Technical Analysis (XAUUSD)

The price of gold (14th of April) was around 1745.3 USD/Ounce early today. Under 1-hour-chart technical analysis, after the candlestick declined again as predicted yesterday (13th), it rebounded from the bottom. The candlestick 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 1756.0~1758.0. The current support level lies between 1736.0~1738.0. Investors who wish to go long could consider buying between 1742.0~1744.0 in the short-term and setting the stop loss below 1739.0.

Technical Analysis (EURUSD):

The price of EUR/USD (14th of April) was around 1.19486 early today. Under 1-hour-chart technical analysis, after the candlestick pulled back yesterday (13th), it rebounded sharply. It is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards, so it is likely to rebound again after the pullback.

Currently, the short-swing upper resistance level lies between 1.19750~1.19850. The current support level lies between 1.18800~1.18900. Investors who wish to go long could consider buying between 1.19400~1.19500 in the short-term and setting the stop loss below 1.19200.

Technical Analysis (GBPUSD):

The price of GBP/USD (14th of April) was around 1.37496 early today. Under 1-hour-chart technical analysis, after the candlestick made a small retracement yesterday (13th), it rebounded again. It is currently fluctuating above 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 1.38000~1.38100. The current support level lies between 1.37100~1.37200. Investors who wish to go long could consider buying between 1.37500~1.37600 in the short-term and setting the stop loss below 1.37350.

Technical Analysis (AUDUSD):

The price of AUD/USD (14th of April) was around 0.76411 early today. Under 1-hour-chart technical analysis, the candlestick rebounded from the bottom yesterday (13th). 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 0.76700~0.76750. The current support level lies between 0.76200~0.76250. Investors who wish to go long could consider buying between 0.76430~0.76480 in the short-term and setting the stop loss below 0.76350.

Technical Analysis (USOUSD):

The price of USO/USD (14th of April) was around 60.62 this morning. Under 1-hour-chart technical analysis, the candlestick rebounded from the bottom as predicted yesterday (13th). It is currently lying between the middle and upper Bollinger Bands. The bands continue facing upwards, so it is likely to continue rebounding.

Currently, the short-swing upper resistance level lies between 61.60~61.70. The current support level lies between 58.80~58.90. Investors who wish to go long could consider buying between 60.50~60.70 in the short-term and setting the stop loss below 60.20.

Technical Analysis (Nas100):

The NASDAQ (14th of April) was around 13994.7 this morning. Under 1-hour-chart technical analysis, after the candlestick pulled back yesterday (13th), it surged and broke out the swing high again. It is currently fluctuating around the middle Bollinger Band. The bands are contracting, so it is likely to pullback.

Currently, the short-swing upper resistance level lies between 14020.0~14040.0. The current support level lies between 13790.0~13810.0. Investors who wish to sell short could consider selling between 13950.0~13970.0 in the short-term and setting the stop loss above 14000.0.

Economic Calendar (14th of April)

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

 TimeCurrencyDataImportance
1.03:00NZDRBNZ Interest Rate Decision★★★
2.10:00EURIndustrial Production (MoM) (Feb)★★
3.13:30USDImport Price Index (MoM) (Mar)★★
4.15:30USDEIA Weekly Refinery Utilization Rates (WoW)

(Importance: maximum three stars★★★)

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