Here is the daily technical analysis for August 14, 2023. The data and analysis provided in this bulletin can be widely used for your trading. However, it is important to note that GICTrade and the data providers are not responsible for your trading results.
Thus, the responsibility lies solely with you. Before diving into today’s technical analysis, make sure to register for the GIC Gebyar Hadiah event and stand a chance to win the grand prize: a Mitsubishi Expander or a vacation package to Labuan Bajo for 4 days and 3 nights.
Below, we will provide the price movement forecast for Forex and Commodities, along with Pivot Point levels, Resistance, and Support calculations.
The daily technical analysis for the EUR/USD pair in the 1-hour period shows a downward movement, touching the support level at 1.09310 and heading toward the next support level at 1.09050. The downtrend is also reflected in the FXBot template, where the EUR figure is lower at 6.0 compared to the USD figure of 7.7. The bearish bias is further supported by a sell signal indicated by a red arrow.
Suggest: Buy 1.09100 TP1 1.09400 TP2 1.09670 SL 1.08700
|
PREVIOUS RANGE
|
|
OPEN
|
HIGH
|
LOW
|
CLOSE
|
PREV.CLOSE
|
CHANGE
|
%CHANGE
|
|
1.09788
|
1.10029
|
1.09412
|
1.09460
|
1.09788
|
-0.00328
|
-0.30%
|
|
DAILY PIVOT POINT
|
|
R3
|
R2
|
R1
|
PIVOT
|
S1
|
S2
|
S3
|
|
1.10550
|
1.10290
|
1.09930
|
1.09670
|
1.09310
|
1.09050
|
1.08690
|
GBPUSD
The GBP/USD pair in the 1-hour period shows an attempt to move down, touching the support level at 1.26490 and heading toward the next support level at 1.26200. The downtrend is also indicated by the FXBot template, where the GBP figure is lower at 3.5 compared to the USD figure of 8.0. The bearish bias is also supported by a sell signal indicated by a red arrow.
Suggest: Buy 1.26650 TP1 1.26900 TP2 1.27200 SL 1.26400
|
PREVIOUS RANGE
|
|
OPEN
|
HIGH
|
LOW
|
CLOSE
|
PREV.CLOSE
|
CHANGE
|
%CHANGE
|
|
1.26726
|
1.27368
|
1.26642
|
1.26993
|
1.26732
|
0.00261
|
0.21%
|
|
DAILY PIVOT POINT
|
|
R3
|
R2
|
R1
|
PIVOT
|
S1
|
S2
|
S3
|
|
1.27940
|
1.27660
|
1.27220
|
1.26930
|
1.26490
|
1.26200
|
1.25770
|
AUDUSD
The AUD/USD pair in the 1-hour period shows a downward attempt, touching the support level at 0.64580 and heading toward the next support level at 0.64310. The downtrend is also reflected in the FXBot template, where the AUD figure is lower at 2.1 compared to the USD figure of 8.0. The bearish bias is also supported by a sell signal indicated by a red arrow.
Suggest: Buy 0.64500 TP1 0.64790 TP2 0.65050 SL 0.64300
|
PREVIOUS RANGE
|
|
OPEN
|
HIGH
|
LOW
|
CLOSE
|
PREV.CLOSE
|
CHANGE
|
%CHANGE
|
|
0.65131
|
0.65315
|
0.64841
|
0.64910
|
0.65131
|
-0.00221
|
-0.34%
|
|
DAILY PIVOT POINT
|
|
R3
|
R2
|
R1
|
PIVOT
|
S1
|
S2
|
S3
|
|
0.65730
|
0.65520
|
0.65260
|
0.65050
|
0.64790
|
0.64580
|
0.64310
|
USDCHF
The daily technical analysis for the USD/CHF pair in the 1-hour period shows an upward attempt, touching the resistance level at 0.87880 and heading toward the next resistance level at 0.88060. The uptrend is also indicated by the FXBot template, where the CHF figure is lower at 4.8 compared to the USD figure of 8.1. The bullish bias is supported by a buy signal indicated by a green arrow.
