Analisa Harian Teknikal: 11 Juli 2023 – Suka Bunga Naik, Dolar AS Anjlok

The following is a daily technical analysis, July 11, 2023. The data and analysis contained in this newsletter can be used on a wide scale for your trading. However, it is important to note that GICTrade and its data providers are not responsible for your trading results.

So, it's your own responsibility. Before knowing today's technical analysis, immediately register yourself to take part in the GIC Gebyar Prize and get the main prize, namely Mobile Mitshubshi Expander or Vacation Package to Labuan Bajo for 4 days and 3 nights. 

In the following, we will inform you about the forecast of price movements in Forex and Commodities which is equipped with the calculation of Pivot points, Resistance and Support levels.

EURUSD

Technical analysis of the EUR/USD pair on the 1-hour period is trying to move further upwards, touching the resistance level at 1.10300 to the next resistance level at 1.10650. The upward trend can also be seen from the FXBot template, where the EUR figure is higher by 5.7 than the USD figure of 1.8. While the bullish bias is also supported by a buy signal indicated by a green arrow.

Suggest: Sell 1.10330 TP1 1.10000 TP2 1.09750 SL 1.10600

GBPUSD

GBP/USD on the 1-hour period tried to move further up, touching the resistance level at 1.29000 to the next resistance level at 1.29440. The upward trend is also confirmed from the FXBot template, where the GBP figure is higher by 5.4 than the USD figure of 1.7. While the bullish bias is also supported by a buy signal indicated by a green arrow.

Suggest: Sell 1.29100 TP1 1.28800 TP2 1.28500 SL 1.29400

AUDUSD

AUD/USD on the 1-hour period tried to move further up, touching the resistance level at 0.67000 until heading to the next resistance level at 0.67410. The upward trend can also be seen from the FXBot template, where the AUD figure is higher by 5.1 than the USD figure of 2.0. While the bullish bias is also supported by a buy signal indicated by a green arrow.

Suggest: Sell 0.67150 TP1 0.66900 TP2 0.66600 SL 0.67410

USDCHF

Daily technical analysis for the USD/CHF pair on the 1-hour period is trying to move further downwards, touching the support level at 0.88290 to the next support level at 0.87630. The downward trend can also be seen from the FXBot template, where the CHF figure is higher by 3.8 than the USD figure of 1.0. While the bearish bias is also supported by a sell signal indicated by a red arrow.

Suggest: Buy 0.88200 TP1 0.88500 TP2 0.88730 SL 0.88000

USDJPY

USD/JPY in the 1-hour period tried to move further down, touching the support level at 140,190 to the next support level at 139,120. The downward trend can also be seen from the FXBot template, where the JPY figure is higher by 7.8 than the USD figure of 1.1.  While the bearish bias is also supported by a sell signal indicated by a red arrow.

Suggest: Buy 140.500 TP1 140.840 TP2 141.000 SL 140.190

XUL (LOCO LONDON GOLD)

Daily technical analysis for the 1-hour period Gold price is trying to move up, touching the resistance level at 1932.30 to the next resistance level at 1937.90. While the bullish bias is also supported by a buy signal indicated by a green arrow.

Suggest: Sell 1935.00 TP1 1930.00 TP2 1920.00 SL 1940.00

CLSK (OIL)

Oil prices in the 1-hour period are trying to move up, needing to cross the resistance level at 73.87 to reach the next resistance level at 74.74. Meanwhile, to change the bias to bearish, oil prices need to pass the support level at 72.74 to the next support level at 71.92.

Suggest: Buy 73.87 TP1 74.20 TP2 74.74 SL 73.73

Well, that's the explanation of "Technical Daily Analysis: July 11, 2023 – Faster Interest Rate Cycle, US Dollar Plummets". Also read our other articles, such as an explanation of how to buy cryptocurrencies, only in the GIC Journal. Don't forget to practice your trading skills by getting the Scalping Ebook and following Live Trading on NFP Live Trading. Make sure, download GIC Mobile Apps on the Google Play Store.