04/05 Market report

【Dow Jones】

The historical record of the past 25 years tells us that the US stock market has the highest chance of rising in April. This is because in the past 20 years, the financial reports of US stock companies in April have been growing.

The next focus would be on whether the April 13 earnings week will be affected due to the War between Ukraine and Russia and interest rate increases.

The Dow Jones Index is currently near the high, and the strength of rebound should not be underestimated.

Recently, the Dow Jones has been jumping up and down at the 35,000 level. The current daily Alligator shows a golden cross while the KD shows a death cross. The contradictions show that the movements of the Dow Jones has been consolidating at this region for a while.

It is still a bullish trend unless it breaks the support below.

USA30-D1

Resistance point 1: 35200 / Resistance point 2: 35500 / Resistance point 3: 36000

Support point 1: 34500 / support point 2: 34200 / support point 3: 33800

【EUR】

The United States and some European countries have frozen the foreign exchange reserves of the Central Bank of Russia and the private property of some Russian tycoons and that caused some countries to worry about the world dominated by the US dollar at this stage. They have accelerated the problem of reducing the dependence of the US dollar. According to IMF research, the current proportion of the United States as the world's reserve currency has gradually declined, reflecting the gradual diversification of information that central banks will hold in various countries around the world, while the proportion of the renminbi has gradually increased.

The dollar index continues to rise, and the euro is under pressure.

From the perspective of US bonds, US bonds continue to be sold. However, the US dollar is still in demand as one of the safe-haven currencies. EURUSD's daily technical line shows an entangled Alligator entangled while the KD shows a death crossover. This shows that EURUSD has been trading in a consolidated manner and biased towards a bearish pattern.

EURUSD-D1

Resistance point 1: 1.10200 / Resistance point 2: 1.10500 / Resistance point 3: 1.10800

Support point 1: 1.09500 / support point 2: 1.09000 / support point 3: 1.08800

【Gold】

The War between Ukraine and Russia has been ongoing for 40 days.

Before the negotiations reached a result, Ukrainian President Želensky said: “I hope that the international community can give Ukraine a strong and powerful security guarantee.”

The Representative of Russia also said that at this stage that the time has not yet come for the leaders of the two sides to come forward.

The price of gold is still hovering at 1900USD to 1950USD per ounce, and the alligator shows a tangled situation from the daily technical line.

The KD is currently in the golden cross, showing that there are still some buys on the short line. A relatively strong support has been formed, and a catalyst is needed for a breakthrough.

XAUUSD-D1

Resistance point 1: 1940.00 / Resistance point 2: 1950.00 / Resistance point 3: 1960.00

Support point 1: .1920.00 / support point 2: 1900.00 / support point 3: 1890.00

【Bitcoin】

Virtual currency miners recently mined the 19 millionth bitcoin, and now there are only 2 million bitcoins left to mine. According to the current computing power, it should take 120 years to find a way to mine them all. This means that the bitcoin is still the same - scarcity and uniqueness holds the value of the existing bitcoin. Environmental groups led by Greenpeace USA and the American Environmental Work Organization (EWG) recently launched a publicity campaign to call on mining companies, investors and supporters in the bitcoin industry to modify the bitcoin code to reduce energy consumption.

After Bitcoin broke through the consolidation range of the previous period, the price has continued to oscillate between 45,000 and 47,000. The Alligator shows a golden cross and this indicates that the bulls of Bitcoin still have a certain strength. KD is currently in the golden cross.

BTCUSD-D1

Resistance point 1: 46000 / Resistance point 2: 46800 / Resistance point 3: 47200

Support point 1: 45200 / support point 2: 44800 / support point 3: 44500

OnePro Special Analyst

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