Technical Analysis (XAUUSD)

The price of gold (20th of April) was around 1771.1 USD/Ounce early today. Under 1-hour-chart technical analysis, the candlestick rose sharply again as predicted yesterday (19th), it then plummeted after fluctuating in the swing high. 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 1775.0~1778.0. The current support level lies between 1757.0~1760.0. Investors who wish to sell short could consider selling between 1771.0~1773.0 in the short-term and setting the stop loss above 1776.0.

Technical Analysis (EURUSD):

The price of EUR/USD (20th of April) was around 1.20362 early today. Under 1-hour-chart technical analysis, the candlestick surged again yesterday (19th), it broke out the swing high. It is currently pulling back and fluctuating around the middle Bollinger Band. The bands are contracting, so it is likely to fall after dipping below the middle band.

Currently, the short-swing upper resistance level lies between 1.20600~1.20700. The current support level lies between 1.19800~1.19900. Investors who wish to sell short could consider selling between 1.20400~1.20500 in the short-term and setting the stop loss above 1.20650.

Technical Analysis (GBPUSD):

The price of GBP/USD (20th of April) was around 1.39829 early today. Under 1-hour-chart technical analysis, the candlestick rose sharply again as predicted yesterday (19th), it also hit another new high. It is currently fluctuating above the middle Bollinger Band. The bands are contracting, so it is likely to pullback from high.

Currently, the short-swing upper resistance level lies between 1.40200~1.40300. The current support level lies between 1.39000~1.39100. Investors who wish to sell short could consider selling between 1.39900~1.40000 in the short-term and setting the stop loss above 1.40150.

Technical Analysis (AUDUSD):

The price of AUD/USD (20th of April) was around 0.77525 early today. Under 1-hour-chart technical analysis, the candlestick rebounded again after the pullback yesterday (19th). 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 0.78050~0.78100. The current support level lies between 0.77400~0.77450. Investors who wish to go long could consider buying between 0.77700~0.77750 in the short-term and setting the stop loss below 0.77600.

Technical Analysis (USOUSD):

The price of USO/USD (20th of April) was around 63.49 this morning. Under 1-hour-chart technical analysis, the candlestick continued rebounding yesterday (19th). It is currently reaching the new swing high again, so it is likely to pullback after failing to break out.

Currently, the short-swing upper resistance level lies between 64.00~64.20. The current support level lies between 61.50~61.70. Investors who wish to sell short could consider selling between 63.50~63.70 in the short-term and setting the stop loss above 63.90.

Technical Analysis (Nas100):

The NASDAQ (20th of April) was around 13914.9 this morning. Under 1-hour-chart technical analysis, the candlestick plummeted after it fluctuated in the swing high as predicted yesterday (19th). It is currently lying above the 5-day MA. The Bollinger Bands are contracting, so it is likely to rebound after standing firmly above the middle band.

Currently, the short-swing upper resistance level lies between 14010.0~14030.0. The current support level lies between 13820.0~13840.0. Investors who wish to go long could consider buying between 13910.0~13940.0 in the short-term and setting the stop loss below 13880.0.

Economic Calendar (20th of April)

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

 TimeCurrencyDataImportance
1.02:30CHYPBoC Loan Prime Rate★★★
2.07:00EURGerman PPI (MoM) (Mar)★★
3.07:00GBPEmployment Change 3M/3M (MoM) (Feb)★★
4.07:00GBPUnemployment Rate (Feb)★★
5.07:00GBPClaimant Count Change (Mar)★★★

(Importance: maximum three stars★★★)

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