Technical Analysis (XAUUSD)

The price of gold (22nd of April) was around 1793.5 USD/Ounce early today. Under 1-hour-chart technical analysis, the candlestick continued rebounding as predicted yesterday (21st). 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 1803.0~1805.0. The current support level lies between 1778.0~1780.0. Investors who wish to go long could consider buying between 1792.0~1794.0 in the short-term and setting the stop loss below 1788.0.

Technical Analysis (EURUSD):

The price of EUR/USD (22nd of April) was around 1.20352 early today. Under 1-hour-chart technical analysis, the candlestick pulled back again as predicted yesterday (21st). It is currently rebounding and 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 1.20700~1.20800. The current support level lies between 1.19900~1.20000. Investors who wish to go long could consider buying between 1.20350~1.20450 in the short-term and setting the stop loss below 1.20200.

Technical Analysis (GBPUSD):

The price of GBP/USD (22nd of April) was around 1.39289 early today. Under 1-hour-chart technical analysis, the candlestick declined as predicted yesterday (21st). It is currently rebounding and 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 1.39900~1.40000. The current support level lies between 1.38800~1.38900. Investors who wish to go long could consider buying between 1.39400~1.39500 in the short-term and setting the stop loss below 1.39300.

Technical Analysis (AUDUSD):

The price of AUD/USD (22nd of April) was around 0.77517 early today. Under 1-hour-chart technical analysis, the candlestick pulled back after surging to the resistance level as predicted yesterday (21st). 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 0.77900~0.77950. The current support level lies between 0.77000~0.77050. Investors who wish to go long could consider buying between 0.77500~0.77550 in the short-term and setting the stop loss below 0.77400.

Technical Analysis (USOUSD):

The price of USO/USD (22nd of April) was around 61.10 this morning. Under 1-hour-chart technical analysis, the candlestick continued dropping as predicted yesterday (21st). It is currently keeping the bearish pattern. The candlesticks are forming a descending channel, so it is likely to decline again after rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 62.40~62.60. The current support level lies between 59.50~59.70. Investors who wish to sell short could consider selling between 61.00~61.25 in the short-term and setting the stop loss above 61.50.

Technical Analysis (Nas100):

The NASDAQ (22nd of April) was around 13908.8 this morning. Under 1-hour-chart technical analysis, the candlestick declined as predicted yesterday (21st). It is currently rebounding and 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 14010.0~14030.0. The current support level lies between 13800.0~13820.0. Investors who wish to go long could consider buying between 13910.0~13930.0 in the short-term and setting the stop loss below 13880.0.

Economic Calendar (22nd of April)

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

 TimeCurrencyDataImportance
1.07:00CHFTrade Balance (Mar)
2.11:00GBPCBI Industrial Trends Orders (Apr)★★
3.12:45EURECB Marginal Lending Facility★★★
4.13:30USDInitial Jobless Claims★★★
5.15:00USDExisting Home Sales (Mar)★★★
6.15:00USDUS Leading Index (MoM) (Mar)
7.15:30USDNatural Gas Storage

(Importance: maximum three stars★★★)

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