Technical Analysis (XAUUSD)

The price of gold (13th of April) was around 1732.7 USD/Ounce early today. Under 1-hour-chart technical analysis, the candlestick continued declining as predicted yesterday (12th). It is currently lying between the middle and lower Bollinger Bands. The bands are facing downwards, so it is likely to drop again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 1740.0~1742.0. The current support level lies between 1715.0~1717.0. Investors who wish to sell short could consider selling between 1730.0~1732.0 in the short-term and setting the stop loss above 1736.0.

Technical Analysis (EURUSD):

The price of EUR/USD (13th of April) was around 1.19123 early today. Under 1-hour-chart technical analysis, after the candlestick surged to resistance level yesterday (12th), it made a small rebound. It is currently fluctuating around the middle Bollinger Band. The bands are contracting, so it is likely to decline again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 1.19300~1.19400. The current support level lies between 1.18500~1.18600. Investors who wish to sell short could consider selling between 1.19050~1.19150 in the short-term and setting the stop loss above 1.19250.

Technical Analysis (GBPUSD):

The price of GBP/USD (13th of April) was around 1.37401 early today. Under 1-hour-chart technical analysis, the candlestick rebounded after reaching the bottom yesterday (12th). It is currently fluctuating around the middle Bollinger Band. The bands are contracting, so it is likely to drop again after rebounding to resistance level.

Currently, the short-swing upper resistance level lies between 1.37900~1.38000. The current support level lies between 1.36800~1.36900. Investors who wish to sell short could consider selling between 1.37400~1.37500 in the short-term and setting the stop loss above 1.37600.

Technical Analysis (AUDUSD):

The price of AUD/USD (13th of April) was around 0.76205 early today. Under 1-hour-chart technical analysis, after the candlestick dropped yesterday (12th), it rebounded. It is currently lying between the middle and lower Bollinger Bands. The bands continue facing downwards, so it is likely to continue falling.

Currently, the short-swing upper resistance level lies between 0.76350~0.76400. The current support level lies between 0.75800~0.75850. Investors who wish to sell short could consider selling between 0.76150~0.76250 in the short-term and setting the stop loss above 0.76350.

Technical Analysis (USOUSD):

The price of USO/USD (13th of April) was around 59.60 this morning. Under 1-hour-chart technical analysis, the candlestick rebounded from the bottom yesterday (12th), and pulled back again. It is currently fluctuating around the middle Bollinger Band. The bands are facing upwards, so it is likely to continue rebounding.

Currently, the short-swing upper resistance level lies between 61.00~61.10. The current support level lies between 58.70~58.80. Investors who wish to go long could consider buying between 59.80~59.90 in the short-term and setting the stop loss below 59.50.

Technical Analysis (Nas100):

The NASDAQ (13th of April) was around 13841.7 this morning. Under 1-hour-chart technical analysis, after the candlestick pulled back yesterday (12th), it rebounded again. It is currently pulling back and lying around the middle Bollinger Band. The bands are facing downwards, so it is likely to pullback.

Currently, the short-swing upper resistance level lies between 13890.0~13910.0. The current support level lies between 13650.0~13670.0. Investors who wish to sell short could consider selling between 13840.0~13860.0 in the short-term and setting the stop loss above 13880.0.

Economic Calendar (13th of April)

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

 TimeCurrencyDataImportance
1.10:50CHYTrade Balance (USD) (Mar)★★
2.14:00GBPMonthly GDP 3M/3M Change★★★
3.14:00GBPManufacturing Production (MoM) (Feb)★★★
4.14:00GBPTrade Balance (Feb)★★
5.14:00GBPIndustrial Production (MoM) (Feb)★★
6.17:00EURGerman ZEW Economic Sentiment (Apr)★★★
7.17:00EURZEW Economic Sentiment (Apr)★★
8.18:00USDNFIB Small Business Optimism (Mar)
9.20:30USDCPI (MoM) (Mar)★★

(Importance: maximum three stars★★★)

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