Daily Technical Analysis: March 13, 2024 - Inflation Rises, USD Strengthens

The following is the daily technical analysis for March 13, 2024. The data and analysis in this bulletin can be broadly applied to your trading. However, it is important to note that GICTrade and the data providers are not responsible for the outcome of your trades.

Below, we will provide forecasts for price movements in Forex and Commodities, along with Pivot Point calculations, Resistance, and Support levels.

EURUSD

EUR/USD pada periode 1 jam berada di bawah area resistance pertama 1.09440, mencoba untuk turun ke area pivot di 1.09230 hingga menuju support pertama di 1.09020. Sementara indicator RSI berada di bawah area pivot, sehingga euro berpotensi untuk bergerak turun lebih lanjut.

Suggest: Sell 1.09440 TP1 1.09230 TP2 1.09020 SL 1.09650

PREVIOUS RANGE
OPEN	HIGH	LOW	CLOSE	PREV.CLOSE	CHANGE	%CHANGE
1.09186	1.09438	1.09023	1.09261	1.09252	0.00009	0.01%
DAILY PIVOT POINT
R3	R2	R1	PIVOT	S1	S2	S3
1.09850	1.09650	1.09440	1.09230	1.09020	1.08820	1.08610

 

 

GBPUSD



GBP/USD on the 1-hour period is below the pivot area at 1.27910, attempting to move down to the first support area at 1.27580 and further to the second support area at 1.27130. Meanwhile, the RSI indicator is below the pivot area, suggesting that the pound sterling has the potential to move down further.

Suggest: Sell 1.27910 TP1 1.27580 TP2 1.27130 SL 1.28360

PREVIOUS RANGE
OPEN	HIGH	LOW	CLOSE	PREV.CLOSE	CHANGE	%CHANGE
1.28000	1.28237	1.27461	1.27935	1.28133	-0.00198	-0.15%
DAILY PIVOT POINT
R3	R2	R1	PIVOT	S1	S2	S3
1.29140	1.28690	1.28360	1.27910	1.27580	1.27130	1.26810

 

 

AUDUSD



AUD/USD on the 1-hour period is below the first resistance area at 0.66300, attempting to move down to the pivot area at 0.66070 and further to the first support area at 0.65750. Meanwhile, the RSI indicator is in the pivot area, suggesting that the Aussie currency has the potential to move down.

Suggest: Sell 0.66100 TP1 0.65750 TP2 0.65530 SL 0.66400

PREVIOUS RANGE
OPEN	HIGH	LOW	CLOSE	PREV.CLOSE	CHANGE	%CHANGE
0.66006	0.66389	0.65845	0.66058	0.66134	-0.00076	-0.11%
DAILY PIVOT POINT
R3	R2	R1	PIVOT	S1	S2	S3
0.66840	0.66610	0.66300	0.66070	0.65750	0.65530	0.65210

 

USDCHF