Technical Analysis (XAUUSD)

The price of gold (19th of April) was around 1777.0 USD/Ounce early today. Under 1-hour-chart technical analysis, the candlestick rebounded sharply after the pullback as predicted last Friday (16th). It is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards, so it is likely to rise again after the pullback.

Currently, the short-swing upper resistance level lies between 1790.0~1793.0. The current support level lies between 1760.0~1763.0. Investors who wish to go long could consider buying between 1778.0~1780.0 in the short-term and setting the stop loss below 1775.0.

Technical Analysis (EURUSD):

The price of EUR/USD (19th of April) was around 1.19756 early today. Under 1-hour-chart technical analysis, the candlestick pulled back after fluctuating in the swing high as predicted last Friday (16th). It is currently lying between the middle and lower Bollinger Bands. The bands are facing downwards, so it is likely to continue declining.

Currently, the short-swing upper resistance level lies between 1.19700~1.19800. The current support level lies between 1.19200~1.19300. Investors who wish to sell short could consider selling between 1.19500~1.19600 in the short-term and setting the stop loss above 1.19700.

Technical Analysis (GBPUSD):

The price of GBP/USD (19th of April) was around 1.38288 early today. Under 1-hour-chart technical analysis, the candlestick surged again last Friday (16th). It is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards, so it is likely to rebound.

Currently, the short-swing upper resistance level lies between 1.38500~1.38600. The current support level lies between 1.37900~1.38000. Investors who wish to go long could consider buying between 1.38200~1.38300 in the short-term and setting the stop loss below 1.38050.

Technical Analysis (AUDUSD):

The price of AUD/USD (19th of April) was around 0.77240 early today. Under 1-hour-chart technical analysis, the candlestick declined after the pullback as predicted last Friday (16th). It is currently lying between the middle and lower Bollinger Bands. 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 0.77400~0.77450. The current support level lies between 0.76800~0.76850. Investors who wish to sell short could consider selling between 0.77300~0.77350 in the short-term and setting the stop loss above 0.77420.

Technical Analysis (USOUSD):

The price of USO/USD (19th of April) was around 63.02 this morning. Under 1-hour-chart technical analysis, the candlestick pulled back after fluctuating in the swing high last Friday (16th). It is currently lying between the middle and lower Bollinger Bands. The bands continue facing downwards, so it is likely to pullback.

Currently, the short-swing upper resistance level lies between 63.50~63.70. The current support level lies between 61.80~62.00. Investors who wish to sell short could consider selling between 63.00~63.15 in the short-term and setting the stop loss above 63.35.

Technical Analysis (Nas100):

The NASDAQ (19th of April) was around 13994.1 this morning. Under 1-hour-chart technical analysis, the candlestick fluctuated slightly in the swing high last Friday (16th). It is currently fluctuating around the middle Bollinger Band. The bands are contracting, so it is likely to rebound to the resistance level.

Currently, the short-swing upper resistance level lies between 14100.0~14120.0. The current support level lies between 13900.0~13920.0. Investors who wish to sell short could consider selling between 14030.0~14050.0 in the short-term and setting the stop loss above 14080.0.

Economic Calendar (19th of April)

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

 TimeCurrencyDataImportance
1.09:00EURCurrent Account n.s.a. (Feb)

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