Technical Analysis (XAUUSD)

The price of gold (29th of March) was around 1731.3 USD/Ounce early today. Under 1-hour-chart technical analysis, it rebounded after the pullback last Friday (26th). The candlestick is currently lying above the middle Bollinger Band. The bands are facing upwards, so it is likely to rebound again after the pullback.

Currently, the short-swing upper resistance level lies between 1738.0~1740.0. The current support level lies between 1726.0~1728.0. Investors who wish to go long could consider buying between 1730.0~1732.0 in the short-term and setting the stop loss below 1727.0.

Technical Analysis (EURUSD):

The price of EUR/USD (29th of March) was around 1.17907 early today. Under 1-hour-chart technical analysis, the candlestick rebounded last Friday (26th). 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 1.18400~1.18500. The current support level lies between 1.17600~1.17700. Investors who wish to go long could consider buying between 1.17800~1.17900 in the short-term and setting the stop loss below 1.17700.

Technical Analysis (GBPUSD):

The price of GBP/USD (29th of March) was around 1.37830 early today. Under 1-hour-chart technical analysis, it pulled back as predicted last Friday (26th), then it rebounded from the bottom. The candlestick is currently rebounding and lying between the middle and upper Bollinger Bands. The bands continue facing upwards, so it is likely to continue rebounding.

Currently, the short-swing upper resistance level lies between 1.38300~1.38400. The current support level lies between 1.37300~1.37400. Investors who wish to go long could consider buying between 1.37800~1.37900 in the short-term and setting the stop loss below 1.37650.

Technical Analysis (AUDUSD):

The price of AUD/USD (29th of March) was around 0.76348 early today. Under 1-hour-chart technical analysis, it rose after the pullback on last Friday (26th). The candlestick 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 0.76800~0.76850. The current support level lies between 0.76100~0.76150. Investors who wish to go long could consider buying between 0.76300~0.76380 in the short-term and setting the stop loss below 0.76220.

Technical Analysis (USOUSD):

The price of USO/USD (29th of March) was around 60.82 this morning. Under 1-hour-chart technical analysis, it rebounded from the bottom as predicted last Friday (26th). It is currently fluctuating around the middle Bollinger Band. The bands are facing downwards, so it is likely to decline.

Currently, the short-swing upper resistance level lies between 62.40~62.50. The current support level lies between 58.00~58.10. Investors who wish to sell short could consider selling between 60.50~60.65 in the short-term and setting the stop loss above 60.90.

Technical Analysis (Nas100):

The NASDAQ (29th of March) was around 12990.2 this morning. Under 1-hour-chart technical analysis, the candlestick broke out the resistance level as predicted last Friday (26th), it rebounded. It is currently pulling back 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 13020.0~13040.0. The current support level lies between 12800.0~12820.0. Investors who wish to go long could consider buying between 12910.0~12930.0 in the short-term and setting the stop loss below 12860.0.

Economic Calendar (29th of March)

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

 TimeCurrencyDataImportance
1.09:30GBPMortgage Approvals (Feb)
2.15:30USDDallas Fed Mfg Business Index (Mar)★★★

(Importance: maximum three stars★★★)

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