The following is the daily technical analysis, April 17, 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

Euro, 17 April 2023

EUR/USD on the 1-hour period fell further trying to touch the support level at 1.9690 until heading towards the next support level at 1.09190. The downward trend can also be seen from the FXBot template, where the USD figure is higher by 6.1 than the EUR figure of 2.0. While bearish is also supported by a sell signal indicated by a red arrow.

Suggest: Sell 1.09690 TP1 1.09190 TP2 1.09000 SL 1.10000

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

1.10459

1.10751

1.09718

1.09960

1.10462

-0.00502

-0.45%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

1.11760

1.11250

1.10720

1.10220

1.09690

1.09190

1.08660


GBPUSD

Sterling, 17 April 2023

Daily technical analysis for the GBP/USD pair on the 1-hour period fell further, trying to touch the support level at 1.23700 and heading towards the next support level at 1.23240. The downward trend can also be seen from the FXBot template, where the USD figure is higher by 6.0 than the GBP figure of 0.7. While bearish is also supported by a sell signal indicated by a red arrow.

Suggest: Sell 1.23700 TP1 1.23240 TP2 1.23000 SL 1.23960

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

1.25223

1.25460

1.23985

1.24153

1.25223

-0.01070

-0.85%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

1.26910

1.26190

1.25440

1.24710

1.23960

1.23240

1.22490


AUDUSD

Aussie, 17 April 2023

AUD/USD on the 1-hour period is trying to move down, it needs to break through the support level at 0.66800 towards the next support level at 0.66370. The downward trend can also be seen from the FXBot template, where the AUD figure is lower by 4.1 than the USD figure of 6.7. Meanwhile, the decline was also supported by a sell signal indicated by a red arrow.

Suggest: Sell 0.66800 TP1 0.66370 TP2 0.66200 SL 0.67000

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

0.67794

0.68047

0.66943

0.67079

0.67826

-0.00747

-1.11%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

0.69100

0.68570

0.68000

0.67470

0.66890

0.66370

0.65790

USDCHF

Franc, 17 April 2023

USD/CHF on the 1-hour period is trying to move further up, needing to break through the resistance level at 0.89620 and head towards the next resistance level at 0.90060. The upward trend can also be seen from the FXBot template, where the USD figure is higher by 7.8 from the CHF figure of 4.6. Meanwhile, the increase is also supported by a buy signal indicated by a green arrow.

Suggest: Buy 0.89620 TP1 0.90060 TP2 0.90540 SL 0.89140

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

0.88938

0.89579

0.88662

0.89387

0.88939

0.00448

0.51%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

0.90540

0.90060

0.89620

0.89140

0.88700

0.88220

0.87780


USDJPY

Yen, 17 April 2023

Daily technical analysis for the USD/JPY pair on the 1-hour period is trying to move further up, needing to break through the resistance level at 134.200 and head to the next resistance level at 134.730. However, the further uptrend is still quite weak as seen from the FXBot template, where the USD figure is lower by 7.0 than the JPY figure of 7.1. Meanwhile, the increase is also supported by a buy signal indicated by a green arrow.

Suggest: Buy 134.200 TP1 134.730 TP2 135.000 SL 133.900

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

132.570

133.828

132.164

133.734

132.570

1.164

0.88%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

135.640

134.730

133.980

133.070

132.310

131.410

130.650


XUL (LOCO LONDON GOLD)

Emas, 17 April 2023

Gold prices in the 1-hour period tried to move up, touching the resistance area of 2015.23 until heading to the next resistance level at 2025.00. Meanwhile, for further bearish bias, the gold price needs to cross the support area at 2001.32 towards the next support level at 1994.50.

Suggest: Buy 2015.23 TP1 2020.00 TP2 2025.00 SL 2010.00

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

2040.03

2047.28

1992.27

2004.20

2040.85

-36.65

-1.80%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

2104.50

2075.90

2049.50

2020.90

1994.50

1965.90

1939.50

CLSK (OIL)

Oil, 17 April 2023

Daily technical analysis for oil prices in the 1-hour period moved further downwards trying to test the support area of 81.48 until towards the next support level at 80.54. Meanwhile, to turn the bias into bullish, oil prices need to cross the resistance level of 82.68 to the next resistance level at 83.26.

Suggest: Sell 81.48 TP1 81.00 TP2 80.54 SL 81.90

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

82.39

83.10

81.74

82.65

82.36

0.29

0.35%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

84.62

83.86

83.26

82.50

81.90

81.14

80.54

So, that's the explanation of "Technical Daily Analysis: April 17, 2023 – Manufacturing Index Expected to Fall, US Dollar Correction". 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.
Warning!
 
This analysis is based on fundamental and technical views from reliable sources, and is not a suggestion or invitation. Always remember that this content aims to enrich the reader's information. Always use independent research first on other forex information to use as a reference in your trading. Get the latest news and articles from other GIC Indonesia, you can check on Google News every day to find out the latest updates about the world of forex to crypto. Also trade on GICTrade using an ECN account to enjoy trading with low spreads starting from zero!