Technical Analysis (XAUUSD)

The price of gold (6th of April) was around1728.1 USD/Ounceearly today. Under 1-hour-chart technical analysis, the candlestick skyrocketed after fluctuating slightly in the swing high yesterday (5th). 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 1744.0~1746.0. The current supportlevel lies between 1720.0~1722.0. Investors who wish to go long could consider buying between 1732.0~1734.0 in the short-term and setting the stop lossbelow1728.0.

Technical Analysis (EURUSD):

The price of EUR/USD (6thof April) was around 1.18123 early today. Under 1-hour-chart technical analysis, the candlestick rebounded sharply yesterday (5th). It is currently fluctuating above the middle Bollinger Band, so it is likely to pull back from high.

Currently, the short-swing upper resistance level lies between 1.18200~1.18300. The current support level lies between1.17800~1.17900. Investors who wish to sell short could consider selling between 1.18100~1.18200in the short-term and setting the stop loss above 1.18300.

Technical Analysis (GBPUSD):

The price of GBP/USD (6thof April) was around 1.39044early today. Under 1-hour-chart technical analysis,it rebounded sharply after the pullback yesterday (5th). The candlestick is currently fluctuating slightly in the swing high after the surge, so it is likely to pullback from high.

Currently, the short-swing upper resistance level lies between1.39150~1.39250. The current support level lies between1.38500~1.38600. Investors who wish to sell short could consider selling between 1.39000~1.39080 in the short-term and setting the stop loss above 1.39150.

Technical Analysis (AUDUSD):

The price of AUD/USD (6thof April) was around 0.76506 early today. Under 1-hour-chart technical analysis, it rebounded again after the pullback yesterday (5th). The candlestick is currently dropping below the lower middle Bollinger Band. The bands are facing downwards, so it is likely to continue dropping.

Currently, the short-swing upper resistance level lies between0.76600~0.76650. The current support level lies between0.76150~0.76200. Investors who wish to sell short could consider selling between 0.76450~0.76500 in the short-term and setting the stop loss above 0.76580.

Technical Analysis (USOUSD):

The price of USO/USD (6thof April) was around 58.76 this morning. Under 1-hour-chart technical analysis, it pulled back sharply after fluctuated dramatically yesterday (5th). The candlestick 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 60.60~60.70. The current support level lies between57.40~57.50. 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 (6thof April) was around 13614.9 this morning. Under 1-hour-chart technical analysis, the candlestick rose sharply yesterday (5th). It is currently fluctuating slightly after the surge, so it is likely to pullback from high.

Currently, the short-swing upper resistance level lies between 13660.0~13690.0. The current support level lies between13350.0~13380.0. Investors who wish to sell short could consider selling between 13610.0~13630.0 in the short-term and setting the stop loss above13660.0.

Economic Calendar (6thof April)

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

 TimeCurrencyDataImportance
1.02:45CHYCaixin Services PMI (Mar)★★
2.05:30AUSRBA Rate Statement  ★★★
3.05:30AUSRBA Interest Rate Decision (Apr)★★★
4.09:30EURSentix Investor Confidence (Apr)
5.10:00EURUnemployment Rate (Feb)★★

(Importance: maximum three stars★★★)

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