Technical Analysis (XAUUSD)

The price of gold (28th of April) was around 1776.5 USD/Ounce early today. Under 1-hour-chart technical analysis, the candlestick pulled back after surging to the resistance level yesterday (27th). It is currently rebounding and 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 1777.0~1780.0. The current support level lies between 1760.0~1763.0. Investors who wish to sell short could consider selling between 1772.0~1774.0 in the short-term and setting the stop loss above 1777.0.

Technical Analysis (EURUSD):

The price of EUR/USD (28th of April) was around 1.20885 early today. Under 1-hour-chart technical analysis, after the candlestick fluctuated slightly as predicted yesterday (27th), it pulled back sharply. The candlestick is currently rebounding and 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 1.21100~1.21200. The current support level lies between 1.20300~1.20400. Investors who wish to sell short could consider selling between 1.20800~1.20900 in the short-term and setting the stop loss above 1.21000.

Technical Analysis (GBPUSD):

The price of GBP/USD (28th of April) was around 1.39037 early today. Under 1-hour-chart technical analysis, after the candlestick surged to the resistance level as predicted yesterday (27th), it pulled back. It is currently rebounding and fluctuating below the middle Bollinger Band. The bands are facing downwards, so it is likely to drop again.

Currently, the short-swing upper resistance level lies between 1.39100~1.39200. The current support level lies between 1.38100~1.38200. 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 (28th of April) was around 0.77679 early today. Under 1-hour-chart technical analysis, the candlestick declined sharply as predicted yesterday (27th). It is currently lying between the middle and lower Bollinger Bands. The bands are facing downwards and expanding, so it is likely to continue declining.

Currently, the short-swing upper resistance level lies between 0.77650~0.77700. The current support level lies between 0.77100~0.77150. Investors who wish to sell short could consider selling between 0.77500~0.77550 in the short-term and setting the stop loss above 0.77620.

Technical Analysis (USOUSD):

The price of USO/USD (28th of April) was around 62.96 this morning. Under 1-hour-chart technical analysis, the candlestick rebounded as predicted yesterday (27th). It is currently lying between the middle and upper Bollinger Bands. The bands continue facing upwards, so it is likely to continue rebounding.

Currently, the short-swing upper resistance level lies between 63.50~63.70. The current support level lies between 62.10~62.30. Investors who wish to go long could consider buying between 62.60~62.80 in the short-term and setting the stop loss below 62.40.

Technical Analysis (Nas100):

The NASDAQ (28th of April) was around 13970.7 this morning. Under 1-hour-chart technical analysis, the candlestick pulled back as predicted yesterday (27th). It is currently lying below the middle Bollinger Bands. The bands are facing downwards, so it is likely to continue declining.

Currently, the short-swing upper resistance level lies between 14050.0~14070.0. The current support level lies between 13880.0~13900.0. Investors who wish to sell short could consider selling between 13990.0~14000.0 in the short-term and setting the stop loss above 14030.0.

Economic Calendar (28th of April)

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

 TimeCurrencyDataImportance
1.02:30AUDCPI (QoQ) (Q1)★★★
2.07:00EURGfK German Consumer Climate (May)★★
3.09:00CHFZEW Expectations (Apr)
4.13:30CADRetail Sales (MoM) (Feb)★★
5.15:30USDEIA Refinery Crude Runs (WoW)

(Importance: maximum three stars★★★)

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