Technical Analysis (XAUUSD)

The price of gold (26th of March) was around 1727.7 USD/Ounce early today. Under 1-hour-chart technical analysis, it skyrocketed after the pullback as predicted yesterday (25th). Although the candlestick is currently lying below the middle Bollinger Band, it also standing above the 5-day and the 10-day MA, so it is likely to rebound again after the pullback.

Currently, the short-swing upper resistance level lies between 1739.0~1741.0. The current support level lies between 1722.0~1724.0. Investors who wish to go long could consider buying between 1727.0~1729.0 in the short-term and setting the stop loss below 1724.0.

Technical Analysis (EURUSD):

The price of EUR/USD (26th of March) was around 1.17729 early today. Under 1-hour-chart technical analysis, the candlestick plummeted again as predicted yesterday (25th), 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 1.18200~1.18300. The current support level lies between 1.17500~1.17600. Investors who wish to sell short could consider selling between 1.17800~1.17900 in the short-term and setting the stop loss above 1.18050.

Technical Analysis (GBPUSD):

The price of GBP/USD (26th of March) was around 1.37385 early today. Under 1-hour-chart technical analysis, it continued dropping sharply as predicted yesterday (25th). The candlestick is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards and expanding, so it is likely to continue rebounding.

Currently, the short-swing upper resistance level lies between 1.38100~1.38200. The current support level lies between 1.37100~1.37200. Investors who wish to go long could consider buying between 1.37450~1.37550 in the short-term and setting the stop loss below 1.37350.

Technical Analysis (AUDUSD):

The price of AUD/USD (26th of March) was around 0.75813 early today. Under 1-hour-chart technical analysis, it dropped sharply again after rebounding to the resistance level as predicted yesterday (25th). The candlestick is currently fluctuating around the middle Bollinger Band. 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 0.76500~0.76550. 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 (26th of March) was around 58.30 this morning. Under 1-hour-chart technical analysis, it continued dropping sharply as predicted yesterday (25th), then it rebounded from the bottom. The candlestick is currently fluctuating around the middle Bollinger Band. The bands are facing upwards, so it is likely to continue rebounding.

Currently, the short-swing upper resistance level lies between 61.30~61.40. The current support level lies between 57.60~57.70 Investors who wish to go long could consider buying between 59.00~59.20 in the short-term and setting the stop loss below 58.80.

Technical Analysis (Nas100):

The NASDAQ (26th of March) was around 12799.2 this morning. Under 1-hour-chart technical analysis, the candlestick plummeted after rebounding to the resistance level as predicted yesterday (25th). It is currently rebounding from the bottom and lying above the middle Bollinger Band. The bands are facing upwards, so it is likely to continue rebounding.

Currently, the short-swing upper resistance level lies between 12960.0~12980.0. The current support level lies between 12730.0~12750.0. Investors who wish to go long could consider buying between 12820.0~12840.0 in the short-term and setting the stop loss below 12780.0.

Economic Calendar (26th of March)

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

 TimeCurrencyDataImportance
1.08:00GBPRetail Sales (MoM) (Feb)★★★
2.10:00EURGerman Ifo Business Climate Index (Mar)★★★
3.14:30USDCore PCE Price Index (YoY) (Feb)★★
4.14:30USDPersonal Spending (MoM) (Feb)★★
5.14:30USDCore PCE Price Index (MoM) (Feb)★★
6.15:00USDMichigan Consumer Sentiment (Mar) ★★

(Importance: maximum three stars★★★)

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