Technical Analysis (XAUUSD)

The price of gold (23rd of April) was around 1783.9 USD/Ounce early today. Under 1-hour-chart technical analysis, the candlestick pulled back sharply after surging to the resistance level yesterday (22nd). It is currently rebounding and fluctuating around the middle Bollinger Band. 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 1795.0~1798.0. The current support level lies between 1768.0~1771.0. Investors who wish to sell short could consider selling between 1785.0~1787.0 in the short-term and setting the stop loss above 1790.0.

Technical Analysis (EURUSD):

The price of EUR/USD (23rd of April of April) was around 1.20158 early today. Under 1-hour-chart technical analysis, the candlestick surged as predicted yesterday (22nd), then it dropped sharply after reaching the resistance level. It is currently rebounding and 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 1.20500~1.20600. The current support level lies between 1.19800~1.19900. Investors who wish to sell short could consider selling between 1.20250~1.20350 in the short-term and setting the stop loss above 1.20500.

Technical Analysis (GBPUSD):

The price of GBP/USD (23rd of April) was around 1.38401 early today. Under 1-hour-chart technical analysis, the candlestick fell sharply after fluctuating in the swing high yesterday (22nd). It is currently rebounding and fluctuating around the middle Bollinger Band. The bands are facing downwards, so it is likely to decline again rebounding to the resistance level.

Currently, the short-swing upper resistance level lies between 1.39100~1.39200. The current support level lies between 1.38000~1.38100. Investors who wish to sell short could consider selling between 1.38800~1.38900 in the short-term and setting the stop loss above 1.39050.

Technical Analysis (AUDUSD):

The price of AUD/USD (23rd of April) was around 0.77098 early today. Under 1-hour-chart technical analysis, the candlestick pulled back after rebounding to the resistance level yesterday (22nd). It is currently lying between the middle and lower Bollinger Bands. The bands are facing downwards, so it is likely to drop again after rebounding to the resistance level.

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 0.77400~0.77450 in the short-term and setting the stop loss above 0.77520.

Technical Analysis (USOUSD):

The price of USO/USD (23rd of April of April) was around 61.61 this morning. Under 1-hour-chart technical analysis, the candlestick dropped again as predicted yesterday (22nd). The candlestick bounced back from the bottom. The bands are facing upwards, so it is likely to continue rebounding.

Currently, the short-swing upper resistance level lies between 62.70~62.90. The current support level lies between 60.70~60.90. Investors who wish to go long could consider buying between 61.70~61.90 in the short-term and setting the stop loss below 61.50.

Technical Analysis (Nas100):

The NASDAQ (23rd of April) was around 13770.2 this morning. Under 1-hour-chart technical analysis, after the candlestick rebounded to the resistance level as predicted yesterday (22nd), it then dropped sharply. It is currently rebounding and lying between the middle and lower Bollinger Bands. The bands are facing downwards, so it is likely to decline again after bouncing back to the resistance level.

Currently, the short-swing upper resistance level lies between 13850.0~13880.0. The current support level lies between 13660.0~13690.0. Investors who wish to sell short could consider selling between 13820.0~13840.0 in the short-term and setting the stop loss above 13860.0.

Economic Calendar (23rd of April)

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

 TimeCurrencyDataImportance
1.07:01GBPGfK Consumer Confidence (Apr)
2.07:30JPYNational Core CPI (YoY) (Mar)★★
3.14:00GBPRetail Sales (MoM) (Mar)★★★
4.15:15EURFrench Manufacturing PMI (Apr)  ★★
5.15:30EURGerman Manufacturing PMI (Apr) ★★★
6.16:00EURManufacturing PMI (Apr) ★★
7.16:30GBPManufacturing PMI ★★★
8.16:30GBPServices PMI  ★★★
9.21:45USDManufacturing PMI (Apr)★★
10.21:45USDServices PMI (Apr)  ★★
11.22:00USDNew Home Sales (Mar)★★★

(Importance: maximum three stars★★★)

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