Technical Analysis (XAUUSD)

The price of gold (25th of March) was around 1733.9 USD/Ounce early today. Under 1-hour-chart technical analysis, it rebounded after the pullback yesterday (24th). The candlestick 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 1738.0~1740.0. The current support level lies between 1723.0~1725.0. Investors who wish to go long could consider buying between 1732.0~1734.0 in the short-term and setting the stop loss below 1729.0.

Technical Analysis (EURUSD):

The price of EUR/USD (25th of March) was around 1.18111 early today. Under 1-hour-chart technical analysis, the candlestick plummeted again as predicted yesterday (24th), it is currently lying between the middle and lower Bollinger Bands. The bands continue facing downwards, so it is likely to decline again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 1.18500~1.18600. The current support level lies between 1.18000~1.18100. Investors who wish to sell short could consider selling between 1.18300~1.18400 in the short-term and setting the stop loss above 1.18550.

Technical Analysis (GBPUSD):

The price of GBP/USD (25th of March) was around 1.36794 early today. Under 1-hour-chart technical analysis, it continued dropping sharply as predicted yesterday (24th). The candlestick is currently forming a bearish pattern, lying between the middle and lower Bollinger Bands. The bands continue facing downwards and expanding, so it is likely to decline again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 1.37600~1.37700. The current support level lies between 1.36500~1.36600. Investors who wish to sell short could consider selling between 1.37100~1.37200 in the short-term and setting the stop loss above 1.37350.

Technical Analysis (AUDUSD):

The price of AUD/USD (25th of March) was around 0.75813 early today. Under 1-hour-chart technical analysis, it declined sharply again after rebounding to the resistance level as predicted yesterday (24th). The candlestick is currently fluctuating around the middle Bollinger Band. The bands continue facing downwards and expanding, so it is likely to drop again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 0.76600~0.76650. The current support level lies between 0.75700~0.75750. Investors who wish to sell short could consider selling between 0.76250~0.76300 in the short-term and setting the stop loss above 0.76400.

Technical Analysis (USOUSD):

The price of USO/USD (25th of March) was around 60.76 this morning. Under 1-hour-chart technical analysis, it continued dropping as predicted yesterday (24th), then it rebounded from the bottom. The candlestick is currently lying between the middle and lower Bollinger Bands. The bands are facing downwards, so it is likely to decline again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 61.50~61.60. The current support level lies between 57.80~57.90 Investors who wish to sell short could consider selling between 60.10~60.30 in the short-term and setting the stop loss above 60.50.

Technical Analysis (Nas100):

The NASDAQ (25th of March) was around 12817.8 this morning. Under 1-hour-chart technical analysis, the candlestick rebounded to the resistance level, then it plummeted as predicted yesterday (24th). It is currently rebounding from the bottom and lying below the middle Bollinger Band. The bands continue facing downwards, so it is likely to decline again.

Currently, the short-swing upper resistance level lies between 12950.0~12970.0. The current support level lies between 12700.0~12720.0. Investors who wish to sell short could consider selling between 12900.0~12930.0 in the short-term and setting the stop loss above 12950.0.

Economic Calendar (25th of March)

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

 TimeCurrencyDataImportance
1.08:00EURGfK German Consumer Climate (Apr)★★
2.09:30CHFSNB Interest Rate Decision★★★
3.09:30CHFSNB Monetary Policy Assessment  ★★★
4.10:00GBPCBI Distributive Trades Survey (Mar)
5.10:00USDInitial Jobless Claims★★★★
6.13:30USDGDP (QoQ) (Q4)★★★
7.13:30USDReal Consumer Spending (Q4)
8.13:30USDCore PCE Prices (Q4)
9.15:30USDNatural Gas Storage

(Importance: maximum three stars★★★)

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