high. It is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards, so it is likely to rebound again after the pullback.

Currently, the short-swing upper resistance level lies between 13820.0~13840.0. The current support level lies between 13630.0~13650.0. Investors who wish to go long could consider buying between 13710.0~13730.0 in the short-term and setting the stop loss below 13680.0.

Economic Calendar (07thof June)

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

 TimeCurrencyDataImportance
1.04:02CHY  Trade Balance (USD) (May)★★★
2.06:45CHF  Unemployment Rate n.s.a. (May)★★
3.07:30CHF  CPI (MoM) (May)★★
4.08:30GBP  Halifax House Price Index (MoM) (May)  ★★
5.09:00CHY  FX Reserves (USD) (May)★★
6.09:30EUR  Sentix Investor Confidence (Jun)

(Importance: maximum three stars★★★)

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