Analisa Harian Teknikal: 8 Februari 2023 – Greenback Sideway

The following is a technical daily analysis, February 8, 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

EUR/USD is still moving in a narrow range in the 1-hour period, it needs to break one of the support and resistance levels to see the next trend. If EUR/USD is able to break through the resistance of 1.07600 then the price will move up towards the next resistance at 1.08190. However, if it is able to break through the 1.07075 support then the bearish bias continues to the 1.06250 support level.

GBPUSD

GBP/USD is still moving in a narrow range in the 1-hour period, needing to break one of the support and resistance levels to see the next trend. If GBP/USD is able to break through the resistance of 1.20950 then the price will move up towards the next resistance at 1.21650. However, if it is able to break through the 1.20030 support, the bearish bias continues to the 1.19680 support level.

AUDUSD

AUD/USD is still moving in a narrow range in the 1-hour period, needing to break one of the support and resistance levels to see the next trend. If AUD/USD is able to break through the resistance of 0.69850 then the price will move up towards the next resistance at 0.70350. However, if it is able to break through the 0.69475 support then the bearish bias continues to the 0.68650 support level.

USDCHF

The USD/CHF pair in the 1-hour period is observed to move down, needing a break of support at 0.91910 to continue the downtrend until the next support level at 0.91460. Meanwhile, to turn the bias into a bullish one, USD/CHF needs to pass through the level of the 0.92275 area first, testing the resistance area at 0.92970.

USDJPY

Daily Technical Analysis for the USD/JPY pair in the 1-hour period is observed to move downwards, it needs a break of the 130,500 support to continue the downward trend to the next support level at 129,490. Meanwhile, to turn the bias into a bullish one, USD/JPY needs to break through the 131,450 area first, testing the resistance area at 132,950.

XUL (LOCO LONDON GOLD)

Gold prices are still moving in a narrow range in the 1-hour period, it is necessary to break one of the support and resistance levels to see the next trend. If the gold price is able to break through the resistance of 1885.00 then the price will move up towards the next resistance at 1891.20. However, if it is able to break through the 1867.00 support then the bearish bias continues to the 1859.40 support level.

CLSK (OIL)

Daily Technical Analysis for oil prices in the 1-hour period is trying to move a rebound which is marked by the MA25 line which has crossed the MA100 line from below. To continue the increase, it is necessary to break the 78.00 area to reach the resistance of 79.40. However, if oil is able to break through the 76.00 area then the bias turns bearish again to the support level at 75.31.

So, that's the explanation of "Technical Daily Analysis: February 8, 2023 – Greenback Moves Sideways". 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.