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The following is the daily technical analysis for September 23, 2024. The data and analysis in this bulletin can be broadly used for your trading activities. However, it is important to note that GICTrade and the data providers are not responsible for the outcome of your trades.
We will now provide a forecast of price movements in Forex and Commodities, complete with calculations of Pivot points, Resistance, and Support levels.
AUDUSD
The AUD/USD on the 1-hour period is at the pivot area of 0.68050, attempting to move up to the first resistance area at 0.68270 and potentially reaching the second resistance area at 0.68510. Meanwhile, the RSI indicator is below the pivot area, suggesting that the Aussie may move down first before rebounding.
Suggest: Buy 0.68000 TP1 0.68250 TP2 0.68500 SL 0.67750
AUDUSD
The AUD/USD on the 1-hour period is at the pivot area of 0.68050, attempting to move up to the first resistance area at 0.68270 and potentially reaching the second resistance area at 0.68510. Meanwhile, the RSI indicator is below the pivot area, suggesting that the Aussie may move down first before rebounding.
Suggest: Buy 0.68000 TP1 0.68250 TP2 0.68500 SL 0.67750
|
PREVIOUS RANGE |
||||||
|
OPEN |
HIGH |
LOW |
CLOSE |
PREV.CLOSE |
CHANGE |
%CHANGE |
|
0.68036 |
0.68289 |
0.67830 |
0.68062 |
0.68140 |
-0.00078 |
-0.11% |
|
DAILY PIVOT POINT |
||||||
|
R3 |
R2 |
R1 |
PIVOT |
S1 |
S2 |
S3 |
|
0.68730 |
0.68510 |
0.68270 |
0.68050 |
0.67810 |
0.67590 |
0.67350 |
XAUUSD
Gold prices on the 1-hour period are below the resistance area at 2623.80, attempting to move down towards the pivot area at 2604.30 and potentially reaching the first support area at 2582.80. Meanwhile, the RSI indicator is below the pivot area, indicating that gold prices may move down or correct before continuing the upward trend.
Suggest: Buy 2610.00 TP1 2620.00 TP2 2630.00 SL 2600.00
Gold prices on the 1-hour period are below the resistance area at 2623.80, attempting to move down towards the pivot area at 2604.30 and potentially reaching the first support area at 2582.80. Meanwhile, the RSI indicator is below the pivot area, indicating that gold prices may move down or correct before continuing the upward trend.
Suggest: Buy 2610.00 TP1 2620.00 TP2 2630.00 SL 2600.00
|
PREVIOUS RANGE |
||||||
|
OPEN |
HIGH |
LOW |
CLOSE |
PREV.CLOSE |
CHANGE |
%CHANGE |
|
2586.69 |
2625.76 |
2584.79 |
2619.99 |
2587.13 |
32.86 |
1.27% |
|
DAILY PIVOT POINT |
||||||
|
R3 |
R2 |
R1 |
PIVOT |
S1 |
S2 |
S3 |
|
2664.80 |
2645.30 |
2623.80 |
2604.30 |
2582.80 |
2563.30 |
2541.90 |
CLSK (OIL)
Oil prices on the 1-hour period are above the pivot area at 70.98, with the potential to move up to the first resistance area at 71.60 and possibly reach the second resistance area at 72.05. Meanwhile, the RSI indicator is below the pivot area, suggesting that oil prices may move down before rebounding.
Oil prices on the 1-hour period are above the pivot area at 70.98, with the potential to move up to the first resistance area at 71.60 and possibly reach the second resistance area at 72.05. Meanwhile, the RSI indicator is below the pivot area, suggesting that oil prices may move down before rebounding.
Suggest: Buy 70.80 TP1 71.30 TP2 71.80 SL 70.30
|
PREVIOUS RANGE |
||||||
|
OPEN |
HIGH |
LOW |
CLOSE |
PREV.CLOSE |
CHANGE |
%CHANGE |
|
71.18 |
71.43 |
70.36 |
71.15 |
71.08 |
0.07 |
0.10% |
|
DAILY PIVOT POINT |
||||||
|
R3 |
R2 |
R1 |
PIVOT |
S1 |
S2 |
S3 |
|
72.67 |
72.05 |
71.60 |
70.98 |
70.53 |
69.91 |
69.46 |
