Technical Analysis (XAUUSD)

The price of gold (21st of April) was around 1778.5 USD/Ounce early today. Under 1-hour-chart technical analysis, the candlestick pulled back as predicted yesterday (20th), it then rebounded again. 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 1788.0~1790.0. The current support level lies between 1760.0~1762.0. Investors who wish to go long could consider buying between 1779.0~1781.0 in the short-term and setting the stop loss below 1776.0.

Technical Analysis (EURUSD):

The price of EUR/USD (21st of April) was around 1.20345 early today. Under 1-hour-chart technical analysis, the candlestick pulled back sharply as predicted yesterday (20th). 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 1.20600~1.20700. The current support level lies between 1.19800~1.19900. Investors who wish to sell short could consider selling between 1.20350~1.20450 in the short-term and setting the stop loss above 1.20600.

Technical Analysis (GBPUSD):

The price of GBP/USD (21st of April) was around 1.39340 early today. Under 1-hour-chart technical analysis, the candlestick declined as predicted yesterday (20th). 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 1.39700~1.39800. The current support level lies between 1.38400~1.38500. Investors who wish to sell short could consider selling between 1.39400~1.39500 in the short-term and setting the stop loss above 1.39650.

Technical Analysis (AUDUSD):

The price of AUD/USD (21st of April) was around 0.77231 early today. Under 1-hour-chart technical analysis, the candlestick plummeted after reaching the resistance level yesterday (20th). 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 0.77500~0.77550. The current support level lies between 0.76600~0.76650. Investors who wish to sell short could consider selling between 0.77200~0.77280 in the short-term and setting the stop loss above 0.77350.

Technical Analysis (USOUSD):

The price of USO/USD (21st of April) was around 62.39 this morning. Under 1-hour-chart technical analysis, the candlestick plummeted after the surge as predicted yesterday (20th). It is currently rebounding from deep, so it is likely to decline again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 63.40~63.60. The current support level lies between 61.00~61.20. Investors who wish to sell short could consider selling between 62.10~62.30 in the short-term and setting the stop loss above 62.50.

Technical Analysis (Nas100):

The NASDAQ (21st of April) was around 13758.9 this morning. Under 1-hour-chart technical analysis, the candlestick plummeted yesterday (20th). It is currently lying between the middle and lower Bollinger Bands. The bands area facing downwards, so it is likely to continue dropping.

Currently, the short-swing upper resistance level lies between 13850.0~13870.0. The current support level lies between 13610.0~13630.0. Investors who wish to sell short could consider selling between 13910.0~13940.0 in the short-term and setting the stop loss above 13880.0.

Economic Calendar (21st of April)

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

 TimeCurrencyDataImportance
1.07:00GBPCPI (MoM) (Mar)★★
2.07:00GBPRPI (MoM) (Mar)
3.13:30CADCPI (MoM) (Mar)★★
4.15:00CADBoC Interest Rate Decision★★★
5.15:30USDEIA Refinery Crude Runs (WoW)

(Importance: maximum three stars★★★)

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