Technical Analysis (XAUUSD)

The price of gold (30th of March) was around 1712.0 USD/Ounce early today. Under 1-hour-chart technical analysis, it plummeted after dropping below the neckline support yesterday (29th). The candlestick is currently lying below the middle Bollinger Band. The bands are 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 1722.0~1724.0. The current support level lies between 1702.0~1704.0. Investors who wish to sell short could consider selling between 1717.0~1719.0 in the short-term and setting the stop loss above 1722.0.

Technical Analysis (EURUSD):

The price of EUR/USD (30th of March) was around 1.17654 early today. Under 1-hour-chart technical analysis, the candlestick declined again after a small rebound yesterday (29th). It is currently lying between the middle and lower Bollinger Bands. The bands are facing downwards, so it is likely to continue falling.

Currently, the short-swing upper resistance level lies between 1.18000~1.18100. 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 (30th of March) was around 1.37598 early today. Under 1-hour-chart technical analysis, it pulled back as predicted yesterday (29th), then it rebounded. The candlestick is currently fluctuating below the middle Bollinger Band. 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 1.38100~1.38200. The current support level lies between 1.37000~1.37100. Investors who wish to sell short could consider selling between 1.37700~1.37800 in the short-term and setting the stop loss above 1.38000.

Technical Analysis (AUDUSD):

The price of AUD/USD (30th of March) was around 0.76325 early today. Under 1-hour-chart technical analysis, it rose after the pullback as predicted yesterday (29th). 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 0.76700~0.76750. The current support level lies between 0.76000~0.76050. Investors who wish to go long could consider buying between 0.76350~0.76420 in the short-term and setting the stop loss below 0.76270.

Technical Analysis (USOUSD):

The price of USO/USD (30th of March) was around 61.78 this morning. Under 1-hour-chart technical analysis, it rebounded after pulling back yesterday (29th). 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 63.80~63.90. The current support level lies between 60.30~60.40. Investors who wish to go long could consider buying between 61.60~61.85 in the short-term and setting the stop loss below 61.35.

Technical Analysis (Nas100):

The NASDAQ (30th of March) was around 12985.0 this morning. Under 1-hour-chart technical analysis, the candlestick continued rebounding as predicted yesterday (29th), it is currently pulling back and lying above the middle Bollinger Band. The bands continue facing upwards, so it is likely to continue rebounding.

Currently, the short-swing upper resistance level lies between 13100.0~13120.0. The current support level lies between 12820.0~12840.0. Investors who wish to go long could consider buying between 12950.0~12970.0 in the short-term and setting the stop loss below 12920.0.

Economic Calendar (30th of March)

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

 TimeCurrencyDataImportance
1.07:30JPYUnemployment Rate (Feb)
2.15:00CHFKOF Leading Indicators (Mar)★★
3.17:00EURBusiness Climate (Mar)
4.17:00EURConsumer Confidence (Mar)
5.17:00EURBusiness Climate (Mar)
6.20:00EURGerman CPI (MoM) (Mar)★★
7.21:00USDHouse Price Index (MoM) (Jan)
8.21:00USDS&P/CS HPI Composite – 20 n.s.a. (YoY) (Jan)★★
9.22:00USDCB Consumer Confidence (Mar)★★★

(Importance: maximum three stars★★★)

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