Technical Analysis (XAUUSD)

The price of gold (26th of April) was around 1775.7 USD/Ounce early today. Under 1-hour-chart technical analysis, the candlestick plummeted after reaching the higher resistance level as predicted last Friday (23rd). 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 1790.0~1793.0. The current support level lies between 1764.0~1767.0. Investors who wish to sell short could consider selling between 1778.0~1780.0 in the short-term and setting the stop loss above 1783.0.

Technical Analysis (EURUSD):

The price of EUR/USD (26th of April) was around 1.20939 early today. Under 1-hour-chart technical analysis, after the candlestick pulled back last Friday (23rd), it rebounded. 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 1.21200~1.21300. The current support level lies between 1.20700~1.20800. Investors who wish to go long could consider buying between 1.20900~1.20950 in the short-term and setting the stop loss below 1.20800.

Technical Analysis (GBPUSD):

The price of GBP/USD (26th of April) was around 1.38708 early today. Under 1-hour-chart technical analysis, the candlestick pulled back as predicted last Friday (23rd). It is currently rebounding and fluctuating around the middle Bollinger Band. The bands are facing upwards, so it is likely to continue rebounding.

Currently, the short-swing upper resistance level lies between 1.39400~1.39500. The current support level lies between 1.38400~1.38500. Investors who wish to go long could consider buying between 1.38800~1.38900 in the short-term and setting the stop loss below 1.38700.

Technical Analysis (AUDUSD):

The price of AUD/USD (26th of April) was around 0.77461 early today. Under 1-hour-chart technical analysis, the candlestick skyrocketed after a pullback as last Friday (23rd). 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 0.77300~0.77350. Investors who wish to go long could consider buying between 0.77650~0.77700 in the short-term and setting the stop loss below 0.77550.

Technical Analysis (USOUSD):

The price of USO/USD (26th of April) was around 62.04 this morning. Under 1-hour-chart technical analysis, the candlestick rebounded as predicted last Friday (23rd). 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 63.00~63.20. The current support level lies between 61.30~61.50. Investors who wish to go long could consider buying between 62.00~62.20 in the short-term and setting the stop loss below 61.70.

Technical Analysis (Nas100):

The NASDAQ (26th of April) was around 13931.6 this morning. Under 1-hour-chart technical analysis, after the candlestick fluctuated in the swing low last Friday (23rd), it then rebounded sharply. 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 14000.0~14020.0. The current support level lies between 13800.0~13820.0. Investors who wish to go long could consider buying between 13900.0~13920.0 in the short-term and setting the stop loss below 13870.0.

Economic Calendar (26rd of April)

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

 TimeCurrencyDataImportance
1.09:00EURGerman Current Assessment (Apr)★★
2.13:30USDDurable Goods Orders (MoM) (Mar)★★
3.15:30USDDallas Fed Mfg Business Index (Apr)

(Importance: maximum three stars★★★)

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