Suggest: Sell 0.87800 TP1 0.87600 TP2 0.87420 SL 0.88060
|
PREVIOUS RANGE
|
|
OPEN
|
HIGH
|
LOW
|
CLOSE
|
PREV.CLOSE
|
CHANGE
|
%CHANGE
|
|
0.87651
|
0.87784
|
0.87320
|
0.87625
|
0.87659
|
-0.00034
|
-0.03%
|
|
DAILY PIVOT POINT
|
|
R3
|
R2
|
R1
|
PIVOT
|
S1
|
S2
|
S3
|
|
0.88340
|
0.88060
|
0.87880
|
0.87600
|
0.87420
|
0.87140
|
0.86950
|
USDJPY
The USD/JPY pair in the 1-hour period shows an upward attempt, touching the resistance level at 145.100 and heading toward the next resistance level at 145.330. The uptrend is also indicated by the FXBot template, where the JPY figure is lower at 7.1 compared to the USD figure of 8.2. The bullish bias is supported by a buy signal indicated by a green arrow.
Suggest: Sell 145.000 TP1 144.520 TP2 144.170 SL 145.500
|
PREVIOUS RANGE
|
|
OPEN
|
HIGH
|
LOW
|
CLOSE
|
PREV.CLOSE
|
CHANGE
|
%CHANGE
|
|
144.715
|
144.982
|
144.399
|
144.905
|
144.732
|
0.173
|
0.12%
|
|
DAILY PIVOT POINT
|
|
R3
|
R2
|
R1
|
PIVOT
|
S1
|
S2
|
S3
|
|
145.680
|
145.330
|
145.100
|
144.750
|
144.520
|
144.170
|
143.940
|
XUL (LOCO LONDON GOLD)
The price of gold in the 1-hour period shows an upward attempt, touching the resistance level at 1917.50 and heading toward the next resistance level at 1924.10. The bullish bias is supported by a buy signal indicated by a green arrow.
Suggest: Buy 1917.50 TP1 1920.50 TP2 1924.10 SL 1914.10
|
PREVIOUS RANGE
|
|
OPEN
|
HIGH
|
LOW
|
CLOSE
|
PREV.CLOSE
|
CHANGE
|
%CHANGE
|
|
1911.92
|
1920.76
|
1910.71
|
1913.17
|
1913.34
|
-0.17
|
-0.01%
|
|
DAILY PIVOT POINT
|
|
R3
|
R2
|
R1
|
PIVOT
|
S1
|
S2
|
S3
|
|
1927.50
|
1924.10
|
1917.50
|
1914.10
|
1907.40
|
1904.10
|
1897.40
|
CLSK (OIL)
The daily technical analysis for oil prices in the 1-hour period shows an attempt to move down, needing to breach the support level at 82.21 to reach the next support level at 81.44. To shift the bias to bullish, oil prices need to break through the resistance level at 83.06 and move toward the next resistance level at 83.83.
Suggest: Sell 82.21 TP1 81.80 TP2 81.50 SL 82.60
|
PREVIOUS RANGE
|
|
OPEN
|
HIGH
|
LOW
|
CLOSE
|
PREV.CLOSE
|
CHANGE
|
%CHANGE
|
|
82.81
|
83.79
|
82.21
|
83.05
|
82.82
|
0.23
|
0.28%
|
|
DAILY PIVOT POINT
|
|
R3
|
R2
|
R1
|
PIVOT
|
S1
|
S2
|
S3
|
|
85.41
|
84.60
|
83.83
|
83.02
|
82.25
|
81.44
|
80.67
|
This concludes the explanation of the "Daily Technical Analysis: August 14, 2023 – Mixed Sentiment, Forex Market Sideways." Also, check out our other articles, such as guides on how to buy cryptocurrency, only at Jurnal GIC. Don’t forget to hone your trading skills by getting the Scalping Ebook guide and participating in Live Trading at NFP Live Trading. Be sure to download the GIC Mobile Apps from the Google Play Store.
Warning!!
This analysis is based on views from fundamental and technical perspectives from trusted sources and does not constitute advice or solicitation. Always remember that this content aims to enrich readers' information. Always conduct independent research first regarding other forex information to serve as a reference for your trading.
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