Technical Analysis (XAUUSD)

The price of gold (9th of June) was around 1892.4 USD/Ounce early today. Under 1-hour-chart technical analysis, the candlestick dropped after a surge as predicted yesterday (8th). It is currently fluctuating around the middle Bollinger Band. The bands are facing upwards, so it is likely to rebound again after a pullback.

Currently, the short-swing upper resistance level lies between 1904.0~1907.0. The current support level lies between 1873.0~1876.0. Investors who wish to go long could consider buying between 1893.0~1895.0 in the short-term and setting the stop loss below 1890.0.

Technical Analysis (EURUSD):

The price of EUR/USD (9th of June) was around 1.21723 early today. Under 1-hour-chart technical analysis, the candlestick pulled back after rising to the resistance yesterday (8th). It is currently fluctuating around the middle Bollinger Band. The bands are facing downwards, so it is likely to fall again after rebounding to resistance.

Currently, the short-swing upper resistance level lies between 1.22000~1.22100. The current support level lies between 1.21300~1.21400. Investors who wish to sell short could consider selling between 1.21700~1.21800 in the short-term and setting the stop loss above 1.21900.

Technical Analysis (GBPUSD):

The price of GBP/USD (9th of June) was around 1.41480 early today. Under 1-hour-chart technical analysis,after the candlestick fell slightly yesterday (8th), 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 1.42000~1.42100. The current support level lies between 1.41200~1.41300. Investors who wish to go long could consider buying between 1.41600~1.41700 in the short-term and setting the stop loss below 1.41450.

Technical Analysis (AUDUSD):

The price of AUD/USD (9th of June) was around 0.77350 early today. Under 1-hour-chart technical analysis, the candlestick rebounded after a decline yesterday (8th). It is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards, so it is likely to rebound again after a pullback.

Currently, the short-swing upper resistance level lies between 0.77750~0.77800. The current support level lies between 0.77100~0.77150. Investors who wish to go long could consider buying between 0.77400~0.77450 in the short-term and setting the stop loss below 0.77300.

Technical Analysis (USOUSD):

The price of USO/USD (9th of June) was around 69.83 this morning. Under 1-hour-chart technical analysis, after a slump, the candlestick rebounded again yesterday (8th). 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 71.00~71.20. The current support level lies between 69.50~69.70. Investors who wish to go long could consider buying between 70.10~70.30 in the short-term and setting the stop loss below 69.80.

Technical Analysis (Nas100):

The NASDAQ (9th of June) was around 13818.5 this morning. Under 1-hour-chart technical analysis, the candlestick rebounded at first as predicted yesterday (8th), but it made a retracement later. 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 13900.0~13920.0. The current support level lies between 13720.0~13740.0. Investors who wish to go long could consider buying between 13810.0~13830.0 in the short-term and setting the stop loss below 13780.0.

Economic Calendar (9thof June)

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

 Time Server TimeCurrencyDataImportance
1.17:00  CADBoC Interest Rate Decision★★★
2.17:00  CADBOC Press Conference  ★★★
3.17:30  USDCrude Oil Inventories★★★

(Importance: maximum three stars★★★)

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