Technical Analysis (XAUUSD)

The price of gold (29th of April) was around1781.7USD/Ounceearly today. Under 1-hour-chart technical analysis, the candlestick pulled back as predicted yesterday(28th), it then rebounded from the bottom. 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 1795.0~1798.0. The current supportlevel lies between1779.0~1781.0. Investors who wish to go long could consider buying between 1786.0~1788.0 in the short-term and setting the stop lossbelow1783.0.

Technical Analysis (EURUSD):

The price of EUR/USD (29thof April) was around 1.21245early today. Under 1-hour-chart technical analysis, after the candlestick pulled back yesterday (28th), it 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 1.21700~1.21800. The current support level lies between1.21000~1.21100. Investors who wish to go long could consider buying between 1.21300~1.21380in the short-term and setting the stop loss below1.21200.

Technical Analysis (GBPUSD):

The price of GBP/USD (29thof April) was around 1.39350early today. Under 1-hour-chart technical analysis, after the candlestick made a small retracement yesterday (28th), it skyrocketed. It is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards and expanding, so it is likely to continue rising.

Currently, the short-swing upper resistance level lies between1.40000~1.40100. The current support level lies between1.39200~1.39300. Investors who wish to go long could consider buying between 1.39400~1.39500in the short-term and setting the stop loss below1.39300.

Technical Analysis (AUDUSD):

The price of AUD/USD (29thof April) was around 0.77871early today. Under 1-hour-chart technical analysis, the candlestick plummeted as predicted yesterday (28th), it then rebounded sharply. It is currently lying between the middle and upper Bollinger Bands. The bands are facing upwards and expanding, so it is likely to continue rebounding.

Currently, the short-swing upper resistance level lies between0.78300~0.78350. The current support level lies between0.77750~0.77800. Investors who wish to go long could consider buying between 0.77850~0.77900in the short-term and setting the stop loss below0.77780.

Technical Analysis (USOUSD):

The price of USO/USD (29thof April) was around 63.63this morning. Under 1-hour-chart technical analysis, the candlestick continued rebounding as predicted yesterday (28th). It is currently lying between the middle and upper Bollinger Bands. The bands continue facing upwards and expanding, so it is likely to continue rebounding.

Currently, the short-swing upper resistance level lies between 65.00~65.20. The current support level lies between63.40~63.60. Investors who wish to go long could consider buying between 64.00~64.10in the short-term and setting the stop loss below63.80.

Technical Analysis (Nas100):

The NASDAQ (29thof April) was around 13982.4 this morning. Under 1-hour-chart technical analysis, after the candlestick pulled back yesterday (28th), it rebounded. It is currently lying above 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 14070.0~14090.0. The current support level lies between13900.0~13920.0. Investors who wish to go longcould consider buying between 13990.0~14000.0in the short-term and setting the stop loss below13970.0.

Economic Calendar (29thof April)

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

 TimeCurrencyDataImportance
1.15:55EURGerman Unemployment Change (Apr)★★★
2.15:55EURGerman Unemployment Rate (Apr)★★
3.17:00EURIndustrial Sentiment (Apr)
4.17:00EURConsumer Confidence (Apr)
5.17:00EURBusiness and Consumer Survey (Apr)
6.20:00EURGerman CPI (MoM) (Apr)  ★★
7.20:30USDInitial Jobless Claims★★★
8.20:30USDGDP (QoQ) (Q1)  ★★★
9.20:30USDReal Consumer Spending (Q1)
10.20:30USDPCE Prices (Q1)
11.22:00USDPending Home Sales (MoM) (Mar)★★★
12.22:30USDNatural Gas Storage

(Importance: maximum three stars★★★)

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