Technical Analysis (XAUUSD)

The price of gold (27th of August) was around 1954.6 USD/Ounces early today. Under 1-hour-chart technical analysis, it rebounded from the bottom after a pullback as predicted yesterday (26th). The candlestick is currently touching the resistance level at high, and is lying between the middle and upper Bollinger Bands, with the bands continuing to face upwards. It is likely to keep rising after a retracement.

Currently, the short-swing upper resistance level lies between 1964.0~1966.0. The current support level lies between 1930.0~1932.0. Investors who wish to go long could consider buying between 1935.0~1938.5 in the short-term and setting the stop loss below 1932.5.

xauusd (gold) technical analysis

Technical Analysis (EURUSD):

The price of EUR/USD (27th of August) was around 1.18292 early today. Under 1-hour-chart technical analysis, it made a large pullback as predicted yesterday (26th). As U.S. dollar plummeted later, Euro rose again. The candlestick is currently pulling back from the resistance level. It is likely to rise again after the correction.

Currently, the short-swing upper resistance level lies between 1.18700~1.18800. The current support level lies between 1.18000~1.18100. Investors who wish to go long could consider buying between 1.18250~1.18350 in the short-term and setting the stop loss below 1.18100.

eurusd technical analysis

Technical Analysis (GBPUSD):

The price of GBP/USD (27th of August) was around 1.32070 early today. Under 1-hour-chart technical analysis, an ascending channel has been formed. The candlestick is currently pulling back from high and lying near the middle Bollinger Band, with the bands continuing to face upwards. It is likely to rise again after correction.

Currently, the short-swing upper resistance level lies between 1.32500~1.32600. The current support level lies between 1.31700~1.31800.

Investors who wish to go long could consider buying between 1.31900~1.32000 in the short-term and setting the stop loss below 1.31810.

gbpusd

Technical Analysis (AUDUSD):

The price of AUD/USD (27th of August) was around 0.72313 early today. Under 1-hour-chart technical analysis, it rose after a pullback as predicted yesterday (26th). The candlestick is currently pulling back from resistance level and lying between the middle and upper Bollinger Bands, with the bands continuing to face upwards. It is likely to rise again after a correction.

Currently, the short-swing upper resistance level lies between 0.72600~0.72650. The current support level lies between 0.72100~0.72150.

Investors who wish to go long could consider buying between 0.72250~0.72300 in the short-term and setting the stop loss below 0.72140.

audusd

Technical Analysis (USOUSD):

The price of USO/USD (27th of August) was around 43.20 this morning. Under 1-hour-chart technical analysis, it rose as predicted yesterday (26th). The candlestick is currently pulling back from high, with the Bollinger Bands contracting. It is likely to rise again after the pullback.

Currently, the short-swing upper resistance level lies between 43.40~43.50. The current support level lies between 42.60~42.70. Investors who wish to go long could consider buying between 43.00~43.08 in the short-term and setting the stop loss below 42.85.

US Oil

Technical Analysis (Nas100):

The NASDAQ (27th of August) was around 11986.0 this morning. Under 1-hour-chart technical analysis, it made a new high again after a small retracement as predicted yesterday (26th). The candlestick is currently pulling back from 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 12020.0~12030.0. The current support level lies between 11810.0~11820.0. Investors who wish to go long could consider buying between 11900.0~11915.0 in the short-term and setting the stop loss below 11850.0.

nas100 (NASDAQ) technical analysis

Economic Calendar (27th of August)

(Source: uk.investing.com)

 TimeCurrencyDataImportance
1.13:30USDInitial Jobless Claims★★★★
2.13:30USDGDP (QoQ) (Q2)★★★
3.13:30CADCurrent Account (Q2)★★
4.15:00USDPending Home Sales (MoM) (Jul)★★★
5.15:30USDNatural Gas Storage

(Importance: maximum three stars ★★★)

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