Technical Analysis (XAUUSD)

The price of gold (31st of March) was around 1685.0 USD/Ounce early today. Under 1-hour-chart technical analysis, the candlestick plummeted after dipping below the 1700-mark as predicted yesterday (30th). It is currently lying below the middle Bollinger Bands. 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 1697.0~1700.0. The current support level lies between 1672.0~1675.0. Investors who wish to sell short could consider selling between 1686.0~1689.0 in the short-term and setting the stop loss above 1692.0.

Technical Analysis (EURUSD):

The price of EUR/USD (31st of March) was around 1.17163 early today. Under 1-hour-chart technical analysis, the candlestick dropped sharply as predicted yesterday (30th), it is currently lying between the middle and lower Bollinger Bands. The bands are facing downwards, so it is likely to continue declining.

Currently, the short-swing upper resistance level lies between 1.17500~1.17600. The current support level lies between 1.16800~1.16900. Investors who wish to sell short could consider selling between 1.17150~1.17250 in the short-term and setting the stop loss above 1.17350.

Technical Analysis (GBPUSD):

The price of GBP/USD (31st of March) was around 1.37351 early today. Under 1-hour-chart technical analysis, the candlestick is currently rebounding and fluctuating below the middle Bollinger Band after it continued dropping sharply as predicted yesterday (30th). 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 1.37600~1.37700. The current support level lies between 1.36800~1.36900. Investors who wish to sell short could consider selling between 1.37300~1.37400 in the short-term and setting the stop loss above 1.37550.

Technical Analysis (AUDUSD):

The price of AUD/USD (31st of March) was around 0.75943 early today. Under 1-hour-chart technical analysis, it plummeted yesterday (30th). The candlestick is currently lying between the middle and lower Bollinger Bands. The bands are facing downwards, so it is likely drop again.

Currently, the short-swing upper resistance level lies between 0.76300~0.76350. The current support level lies between 0.75600~0.75650. Investors who wish to sell short could consider selling between 0.76050~0.76100 in the short-term and setting the stop loss above 0.76180.

Technical Analysis (USOUSD):

The price of USO/USD (31st of March) was around 60.38 this morning. Under 1-hour-chart technical analysis, it pulled back again after rebounding to the resistance level yesterday (30th). The candlestick is currently lying between the middle and lower Bollinger Bands. The bands are facing downwards, so it is likely to continue dropping.

Currently, the short-swing upper resistance level lies between 62.20~62.30. The current support level lies between 58.70~58.80. Investors who wish to sell short could consider selling between 60.60~60.85 in the short-term and setting the stop loss above 61.15.

Technical Analysis (Nas100):

The NASDAQ (31st of March) was around 12904.4 this morning. Under 1-hour-chart technical analysis, the candlestick plummeted yesterday (30th). It is currently fluctuating around the middle Bollinger Band. The bands are facing downwards, so it is likely to continue falling.

Currently, the short-swing upper resistance level lies between 12980.0~13000.0. The current support level lies between 12750.0~12770.0. Investors who wish to sell short could consider selling between 12890.0~12920.0 in the short-term and setting the stop loss above 12950.0.

Economic Calendar (31st of March)

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

 TimeCurrencyDataImportance
1.09:00CHYManufacturing PMI (Mar)★★★
2.14:00GBPGDP (YoY) (Q4)★★★
3.14:00GBPNationwide HPI (MoM) (Mar)★★
4.14:00GBPCurrent Account (Q4)★★
5.14:45EURFrench CPI (MoM)★★
6.15:55EURGerman Unemployment Change (Mar)★★★
7.15:55EURGerman Unemployment Rate (Mar)★★
8.16:00CHFZEW Expectations (Mar)
9.17:00EURCPI (YoY) (Mar)★★★
10.17:00EURCPI (MoM)★★
11.20:15USDADP Nonfarm Employment Change (Mar)★★★
12.20:30CADGDP (MoM) (Jan)★★★
13.21:45USDChicago PMI (Mar)★★
14.22:00USDPending Home Sales (MoM) (Feb)★★★
15.22:30USDEIA Weekly Refinery Utilization Rates (WoW)

(Importance: maximum three stars★★★)

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