Technical Analysis (XAUUSD)

The price of gold (1st of April) was around 1707.3 USD/Ounce early today. Under 1-hour-chart technical analysis, the candlestick skyrocketed after fluctuating slightly in the swing low yesterday (31st). It is currently fluctuating around the upper Bollinger Band. The bands are likely to pullback, so it is likely to decline after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 1716.0~1718.0. The current support level lies between 1696.0~1698.0. Investors who wish to sell short could consider selling between 1710.0~1712.0 in the short-term and setting the stop loss above 1716.0.

Technical Analysis (EURUSD):

The price of EUR/USD (1st of April) was around 1.17266 early today. Under 1-hour-chart technical analysis, the candlestick rebounded yesterday (31st), then it pulled back again. It 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 1.17600~1.17700. The current support level lies between 1.16900~1.17000. Investors who wish to sell short could consider selling between 1.17250~1.17350 in the short-term and setting the stop loss above 1.17450.

Technical Analysis (GBPUSD):

The price of GBP/USD (1st of April) was around 1.37811 early today. Under 1-hour-chart technical analysis, it rebounded from the bottom yesterday (31st). The candlestick is currently fluctuating around the middle Bollinger Band after the pullback. 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 1.38000~1.38100. The current support level lies between 1.37200~1.37300. Investors who wish to sell short could consider selling between 1.37800~1.37900 in the short-term and setting the stop loss above 1.38050.

Technical Analysis (AUDUSD):

The price of AUD/USD (1st of April) was around 0.75935 early today. Under 1-hour-chart technical analysis, it fell again as predicted yesterday (31st). The candlestick is currently lying between the middle and lower Bollinger Bands. The bands continue dropping, so it is likely to decline again.

Currently, the short-swing upper resistance level lies between 0.76000~0.76050. The current support level lies between 0.75450~0.75500. Investors who wish to sell short could consider selling between 0.75800~0.75850 in the short-term and setting the stop loss above 0.75950.

Technical Analysis (USOUSD):

The price of USO/USD (1st of April) was around 59.41 this morning. Under 1-hour-chart technical analysis, it pulled back again after rebounding to the resistance level as predicted yesterday (31st). 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 61.10~61.20. The current support level lies between 57.60~57.70. Investors who wish to sell short could consider selling between 59.60~59.80 in the short-term and setting the stop loss above 60.10.

Technical Analysis (Nas100):

The NASDAQ (1st of April) was around 13109.3 this morning. Under 1-hour-chart technical analysis, the candlestick rebounded sharply yesterday (31st). It is currently fluctuating slightly after the surge, so it is likely to drop again.

Currently, the short-swing upper resistance level lies between 13170.0~13190.0. The current support level lies between 13000.0~13020.0. Investors who wish to sell short could consider selling between 13120.0~13140.0 in the short-term and setting the stop loss above 13170.0.

Economic Calendar (1st of April)

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

 TimeCurrencyDataImportance
1.02:45CHYCaixin Manufacturing PMI (Mar)★★★
2.07:30CHFCPI (MoM) (Mar)★★
3.07:30CHFRetail Sales (YoY) (Feb)★★
4.08:50EURFrench Manufacturing PMI (Mar)★★
5.08:55EURGerman Manufacturing PMI (Mar)★★★
6.09:00EURManufacturing PMI (Mar)★★
7.09:30GBPManufacturing PMI (Mar)★★★
8.12:30USDChallenger Job Cuts (Mar)
9.13:30USDInitial Jobless Claims★★★
10.14:45USDManufacturing PMI (Mar)★★
11.15:00USDISM Manufacturing PMI (Mar)★★★
12.15:00USDConstruction Spending (MoM) (Feb)
13.15:30USDNatural Gas Storage

(Importance: maximum three stars★★★)

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