Technical Analysis (XAUUSD)

The price of gold (8th of April) was around 1737.5 USD/Ounce early today. Under 1-hour-chart technical analysis, the candlestick surged as predicted yesterday (7th). It is currently pulling back and lying between the middle and lower Bollinger Bands. The bands are facing downwards, so it is likely to continue to decline.

Currently, the short-swing upper resistance level lies between 1744.0~1746.0. The current support level lies between 1723.0~1725.0. Investors who wish to sell short could consider selling between 1735.0~1738.0 in the short-term and setting the stop loss above 1741.0.

Technical Analysis (EURUSD):

The price of EUR/USD (8th of April) was around 1.18686 early today. Under 1-hour-chart technical analysis, after the candlestick surged as predicted yesterday (7th), it pulled back sharply. 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 1.18800~1.18900. The current support level lies between 1.18200~1.18300. Investors who wish to sell short could consider selling between 1.18650~1.18750 in the short-term and setting the stop loss above 1.18850.

Technical Analysis (GBPUSD):

The price of GBP/USD (8th of April) was around 1.37337 early today. Under 1-hour-chart technical analysis, it continued pulling back as predicted yesterday (7th). The candlestick is currently forming a bearish pattern, lying between the middle and lower Bollinger Bands. The bands continue facing downwards and expanding, so it is likely to decline again after rebounding the resistance level.

Currently, the short-swing upper resistance level lies between 1.37800~1.37900. The current support level lies between 1.37000~1.37100. Investors who wish to sell short could consider selling between 1.37500~1.37600 in the short-term and setting the stop loss above 1.37800.

Technical Analysis (AUDUSD):

The price of AUD/USD (8th of April) was around 0.76082 early today. Under 1-hour-chart technical analysis, it continued declining as predicted yesterday (7th). The candlestick is currently forming a bearish pattern. The bands are facing downwards, so it is likely to continue falling.

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 0.76150~0.76200 in the short-term and setting the stop loss above 0.76280.

Technical Analysis (USOUSD):

The price of USO/USD (8th of April) was around 59.42 this morning. Under 1-hour-chart technical analysis, it rebounded yesterday (7th), then it pulled back again. The candlestick 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 60.70~60.80. The current support level lies between 57.60~57.70. Investors who wish to sell short could consider selling between 59.40~59.55 in the short-term and setting the stop loss above 59.80.

Technical Analysis (Nas100):

The NASDAQ (8th of April) was around 13635.5 this morning. Under 1-hour-chart technical analysis, after the candlestick fluctuated in the swing high yesterday (7th), it rebounded. It is currently lying around the middle Bollinger Band. The bands are facing upwards, so it is likely to rebound.

Currently, the short-swing upper resistance level lies between 13760.0~13780.0. The current support level lies between 13400.0~13420.0. Investors who wish to go long could consider buying between 13600.0~13620.0 in the short-term and setting the stop loss below 13570.0.

Economic Calendar (8th of April)

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

 TimeCurrencyDataImportance
1.00:50JPYCurrent Account n.s.a. (Feb)★★
2.07:45EURFrench Current Account (Feb)
3.10:00EURPPI (MoM) (Feb)
4.13:30USDInitial Jobless Claims★★★
5.15:30USDNatural Gas Storage

(Importance: maximum three stars★★★)

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