Last: 
Here is the daily technical analysis for July 22, 2024. The data and analysis provided in this bulletin can be used widely for your trading. However, it is important to note that GICTrade and the data providers are not responsible for your trading results.
We will now provide forecasts for price movements in Forex and Commodities, along with calculations for Pivot point levels, Resistance, and Support.
AUDUSD
AUD/USD on the 1-hour timeframe is trading below the first support area at 0.66790, attempting to move down to the second support area at 0.66660 and towards the third support area at 0.66510. Meanwhile, the RSI indicator is below the pivot area, suggesting that the Aussie has the potential to move down before rebounding, as it is already in the oversold area.
Suggest: Buy 0.66500 TP1 0.66700 TP2 0.66900 SL 0.66300
AUDUSD
AUD/USD on the 1-hour timeframe is trading below the first support area at 0.66790, attempting to move down to the second support area at 0.66660 and towards the third support area at 0.66510. Meanwhile, the RSI indicator is below the pivot area, suggesting that the Aussie has the potential to move down before rebounding, as it is already in the oversold area.
Suggest: Buy 0.66500 TP1 0.66700 TP2 0.66900 SL 0.66300
|
PREVIOUS RANGE |
||||||
|
OPEN |
HIGH |
LOW |
CLOSE |
PREV.CLOSE |
CHANGE |
%CHANGE |
|
0.67028 |
0.67087 |
0.66803 |
0.66836 |
0.67060 |
-0.00224 |
-0.33% |
|
DAILY PIVOT POINT |
||||||
|
R3 |
R2 |
R1 |
PIVOT |
S1 |
S2 |
S3 |
|
0.67360 |
0.67220 |
0.67080 |
0.66940 |
0.66790 |
0.66660 |
0.66510 |
XAUUSD
Gold prices on the 1-hour timeframe are trading below the pivot area at 2421.20, attempting to move down towards the first support area at 2396.80 and then to the second support area at 2369.40. Meanwhile, the RSI indicator is below the pivot area, indicating that gold prices have the potential to move down before rebounding, as the RSI is in the oversold area.
Suggest: Buy 2390.00 TP1 2395.00 TP2 2405.00 SL 2380.00
|
PREVIOUS RANGE |
||||||
|
OPEN |
HIGH |
LOW |
CLOSE |
PREV.CLOSE |
CHANGE |
%CHANGE |
|
2445.30 |
2445.64 |
2393.83 |
2399.85 |
2444.57 |
-44.72 |
-1.83% |
|
DAILY PIVOT POINT |
||||||
|
R3 |
R2 |
R1 |
PIVOT |
S1 |
S2 |
S3 |
|
2500.40 |
2473.00 |
2448.60 |
2421.20 |
2396.80 |
2369.40 |
2345.00 |
CLSK (OIL)
Oil prices on the 1-hour timeframe are trading below the pivot area at 79.54, with the potential to move down to the first support area at 77.77 and then towards the second support area at 76.80. Meanwhile, the RSI indicator is below the pivot area, suggesting that oil prices have the potential to decline before rebounding, as the RSI is in the oversold area.
Suggest: Buy 78.00 TP1 78.50 TP2 79.00 SL 77.50
|
PREVIOUS RANGE |
||||||
|
OPEN |
HIGH |
LOW |
CLOSE |
PREV.CLOSE |
CHANGE |
%CHANGE |
|
80.88 |
81.31 |
78.57 |
78.73 |
82.40 |
-3.67 |
-4.45% |
|
DAILY PIVOT POINT |
||||||
|
R3 |
R2 |
R1 |
PIVOT |
S1 |
S2 |
S3 |
|
83.25 |
82.28 |
80.51 |
79.54 |
77.77 |
76.80 |
75.03 |
Well, that concludes the explanation of “Daily Technical Analysis: July 22, 2024 – US Dollar Potentially Correcting.” Also, read our other articles, such as explanations on how to buy cryptocurrency, only at Jurnal GIC. Don't forget to hone your trading skills by getting the Ebook Scalping guide. Be sure to download the GIC Mobile Apps from the Google Play Store.
