Here is the daily technical analysis for July 25, 2023. The data and analysis in this bulletin can be widely used for your trading. However, it should be noted that GICTrade and the data providers are not responsible for your trading results.
 
Therefore, the responsibility is yours. Before reviewing today’s technical analysis, be sure to register for the GIC Gebyar Hadiah event and get a chance to win the grand prize, the Mitsubishi Expander or a 4-day, 3-night vacation package to Labuan Bajo.
 
We will now provide a price movement forecast for Forex and Commodity markets, complete with Pivot point, Resistance, and Support levels.

 

EURUSD

EUR/USD in the 1-hour period tried to move upward, reaching the resistance level at 1.10970, and heading toward the next resistance level at 1.11340. The upward trend is also visible from the FXBot template, where the EUR figure is 4.4 compared to the USD's 1.2. The bullish bias is also supported by a buy signal shown by the green arrow.

Suggest: Buy 1.10970 TP1 1.11200 TP2 1.11340 SL 1.10700

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

1.11189

1.11462

1.10596

1.10640

1.11283

-0.00643

-0.58%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

1.12210

1.11840

1.11340

1.10970

1.10480

1.10100

1.09610

 

 

GBPUSD

The technical analysis for the GBP/USD pair in the 1-hour period tried to move upward, reaching the resistance level at 1.28400, and heading toward the next resistance level at 1.28770. The upward trend is confirmed by the FXBot template, where the GBP figure is 5.1 compared to the USD's 1.2. The bullish bias is also supported by a buy signal shown by the green arrow.

Suggest: Buy 1.28400 TP1 1.28770 TP2 1.29000 SL 1.28100

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

1.28459

1.28831

1.27973

1.28234

1.28603

-0.00369

-0.29%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

1.29630

1.29230

1.28770

1.28370

1.27910

1.27510

1.27050

 

 

AUDUSD

AUD/USD in the 1-hour period tried to move upward, reaching the resistance level at 0.67750, and heading toward the next resistance level at 0.67950. The upward trend is also visible from the FXBot template, where the AUD figure is 8.1 compared to the USD's 1.1. The bullish bias is also supported by a buy signal shown by the green arrow.

Suggest: Sell 0.67850 TP1 0.67550 TP2 0.67340 SL 0.68100

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

0.67254

0.67553

0.67143

0.67395

0.67311

0.00084

0.12%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

0.67950

0.67750

0.67540

0.67340

0.67130

0.66930

0.66720

 

USDCHF

USD/CHF in the 1-hour period tried to move downward, reaching the support level at 0.86690, and heading toward the next support level at 0.86390. The downward trend is also visible from the FXBot template, where the CHF figure is 3.0 compared to the USD's 1.1. The bearish bias is also supported by a sell signal shown by the red arrow.

Suggest: Sell 0.86690 TP1 0.86390 TP2 0.86150 SL 0.87000

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

0.86430

0.86990

0.86367

0.86956

0.86572

0.00384

0.44%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

0.87640

0.87310

0.87010

0.86690

0.86390

0.86070

0.85770

 

 

USDJPY

The technical analysis for the USD/JPY pair in the 1-hour period tried to move downward, reaching the support level at 140.980, and heading toward the next support level at 140.330. The downward trend is also supported by the FXBot template, where the JPY figure is 4.0 compared to the USD's 1.2. The bearish bias is also supported by a sell signal shown by the red arrow.

Suggest: Sell 141.200 TP1 140.980 TP2 140.600 SL 141.500

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

141.540

141.805

140.741

141.477

141.717

-0.240

-0.17%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

143.100

142.450

142.040

141.390

140.980

140.330

139.910

 

 

XUL (LOCO LONDON GOLD)

The technical analysis for gold in the 1-hour period tried to move upward, reaching the resistance level at 1965.50, and heading toward the next resistance level at 1973.80. The bullish bias is also supported by a buy signal shown by the green arrow.

Suggest: Sell 1967.50 TP1 1963.00 TP2 1958.00 SL 1973.80

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

1961.59

1967.71

1953.32

1954.97

1961.97

-7.00

-0.36%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

1979.90

1973.80

1965.50

1959.40

1951.10

1945.00

1936.70

 

CLSK (OIL)

Oil prices in the 1-hour period tried to move upward, needing to break through the resistance level at 79.25, and head toward the next resistance level at 79.94. To reverse the bearish bias, oil prices need to break through the support level at 78.25, and head toward the next support level at 77.80.

Suggest: Buy 79.25 TP1 79.60 TP2 79.95 SL 78.85

PREVIOUS RANGE

OPEN

HIGH

LOW

CLOSE

PREV.CLOSE

CHANGE

%CHANGE

76.99

79.26

76.42

78.87

76.91

1.96

2.55%

DAILY PIVOT POINT

R3

R2

R1

PIVOT

S1

S2

S3

82.78

81.02

79.94

78.18

77.10

75.34

74.26
 
That’s the explanation for “Daily Technical Analysis: July 25, 2023 – U.S. Economy Grows, Dollar Appreciates.” Read more of our articles, such as how to buy cryptocurrency, only in Jurnal GIC. Don't forget to sharpen your trading skills with our Scalping Ebook guide and join our NFP Live Trading. Be sure to download the GIC Mobile App from Google Play Store.
 
Warning!
 
This analysis is based on fundamental and technical perspectives from trusted sources, and it is not intended as advice or an invitation. Always remember that this content aims to enrich the reader's information. Always conduct your own research first regarding other forex information to use as a reference for your trading.
 
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